2min chapter

The "What is Money?" Show cover image

Order Without Organizations with Aneesh Karve (WiM141)

The "What is Money?" Show

CHAPTER

The Evolution of Economic Calculation

The market synthesizes all these subjective ordinal valuations into an objective number the price. Which is just not possible in anything other than a market basically. And so the market has taken what were subjective ordinals and elevated them into Cardinals. This introduces this concept of autistic exchange that we need as humans to interact with each other across division of labor.

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