material analysis vs information analysis

["Harry Veeder" <eo200@xxxxxxxxxxxxxxxxxxx>]

The rental analysis of a material based economy is different from
that for an information based economy. In the former, the economy
is seen as emerging from many diverse material landscapes. Land prices
actively inform all other prices.

In the latter, the economy emerges from many diverse mental landscapes.
The material landscape plays a passive role rather than active role
in the determination of prices. This is because each person's
mental landscape has different ideological associations with the
material landscape.


* Implications for how we understand taxation,
  employment and interest.

At the macroeconomic level, full employment is a matter of feeling
adequately and appropriately employed rather than possessing a paying
job. Therefore, the general level of employment disequilibrium (the state
of feeling under used AND misused) will never be resolved through
the production of more "jobs", be they private or public.

For everyone to feel fully employed in monetary
economy, everyone must be able to target their efforts to
the formation of capital, be it hard capital or soft capital.

This requires that everyone get to play the role of rentier.
However, many lack material property, so the government
can make up for this by seeking credit from its people.
This can be achieved by collecting taxes, AND then paying
interest to the people.

By paying interest to individuals who lack material property, the
government will be improving (but not expanding) the stock of capital.
Most economies are usually stuck in a state of employment disequilibrium
because of a poorly designed and managed national financial system.
Sometimes the disequilibrium can manifest itself as an extreme depression
as in the 1930's.

Harry Veeder