20.10. Budapest – Algorithmic Distribution

lecture 171017

at eaepe2017
For an Economy without Money.
The actual task of an economic system is to distribute goods or services, and to allocate work or tasks. Usually, this task is solved with the help of money as a medium. Eventually, algorithmic solutions may find far better solutions than markets and money. From the viewpoint of a media historian, the transition to a non-monetary society seems almost necessary. Based on the relation of the number of transactions to processable data volume, a media history of economic activity spans from premonetary notation systems to modern money (Graeber 2011), and can be projected into a future of non-monetary notation systems.