Rune Østgård on Nostr: I'll try to add some thoughts to a previous statement, when I wrote that our belief ...
I'll try to add some thoughts to a previous statement, when I wrote that our belief system is the foundation, layer zero, of civilization, while money is its cornerstone, layer one.
The viewpoint I use here is anthropologist in its nature. I choose to use this as a starting point, since understanding money as a concept IMO should be based on a much broader analysis than for instance engineering or economics.
The reason why I think money is so important for civilization is because money makes it possible
- to transfer economic value quickly and over long distance
- to preserve economic value over long periods of time
- to give more options to participants in the game called "the generous tit for tat"
- to have voluntary exchange with strangers because it takes trust out of the equation.
- to quantify and calculate costs and interest
- to make exponentially better use of our individual and differing talents on the basis of specialization
- to make exponentially better use of those traits that separates us from other species, and most notably our appreciation of time preference
- to incentivize peaceful cooperation and disincentivize coercion, violence and war
- to capitalize on and unleash the value of private property
- to give gifts to those who need them, without having to identify what they need most
- to punish criminals in a humane way that focuses on compensating the victim
- to let people build on their exchange in trade to alson include exchange of values, knowledge and culture
In fact, I'm not able to wrap my mind around how a society can build something like a city without some form of efficient money.
Am I missing something in my list above?
Did this post trigger any ideas?
Feel free to let us know your thoughts, they are important to us.
Published at
2023-08-11 20:30:09 UTCEvent JSON
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"content": "I'll try to add some thoughts to a previous statement, when I wrote that our belief system is the foundation, layer zero, of civilization, while money is its cornerstone, layer one. \n\nThe viewpoint I use here is anthropologist in its nature. I choose to use this as a starting point, since understanding money as a concept IMO should be based on a much broader analysis than for instance engineering or economics.\n\nThe reason why I think money is so important for civilization is because money makes it possible \n\n- to transfer economic value quickly and over long distance\n- to preserve economic value over long periods of time\n- to give more options to participants in the game called \"the generous tit for tat\"\n- to have voluntary exchange with strangers because it takes trust out of the equation. \n- to quantify and calculate costs and interest\n- to make exponentially better use of our individual and differing talents on the basis of specialization\n- to make exponentially better use of those traits that separates us from other species, and most notably our appreciation of time preference\n- to incentivize peaceful cooperation and disincentivize coercion, violence and war\n- to capitalize on and unleash the value of private property\n- to give gifts to those who need them, without having to identify what they need most\n- to punish criminals in a humane way that focuses on compensating the victim\n- to let people build on their exchange in trade to alson include exchange of values, knowledge and culture\n\nIn fact, I'm not able to wrap my mind around how a society can build something like a city without some form of efficient money.\n\nAm I missing something in my list above?\n\nDid this post trigger any ideas? \n\nFeel free to let us know your thoughts, they are important to us. ",
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