October 2011

So much blood and ink has been spilt trying to bridge the gap between something called mind and something called world. The gap I seek to bridge is instead between something called experience and something called language. This we can do. And with that the game is won.

This is understood in economics.  It validates the discipline.

But that entails the need to agree on what constitutes a measurement.  Without measurement, no price.  Measurement, in turn, always depends implicitly upon a model of the agent.  Cognitivist models come in many flavors.  But each of these has economic consequences; various models of rationality; various accounts of the Perception-Cognition-Action arc.  The assumptions of each of these accounts are used to validate a host of measurements.