4min chapter

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Social Systems Theory with Dr. Hans-Georg Moeller

The Good Ol Boyz Podcast

CHAPTER

The Inflation of Knowledge

Luma trans fers this not only to the economy, but even to something like knowledge. If knowledge is a medium like money or power, then those who take part in its production have no reason to believe they are taking part in a ultimately self improving endeavor. They must consider themselves traders at the knowledge exchange marketplace. The virgthethte the financial money, financial richness, is now virtual. And that's er. That has to do with this transition from first order observation to second order observation,.

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