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paulbaumgart's profile
Paul Baumgart
Paul Baumgart
Paul Baumgart
@paulbaumgart

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Paul Baumgart

@paulbaumgart

linkedin.com/in/paulbaumgar…
Joined May 2009

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    1. Paul Baumgart‏ @paulbaumgart 6 Jun 2015
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      Replying to @garybasin

      @garybasin @vgr How could they have stuck around for so long if they didn't?

      1 reply 0 retweets 0 likes
    2. Venkatesh Rao‏ @vgr 6 Jun 2015
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      Replying to @paulbaumgart

      @paulbaumgart @garybasin That's a good bit of circumstantial evidence, but not enough

      1 reply 0 retweets 1 like
    3. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @vgr

      @vgr @paulbaumgart @garybasin Markets are best considered, like many technologies, as catalyzing forces (chem sense) for value-creation

      1 reply 0 retweets 1 like
    4. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin A market itself, at any given instant, is net-sum zero, ergo facilitates wealth transfer, not creation. BUT:

      1 reply 0 retweets 2 likes
    5. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin precisely like a catalyst in chem, the ability for value creation to proceed is faster in the presence of it.

      1 reply 0 retweets 4 likes
    6. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin This is +/- my current thinking & analogy for the big error of all existing econ thought: miscat. of catalysts

      1 reply 0 retweets 2 likes
    7. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin Everything is divided into often grey bins of Productive and Unproductive Capital / Wealth

      1 reply 0 retweets 2 likes
    8. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin ex: Existence of a car is excluded from orthodox econ "produced means of production" definition for Capital

      1 reply 0 retweets 2 likes
    9. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin But yet it seems we cannot neglect the effect whereby a worker with a car is more productive w/ his Capital

      1 reply 0 retweets 1 like
    10. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 6 Jun 2015
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      Replying to @CTZN5

      @vgr @paulbaumgart @garybasin and is thereby able to produce new wealth faster. Best analogy I see is catalysis.

      2 replies 0 retweets 1 like
      Paul Baumgart‏ @paulbaumgart 6 Jun 2015
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      Replying to @CTZN5

      @fnxTX @vgr @garybasin It all usually gets lumped together as "transaction costs," doesn't it? And they are recognized as inefficiencies.

      12:14 PM - 6 Jun 2015
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Paul Baumgart‏ @paulbaumgart 6 Jun 2015
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          Replying to @paulbaumgart

          @fnxTX @vgr @garybasin Interesting review paper that came up through some casual googling: http://www2.bren.ucsb.edu/~glibecap/Allentranscosts.pdf …

          1 reply 0 retweets 0 likes
        3. zooko‏ @zooko 6 Jun 2015
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          Replying to @paulbaumgart

          @paulbaumgart @fnxTX @vgr @garybasin Hee hee "two parties claiming ownership over the term".

          0 replies 0 retweets 1 like
        4. End of conversation

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