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Cyclopedia of Economics

By: Sam Vaknin

... we speak of an achievement. Our would-be achiever is thus burdened by a series of requirements. He must be conscious, must possess a well- formulat... ...every time a single bit of information is processed. Only if these six cumulative requirements are met - can we say that the software metaphor is ... ...give the impression of continuity. The pre-broken wooden stick satisfied these two requirements: it had a boundary and all its points reacted simul... ...elf- sufficient and self-contained. If certain structural, internal constraints and requirements are met – a statement in economics is deemed to be ... ...n economics is deemed to be true even if it does not satisfy external (scientific) requirements. Thus, the standard theory of utility is considered... ...as was the) the widespread use of safety standards that emphasise detailed design specifications instead of setting minimum performance requiremen... ...oint of departure. He then applies a certain methodology (he varies the nature and specifications of the studied object to reveal its essence) whic... ...ng will likely intermesh with these to produce "enhanced" or "designed" progeny to specifications. We must stop procreating. Or, else, pray for a ... ... machines)? Future implants of chips in human brains? Designer babies, tailored to specifications by genetic engineering? What about ARTIFICIAL int...

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Capitalistic Musings

By: Sam Vaknin

...elf- sufficient and self-contained. If certain structural, internal constraints and requirements are met – a statement in economics is deemed to be ... ...n economics is deemed to be true even if it does not satisfy external (scientific) requirements. Thus, the standard theory of utility is considered... ..., Moral Hazard in Banking, and Prudential Regulation": "We find that using capital requirements in an economy with freely determined deposit rates ... ...ent investments, the bank must have sufficient franchise value at risk ... Capital requirements also have a perverse effect of increasing the bank'... ...(as was the) the widespread use of safety standards that emphasise detailed design specifications instead of setting minimum performance requiremen... ...at emphasise detailed design specifications instead of setting minimum performance requirements for designers to achieve any way they wish. Then t...

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