Back on the issue of what Norm should be the vertical axis in the supply and demand curves. Economists currently use price comparison as the Norm for the household and firm. Let us call the household or firm by one name, the Firm, hoping our approach will show the household and firm operate from the same principles.
I am suggesting, tentatively, that QM Theory should put the Mechanics inside the Firm as minimum variance of inventories, and put Quantization in the market as a maximum entropy norm. Hence, the firm is schizophrenic, and for Supply and Demand the vertical axis is Entropy. The goal of the Firm is to minimize internal variance while minimizing quantization error in the market. What do we mean when the Firm attempts to maximize entropy. The Firm will construct the quantum of value it sells such that the product delivers the maximum of new information in the market.
Dual (or Dueling!) Norms describe the asymmetry of aggregate data. We deflate with entropy adjustments to product quanta, and inflate according via inventory minimization.
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