Tuesday , November 5 2024
Home / Mike Norman Economics / Social Construction of Reality and Its Consequences

Social Construction of Reality and Its Consequences

Summary:
By deploying the brain’s ability to compress information and think abstractly, humans are the only animals on the planet who can simply make things up, agree on them as a group, and they become real. This “social reality” is a superpower that gives us far more control over reality than we might think."Reality," phenomenal that is, is subjective constructed socially and layered on physicality. The Author explains how happens through "the Five Cs: creativity, communication, copying, cooperation, and compression."This ability and its use have enormous consequences for humans, the only species that is able to do this, and also on the planet, especially in a technological age of globalization in which humans shaped the environment.UndarkWhy Chimpanzees Don’t Hold Elections: The Power of Social

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.

By deploying the brain’s ability to compress information and think abstractly, humans are the only animals on the planet who can simply make things up, agree on them as a group, and they become real. This “social reality” is a superpower that gives us far more control over reality than we might think.
"Reality," phenomenal that is, is subjective constructed socially and layered on physicality. 

The Author explains how happens through "the Five Cs: creativity, communication, copying, cooperation, and compression."

This ability and its use have enormous consequences for humans, the only species that is able to do this, and also on the planet, especially in a technological age of globalization in which humans shaped the environment.

Undark
Why Chimpanzees Don’t Hold Elections: The Power of Social Reality
Lisa Feldman Barrett
ht Global Economic Monitor

Related

Two social "realities" come into conflict in a gigantic power struggle.

(Try to abstract from the politics if you are involved in it and see the relationship of the links. Of course, the different sides will view this differently but both should be able to grasp the point.)

The Guardian
Facts Won’t Fix This: Experts On How to Fight America’s Disinformation Crisis
Lois Beckett
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *