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Book 2 Chapter 43

🕑 Added 2024-10-29 18:59:32 +0000 UTC

Comments

tibbish

I'm glad I helped rather than bugged you!

Carson Spencer

I may switch things so that Amos is the one that brings up the idea. Thanks for your help.

Carson Spencer

At the same time, this makes sense. Nobody did a very good job of keeping records. Especially on a large scale. without it they couldn’t do a lot of the data analysis required to come up with economic theory.

tibbish

Yeah the philosophers back then can be pretty interesting to read about. Feels like reading a alien's journal or something at times. Usually with odder bits of religion smooshed in with increasing frequency the farther back you go. Depending on who you talk to I think most would say Cantillion is the originator, or close enough to it for his time, of modernish economic thought. I don't think anything like our modern concept of inflation of the prices of goods/services being closely related to supply/demand starts to pop up until Jevons comes around in the late-ish 1800s. I'm not a economic scholar though. That is just vaguely what I can recall mixed with some quick n' dirty googling.

Carson Spencer

Interesting. Now you have me going down a rabbit hole looking at the writings of David Hume instead of sleeping. Lol

tibbish

Minor persnickity quibble: I'm surprised they have some developed idea of what inflation is. I didn't think that concepts of inflation and its effects on goods pricing to be a thing until the 1700's IRL which I thought was kinda past the expected time frame the in story events would be developed? Google does say that apparently some people back in the late 1500's (!!) were vaguely philosophizing about it but were focused on how new sources of precious metals or bills of exchange were effecting the value of currency and not necessarily about the value of goods or services. I think they did have notions about scarcity effecting value but from what I've read they took a more philosophical, ethical, and moralistic approach here. They were constantly trying to find ways to judge what the price "justly" should be set to from a Aristotelian or Christian philosophy of utility. Which sounds weird by our standards today but it was a very different time. People like Aquinas were seen as fringe weirdos for the most part and word of his ideas swept around slowly at best from what I recall.


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