/lit/ - Literature

>>22670802
>The capital value of tools/machinery is easy to quantify,
Yet your 'quantifications' have absolutely zero empirical relevance >>22669408 >>22668843
The power of Saturn upon your fate is easy to quantify, too. And absolutely zero empirical relevance. Hence, astrology.

>using mathematics in a bogus field of enquiry
entails that the quantified power of Saturn has only anthropological value of observation upon the quantifying retards. (pic related)

That still doesn't answer, how do machines enter the picture. And why do they really need to.

>The point I made doesn't run counter to the idea that you can differentiate between the cost of a machine at a given time and the value it is able to produce at another.
You cannot compute the value you think it is producing. Because you cannot define WHAT is producing WHAT, imbecile.
You cannot define neither tech per se (>>22669059 pic), nor even attribute inputs to outputs inside a black box (>>22666802 pic) that allegedly does the producing.

Hence you can only point at prices/costs. But that is precisely the problem, that I keep addressing, retard. There is no 'real' phenomena you can measure.

(And to elaborate for simpletons: no, I am not saying that machines do not exist. I understand that I am saying right now something super complicated for your 2-digit-iq brain, but bear with me:
1. There is no 'real' phenomena measured in economics.
2. no, I am not saying that sawzalls do not exist. I am saying there is a reason why you can price the sawzalls, but not breathable air.
Access restriction, capiche?)

>its lifetime output
>>22668647 pic. You are really incapable of learning, aren't you?

>To sum up you're an idiot
No, you.

>>22605165
>practically everything you see is produced by multiple capitals that compete over customers through pricing and cost minimization.
Pricing is a *power* phenomenon. Multiple capitals are competing differentially to some average Fortune 500 score. Not because of labor time in commodities, not because of utilities in desires even, but because of a random religious belief in mana/prices.

Meaning, it is not a law of nature, but simply an ethos/ritual. And rituals aren't the most systematical things.

>>22303445
>what is economics
Anthropological studies on the behavior of the practitioners of the Mammon-worship ritual

>>21896277
https://economicsfromthetopdown.com/2020/09/04/stocks-are-up-wages-are-down-what-does-it-mean/

"If this ritual seems arbitrary, that’s because it is. There’s nothing objective about the capitalization formula. It doesn’t point to any fundamental truth about the world, either natural or social. The capitalization formula is simply a ritual — an article of faith.

This arbitrariness doesn’t lessen the importance of capitalization. Far from it. Rituals are always arbitrary. But their effects are always real. Just ask Bob, who’s about to be ritually sacrificed to appease the god of rain. The ritual is arbitrary — founded on a worldview that is false. Killing Bob won’t bring rain. But the rulers believe it will. And so Bob dies. The ritual is arbitrary. The effects are real."

>>21837859
>if I wanna get an idea of how economics work?
Just jump around this blog.

https://economicsfromthetopdown.com/2020/09/04/stocks-are-up-wages-are-down-what-does-it-mean/
https://economicsfromthetopdown.com/2021/11/24/the-truth-about-inflation/
https://economicsfromthetopdown.com/2021/09/27/di-muzio-on-sabotage/

>>21035958
>Is there charts for economics? Can you give me your essential books
Start with this video, explaining why mainstream economics ain't gonna work.
https://www.youtube.com/watch?v=LsUS3ynhAKY
Read this article for more details and charts:
https://evonomics.com/what-do-economists-mean-when-they-talk-about-capital-accumulation/

Next, read this article, explaining that economics is more of an anthropological ritual, rather than an actual science.
https://economicsfromthetopdown.com/2020/09/04/stocks-are-up-wages-are-down-what-does-it-mean/
You may also skim through this one, explaining why Milton Friedman sucks balls (therefore, allowing you to disregard Austrian School cretins)
https://economicsfromthetopdown.com/2021/11/24/the-truth-about-inflation/

As for actual academy books, giving you the gist, check these:
Bernstein P.L. - A Primer on Money, Banking, and Gold (2008)
Di Muzio Tim, Robbins Richard H. - An Anthropology of Money. A Critical Introduction (2017)
Hill R., Myatt A. - The Economics Anti-Textbook. A Critical Thinker's Guide to Microeconomics (2010)
Keen Steve - Debunking Economics. The Naked Emperor Dethroned (2011)

Fix B. - Rethinking economic growth theory from a biophysical perspective (2015)
Nitzan J., Bichler Sh. - Capital as Power. A Study of Order and Creorder (2009)
Robbins R.H., Di Muzio T. - Debt as Power (2016)
Di Muzio T. - Carbon Capitalism. Energy, Social Reproduction and World Order (2015)
Di Muzio T. - The tragedy of human development. The genealogy of capital as power (2018)

>>20510976
>No one cares about this.
Precisely. Everyone cares about summon the rain for crops via human sacrifice to the god of rain. Who the fuck cares that the gods do not exist!

>No reason to waste any more time with you because clearly you're
And YOU are a shaman. What you do, is not a science, at all. The REAL economy science would be a zoological observation of cretins like you.