Category: Economics, Finance, and Political Economy

  • THE COSTS OF KNOWLEDGE TRANSFER The transfer of knowledge is dependent upon at l

    THE COSTS OF KNOWLEDGE TRANSFER

    The transfer of knowledge is dependent upon at least ten “supply demand” curves. Such that the contract (exchange) of knowledge is a function of the costs involved in an exchange. In other words, some communication is low cost and some is worthwhile, and some is very costly, and some is prohibitively costly, and some is simply impossible no matter what is done. So transfer of knowledge is one of the most complex human endeavors in no small part because of high causal density with diverse means of increasing costs.

    |METHOD| Suggest > Communicate(illustrate) > Explain > Teach > Train(Repetition) > Saturate(Immersion)

    ie: Cost—>+

    |LEARNING| Learns through inference (145+) < Learns through Suggestion(135+) < Learns through Illustration (125+) < Learns through Explanation (115+) < Learns through Teaching (105+) < Learns through Training (95+) < Learns through Immersion (85+) < Learning challenged (85-)

    ie: Cost—>+

    |ABILITY| Same Sigma > .5 Sigma > 1 Sigma(helpful) > 1.5 Sigma > 2 Sigma (Difficult)> 2.5 Sigma > 3 Sigma(~Impossible) > 3.5 Sigma > 4 Sigma(~Inconceivable)

    ie: Cost—>+

    |CONTEXT| Enemies(resisting cooperation) > Negotiation (exploring cooperation) > Discovery (cooperation) > Pedagogy (education) > Court/Jury(dispute resolution)

    ie: Cost (Consequence) —>+

    |MODEL| Impulsive(emotive) > Intuitionistic(sympathetic) > Reasonable(verbal)* > Logical-Rational(internally consistent)* > Scientific(Externally consistent) > Ratio-Scientific (Internal and external) > Testimonial (Complete)

    ie: Cost—>+

    |PRIORS| Prior Technical Knowledge < Prior Specific Knowledge* < Prior General Knowledge < Limited General Knowledge

    ie: Cost—>+

    |CONTENT| Identical < Near Identical < Analogistic < Novel < Counter Intuitive < Counter Investment < Counter Status(signal) Investment

    ie: Cost—>+

    |TRUST| Suggestibility(False Positive) > Honest-Reasonable(Exchange Positive) > “Dunning Kruger(False Negative)”

    ie: Cost—>+

    |STRATEGY| Seeking to Understand > Seeking to Disagree > Seeking to Falsify > Seeking to Deny* > Denial.

    ie: Cost—>+

    |HONESTY| Intellectual honesty > Intellectual skepticism > Intellectual Dishonesty*.

    ie: Cost—>+

    This (large) set of causal relations, illustrates the difficulty in the range of communication problems Suggesting > Communicating(illustrate) > Explaining > Teaching > Training(Repetition). And illustrates why it’s simply false to say that if one cannot understand it, one cannot explain it. Instead, it is, that all other causal axis being equal, one should be able to explain a phenomenon to a peer. But as the difference in peerage increases the problem of communication even if all participants are intellectually honest.

    Please notice the technique used, involves extensive use of deflation (reduction to first causes), use of operational (not ideal) definitions, in series(further deflating), with cost attributions. So that while we may not compute cardinality, we can calculate ordinality by triangulation. This is one of the many methods we use to limit the ability to engage in ignorance, error, bias, suggestion, and deceit.

    While I am one of the most accessible people working today, I find that the vast majority of the time, the inability to communicate ideas is almost always a function of cost of doing so. And limited knowledge, signal-anchoring, intellectual dishonesty, and dunning kruger effects, are most obvious. Why? Because either you can comprehend and refute an argument, or you can say “I do not comprehend it, and can levy no opinion.”

    There is a very great difference between the sophism of rationalism and the requirements for empirical science(external correspondence), and the requirements for ratio empirical science (add internal coherence), and the requirement for complete science (add operational, reasonable-choice, moral-reciprocal, scope completeness and limits).

