from Part IV - Concrete Operations of One-to-One Correspondence for Equality Matching, Arbitrary Symbolism for Market Pricing, Combinations of Conformations, and What Children Discover
Published online by Cambridge University Press: 21 November 2025
To conform market pricing, people typically use symbols whose meaning is purely a matter of common knowledge of widespread use of the symbols in a given social network or community. Like the other three conformation systems, market pricing symbols conform representationally, emotionally, motivationally, and morally. Signatures on a contract, for example, are symbolic legal and moral commitments. Beyond writing and bookkeeping, many technologies have been developed and continue to be invented to facilitate the use of symbolic conformations of market pricing. Before and after the invention of currency, measurements of weights, volumes, and land-areas depend on convention-based symbolism. Commerce is especially dependent on such symbolism to conform prices, rents, wages, interest rates, and other rates and proportions.
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