Sunday, May 27, 2018

Quantification, Money, Interest

Quantification entails homogenization and commensuration.  Money is mobile quantified purchase power of Demand. Price is quantified Supply.  So, contemporary Macro-Economics is far removed from Plato's Political Economy.  The latter is constituted by Demand-Supply harmonization, i. e. vital needs and a Division of Labor to meet them.  But, the fundamental unit of the former is Money-Price correlation, i. e. Price establishes the terms of the availability of Supply, the acquisition of which by Demand is facilitated by Money.  Thus, the Demand-Supply relation is switched--Price demands, and Money is supplied.  Now, Quantity is signified by a Cardinal Number, as the product of Counting, which is carried out in terms of Ordinal Numbers.  So, Quantification produces Cardinal Numbers.  But then, Cardinal Numbers are themselves enumerable, and themselves quantifiable.  It is that reflexive capacity of Quantification that facilitates the treatment of Money as itself a commodity--an object of Demand with a Price--or, in other words, facilitates Interest.  In Interest, Money homogenizes itself and makes itself commensurate with substances from which it, as a property of theirs, is categorially distinguished, and, hence, incommensurate with.

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