There's some interesting properties once these principles are applied to economics: markets are found to have entropy maximizing properties in terms of income distribution, even though labor is an entropy reducing process through production
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Replying to @NicolasDVillar1
Does this apply to all markets, like for example barter ones? The reason I'm asking is because of Varoufakis's experiment when he was working at Valve.
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Replying to @NegarestaniReza
I believe so. Essentially what they did is give a bunch of actors different amounts of value and had them individually exchange random amounts (to simulate subjective valuations), the result was a high amount of inequality. Not quite as high as we have today, but we strive for it
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Replying to @NicolasDVillar1 @NegarestaniReza
Here's the relevant passage. The Boltzmann distribution being the distribution of particles in thermal equilibrium (maximum entropy).pic.twitter.com/1cyhNJA43N
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Replying to @NicolasDVillar1
I'm going to read the whole thing asap. Is it on libgen? What I'm interested is that Boltzmann equation is actually a special case because it only holds under a scenario with homogenous boundary and typical initial conditions.
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Replying to @NegarestaniReza
Nicolas D Villarreal Retweeted Nicolas D Villarreal
Yep, linked it in the original threadhttps://twitter.com/NicolasDVillar1/status/1229249513988198400 …
Nicolas D Villarreal added,
Nicolas D Villarreal @NicolasDVillar1Replying to @HW_BEAT_THATI had never heard this historical account before, so it's really amazing to me. But I think you'd get a kick out of this book more generally. The incredibly elegant ways it employs information theory and computer science is something to behold http://libgen.is/book/index.php?md5=1204640FA5C43650A11E2998B74DABFC …2 replies 0 retweets 0 likes -
Replying to @NicolasDVillar1 @NegarestaniReza
Hope you don't mind I just started reading Cyclonopedia on libgen lol
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Replying to @NicolasDVillar1
Oh no, spit it out. That book is rancid. You might actually like Intelligence and Spirit, there is a whole chapter on Boltzmann's later work.
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Replying to @NegarestaniReza
lmao. It's not so bad so far, reminds me of some poetic novels I read in creative writing class. But I'll def check out intelligence and spirit. I think I might write my next essay for Palladium mag on this topic.
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Replying to @NicolasDVillar1
"it's not so bad so far" Now I'm beginning to doubt our fresh twitter friendship
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I can send you the pdf of the book if you DM me your email.
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