Austrian Economics and Systems Biology: Price, Value and Profit as Scale Invariant concepts from The Meaning Code

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

1 hour 21 minutes Posted Sep 12, 2024 at 11:02 am.

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?

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Can the price mechanism be seen in biology?Signups for Olympia Face to Face conference at: https://estuarynorthwest2024.comTimestamps: 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?

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