Because effects in spheres thrice-removed somehow do touch the sphere they're thrice-removed from?
That was sarcasm. I don't think you have any solid means of proving that emergence can't be roughly explained through recourse to the metaphor of a Venn diagram. Venn diagrams are models, nothing more, and they're useful in thinking of how various networks complexly interact. "Substrate independence" doesn't entail hierarchy, or imply that substrate-independent effects are somehow "higher." They're simply distinguishable from the components of the substrate.
I was saying emergence can be explained via recourse to Venn's - just that all the stuff you have been posting and quoting do not seem to align with that understanding. Substrate independent, as used, means that you can plug in any substrate, and get the same result. This is absurd, and completely un-Venn-like.
Responding to the thing with Menger, you essentially had two separate issues that can be summed with the following:
First:
The Austrian argument is sound on paper, but it can't explain anomalies and instances of deviation, which aren't rare. Furthermore, it can't account for the dynamics of historical development.
......
Austrianism's individualist explanation makes great sense and sounds logical from an internal perspective; the only problem is it's basically useless today on a practical level. When I say "practical," I don't mean immediate interactions between a small number of individuals. I mean the entire, interconnected, global network, which is the modern economic reality.
What "anomalies" and "deviations" are you referring to as discrediting and unexplainable? Throwing around "dynamic global economy" is an old hand wave by central planning for some time, and yet central planning has only the same tools for "managing the complex dynamism" (dynamism which comes from - billions of actors!) that have
always existed - controlling the money/credit supply, and regulation/taxes, and necessarily manages it to a destructive end. Appealing to complexity is playing to a market strength, not attacking a weakness.
I really don't know where the idea that "we would have to go back to barter" comes from.
Second:
Even Menger admitted that government has a role to play in the printing of money. The reason for this claim is that Menger acknowledged the complexity of the modern system. Westley completely ignores Menger's monetary theory because he has no use for it; it doesn't jive with his resistance to regulation. It doesn't jive with the Mises Institute's general resistance to the state in its modern form.
And Rothbard thought gold/silver would always only be the best option, and yet plenty of Austrians support digital currencies. One doesn't have to swallow everything.
The entire political economy hinges on satisfying human wants and needs, which are subjective, ordinal, and fluid. You have agreed before that "economics is a social science", and it is an approach in the tradition that includes Menger that approaches economics with this understanding.
Now, I do agree, in a way, that "monumental changes in the 19th-20th century displaced the individual", but it was most certainly disastrous in both (then) current and future terms. World wars, secular nationalism, globalized networks of central banks, etc. have all been offspring of the progressive anti-individual movement. These have all been quite destructive, and continue to be so.
I mainly shared that article for this segment:
Nonetheless, the values of all of the goods of whatever order are derived from the initial subjective desire on the part of the individual to satisfy a felt need, so that rubber has value not in itself or in the work effort going into its production, but because of the initial human desire for transportation, leading to a human preference for cars. This understanding of goods contrasted greatly with the Classical economist’s notion that the value of economic inputs is based on their technical usefulness in production. Menger’s value theory represents an expansion of Say’s Law that supply creates its own demand, and is the proper theoretical response to the monetary and credit cranks (of Menger’s time as well as today) who see no difference between government-created and -directed capital and privately-created and -directed capital.
In truth, government-created capital satisfies the needs of the political classes and the special interests connected to it, whereas privately-directed capital is directed at the satisfaction of consumer wants.