My wealth: https://photos.app.goo.gl/AtsEEaFdWJgdjQwHA
On Fri, Mar 19, 2021 at 10:34 AM Steve Smith <[email protected]> wrote: > At the risk (with the awareness of?) being pedantic: > > My working definition of Wealth is that it is accumulated or stored Value > which just begs the question of "what is Value?" > > There are a few reasons that Fiat Currency is a common measure of Value > and Wealth (e.g. GDP, personal Wealth/Income, etc), the most obvious (I > think) is that it IS reductive and moderately fungible. Money is "the > universal solvent" which on one hand means it helps to solve or clean up > sticky problems, but it also ultimately "dissolves everything". And you > "can't buy happiness" but money *does* work to leverage/relieve various > things which contribute-to/detract-from happiness. The kid who killed the > Asian Massage Parlor women seemed to have hit a boundary on that one and > took it out on them. > > I started the thread "what is Wealth for?" to prompt the kinds of > discussions that have been offered up and perhaps beyond. > > My working definition of Value includes it being very > Subjective/Personal/Context Specific and that it is at least a Vector, > probably more properly a Tensor. As a strawman (in my sense), I offer > dimensions such as: > > 1. Fiat Currency with it's exchange rate among other similar > instruments, it's liquidity, inflation/interest rates, etc. > 2. Data/Knowledge/Wisdom spectrum > 3. Love, Kindness, Filial/Fealthy networks > 4. Tools (levers) for specific tasks/goals > 5. Raw materials > 6. Comfort items (soft warm bed, nice view, etc.) > 7. Basic need items (air, water, food, shelter, ...) - > 8. Reputation > 9. Beauty/Culture > 10. et cetera, ad nauseum > > Bhutan's Gross Domestic Happiness Index is an interesting way of > evaluating the Tensor of Life into a singular Eigenvalue. It is most > useful to our Western Hypercapitalism as a strong contrast to the way *we* > collapse it all into $USD (private wealth or GDP or... ) even though we > know money can't always buy happiness and as with our favorite whipping boy > and his neice's book "Too Much and Not Enough" what seems like a linear or > maybe log curve is not only fraught with inflection points, it has some > kinks and even knots built into it. > > If the calculus of our "happiness tensor" includes satisficing as well as > optimizing terms, we see something somewhat different the usual math for > evaluating (economic) wealth/value... > > "Enough is too much, and that is just right!" - antidote to "Too Much > and Not Enough" > > Some of the terms in the Value Tensor refer to virtuous rather than > vicious cycles (e.g. Love, Kindness, Generosity). The extrema are > interesting but not defining (Elon Musk, Mother Teresa, Ghandi, Nelson > Mandela, your favorite Street Person). > > mumble, > > - Steve > > > On 3/19/21 7:54 AM, Pieter Steenekamp wrote: > > " I still don't see what's wrong with the dictionary definition. Is there > some reason we need a different definition? " > > Maybe we want to include non-material wealth such as Merle's example of > the formar Bhutan's happiness? > Maybe we also want to include Nick's freedom to think as wealth? > > @Merle, you asked for a definition, what do you think? > > > > On Fri, 19 Mar 2021 at 15:42, uǝlƃ ↙↙↙ <[email protected]> wrote: > >> I still don't see what's wrong with the dictionary definition. Is there >> some reason we need a different definition? >> >> American Heritage --- >> wealth (wĕlth) n. >> 1.a. An abundance of valuable material possessions or resources; riches: >> gave his wealth away to charity. >> b. The state of being rich; affluence: a community of great wealth. >> 2. Goods and resources having value in terms of exchange or use: the >> agricultural wealth of the region. >> 3. A great amount; a profusion: a wealth of advice. >> >> >> Merriam-Webster --- >> wealth noun \ ˈwelth also ˈweltth \ >> 1 : abundance of valuable material possessions or resources >> 2 : abundant supply : profusion >> 3a : all property that has a money value or an exchangeable value >> b : all material objects that have economic utility especially : the >> stock of useful goods having economic value in existence at any one time >> national wealth >> 4 obsolete : weal, welfare >> >> >> On 3/18/21 9:42 PM, Pieter Steenekamp wrote: >> > Let me try a definition of wealth: >> > >> > Wealth is that what makes you happy. >> > >> > >> > On Fri, 19 Mar 2021 at 06:01, Merle Lefkoff <[email protected] >> <mailto:[email protected]>> wrote: >> > >> > Is the definition of wealth having a lot of whatever the culture >> values? (I'm late meeting Nick's challenge to me.) The former Bhutan >> (it's changing drastically and rapidly) valued Happiness. It's why their >> happy people thought they were wealthy, despite being one of the world's >> least "developed" country. (GDP is now rising with outside development of >> its natural resources). >> > >> >> >> -- >> ↙↙↙ uǝlƃ >> >> - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . >> FRIAM Applied Complexity Group listserv >> Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam >> un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com >> FRIAM-COMIC http://friam-comic.blogspot.com/ >> archives: http://friam.471366.n2.nabble.com/ >> > > - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe <http://bit.ly/virtualfriamun/subscribe> > http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: http://friam.471366.n2.nabble.com/ > > - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: http://friam.471366.n2.nabble.com/ > -- Frank Wimberly 140 Calle Ojo Feliz Santa Fe, NM 87505 505 670-9918 Research: https://www.researchgate.net/profile/Frank_Wimberly2
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