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Archive for the ‘economics’ category: Page 230

Nov 28, 2011

Video — U.S. Job Market — People Staying in Jobs Longer

Posted by in categories: business, economics, philosophy

Video — U.S. Job Market — People Staying in Jobs Longer — WSJ.com.

The Cleveland Fed shows research that people staying in jobs for longer periods of time is requiring adding the economic shock of any crisis where lay-offs or retraction is involved. The problem with this is that research also shows that people out of work are less likely ever re-enter the work force.

While economists (per the this interview) wouldn’t look at this as a “structure problem” because of the forecasted potential for worker volume to return, it is likely that their opinions are a bit too faithful in the existing model of compensating laborers for a honest days work. The enduring jobs crisis can and should of course be looked at as an economic issue and even a political issue, but it would likely be better pursued as a socio-cultural and a legal issue.

The ideal of honesty and the preferred compensation for ones good work is perhaps too subjective; having stated that, the ability for an individual to own so greatly in lieu of the potentially many other individuals that cater to the discovery, development, and distribution of goods/services is (in my opinion) the root cause of our (nation, states, humans) wealth distribution and compensation problems.

Nov 13, 2011

D’Nile aint just a river in Egypt…

Posted by in categories: business, complex systems, cosmology, economics, education, ethics, existential risks, finance, futurism, geopolitics, human trajectories, humor, life extension, lifeboat, media & arts, neuroscience, open access, open source, philosophy, policy, rants, robotics/AI, space, sustainability

Greetings fellow travelers, please allow me to introduce myself; I’m Mike ‘Cyber Shaman’ Kawitzky, independent film maker and writer from Cape Town, South Africa, one of your media/art contributors/co-conspirators.

It’s a bit daunting posting to such an illustrious board, so let me try to imagine, with you; how to regard the present with nostalgia while looking look forward to the past, knowing that a millisecond away in the future exists thoughts to think; it’s the mode of neural text, reverse causality, non-locality and quantum entanglement, where the traveller is the journey into a world in transition; after 9/11, after the economic meltdown, after the oil spill, after the tsunami, after Fukushima, after 21st Century melancholia upholstered by anti-psychotic drugs help us forget ‘the good old days’; because it’s business as usual for the 1%; the rest continue downhill with no brakes. Can’t wait to see how it all works out.

Please excuse me, my time machine is waiting…
Post cyberpunk and into Transhumanism

Oct 10, 2011

Avoiding Bubbles — The California Dream Act

Posted by in categories: business, economics, finance, open access

The California Dream Act.

The banking industry is likely California Dreaming about the day when more states get their act together. …For those of us who think that the US will see a bubble in the education industry caused by its efforts to distribute human kind’s knowledge communities outside of the affluent elite, they shouldn’t hold their breath.

The Cali Dream Act could seem like an altruistic attempt to empower our desperate relatives converging on US cities, but there are some fiscally desperate economics behind this proverbial triumph over “social evil”, as if such a thing ever existed…LOL

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Sep 13, 2011

Economics and Survival: An In-space 2-for-1 Bargain

Posted by in categories: economics, existential risks, habitats, space, sustainability

There is growing recognition that the Moon is the logical next step for sustainably opening space to human settlement. It is now confirmed that both lunar poles contain appreciable quantities of ice containing water and also carbon and nitrogen containing compounds. Since the Moon is always only a 3-day trip away, it easily beats low-gravity asteroids as the most economic place to mine water ice. Similarly, since the Moon has only a 3-second roundtrip communications delay, teleoperated robots could mine and process the lunar ice at a fraction of what human miners would cost. That ice, brought back to Low Earth Orbit (LEO) could establish a new space economy including on-orbit refueling, boosting large communications satellites to GEO, sending tourists around or even to the Moon, and facilitating NASAs Beyond Earth Orbit activities. So the Moon is a great place to develop economic in-space resources.

But, what does all of this do with survival?