    There is a reason why Rationalism is used in hermeneutic interpretation LEGISLATION and SCRIPTURE and why Ratio-empiricism is used in physical science, and why Testimony (although often poorly unarticulated in the study of law) requires operational testimony, test of the rational man, test of reciprocity, and test of full accounting and limits. Not the least of which is that words carry little decidability but property carries with it conflict and decidability.

    Why? Because the courts determine the facts (testimony and truthfulness), and then apply tests of reasonableness, reciprocity, externality, and then test them against the legislation – which is not meant to be, or practiced, as true or just, but simply the ‘rules’ of decidability in matters of conflict.

    And from this we can learn a great deal about the difference between argument in court where our frauds and deceptions will provide us with punishment, and the jury decides whether we err or deceive, and debate, where the jury decides whether we err or deceive, and petty argument where we seek to learn(test), or fraud(win), or educate(help).

    There are very few intellectually honest people in the world. There are fewer that can learn and make use of multi-dimensional (causally dense) methods of thought. And fewer who are willing to pay the high cost of attempting to articulate and teach those causally dense methods of thought that are counter to signal, norm, intuition and discipline.

    But the influence of reason(falsification), of natural law(reciprocity), of mathematics (the science of measurement), of science(empiricism-correspondence), and (hopefully, in the near future, Testimonialism) has been profound – and responsible for the great leaps in human mastery of the self, of nature, and of the universe.

    |TRUTH| {Generation 1: Heroism > Oath ‘Reporting’ > Property} > {Generation 2: Falsification > Natural Law > Mathematics} > {Generation 3: The Abrahamic Dark Age of Conflation} > {Generation 4: Empiricism > Economics > Testimonialism}

