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Ronald Vallecer

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That perspective margins is a better measure of wealth than current monetary based systems

Perspective margins is that which makes one feel poor either by comparison, satiation of reward appreciation or lack of appreciation. Though it is hard to put a number to it, perspective margins is hinged on an emotional response so strong that it takes very little training to verbally report. And unlike money which is a zero sum based unit of wealth, often making it hard or sometimes impossible to acquire in satisying quantities, Pmargins is all about universal empowerment, the idea that one can affect inter and external socio infrastructure framework to regulate Pmargins.

Pmargins have existed a lot longer than money has, in fact money works under the premise of Pmargins. Time is up!!

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    • Dec 11 2012: Because "marginal utility" shifts the focus back to the use of money, Pmargin keeps the focus on the personal experience and how it translates to those in society. Everyone already does it, but since it hasn't been a focus of society, it hasn't been systematically documented or given an official value. Think about it, a person who is considered unemployed is categorised so because of his or her monetary earning value. The label "unemployed" has such a negative social stigma both to the person and the economy. On the other hand, if we start paying more attention to Pmargin rather than monetary value of activity, positive and negative values are more formative and their summative value is also more meaningful. Buying a chocolate bar and consuming in itself is not a complete Pmargin, the amount of satisfaction derived form both the purchase and the consumption all falls under one category in the Pmargin, which is the Reward section. Everyone in this world sets a certain amount of their time for leisure or reward, the Pmargin can be calculated through the optimum levels of satisfaction based on frequency.
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        Dec 11 2012: so you want to retire the word "utility", and put "perspective" in its place, just because utility has bad reputation? i don't think it is necessary. inventing new words for old concepts does not help understanding.
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          Dec 12 2012: "and at this point, opinions diverge."

          I believe you understand my point, as you have studied economics. In any field, there is material grounded in basic understanding that a person in that discipline or out might come to reject. Indeed that is how theories can be modified in a discipline over time.(The same is true in a science). What may not be entirely peculiar to economics but is conspicuous to it is that many people dismiss the idea of actually studying it because of some convenient misconception about what sorts of ideas they believe economics cannot address. For example we have the concept of "utility" you raised in reply to Roald. Many people assume that economics concerns itself only with money and assumes no one values anything else. Because people, in fact, value other things, this misconception about economic models causes some people to decide the whole discipline is useless in understanding human behavior and therefore not worthy of understanding.
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        Dec 11 2012: The concept of marginal utility, or of utility, is not about money but rather about value. You can talk about the marginal utility of increasing the number of books you have by one, or of eating a hamburger, or of attending a dance.
        • Dec 11 2012: I'm up early reading about margin utility and thr diminishing returns or the marginal decision rule that states consumption value must equal cost and I'm led to think that their is an overlap between Pmargins and margin utility, goods and services both havr Pmargins and margin utility, but the main difference is how much influence humans can make to the equation. In utiliy margin, abstinence or consumption to affect frequency that then translates to margin utility depending on cost. Pmargin takes into consideration not only the transaction itself but also the design in which the consumer understands or the awareness of what value the transaction will bring. In otherwords, a person who has premeditation of high Pmargin values for work + purchase of reward + work + consumption of reward will still have a higher net Pmargin than a person who did all four without planning because of the added Pmargin value to goal achievment that requires systematic understanding and awareness of the design.
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        Dec 12 2012: Reading is always a good move. Lots of people think they understand economics and economic models well before they do. Study is the best remedy, but make sure you are reading good stuff.

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