“They saw their injured country's woe;
The flaming town, the wasted field;
Then rushed to meet the insulting foe;
They took the spear, - but left the shield.”
―Philip Freneau
Monday, May 8, 2017
Interplanetary Trade - The Neo-Liberal Economic Ideal
First Fundamental Theorum of Interstellar Trade: When trade takes place between two planets in a common inertial frame, the interest costs on goods in transit should be calculated using time measured by clocks in the common frame, and not clocks in the frames of trading spacecraft.
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Second Fundamental Theorum of Interstellar Trade: If sentient beings may hold assets on two planets in the same inertial frame, competition will equalise the interest rates on the two planets.
LOL! I think Krugman was a big Asimov fan like me when he was young!
ReplyDeleteJMJ
Asimov visited my college when I was a freshman. Afterwards, I went to the library and read everything I could find by him...
ReplyDeleteI'm back (after a short hiatus).
ReplyDeleteGreat video, BTW...
I've missed you blog! :)
ReplyDelete