3-1a4b5 Anything can be priced in principle. But not everything will be.

Originally, this note was titled: But everything can be priced.

“The very fact that exchangeable consumers’ goods are more abundant enables each individual to enjoy more of the nonexchangeable ones. A destitute person is far less likely to prefer the nonexchangeable to the exchangeable than one whose “standard of living” in terms of the latter is high. The important fact for catallactics is that a man always chooses a bundle of money income plus other psychic factors and that he will maximize his money income only if psychic factors are neutral with respect to his choices.” – Murray Rothbard

Viz., it cannot be unbundled.develop

Next:

• 3-1a4b5.1 Money can be anything—but money will not be everything
• 3-1a4b6 The importance of the monetarily accountable compared to the unaccountable increases indefinitely, although the former never exhausts the latter

Related:

• 13-4d4 Value is subjective

  • 9-2b2 There is no objective hierarchy amongst knowledge; only cultural-subjective hierarchy exists because we are cultural being (知識・情報そのものに優劣はない)

• 8-1a What can go digital will go digital

  • 3-1d4b1 What’s been considered ‘analog’ must be represented digitally, because the distinction is rather arbitrary
    • 12-1c Open source means more composability means more digitizeable and measurables

• E.g., prediction market

  • 2-1a0c1i Every polity will be publicly traded eventually just like companies and coins

• 3-1a4b4 Not everything are priced yet

  • 7-1a4a1 Wealth created ≠ the P&L of a business. Remember - you get what you measure.
    • But with technology we’d be able to capture wealth rather arbitrarily well:
      • E.g., 3-1c1d5 Dashboards over newspapers
        • 3-1c1c You must build your own media for yourself
        • 3-1c1d You must build your own media distribution to avoid distortion for yourself and others

• Yet remember: 5-1b1a2c0 No theory can exhaust reality

  • Put differently, no pricing model can price everything because there’s always something that slips.Ayache
    • 10-2d The medium of expression, language, can also improve indefinitely
    • 1-2g2t3d2 Knowledge-creation must also imply access to previously inaccessible universes, owning to its unlimited improvability
    • 1-2g2j1d Cantgotu environments - you will always be proven wrong because no program will render it; you can never prove that you were there
    • 5-1b1a2c0.1 Perfect replication is impossible
    • 5-1b1a2c0.2 Analogue information (e.g., tones of voice, EQ) cannot be perfectly-exhaustively represented by digital systems (e.g., universal writing systems)
    • 2-1a0c ‘Denial’ - Accept the existence of Black Swans
    • 5-1b2.1 Don’t invest in prediction, because the Black Swan is inherently unpredictable

• 5-2a3 People fight over tangibles

  • 12-1a2a2 資本は資本の一元性を好み、商品は商品の多様性を好む