Amongst those people who understand extinction risks to humanity, it is generally recognized that an off-Earth, self-sufficient colony would go a very long ways to ensuring the survival of humanity as a species. An orbiting colony would not be a good choice because, if the Earth’s biosphere were contaminated with an ecophage, the Earth itself would not anymore be a source of supplies, and Earth orbit contains no resources except for sunlight. Mars, an asteroid, or a distant moon could be a location for an off-Earth colony, but all of these would be considerably more expensive to establish than on the Moon. For those of us who think it prudent that we should purchase “insurance” against the extinction of humanity sooner rather than later, the least expensive location makes the most sense. So the Moon is a great place to establish a colony for the purpose of survival.

Interesting, so the Moon is the best place for both economics and survival. Perhaps the two could be combined into a single program. But, in the Age of Austerity, it is unlikely that our governments are going to fund a large new space program. So how can this be done economically?

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Sep 4, 2011

3 Question Human Value Survey

Posted by in categories: economics, philosophy

In chatting with people online about the enduring Jobs crisis in the USA and distribution of wealth (value), I regularly received responses that people (Americans in this case) care less about others who have (per the responders) intrinsic value. And so, I’m compelled to ask the question: If something has an intrinsic value, how can it’s care be avoided or go uncompensated? Please take a quick moment to give me your thoughts on THIS SURVEY.

Aug 26, 2011

The Technological Catalyst behind the Frequent Financial Market Capitulation

Posted by in categories: economics, finance

I got this tweet today, as a part of a larger conversation that technological breakthroughs could help predict disruptive economic times. During the past 10 days or so, the US and global financial markets have taken a deep plung, as a result of, well, according to the CIOs (chief investment officers) and politicians, we don’t know. The new industry pins the almost unanimous economic decisions of sell sell sell, to the latest new is geo-political interactions and/or financial specific news.

We see headlines like “Downgrade Ignites a Global Selloff” at the Wall Street Journal, referring to the Standard & Poor’s downgraded credit rating of US treasuries, which by the way soared during the selloff of equities, because of their relative strength.

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Jul 30, 2011

Naveen Jain — Rethinking Sustainable Philanthropy

Posted by in categories: business, economics, education, ethics, philosophy, sustainability

There are as many ways to help another human being as there are people in need of help. For some, the urgent need is as basic as food and water. For others, it is an opportunity to develop a talent, realize an idea, and reach one’s full potential. Helping people get what they need most in life is at the heart of successful philanthropy.

However, you can’t simply give money away without thinking deeply about how and where the money will go and why you’re doing the giving. You need to approach philanthropy in a strategic and systematic way—just as an entrepreneur approaches a new venture. That’s the only way to make a self-sustaining difference in the world. That being said, here are five key ways to achieve sustainable success with your philanthropic efforts.

1. Open a Door
Helping people boost themselves out of poverty is the best way to make a lasting positive difference in a person’s life. A new skill, an introduction, an education—these gifts open doors that would otherwise remain closed. A promising beneficiary will walk through that door and create opportunities for others.

2. Define Your Passion
To have enduring impact, your philanthropic efforts should reflect the causes you are most passionate about. For me, one of those things is education: A good education is the most valuable thing you can give another person. My own philanthropic efforts have always included an educational element, whether it’s expanding opportunities to educate a promising mind or extending the brain’s ability to learn. If you follow your own passions, you’ll increase exponentially your chances of sustainable success.

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May 1, 2011

On the Problem of Sustainable Economic Development: A Game-Theoretical Solution in Brief

Posted by in category: economics

Dear Lifeboat Foundation Family & Friends,

Here’s an executive summary of the thesis I posted a few days ago.

Abstract: This brief communique tables evolutionarily stable strategy for the problem of sustainable economic development on earth and other earth-like planets. In order to accomplish the task at hand with so few words, we hit the ground running with an exploration of Bertrand Russell’s conjecture that economic power is a derivative function of military power. Next we contextualize the formidable obstacle presented by teleological thinking. Third, we introduce Truly Non-cooperative Games – axioms and complimentary negotiation models developed to analyze a myriad of politico-economic problems, including the problem of sustainable economic development. Here we derive, contextualize, and utilize The Principle of Relative Insularity (a unified theory of value which unites economics, astrophysics, and biology) to solve the problem at hand: In the light of evolution, Popper’s solution to Hume’s problem of induction, and within a simplified game-theoretical context, we find winning economic development strategy for Islands and Relatively Insular States (RIS) = Maximum Ecological Preservation, and Globalized Economic Military Superpowers (GEMS) = Maximum Economic Development. Surprisingly, perhaps, we also discover these inherently opposed development strategies represent a strategic equilibrium, and thus evolutionarily stable strategy at the global level. Finally, we offer a synthetic narrative in which we explore several crucial logical implications that follow from our findings, especially as they relate to central banking, monetary policy, investment strategy, leisure activity selection, political ideals, and the ancient wisdom of the Second Amendment to the United States Constitution.

