Next Generation Knowledge Machines

3

Processing, Switching, and Communication of Knowledge

In dealing with utility of knowledge, all factors (its scarcity, its total utility, its marginal utility, specifically its diminishing marginal utility, its utilitarian value, its exchange value, etc.) that influence the evaluation need to be considered. In this chapter, we propose that the processing of knowledge be based on the most basic and fewest truisms. These truisms are, in turn, based on reality, and they permit the characterization of information and knowledge. To this extent, computational processing does not depend on the philosophic writings of earlier economists. However, the truisms are validated from a longer-term philosophical interpretation of how these truisms have survived ...