Economic Value

Economics and Reductionism

Profits require that the whole must be greater than the sum of the parts. For example, half a chair is not half price of the full chair; most times you cannot sell two halves of a chair separately, or price them separately, even when you assemble the chair yourself from packaged parts. Similarly, the price a carpenter will charge for a...

Why Sāńkhya Doesn’t Have Objects of Action

Even a casual look at Sāńkhya reveals an apparent asymmetry in its ontology, namely that there are five sense-objects called Earth, Water, Fire, Air, and Ether, corresponding to the five senses of knowledge Nose, Tongue, Eyes, Skin, and Ears respectively, but there aren’t corresponding sense-objects for the five senses of action, namely, Hands, Legs, Anus, Genitals, and Speech. Why do senses...