An Examination of Economic Value, Power, and Trust with Denise Hearn (WiM154)

Economist Denise Hearn joins me for an in-depth conversation that delves into the many faces of the economy and value—we discuss the slippery definitions of wealth, cognitive awareness, and how these concepts relate to the individual.

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GUEST
Denise’s Twitter: https://twitter.com/denisehearn_
Denise’s Newsletter: https://embodied-economics.ghost.io

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Introducing Denise’s Work on Anti-Monopoly
00:03:12 Traditional Proxies of Economic Value and Power
00:10:10 Downward and Upward Causations in Markets
00:14:55 Internal Influences External: How Societal Values Shape Cities
00:21:21 A Blind Man and a Moth: Extending the Cognitive World Beyond the Human Body
00:28:22 Deciphering Real and Unreal in a World of Schrödinger’s Cat
00:35:05 Using Rational Choice Theory Why Would Someone Buy a Purse Made of Trash?
00:41:52 Dissecting Physical Power and Political Power
00:48:34 Growthless Asset Maximization: How Companies Make Money
00:53:49 Concentrated Industries and Monopoly Puts Power in Fewer Hands
00:57:58 Is it too Simplistic to Create Policies Around a Core Productivity Metric?
01:05:28 Incentivizing Consumption By Placing a Tax on Currency
01:11:06 Centralization and Decentralization: The Systole and Diastole of Human History
01:18:28 Bitcoin Incentivizes Wealth Acquisition via Self-Production
01:22:23 Are Bitcoin and Smart Contracts a Window to a New Governance Model?
01:27:47 NYDIG
01:28:54 “Bitcoin is Optimized for the Self-Interest of Holders”
01:33:05 Trust as a Concept for the Meta-Narratives of Our System
01:43:08 Do We Act Out of Self-Interest or for the Collective Benefit?
01:47:57 How Would We Implement the Building Blocks of an Optimized Collective?
01:52:44 Identifying the Proxy for Wealth as Knowledge and Capital
02:00:09 Measuring Productivity and the Individual: Is it still of Value if it is Unseen?
02:04:44 Is Life Happening Within a Simulation
02:11:08 Questioning Life Detracts from What it Means to Be Alive
02:16:02 "What is Money?" Outro

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