1min chapter

The "What is Money?" Show cover image

Order Without Organizations with Aneesh Karve (WiM141)

The "What is Money?" Show

CHAPTER

The Theory of Complex Systems

Theory of emergence is all about in the theory of complex systems. Mises elucidates quote it is not the task of economic calculation to expand man's information about future conditions. He has to adjust his actions as well as possible to his present opinion concerning want satisfaction in the future. For this purpose acting man needs a method of computation and computation requires a common denominator, to which all items entered are to be referable. The common denominator of economic calculation is money. And then we'll go into the spiders in marijuana which I thought was pretty cool part of your paper.

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