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Gauge Theory of Economics: Difference between revisions
āāInflation
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=== Inflation === | === Inflation === | ||
{{#widget:YouTube|id=NgfMK8nhTyo}} | {{#widget:YouTube|id=NgfMK8nhTyo}} | ||
Here is shown a red curve/function, possibly representing the inflation of a currency as time progresses to the right along with a blue function representing the notion of āconstant wage.ā The concept at play is that the definition of constant depends on the faded horizontal ticks in the background space, and in the example of a wage, it makes conceptual sense to set such a notion of constant against the inflation curve rather than the axis. This represents one spirit of what is done in the ācalculus of gauges,ā and in reality we tend not to see god-given coordinate grids sprawling over space thus encouraging us to adopt a different language of geometry/calculus. | |||
== Reference Material == | == Reference Material == | ||