Toward a Networked Theory of Value
Pain of Paying? — A Metaphor Gone Literal: Evidence from Neural and Behavioral Science
How do individuals consider the price of a good when making purchase decisions? Standard economic theories assume an analytical process: Individuals consider th
CMV: The labor theory of value is flawed
72 votes, 407 comments. This might be an obscure topic, however, in some—largely Marxist circles— the approach seems to motivate much of the dialogue…
“Objective Economics” Isn’t.
Some time ago, in a Facebook argument, I encountered someone who repeated the old “exchange of unequals” argument (i.e., that people never exchange equivalents because each party values what they got more than what they traded for it). I responded that this argument confuses exchange value with use value and that, regardless of subjective valuation,...
Economics for the future – Beyond the superorganism
Our environment and economy are at a crossroads. This paper attempts a cohesive narrative on how human evolved behavior, money, energy, economy and th…
Thesis on value accumulation in AI.
Recently, I’ve been thinking about where I want to focus my angel investing in 2024, and decided to document my thinking about value accumulation in artificial intelligence because it explains the shape of my interest–or lack thereof–in investing in artificial intelligence tooling. I’ll describe my understanding of the current state, how I think it’ll evolve over the next 1-3 years, and then end with how that shapes what I’m investing in.
The Wealth of Networks
The Wealth of Networks: How Social Production Transforms Markets and Freedom is a book by Harvard Law School professor Yochai Benkler published by Yale University Press on April 3, 2006. The book has been recognized as one of the most influential works of its time concerning the rise and impact of the Internet on the society, particularly in the sphere of economics. It also helped popularize the term Benkler coined few years earlier, the commons-based peer production (CBPP).
Cognitive Capitalism - Public Seminar
There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More
On the immaturity of tokenized value capture mechanisms
Pursuing value in an age of borderless-ness, experimental monetary policies, costless forks and unlimited innovation.
On the Impact of the Utility in Semivalue-based Data Valuation
Semivalue–based data valuation uses cooperative‐game theory intuitions to assign each data point a value reflecting its contribution to a downstream task. Still, those values depend on the...
Is Inequality Inevitable?
Wealth naturally trickles up in free-market economies, model suggests
Tradeoffs: The Currency of Decision Making
The disregard of tradeoffs and opportunity costs play out in the same pattern again and again in our lives. Every decision we make carries an opportunity cost. If we don’t budget wisely, we end up wasting time and energy on things that don’t matter. Here’s how to do it right.
Networked computing, in a fundamental way, changed the producer-consumer relationship we have with corporations. In the material world that relationship ends with the transfer of material and money; I buy a pencil and some paper, and the producer is out of the picture while I use them to write.
