Ben Lyons recently gave a talk on Michael Levin's Academic Channel with his theory that price in economics relates to Levin's theory of bio electricity as the cognitive glue of collective intelligence. Marcus Shera, expert in Austrian Economics, joins us to discuss this theory and how it might apply to the wider view.

Timestamps:

0:00 Introductions

04:28 Exploring the Concept of Value in Economics and Biology

19:47 Discussion on Cellular Level Decision Making

24:02 Brain Function and Finance Analogy

29:15 Economic Perspectives and Transaction Costs

39:05 Computational Irreducibility and Reducibility

41:30 Contracts and Social Institutions

52:32 Discussion on the Role of DNA in Biological Systems

58:20 Discussion on Subjective Theory of Value and Scarcity

1:02:48 Discussion on Entropy and its Relationship to Choice and Economics

1:19:00 Exploring the Relationship Between Opportunity Cost and Entropy

1:26:04 Discussion on the Role of Price System in Coordinating System

Ben Lyons presentation to Michael Levin: https://youtu.be/0Oo4ng6dWrQ?si=vzfUAjNG6pSqOXmg

Ben Lyons website and an article on Memory in Mathematics: https://benjaminflyons.com/wp-content/uploads/2024/09/memories-in-math-3.pdf?utm_source=substack&utm_medium=email

Price as the Cognitive Glue of Multiple Intelligences: Ben Lyon and Marcus Shera on Economics and Biology