Sublime

Money is an information system that records and updates who has done work that is valued by others, such that credit can be universalized and socially scaled.

The central relationship that money crystallizes is between lender and borrower.

his human flock, and it was thus right and natural for his subjects to obey him

So, awareness of the problem, a common knowledge, awareness that others know, you know that the others are aware of the problem, the generation of common knowledge.

studying the motivations of individuals in isolation: the patterns we see are a fundamentally social affair. More, as Anderson

Mais est-ce pour autant la fin du game vis-à-vis du pouvoir d’évaluation des marchés ? L’amélioration des conditions de financement des gouvernements persiste à être conçue comme un « effet secondaire » de la nouvelle orthodoxie financière publique-privée : s’il faut préserver la valeur des obligations d’État, c’est uniquement parce qu’elles

publicly visible.

The Standard Approach 1. Well-define a situation as a logical problem. 2. Assume identical agents who behave identically, rationally, and who know that other agents are identical and behave identically and rationally. 3. Assume agents’ behavior produces an aggregate outcome that validates their individual behavior. 4. The problem becomes