Two Dimsensions of Any Economy

January 9, 2012

It is important to note that there is nothing, or at least very little, in the economy that is pure repetition. Breathing is perhaps pure repetition, but the closer to repetition it becomes the more it drops out of the “economic.” Something like eating or dress is highly repetitious and can be seen as potentially very local. Still it is essential to see what is “refluxive,” or perhaps what is “surplus,” even in the most repetitive human experiences. Our economy must balance both.

In a similar way, we see forms of capital as refluxive–tending toward increase with little or no repetition. We must also guard against these forms of increase which ultimately are destructive to the whole economy.

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