Saturday, November 14, 2009

Incommensurable systems and value calculi

Incommensurable systems exist when there is no common measure. Human beings with different genetic makeup, different databases and different histories are to a significant degree incommensurable systems. Yet we communicate. We participate in markets. How is this done?
There are two parts to this phenomenon - coincidence and value calculi. When two incommensurable systems coincide they 'agree' on some aspect of existence. Such coincidence is the precondition for the generation of brokered values, the marketplace, and the creation of an accepted value calculus which represents the values so generated on a relative scale.
Language is a value calculus. So is money. They exist not as common measures but as the representation of values brokered in marketplaces, whether the university or Wall street.
These values are generated in transactions between incommensurable systems which have achieved significant ad hoc coincidence. These transactions describe a market which the value calculus orders.
These concepts are simple yet powerful in their comprehensive scope, in their coherent structure and their universal utility.
Do well and be well.
'Chances Basil Brylcreem' on http://www.amazon.com/books

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