Austrian Economics and Systems Biology: Price, Value and Profit as Scale Invariant concepts
The Meaning Code · Karen Wong
September 12, 20241h 21m
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Show Notes
Can the price mechanism be seen in biology?
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Timestamps:
00:00 Intro
23:01 How is the price mechanism influenced by collective intelligence?
27:06 What is the role of subjective value in determining prices?
44:43 How does profit provide different kinds of information compared to prices?
1:03:38 Is inflation an evil force that keeps people down?
1:21:06 What does it mean to witness and observe in the context of economics?