Episode notes
Ben Lyons recently gave a talk on Michael Levin's Academic Channel with his theory that price in economics relates to Levin's theory of bio electricity as the cognitive glue of collective intelligence. Marcus Shera, expert in Austrian Economics, joins us to discuss this theory and how it might apply to the wider view.
Timestamps:
0:00 Introductions
04:28 Exploring the Concept of Value in Economics and Biology
19:47 Discussion on Cellular Level Decision Making
24:02 Brain Function and Finance Analogy
29:15 Economic Perspectives and Transaction Costs
39:05 Computational Irreducibility and Reducibility
41:30 Contracts and Social Institutions
52:32 Discussion on the Role of DNA in Biological Systems
58:20 Discussion on Subjective Theory of Value and Scarcity
1:02:48 Discussi ...
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