Nash criticized interest groups that promote quasi-doctrines based on Keynesian economics that permit manipulative short-term inflation and debt tactics that ultimately undermine currencies. He suggested a global “industrial consumption price index” system

15 Jul

Nash’s later work involved ventures in advanced game theory, including partial agency, which show that, as in his early career, he preferred to select his own path and problems. Between 1945 and 1996, he published 23 scientific studies.

Nash has suggested hypotheses on mental illness. He has compared not thinking in an acceptable manner, or being “insane” and not fitting into a usual social function, to being “on strike” from an economic point of view. He has advanced views in evolutionary psychology about the value of human diversity and the potential benefits of apparently nonstandard behaviors or roles.[36]

Nash developed work on the role of money in society. Within the framing theorem that people can be so controlled and motivated by money that they may not be able to reason rationally about it, he criticized interest groups that promote quasi-doctrines based on Keynesian economics that permit manipulative short-term inflation and debt tactics that ultimately undermine currencies. He suggested a global “industrial consumption price index” system that would support the development of more “ideal money” that people could trust rather than more unstable “bad money”. He noted that some of his thinking parallels economist and political philosopher Friedrich Hayek’s thinking regarding money and a nontypical viewpoint of the function of the authorities.[37][38]

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