Uncertainty principle in economics, as it were. Uncertainty arises because nothing can extend across the multiverse—that is, the fundamental uncertainty is derived from the laws of physics. Money allows you to cope with the uncertainty.develop
The laws of physics implied that something like money will be demanded, and it was delivered—the questions are what invented money, and whether money is invention or not.develop
“The desire to keep a cash balance stems from fundamental uncertainty as to the right time for making purchases, whether of capital or of consumers’ goods. Also important are a basic uncertainty about the individual’s own future value scale and the desire to keep cash on hand to satisfy any changes that might occur. Uncertainty, indeed, is a fundamental feature of all human action, and uncertainty about changing prices and changing value scales are aspects of this basic uncertainty.”
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Related:
- 13-8 Marginal utility—as the quantity of the supply (stock) of a good increases, the utility (value) of each additional unit decreases
- On unpredictability
- 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
- 5-1b3 How much we can change is also unpredictable
- 9-4b2b1 We are free because we can create knowledge, and knowledge is unpredictable
- On uncertaintydevelop
- 1-2g2t5a There is no such thing as the ‘same’ instance of a particle at different times - i.e., there is no such thing as speed of ‘one instance’ in the quantum physics (Heisenberg uncertainty principle)
- 13-1a1 The uncertainty of the future must be true because the contrary would completely negate the possibility of action
- 13-1a2 The omnipresence of uncertainty introduces the ever-present possibility of error in human action
- How is money invented?develop