The Sorcerer
2006-05-23 08:34:26 UTC
<***@hotmail.com> wrote in message news:***@38g2000cwa.googlegroups.com...
| Monetary systems are very interesting and I'll tell you why.
|
| In some ways they are discrete, and in some ways they are continuous.
|
| You have something and I want to buy it. I place a certain value on
| that item, and this valuation in my mind can take on any value
| contained in the Reals. But I cannot pay for it with Reals, I have to
| use Integers to count out the pennies, nickels, dimes, quarters,
| dollars, yen whatever.
|
| So, by the same argument that I have used to claim that space-time is
| not deterministic, I would also have to say that any economic system is
| undetermined. That is, monetary systems CANNOT be deterministic,
| because exact initial conditions cannot be known. Regardless of what
| people are actually paying for goods and services, it is impossibel to
| know exactly what value they actually placed on those goods and
| services.
|
| I might "think" that it's only worth .7545673 pennies, but to get the
| product I _must_ pay 1.00000 penny.
|
| Initial conditions are gone, cannot be known. Yet, it seems that SCALE
| has alot to do with things here.
|
| This is really very amazing stuff.
|
| Economics - partially acausal ? Who would believe it ?!?!!!!!!!
|
<yawn>... is accountancy class over yet?
Androcles
| Monetary systems are very interesting and I'll tell you why.
|
| In some ways they are discrete, and in some ways they are continuous.
|
| You have something and I want to buy it. I place a certain value on
| that item, and this valuation in my mind can take on any value
| contained in the Reals. But I cannot pay for it with Reals, I have to
| use Integers to count out the pennies, nickels, dimes, quarters,
| dollars, yen whatever.
|
| So, by the same argument that I have used to claim that space-time is
| not deterministic, I would also have to say that any economic system is
| undetermined. That is, monetary systems CANNOT be deterministic,
| because exact initial conditions cannot be known. Regardless of what
| people are actually paying for goods and services, it is impossibel to
| know exactly what value they actually placed on those goods and
| services.
|
| I might "think" that it's only worth .7545673 pennies, but to get the
| product I _must_ pay 1.00000 penny.
|
| Initial conditions are gone, cannot be known. Yet, it seems that SCALE
| has alot to do with things here.
|
| This is really very amazing stuff.
|
| Economics - partially acausal ? Who would believe it ?!?!!!!!!!
|
<yawn>... is accountancy class over yet?
Androcles