🧵 The future is barter
Anonymous at Thu, 18 Jul 2024 17:23:03 UTC No. 16287467
Lets compose a graph together
A node is a tradable object
If you want to sell something add the node to the list and draw a green vertex away from it
If you want to buy something, add the node to the list and draw a red arrow going towards it
Lets do it for every item at market on the planet
Now, ask a super quantum computer match a node with a green stick with a red stick and find the permutation of the graph that Maxes connections
The graph topology that has the most connections is economically most efficient
Anonymous at Thu, 18 Jul 2024 17:47:42 UTC No. 16287492
>>16287467
>survey more than 4,500 finance professors and find that of the nearly 650 usable responses....
Kek
Anonymous at Thu, 18 Jul 2024 18:20:48 UTC No. 16287526
>>16287492
Indeed, weak and strong form efficiency lacks a proper means of measurement, so economics resorts to the feelings of its peer group
What one can say though, is that informationally supply demand equilibrium cannot be obtained with merely single coincidence of wants. After all chemical equilibrium is a forward and reverse reaction happening at equal rates. Plotting P(q) against q orthogonally is mute as there are not covariant by definition. Let even touch positive divegence in the money supply breaking the price finding assumptiom of the invisible hand.
No, what we can do is admit well never know if the market is efficient or not because at the margin calculating that is harder than buying or selling a good
Wjat we can do is redefine equilibrium as max connections im a combinatorial optimaization problem similar to travelling salesman on a quantum computer. The graph that matches the most buys with the most sells is defined as the economically efficient allocation, and that can happen at the same rate as trade time
Anonymous at Thu, 18 Jul 2024 18:54:06 UTC No. 16287561
>>16287467
>Now, ask a super quantum computer match a node with a green stick with a red stick and find the permutation of the graph that Maxes connections
You are at least 100 years too late, and might be as much as 250 years late.
Mathematical models of barter were invented in France around the 18th century. They evolved into input-output models, which are described as a very large matrix. Its used for planning central economies or it can be used to analyze free market economies.
Soviets had a matrix with over 10.000 rows and columns. It was handled by GOSPLAN.
The Bureau of Economic Analysis publishes such a matrix for the USA, it comes in coarse and fine versions, with more data aggregated for the coarse version (fusing together rows or columns).
>computer
Soviets had such a computer that could do the linear algebra
Anonymous at Thu, 18 Jul 2024 18:58:17 UTC No. 16287570
>>16287561
That's actually pretty cool and I did not know that.
Anonymous at Thu, 18 Jul 2024 19:04:08 UTC No. 16287582
>>16287561
Modern versions are used by multi trillion asset houses like alladin
This one should be the first to solve the np hard problem in polynomial time
Anonymous at Thu, 18 Jul 2024 19:29:17 UTC No. 16287622
>>16287570
https://www.bea.gov/itable/input-ou
So the idea is to describe the economy as a discrete amount of sectors that make products that are consumed by the other sectors, and also consume products.
For example, the construction sector makes houses and buildings of every kind, used by everyone else, and they consume things like cement, wood, machinery, etc.
You map these relations in a matrix form, columns indicate products used, rows indicate products provided to others
Because its all a barter, the money value of the things taken and given by each industry must be equal. Soviets did this calculation with units of material supply, without abstracting anything with "money value". Things in the matrix had to make physical sense, like the steel industry could only output X units of steel if it also consumed Y units of iron ore Z units of coal, F units of transports, and so on.
Anonymous at Thu, 18 Jul 2024 19:38:00 UTC No. 16287631
History was never barter within your tribe and community you just had debts and favours.
You woul only do something like barter with outsiders at best
Anonymous at Thu, 18 Jul 2024 19:41:58 UTC No. 16287638
>>16287631
barter is implicit, you are just no keeping accurate score but people that only take in a community would be ostracized. People are expected to give and take within reason and expectations
Anonymous at Thu, 18 Jul 2024 19:44:38 UTC No. 16287639
>>16287638
well yeah but the concept of bartering a chicken for a knife or something is not historically accurate but an artifact of economics books.
at least that's what I learnt from debt the first 5000 years
that and the ancient irish used slave girls as currency.
Anonymous at Thu, 18 Jul 2024 19:49:35 UTC No. 16287650
>>16287639
This was the guy, I think he died a couple of years ago.
https://www.youtube.com/watch?v=LxJ
https://www.youtube.com/watch?v=CZI
Anonymous at Thu, 18 Jul 2024 19:52:04 UTC No. 16287653
>>16287639
Might be more practical seen as people doing their duty.
For instane my mom used to keep a clean house, make meals for everyone, do laundry, all household chores. She didnt keep a score, it was her duty, my dad did his duty, me and my siblings did our duty. When each does his duty no one is being taken advantage off
Anonymous at Thu, 18 Jul 2024 20:00:33 UTC No. 16287667
>>16287622
No barter cannot be implicit, that is the point. Double coincidents of wants musg be preserved at every transactional state, otherwise the syatem loses the information required to comfirm the allocation of resources is strong form efficient at each state change of the market
Only having an agent with a clockstoppers watxch doing thw meticulous task of finding 5/8ths of a cow for 41.6 bags of grain, for 1.2 wrist watches for 40 hours of cleaning services can this be attained
Thankfull with quantum computers and modelling a barter market as a combinagorial optimization problem on a hypergraph will this be acheived. Conveinwnce is mever free, single of coincidents of wants just provides the forward reaction rate, you need forward and backward reaction rates to assert equilibrium
Input output, markov chains using money prices (especially not hard money prices) cant be as efficient as this
Anonymous at Thu, 18 Jul 2024 20:02:04 UTC No. 16287672
>>16287667
are you a suicide survivor?
Anonymous at Thu, 18 Jul 2024 20:02:08 UTC No. 16287673
>>16287650
Rip david graeber
https://youtu.be/K0t50D4lQr
Anonymous at Thu, 18 Jul 2024 20:06:09 UTC No. 16287679
>>16287672
Same name in name field as you
Anonymous at Thu, 18 Jul 2024 20:07:32 UTC No. 16287683
>>16287673
Your link is bust
Anonymous at Thu, 18 Jul 2024 21:59:43 UTC No. 16287798
>>16287683
https://youtu.be/K0t50D4lQrs
Thx, removing tracking query param deleted toomuch