created: `=dateformat(this.file.ctime, "DDDD, HH:mm")` updated: `=dateformat(this.file.mtime, "DDDD, HH:mm")` tags: #technologicallove/concepts #Economics related notes: [[karma]] # essence The true [[cost]] of an action is captured by the full effect of this action on the system. # expansion Our present economics only prices a fraction of the true cost. We need to work towards a system where the true cost is priced so that we can guide local decisions towards the wellbeing of the whole. This is the [[karma technology]]. To price an action is to reflect the impact of that action on the actor. It is to redirect the karma of an action such that it is felt by the causal subsystem that is responsible for the decision. The being that acts should experience the impacts of their action. # example An action can include things like a purchasing or manufacturing action, which shows how the concept relates to the more canonical notion of "cost".