Post Productivity Market Dynamics

 Post-Productivity Market Dynamics 

At the economic singularity, autonomous trainable machines (robots) and/or autonomous systems of trainable machines (extended robots) manufacturing autonomous trainable machines and/or autonomous systems of trainable machines, productivity increases (∆production/∆(human work hours)) as a general case will approach infinity 

 [asymptotic (lim sup x=♾️) to infinity] 

and, according to research on such situations [PostWalrasian Macroeconomics, Colander, Cambridge University Press, 2006], become more meaningless as a metric as they get close to that limit which will reduce modern economics to so much noise.

Money can be constructed as needing to be of sufficient supply to relatively value all products and services in market purview and be of sufficient scarcity and reliability to hold its value reasonably over time. The scarcity of fiat money is at present represented in the relation; 

[∆money supply/∆productivity] 

(simplified). 

This means that any calculation of the value of fiat money will be meaningless in the post economic singularity era or, more accurately, the era of Post-Productivity Economics, as productivity itself becomes a meaningless calculation, based on the traditional but now vacated relationships that define modern economics.

Yet a market economy demands a sufficient value calculus (money) in order to relatively value disparate goods and services in a common market setting. What then constitutes the value of fiat money, which constructs the value of goods and services, in post-productivity markets? That's a large question and a long answer but it resolves in the mechanics of a legitimate transfer of wealth in redress of existential damages (effective permanent loss of employment) done to Labor, blue collar and white collar, by the deployment of very capable autonomous trainable machines (robots) and/or autonomous trainable systems of machines (extended robots) from the labor of those robots and/or extended robots to the purview of human beings as direct support of aggregate demand along with tariffs imposed on robots and/or extended robots outside the reach of redress to prevent capital flight and cutthroat competition, or effectively madness, as it reduces to productivity competition and productivity will become a meaningless metric. 

Essentially, then, the amount of damages assessed per robot hour and the amount of the protective tariffs, both significantly arbitrary and organically constituting a demand and addition to the ∆$moneysupply, will define the value of money roughly in the manner;

[∆$moneysupply=∆$(goods&services) +∆$damages+∆$tariffs

Inflation or deflation index = ∆$moneysupply/$moneysupply

(Old$value)(inflation or deflation index)= New$value]

(Simplified)

Markets do demand money or a common value calculus in order to function and money does organically construct markets or real and abstract locations of transactions involving the exchange of goods and services for money and the discovery of prices, in money, that define real and abstract locations, in time, of the relative quantities, plenty and scarcity, with their associated price differentials that make arbitrage possible which is what makes markets function (The Invisible Hand).

The question at hand is, if productivity approaches infinity and resources are addressed by asteroid mining and energy is addressed by fusion what is left to be subject to arbitrage? Where are the relative quantities, plenty and scarcity, that make markets go? They would be extremely transient.

Do Well and Be Well