Evernomics And The New Economic Order

31 Jan 2022 by rate3

The following are my remarks on SORA Authors' proposed 'New Economic Order'.

Authors of SORA Paper wrote:

Quote: ''' This was shown by Richard Werner in his disaggregated quantity theory of money, where he disaggregated Fisher’s equation of exchange(MV = PY; a good way to think about this is also that MV equals nominal GDP viewed from the perspective of buyers, whereas PY equates to nominal GDP viewed from the perspective of producers/sellers) '''

That is, yet, another paraphrase of the as-old-as-the-world Salamanca School's monetarism dogma propagated in our days by its countless interpretors, including, of course, by M. Friedman and his Chicago's brethren.

A real-life economy is a 4-dimensional interplay among multiple competing Constructs, which can't be described by equations (let alone linear ones) or even properly observed (due to the Heisenberg principle).

Quote: ''' ... expanding the quantity of money for new goods and services expands the economic output because latent resources (especially human resources) are mobilized, and existing resources are upgraded by the creation of new capital for production.'''

Even if that proposition is realized in a small, close-bound system, where such economic experimentations are theoretically possible, that 'linear programming model' would never work simply because governing signals (f.e. changes in prices) can't propagate efficiently through any compositions of live constructs.

Plus, that model is a reactionary one by definition ( 'a' begets 'b', then 'c' etc.)

Living constructs are extrapolative (visionary). They are constantly trying to predicate their futures in order to increase their chances to eternalize themselves. Consequently, all inputs of such models become inadequate before processing simply because all adjacent constructs had already reacted to its existence.

Moreover, the main predicate of SORA's Authors, which is as follow:

Quote: '''... for cryptoeconomic systems to be able to compete with contemporary, centralized economic systems, there needs to be a rational economic model'''

is, simply, ridiculous, because all the point of the algorithmic decentralization is to increase world economic system's entropy (those making it accessible to maximum numbers of diverse livings constructs) - not to decrease it, and to make it even more parametrically effective (a.k.a. atrocious to live in).

RE: 'SORA: The New Economic Order'

Image: SVET is Light by Svet and Victor

Thanks to @stanta (again!) for leading me to that Paper

Source: http://evernomics.com/