13-5b2g The investment return in the evenly rotating economy (ERE) is exclusively dependent on time element

If everything is known, then what will happen can be deduced and reduced to the present. Future is synonymous with unpredictability. Time is connected with knowledge creation. The ERE framework disregards not only knowledge creation but also time—since both are likely intimately connected.revisit

“In the ERE, where all techniques, market demands and supplies, etc., for the future are known, the investment function becomes purely passive and waiting.” (p. 434)

“The interest return on investment, as set by total savings and total demands by owners of factors, completely determines the rate of interest on the producers’ loan market as well as the rate of earning on stock.” (p. 437)

Next:

• 13-5b2h In the evenly rotating economy, the rates of interest will differ in accordance with a psychic component

Related:

• On future and knowledge:
  • 1-2g2e What science and creative thought in general achieves is unpredictable creation out of nothing. That is, creation of knowledge. And so is biological evolution (i.e., life).
  • 2-2a ‘Emergence’ - Knowledge can be created out of nothing and is unpredictable
  • 5-1b1a2d Knowledge is by definition unpredictable
  • 5-1b3a In particular, we underestimate how much we can change in the future during and after downturns. Things change.
  • 10-2e6 Any theory must account for the meaning of ‘the future’ and ‘the past’ because both are arbitrary abstractions and do not exist objectively in reality
  • 10-2e9 Variants do exist in the multiverse - not in the past or in the future, but they literally do exist somewhere in the multiverse!
  • 10-2g3d1.1 Humans create their own cause
  • 10-2h Explicating the inexplicit amounts to knowledge, and knowledge is unpredictable, and never derived mechanically
  • 13-3a The use of the mathematical concept of function in a science of human action is inappropriate—because it disregards time and knowledge creation (i.e., the multiverse)
  • 13-3a0 The evenly rotating economy (ERE) disregards knowledge creation
  • 13-8a2 The demand for money stems from fundamental uncertainty about both the future environment and the future-self
  • 13-8a3 Money must evoke the past, but the demand for money lies in the future