Ask HN: How would you formalize a time-based macroeconomic model?

1 pointsby AGsist7개월 전1 comments

I’m exploring a macroeconomic model where time is treated as a primary unit of value rather than a secondary pricing variable.

At a high level, the idea is to index value issuance and economic contribution directly to time, with fixed temporal constraints, rather than to output, price, or currency supply.

For those who have worked on economic modeling, mechanism design, or simulation frameworks: what would be the most reasonable way to formalize such a model, and what pitfalls would you expect early on?

1 comments

bwestergard7개월 전

This text is based on a misreading of Karl Marx's position, but does effectively illustrate why attempts to coordinate economic life through labor time as a unit of account will not work.

https://cdn.mises.org/Karl%20Marx%20and%20the%20Close%20of%2...