Thread by @terry_barker21

#TheScienceofMoney is the core of #SpaceTimeEconomics Money, as a social construct in evolution, is as critical & crucial as the discovery of fire. Both transformed the prospects of those who adopted them. This is social evolution.

Money lubricates transactions; it allows us to reduce risks; perceptions of enough of it can make us content; it is simultaneously beautiful, desirable, neutral, & dangerous. It is a tool, an idea, a way of ascribing responsibility, a tracking mechanism. It has multiple meanings.

“Money makes the world go round”, “Money, money, money”, if only I/we/they had enough, “they are moneyed”, “who needs money?” If you & I are not careful, money can dominate thoughts & hopes. The sunlit uplands are paved in gold. The magic. Love of money is “root of all evil”.

The #ScienceofMoney seems a contradiction in terms, but economics is a social science. Degrees & honours are given for Economic Science, not for mathematical economics. A pseudoscience is one that purports to be a science, but instead adopts math & scientific terms as a disguise.

Crucially, the properties of money must be completely distinguished from the forms of money. There are few properties of money, but almost uncountable number of forms.

A key scientific concept in #SpaceTimeEconomics is #perfectmoney

Perfect money has nine properties, the most important being that it is perfectly divisible. Electronic money can be divided as much as necessary for transactions, depending on the accuracy of the computer. Most resources with the property of #integrality cannot be divided.

Money divides resources with the property of #integrality in our heads, in our mental universes. Nearly everyone can readily convert daily purchases into money by thought alone. It is an essential skill learned in childhood, everywhere, now.