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there are 10+ lectures and papers on the subject. The very first lecture starts with: >Money can be recognized as a technological development comparable to th
by jipsom 11y ago
there are 10+ lectures and papers on the subject. The very first lecture starts with:
>Money can be recognized as a technological development comparable to the wheel and of similar antiquity.
Nash proposes we can use science and reason to rationally evolve the circumstances and underlying tech that is money.
There is a specific paragraph in which he explains Keynesian banking is central banking.
He doesn't say he doesn't like printing money, he notes the relationship between supply and the quality. And that by controlling supply you can control quality.
There is no rigorous model for your eyes but if you know ANYTHING about this mans work you could be rest assured that he is thinking of something incredibly accurate and technological.
Here is his basic concept for a network of computers designed as a future ai system that we haven't reached yet: http://web.math.princeton.edu/jfnj/texts_and_graphics/Main.Content/Various_Etc./RAND/k1361.a20 http://web.math.princeton.edu/jfnj/texts_and_graphics/Main.C...
Nash designed that in the 50's
In Ideal Money Nash proposes that the advant of an electronic money in the form of a stably issued money supply will asymptotically take the power out of governments and central banks to print money.
You sir, are simply oblivious to reality.
Read it again!
Btw Nash's solutions and triumphs in game theory from 70 years ago are MASSIVE contributions to not only economics but nearly all sciences: http://www.eecs.harvard.edu/cs286r/courses/spring02/papers/nash50a.pdf http://www.eecs.harvard.edu/cs286r/courses/spring02/papers/n...
- skilesare 11y agoAny idea on where one can find the whole corpus of what Nash put together? I've seen the paper and the youtube, but that is most of what I can find.
- jipsom 11y agoHere is the best I could put together: https://thewealthofchips.wordpress.com/2015/05/07/the-levation-of-ideal-money/ https://thewealthofchips.wordpress.com/2015/05/07/the-levati... My understanding: https://thewealthofchips.wordpress.com/2015/07/09/the-totality-of-the-proposal-ideal-money/ https://thewealthofchips.wordpress.com/2015/07/09/the-totali... A summary: https://thewealthofchips.wordpress.com/2015/07/12/a-general-summary-for-john-nashs-proposal-ideal-money/ https://thewealthofchips.wordpress.com/2015/07/12/a-general-... I've put together the best and most relevant quotes I could in relation to emerging economics. But otherwise there is nothing put together. Ideal Money the 8 page lecture is the real treasure but its very dense if you really go into the meaning of everything.