    Curt Doolittle

    The Propertarian Institute

    Kiev, Ukraine


    Source date (UTC): 2017-09-11 10:38:00 UTC

  • The Costs Of Knowledge Transfer

    The transfer of knowledge is dependent upon at least ten “supply demand” curves. Such that the contract (exchange) of knowledge is a function of the costs involved in an exchange. In other words, some communication is low cost and some is worthwhile, and some is very costly, and some is prohibitively costly, and some is simply impossible no matter what is done. So transfer of knowledge is one of the most complex human endeavors in no small part because of high causal density with diverse means of increasing costs. |METHOD| Suggest > Communicate(illustrate) > Explain > Teach > Train(Repetition) > Saturate(Immersion) ie: Cost—>+ |LEARNING| Learns through inference (145+) < Learns through Suggestion(135+) < Learns through Illustration (125+) < Learns through Explanation (115+) < Learns through Teaching (105+) < Learns through Training (95+) < Learns through Immersion (85+) < Learning challenged (85-) ie: Cost—>+ |ABILITY| Same Sigma > .5 Sigma > 1 Sigma(helpful) > 1.5 Sigma > 2 Sigma (Difficult)> 2.5 Sigma > 3 Sigma(~Impossible) > 3.5 Sigma > 4 Sigma(~Inconceivable) ie: Cost—>+ |CONTEXT| Enemies(resisting cooperation) > Negotiation (exploring cooperation) > Discovery (cooperation) > Pedagogy (education) > Court/Jury(dispute resolution) ie: Cost (Consequence) —>+ |MODEL| Impulsive(emotive) > Intuitionistic(sympathetic) > Reasonable(verbal)* > Logical-Rational(internally consistent)* > Scientific(Externally consistent) > Ratio-Scientific (Internal and external) > Testimonial (Complete) ie: Cost—>+ |PRIORS| Prior Technical Knowledge < Prior Specific Knowledge* < Prior General Knowledge < Limited General Knowledge ie: Cost—>+ |CONTENT| Identical < Near Identical < Analogistic < Novel < Counter Intuitive < Counter Investment < Counter Status(signal) Investment ie: Cost—>+ |TRUST| Suggestibility(False Positive) > Honest-Reasonable(Exchange Positive) > “Dunning Kruger(False Negative)” ie: Cost—>+ |STRATEGY| Seeking to Understand > Seeking to Disagree > Seeking to Falsify > Seeking to Deny* > Denial. ie: Cost—>+ |HONESTY| Intellectual honesty > Intellectual skepticism > Intellectual Dishonesty*. ie: Cost—>+ This (large) set of causal relations, illustrates the difficulty in the range of communication problems Suggesting > Communicating(illustrate) > Explaining > Teaching > Training(Repetition). And illustrates why it’s simply false to say that if one cannot understand it, one cannot explain it. Instead, it is, that all other causal axis being equal, one should be able to explain a phenomenon to a peer. But as the difference in peerage increases the problem of communication even if all participants are intellectually honest. Please notice the technique used, involves extensive use of deflation (reduction to first causes), use of operational (not ideal) definitions, in series(further deflating), with cost attributions. So that while we may not compute cardinality, we can calculate ordinality by triangulation. This is one of the many methods we use to limit the ability to engage in ignorance, error, bias, suggestion, and deceit. While I am one of the most accessible people working today, I find that the vast majority of the time, the inability to communicate ideas is almost always a function of cost of doing so. And limited knowledge, signal-anchoring, intellectual dishonesty, and dunning kruger effects, are most obvious. Why? Because either you can comprehend and refute an argument, or you can say “I do not comprehend it, and can levy no opinion.” There is a very great difference between the sophism of rationalism and the requirements for empirical science(external correspondence), and the requirements for ratio empirical science (add internal coherence), and the requirement for complete science (add operational, reasonable-choice, moral-reciprocal, scope completeness and limits). There is a reason why Rationalism is used in hermeneutic interpretation LEGISLATION and SCRIPTURE and why Ratio-empiricism is used in physical science, and why Testimony (although often poorly unarticulated in the study of law) requires operational testimony, test of the rational man, test of reciprocity, and test of full accounting and limits. Not the least of which is that words carry little decidability but property carries with it conflict and decidability. Why? Because the courts determine the facts (testimony and truthfulness), and then apply tests of reasonableness, reciprocity, externality, and then test them against the legislation – which is not meant to be, or practiced, as true or just, but simply the ‘rules’ of decidability in matters of conflict. And from this we can learn a great deal about the difference between argument in court where our frauds and deceptions will provide us with punishment, and the jury decides whether we err or deceive, and debate, where the jury decides whether we err or deceive, and petty argument where we seek to learn(test), or fraud(win), or educate(help). There are very few intellectually honest people in the world. There are fewer that can learn and make use of multi-dimensional (causally dense) methods of thought. And fewer who are willing to pay the high cost of attempting to articulate and teach those causally dense methods of thought that are counter to signal, norm, intuition and discipline. But the influence of reason(falsification), of natural law(reciprocity), of mathematics (the science of measurement), of science(empiricism-correspondence), and (hopefully, in the near future, Testimonialism) has been profound – and responsible for the great leaps in human mastery of the self, of nature, and of the universe. |TRUTH| {Generation 1: Heroism > Oath ‘Reporting’ > Property} > {Generation 2: Falsification > Natural Law > Mathematics} > {Generation 3: The Abrahamic Dark Age of Conflation} > {Generation 4: Empiricism > Economics > Testimonialism} Curt Doolittle The Propertarian Institute Kiev, Ukraine
  • I like goldmoney myself, and I feel better that it’s on the channel islands, but

    I like goldmoney myself, and I feel better that it’s on the channel islands, but it is a physical asset that can be ‘taken’.

    The virtue of a purely digital fractional token money substitute (cryptocurrency), is that you can’t fuck with it without destroying it.

    So I would treat them as separate tools. I like buying fractional shares of gold. Especially if enough people can buy into it. I like it very, very much. I like a pure fractional share of a network (fractional shares used as token money substitutes), for monetary purposes. I like digital titles (blockchain titles). I like fractional shares in businesses traded on fractional share markets.

    So I love the concept of digital fractional shares in general.

    The problem is that the technology is simply not there yet – and when it IS there I am not sure how it’s going to be different than parallel transactional databases with independent ‘shareholders’ holding each of those databases, and requiring reciprocal keys to record a transaction.

