Thursday, September 11, 2008

Addenda 3

There are two ways to find one's self more effectively wealthy than ever the case previous.

1) more work
2) more risk.

Work, as the primitive commodity, is clearly the most fundamental measurement of value.
But risk, as the willingness to provide work on speculation, may also be rewarded with an estimation of value.

One's work ought to provide for one's needs of preservation through nourishment and protection.
If one's labor is not immediately directed toward those tasks, it must be exchangeable for one or both of those needs.
When one's exchangeable labor is not sufficient to acquire nourishment and protection, one ought redirect their energy to more direct efforts of finding/raising food, or creating clothing and shelter.
If one can neither provide directly for their needs, or exchange their labor to provide for their needs, they will die unless propped up by family (genetic or political).
An economic society may be primarily measured by the indirectness of one's labor toward providing for one's needs.
A society in which all farm, weave, and build, is dissimilar to the society in which each role is filled by another person.
As to the superiority of one form or the other, I will not hastily judge.
Obviously, specialization can provide more for more with less. But, perhaps generalization can provide less, with the same, for all?

Risk is the willingness to labor in vain if there is a possibility that the labor may somehow not actually be in vain.
Risk tells the worker to work more as this may yield more nourishment or security.
Risk tells the worker to work differently as this may provide as much nourishment or security with less energy.
Risk tells the worker to part with what is known in exchange for the possibility that the unknown is superior.

Either Labor or Risk in isolation is senseless. One labors to nurture an apple tree for its fruit, thought there is the risk of loss by storm, beast, or plunder. One offers the tended apples for sale though there is the risk that the potatoes purchased are not good to eat.
Yet, one ought not tend a tree for boredom's sake alone. This is a hobby. It is a waste.
Neither ought one take his new potatoes and senselessly offer them for resale, this ultimately devalues the potato and thus the first exchange.

2 comments:

Brian said...

No hobbies? I would argue a hobby falls under personal enrichment, which aids your scope of understanding.

W. Yadusky said...

nope, hobbies are a vacuum on a productive economy. so is sleep.

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