Austrian Economics and Systems Biology: Price, Value and Profit as Scale Invariant concepts

Can the price mechanism be seen in biology?

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Timestamps:

00:00 Intro

23:01 How is the price mechanism influenced by collective intelligence?

27:06 What is the role of subjective value in determining prices?

44:43 How does profit provide different kinds of information compared to prices?

1:03:38 Is inflation an evil force that keeps people down?

1:21:06 What does it mean to witness and observe in the context of economics?