Gauge Theory of Economics: Difference between revisions

Line 15: Line 15:
=== Inflation ===
=== Inflation ===
{{#widget:YouTube|id=NgfMK8nhTyo}}
{{#widget:YouTube|id=NgfMK8nhTyo}}
(Video from [https://geometricunity.org/pull-that-up-jamie/ Pull that up Jamie])
(Video and text from [https://geometricunity.org/pull-that-up-jamie/ Pull that up Jamie])


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 ā€œconstant 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 ā€œcalculus 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.
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 ā€œconstant 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 ā€œcalculus 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.