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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 12 2012: @Fritzie Reisner:

    "I believe you understand my point"

    surely, and i agree. just added a note.

    "that many people dismiss the idea of actually studying it because of some convenient misconception"

    indeed. we are on the same page here. however, if someone finally decides to study the physics proper, he can know where to go. but if someone decides to study economics, he will face the rather troublesome situation that even professionals disagree in basic things, and there are alternative schools making just as much or more sense. and also, one needs to be blind not to see that physics works. 800m high buildings, space ships, x-ray and mri devices all do what they supposed to do. however any successful application of economics is yet to be seen. on the contrary, we see widely accepted theories fall flat on their face all the time.

    so i'm not saying that disregarding theory is a good thing. but i understand where they are coming from.
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      Dec 12 2012: I understand where they are coming from also.

      A difficult idea to convey, often, is the idea that models in a discipline can be useful even if they do omit some features of a complex situation.

      I see some fields many people believe they understand long before, or much better than they do. Economics is one. You have seen how many people are utterly persuaded by such economics as is put forward in the Zeitgeist movie.

      While people tend to accept that they know little mathematics, a -to me- surprising number of people accept themselves as educated in physics or in educational systems and pedagogies.

      But the study of economics is often summarily dismissed or substituted with reading/accepting popular material that stands on a foundation of a few toothpicks.
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        Dec 12 2012: maybe it has something to do with this

        http://xkcd.com/451/
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          Dec 12 2012: That's extremely funny. I will be sending this to a buddy of mine at MIT (who is a leader in his field but has just this type of sense of humor). This comic has tremendous potential for expansion to other disciplines. Let me know if you come up with a short quip for economics.
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        Dec 12 2012: for the record, i'm not creative enough to come up with such things. i'm just a consumer of these.
      • Dec 14 2012: Hi Fritzie,

        My ignorance of economics is enormous, but in the one class I took it was pointed out on day one that economics is about values, not money.

        Many people posting on TED seem to think that our economic system is "monetary based" and that seems completely wrong to me. Would this analogy make sense?: If our economy is based on money, then mammals are based on blood. What are your thoughts?
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          Dec 14 2012: I would have thought that any economics class would address this matter on the first day, but my first such course was so long ago, I cannot remember.

          I don't think your analogy quite works. Mammals all have blood, and yet there have been exchange economies that have not used money in the sense in which we mean it today. Money is a means of streamlining and reducing the cost of transactions involved in exchange. Transactions involving exchange are the fundamental economic idea, with such exchanges driven by value in the sense of benefit/utility.

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