In Genuine Praise of So Called Folly: Why Only Nonoptimization Matters

The title of this article might seem a strange one coming from an economist. This is the third of three planned essays. The two preceding articles in this series, the first of which built a lens to observe life from a tautology and the second, took reasonable scientific inference from the first. In this article,… Continue reading In Genuine Praise of So Called Folly: Why Only Nonoptimization Matters

The Universal Lens: Basic Logic of Any Self Organizing System 

(of which so far constitutes only life, but this logic applies to any and all future robot overlords[1]). All systems tend towards the inevitability of entropy. A drop of ink placed in a glass of water quickly and with statistical necessity will become a glass of tinted water. A rock placed in the water would… Continue reading The Universal Lens: Basic Logic of Any Self Organizing System 

Wise King Midas:80% of Macroeconomics in One Story

King Midas is the man who can turn anything he touches into gold. He has been used several times to illustrate a few basic principles about money(with the extra assumption being that during his time, gold=money. For this story, we can additionally ignore international trade just to make life easier). First, he was introduced to… Continue reading Wise King Midas:80% of Macroeconomics in One Story

The Tale of Rather Foolish King Midas

King Midas is the King from Greek mythology who had the gift to turn anything he touched into gold. In the story of slightly wiser King Midas he gains the ability to control which things turn into gold and which things do not. This was used to illustrate that real goods, not money (in this… Continue reading The Tale of Rather Foolish King Midas