    So I think most of this tech is replaced when someone with enough money to put that infrastructure into place (banks or states) does that instead, and because of that, banks and states function as insurers of last resort.

    I am actually kind of surprised that the obvious parties have not suggested this solution already (ibm / oracle). I suspect that the reason they don’t, is that their major clients are financial institutions.


    Source date (UTC): 2017-09-02 14:53:00 UTC

  • SIMILARITIES AND DIFFERENCES IN MARKETS. We are all the same in the market for c

    SIMILARITIES AND DIFFERENCES IN MARKETS.

    We are all the same in the market for consumption.

    We are all the same in the market for the resolution of disputes.

    We are not the same in the market for the production of normative commons (Polities)

    We are not the same in the market for production of goods, services, and information (the commercial market)

    We are not the same in the market for micro-polities(neighborhoods).

    We are not the same in the market for families (reproduction)

    We are not the same in the market for friends.

    As individuals we are the same.

    As groups we are different.

    It’s not complicated.

    And that we can all transcend into the

    gods we imagine if we practice truth,

    reciprocity, natiotnalisrn, and a gentle

    reduction of the size of our underclasses.


    Source date (UTC): 2017-09-02 11:44:00 UTC

  • the crypto market, especially if (a) there are no more big thefts, and (b) some

    the crypto market, especially if (a) there are no more big thefts, and (b) some of the tech problems are solved, (c) will continue to grow. It’s not a matter of whether it will grow now. It’s a matter of whether 1) bitcoin will be replaced, or 2) the government takes it over or hyper regulates it, 3) or regulates it into a crash. I can promise you that it will be regulated. I can almost promise you that the govt will resort to some sort of BTC like currency at some point in the future because it’s simply too cheap and information-producing compared to paper and credit fiat money. And so for the near term I would consider it a short term speculative investment opportunity if bought on the dips AND if you are keeping track of competitors that solve the technological problems – including proof of work, zeroing at a certain market value/accumulating fragment-values, and archiving (cataloging) chains.


    Source date (UTC): 2017-09-02 11:38:00 UTC

  • “All one needs to do is apply a little propertarian analysis to understand the h

    —“All one needs to do is apply a little propertarian analysis to understand the hype behind Bitcoin. It is a wider push by sovereign men against the establishment in a digital format. It’s Acquisitionism… but they are acquiring code, binary nothingness.”—Nick Zito


    Source date (UTC): 2017-09-01 10:44:00 UTC

  • Watch housing and consumer spending and sentiment. Watch purchasing manager inde

    Watch housing and consumer spending and sentiment. Watch purchasing manager index. I bet on august, but it might take until October.

    We are going to get the correction that will increase consumer anxiety


    Source date (UTC): 2017-08-23 21:31:00 UTC

  • RT @FactTank: The U.S. national debt is now bigger than its gross domestic produ

    RT @FactTank: The U.S. national debt is now bigger than its gross domestic product. 4 other facts about the national debt: https://t.co/NWx…


    Source date (UTC): 2017-08-20 00:30:46 UTC

    Original post: https://twitter.com/i/web/status/899066142555242497

  • Retweeted PewResearch FactTank (@FactTank): The U.S. national debt is now bigger

    Retweeted PewResearch FactTank (@FactTank):

    The U.S. national debt is now bigger than its gross domestic product. 4 other facts about the national debt: https://t.co/NWxofaZzDo https://t.co/1IN2Ffadic


    Source date (UTC): 2017-08-19 20:30:00 UTC

  • THE DOWNSIDE OF ‘MARKETS IN EVERYTHING’ The west ascended quickly in three eras

    THE DOWNSIDE OF ‘MARKETS IN EVERYTHING’

    The west ascended quickly in three eras by superiority in the combination of culture, technology, and warfare to create markets, and has been defeated in those three eras for the same reason: markets are an addition that are not limited to the consumption of accumulated genetic, normative, institutional, territorial capital.


    Source date (UTC): 2017-08-18 10:49:00 UTC