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"In fact, one might call Gresham’s Law something of a special case of natural selection itself. Forms of human behavior survive because they have a competitive
by aaron695 7y ago
"In fact, one might call Gresham’s Law something of a special case of natural selection itself.
Forms of human behavior survive because they have a competitive edge against other behaviors. Self-interested groups naturally tend towards what works, so bad drives out good (in a moral sense) if it causes superior practical effects."
Except we have morals. So no this is a really poor example.
If anything our morals are what's holding up back. a 100,000 year old concept that works well in a village where you live day by day but has little use in the modern world where we can use numbers to tell us the best course of action.
- quantified 7y agoDefine “we”. Pick any group of 500, actual practiced morals will vary widely in that group. Apathy with respect to morals is a big problem, it’s letting moral lapses slide from convenience that allows much degradation to occur. And the “righteous” that would point out lapses are often at least viewed as cranks, unless they have a deft touch.
- dredmorbius 7y agoMy view is that Gresham's Law often serves as a complexity constraint within a selection. process. Given two (or more) means to some end, the mean with the fewest constraints, lowest cost, or least complexity, all else equal, tends to succeed. Interesting case is where least constraints, costs, and complexity are distributed among several alternatives.