Show notes
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