The Value of the Division of Labor

Entrepreneur and computer scientist Aneesh Karve joins me for a conversation on his latest written work "Order Without Organizations: Computation, Austrian Economics, and the Limits of Central Planning."

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GUEST
Aneesh's Twitter: https://twitter.com/akarve
Aneesh's Written Work: https://akarve.com/complexity-austrian-economics-computational-limits-of-central-planning/

PODCAST
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 What is the Goal?
00:02:25 Free Market as a “Distributed Computing Network”
00:08:03 “Mistaking the Cat for the Washing Machine”
00:11:53 Order & Taxes
00:17:05 Praxeology & Subjectivity
00:20:20 The Language of Markets
00:25:09 Formal Systems
00:28:22 Quantifying Capitalism
00:33:09 Ordinal Numbers & Cardinal Numbers
00:36:10 Price Signals
00:41:51 Equality
00:44:08 What is Wealth?
00:51:00 Thomas Sowell
00:53:26 Evenly Rotating Economy
00:57:09 Equality of Outcome
01:06:13 NYDIG
01:07:24 Public Property
01:14:28 Public Discerning the Truth
01:18:33 Marginal Utility & Diamond-Water Paradox
01:22:50 Price Discovery
01:29:06 Formulating Human Action
01:34:59 Algorithms
01:38:32 Central Planning
01:44:24 Fiat
01:49:44 Bitcoin as a Common Variable
01:53:58 Fighting Entropy in the Marketplace
01:59:20 Perfect Scarcity
02:01:33 The Irreducibility of the Market Process

SOCIAL
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WRITTEN WORK
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