Thanks for reading!

Apr 25, 2011

On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective

Posted by in categories: complex systems, economics, existential risks, finance, human trajectories, lifeboat, philosophy, policy, sustainability

Dear Lifeboat Foundation Family & Friends,

A few months back, my Aunt Charlotte wrote, wondering why I — a relentless searcher focused upon human evolution and long-term human survival strategy, had chosen to pursue a PhD in economics (Banking & Finance). I recently replied that, as it turns out, sound economic theory and global financial stability both play central roles in the quest for long-term human survival. In the fifth and final chapter of my recent Masters thesis, On the Problem of Sustainable Economic Development: A Game-Theoretical Solution, I argued (with considerable passion) that much of the blame for the economic crisis of 2008 (which is, essentially still upon us) may be attributed the adoption of Keynesian economics and the dismissal of the powerful counter-arguments tabled by his great rival, F.A. von Hayek. Despite the fact that they remained friends all the way until the very end, their theories are diametrically opposed at nearly every point. There was, however, at least one central point they agreed upon — indeed, Hayek was fond of quoting one of Keynes’ most famous maxims: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else” [1].

And, with this nontrivial problem and and the great Hayek vs. Keynes debate in mind, I’ll offer a preview-by-way-of-prelude with this invitation to turn a few pages of On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective:

It is perhaps significant that Keynes hated to be addressed as “professor” (he never had that title). He was not primarily a scholar. He was a great amateur in many fields of knowledge and the arts; he had all the gifts of a great politician and a political pamphleteer; and he knew that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed the world is ruled by little else” [1]. And as he had a mind capable of recasting, in the intervals of his other occupations, the body of current economic theory, he more than any of his compeers had come to affect current thought. Whether it was he who was right or wrong, only the future will show. There are some who fear that if Lenin’s statement is correct that the best way to destroy the capitalist system is to debauch the currency, of which Keynes himself has reminded us [1], it will be largely due to Keynes’s influence if this prescription is followed.…

Continue reading “On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective” »

Apr 19, 2011

On the Problem of Sustainable Economic Development: A Game-Theoretical Solution

Posted by in categories: asteroid/comet impacts, biological, complex systems, cosmology, defense, economics, education, existential risks, finance, human trajectories, lifeboat, military, philosophy, sustainability

Perhaps the most important lesson, which I have learned from Mises, was a lesson located outside economics itself. What Mises taught us in his writings, in his lectures, in his seminars, and in perhaps everything he said, was that economics—yes, and I mean sound economics, Austrian economics—is primordially, crucially important. Economics is not an intellectual game. Economics is deadly serious. The very future of mankind —of civilization—depends, in Mises’ view, upon widespread understanding of, and respect for, the principles of economics.

This is a lesson, which is located almost entirely outside economics proper. But all Mises’ work depended ultimately upon this tenet. Almost invariably, a scientist is motivated by values not strictly part of the science itself. The lust for fame, for material rewards—even the pure love of truth—these goals may possibly be fulfilled by scientific success, but are themselves not identified by science as worthwhile goals. What drove Mises, what accounted for his passionate dedication, his ability to calmly ignore the sneers of, and the isolation imposed by academic contemporaries, was his conviction that the survival of mankind depends on the development and dissemination of Austrian economics…

Austrian economics is not simply a matter of intellectual problem solving, like a challenging crossword puzzle, but literally a matter of the life or death of the human race.

–Israel M. Kirzner, Society for the Development of Austrian Economics Lifetime Achievement Award Acceptance Speech, 2006

Continue reading “On the Problem of Sustainable Economic Development: A Game-Theoretical Solution” »