Capitalization Bus Theory (CBT) V3.54: Time, Cash Flows, Discount Rates, and Boundaries from a Human-Centric Perspective

Abstract (English) Capitalization Bus Theory (CBT) V3.54 presents a human-centric analytical framework for translating economic and social phenomena into Free Cash Flow (FCF), discount-rate structures (r-structure), Property Rights & Boundaries, and Buses. It begins from three axioms—purposeful action, finite and irreversible time, and property & boundaries—and uses Economic Present Value (EPV) as a common coordinate for analyzing how expected future cash flows are generated, discounted, allocated, and constrained across individuals, firms, cities, and nations. V3.54 further distinguishes the Generation Domain from the Capitalization Domain through the Domain Gate and the Bus Generation Interface. It introduces the Proto-Bus, Effective Death Conditions, A/B/C validation tiers, the Proto-Bus Genealogy Ledger, the Hard Budget Constraint as a selection mechanism, and the Zombie State. It also retains and refines the R-I-S-C Hierarchical State Map, Capability Bus, Happiness Bus, and the Discount-Rate Scissors Gap (Δr). CBT is intended as a cross-context translator and structural diagnostic framework rather than a substitute for microeconomics, macroeconomics, corporate finance, accounting, or short-term price forecasting. 中文简介 《资本化总线理论(CBT)V3.54》试图建立一套以人为本的统一分析语言,将经济与社会现象重新翻译为自由现金流(FCF)、折现率结构(r-structure)、产权与边界以及资本化总线(Bus)的组合。理论从行动公理、时间公理、产权与边界公理出发,以经济现值(EPV)作为共同坐标,用于分析个人、企业、城市与国家的未来现金流如何生成、被折现、分配并受到边界约束。 V3.54 进一步通过域判定门(Domain Gate)和总线生成接口(Bus Generation Interface)区分生成域与资本化域,并正式引入候选总线(Proto-Bus)、有效死亡条件、A/B/C 验证分层、候选总线谱系账本(Proto-Bus Genealogy Ledger)、作为生成选择器的硬预算约束以及 Zombie 状态。同时保留并修订 R-I-S-C 层级状态图、能力总线、幸福总线和折现率剪刀差 Δr 等分析工具。 CBT 的定位是一套跨场景翻译器和结构诊断框架,而非对微观经济学、宏观经济学、公司金融、会计学或短期价格预测模型的替代。