The 1st Law of Value

The First Law of Value states:

Exchangeable value is based on relational desire.

This law is derived from:

• the Worker cycle in the Law of Social Cycles by Socrates
• the Third Law of Thermodynamics which says that absolute zero temperature is impossible to reach or maintain. In Supereconomics, this means that desire is never zero

This law crosses over:

• to Bio Superphysics as everything being able to affect a person’s health in varying degrees.
• to Supersociology as everyone’s opinion or expression has a value to a society

In Supereconomics, this manifests as Nominal Price which is an effect of Effective Demand.

Formula

Since desire manifests as demand, everyone has both an effective or actual demand, and an absolute or wishful desire. Since exchangeable value is societal, the exchangeable value arising from demand is relational. This is denoted as:

(V_A1 : V_B1 … ) • σ (V_i - V_u)

• V_A1: value perception of identity A at time 1
• V_B1: value perception of identity B at time 1
• V_i: The individual valuation of any identity in the chain.
• V_u: The minimum societally-acceptable valuation
• σ: step function where the output is 1 (valid) if V_i ≥ V_u, and 0 (invalid/null) if V_i < V_u.

The ratio sign introduces the concept of relationality. The concept of metaphysical spin is within the identities A and B. This means that value is a result of interaction of spins which represents the causal feeling behind the valuation.

For example, a person might want ice cream because he feels the desire of experiencing cold sweetness, as opposed to the hot bitterness of coffee. This can be extended to include C, D, E, and so on, to show the interconnected nature of any economy, wherein a change in one actual valuation causes a change in the rest.

V_A1 : V_B1 : V_C1 : V_D1 : V_E1 ..

The time snapshot, as 1, represents the spacetime slice where the perceptions occur. This basic relational exchangeable value, based on demand, is called the nominal price. Both relationality and spin are core concepts in Superphysics which is the parent science of Supereconomics.

Each valuation has a minimum acceptable value to society. This is represented by σ and will be explained in Minimum Needs.