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Philosophy

Costs and Priorities

“Supply and Demand” assumes resource relationships(ownership), and social expectations(market exchange), that aren’t always valid or appropriate. “Costs and Priorities” is a generalized, universal framework for understanding social choices and resource limitations.

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Philosophy

Derek McDaniel in Costs and Priorities

Jun 22, 2017

Constraints and Objectives: Complementary Aspects Of Choice

Constraints and objectives are the two complementary aspects of choice rationalization.

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Derek McDaniel in Costs and Priorities

Apr 22, 2017

Can people do “Anything they want?”

Identifying all human causes while assessing limits of capability presents a broad range of possibility.

Derek McDaniel in Costs and Priorities

Feb 14, 2017

Desire, Fear, and Pain are Three Forms of Partial Knowledge

Economics depends on principles of self, which are often explored in spiritual traditions. Philosophy and math must work together to resolve…

Derek McDaniel in Costs and Priorities

Jan 25, 2017

Economics is the Science of Choice

Economics is the science of choice: how choices get resolved, their significance to those choosing, and their implications and consequences.

Identity is defined by the ability to choose. We have identity both as individuals and groups. Both…

Derek McDaniel in Costs and Priorities

Jul 29, 2016

Human Actions

Last time I talked about physical, informational, and virtual systems.

Summarizing, information is an abstraction of physical configuration, and computation is an abstraction of physical interactions or physics. These abstractions are used to discuss physical phenomenon while…

Derek McDaniel in Costs and Priorities

Jul 26, 2016

Physical and Virtual Things and Information Systems: PART 2

In Part 1 I talked about physical and virtual things. I said I would provide definitions of these terms.

If my ideas fail to be perfect defintions, they can, at least, serve as useful descriptions…