Gauge Theory of Economics: Difference between revisions
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Gauge theory is all you need to break out of the economics flatland. The following is an equation that Eric Weinstein talked about. We are going to break it down together and picture the meaning of each part in a geometrical way. The ramifications of this job will be interesting for the present economics community. | Gauge theory is all you need to break out of the economics flatland. The following is an equation that Eric Weinstein talked about. We are going to break it down together and picture the meaning of each part in a geometrical way. The ramifications of this job will be interesting for the present economics community. | ||
$$q = \frac{\bar{p} | $$q = \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} } \bar{q} + (q - \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} }) \bar{q}$$ | ||
Where we label the first term as along reference basket and the second one as barter. | Where we label the first term as along reference basket and the second one as barter. | ||
Revision as of 23:05, 9 February 2020
Gauge theory is all you need to break out of the economics flatland. The following is an equation that Eric Weinstein talked about. We are going to break it down together and picture the meaning of each part in a geometrical way. The ramifications of this job will be interesting for the present economics community.
$$q = \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} } \bar{q} + (q - \frac{ {\bar{p}}\cdot{q} }{ {\bar{p}}\cdot{\bar{q}} }) \bar{q}$$
Where we label the first term as along reference basket and the second one as barter.
Supplemental materials
- A Science Less Dismal: Welcome to the Economic Manhattan Project — http://pirsa.org/09050047
- Gauge Theory and Inflation: Enlarging the Wu-Yang Dictionary — https://youtu.be/h5gnATQMtPg
- Stanford University: Systems Architecture, Kabuki Capitalism, and the Economic Manhattan Project — https://youtu.be/4_brHQRMu9k