Can an Economy Feel Joy?
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And yeah, TFA does considerable bullshit in order to display text. I mean, what is "parastorage.com"?
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"That is a part of Wix CDN network to deliver images and stuff like that faster." by word of a "Wix Code Evangelist"
~R. Bandler
Can an economy feel "irrational exuberance"?
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No: economy doesn't have glands.
However, consider, can cells feel joy? Everything we do is done by cells: we see because the cells in our eyes can see, we digest because our cells digest, we move because our cells move, we think because our cells think, and so on...
If we allow a an analogy (however imperfect) between cells and the body, and between people and their civ/society/economy, then it seems to me that, yes, you can measure or quantify a given civ by the joy of its members.
Bhutan actually formally collects and analyzes data to form a Gross National Happiness index (as contrasted with the GNP metric), and attempts to use this as feedback for their government.
Yeah, that's kind of what I'm trying to say. The analogy between a human organism and human society is imperfect, so I think the closest you could come to saying a society is joyous would be if the humans in the society are joyous.
As for what would constitute the subjective experience of a society, you could call that the extrinsic Hard Problem of Consciousness, eh?
> I also do no think it's useful to separate "economies" to study as if they were entire beings, they are a part of "societies" - this reads a lot like asking if our arms feel joy.
I agree with that too. FWIW I would maybe identify money with oxygen and the economic system with the circulatory system, and maybe (parts of) some others (I'm an expert neither on economics nor physiology.)
The kicker of this approach is that the modes of qualia or consciousness at different system levels are likely to be so completely alien and the causal mechanisms so hard to discern that you could never definitively answer the question of “what is it like to be an economy;” it’s as impossible as a neuron wondering what it’s like to be Proust eating his madeline.
Scientifically, it’s virtually unfalsifiable but, if correct, it does have the delightful side-effect of turning social sciences such as economics from attempts to formulate natural “laws” to something more like efforts to psychoanalyze alien gods.
It's very level-headed :)
Gregory Bateson speculated that evolution and thought are two aspects of the same process. ("Steps to an Ecology of Mind", "Mind and Nature: a Necessary Unity")
Michael Levin's lab's work on the self-regulation of living forms points to ambient intelligence. The cellular machinery that neurons use to think is common to all cells. It's concentrated and accelerated in neurons but the clear implication (IMO) is that all life thinks.
"What Bodies Think About: Bioelectric Computation Outside the Nervous System" (youtube.com) https://news.ycombinator.com/item?id=18736698