Date archives "February 2012"

Can Can Modern Monetary Theory (MMT) save Europe from Austerity?

Republished from Michael Hudson: (no source, received via Tadit Anderson) “I have just returned from Rimini, Italy, where I experienced one of the most amazing spectacles of my academic life. Four of us associated with the University of Missouri at Kansas City (UMKC) were invited to lecture for three days on Modern Monetary Theory (MMT)… Continue reading

How Barter Followed and Did Not Precede the Creation of Money

David Graeber lays bare one of the key myths of economists, i.e. that money followed and simplified barter, while the historical and anthropological evidence shows the opposite: “1) Adam Smith first proposed in ‘The Wealth of Nations’ that as soon as a division of labor appeared in human society, some specializing in hunting, for instance,… Continue reading

Metal, code, flesh: Why we need a ‘Rights of the Internet’ declaration

By Nicolas Mendoza: Click on Image to Enlarge Chiang Mai, Thailand – “OH $%#@!”, reads the caption under the image depicting a group of protesters wearing Guy Fawkes masks and holding both humorous and denunciatory signs, “The internet is here”. The caption not only conveys the sentiment that drove US congressmen to drop their support… Continue reading

Do P2P-driven Economic Practices Need Business Models and New Value Chains To Thrive?

Excerpted from Paul Lightfoot, CEO of hydrophonic greenhouse producer BrightFarms: “To truly shake things up in a market, innovations also need new business models as well as what Christensen calls “value networks” – new supply chains, channels to market and so on. Without such support, established leaders can squash or co-opt new players, sometimes killing… Continue reading

Resource Sharing – Grounding the 21st Century Economy

Title: Resource Sharing – Grounding the 21st Century Economy Authors: Paul B. Hartzog, Sam Rose, Richard C. Adler License: Creative Commons Attribution Share-Alike Ref: FF-2010-2-1 Introduction   Twenty-first century wealth-generating ecologies need to remain robust and flexible in order to allocate resources quickly and efficiently, and to mitigate the effects of constant fluctuations and redistributions…. Continue reading

Singularity University’s Concentric Circle Educational Delivery Model

If you want to know the future of an institution, look at those starting today. Excerpted from Nilofer Merchant: “A mark of a good university was to have hired leading-edge researchers into full-time tenured faculty roles, in big buildings. Impressive facilities were a way of showing off the power of your wealthy alumni. Singularity University… Continue reading

Spanish Supreme Court to Review Sinde Law

Source: Mike Palmedo – InfoJustice The Spanish Supreme Court has agreed to review the Sinde Law, which the Association of Web Users has challenged as unconstitutional. The Sinde Law creates a government commission to review allegations of copyright infringement, which can order internet service providers to block access to websites hosting infringing content.  The Association… Continue reading

Book of the Day: The Third Industrial Revolution

Jeremy Rifkin. The Third Industrial Revolution: How Lateral Power is Transforming Energy, the Economy, and the World, Palgrave Macmillan 2011. The Industrial Revolution, powered by oil and other fossil fuels, is spiraling into a dangerous endgame. The price of gas and food are climbing, unemployment remains high, the housing market has tanked, consumer and government… Continue reading

The Social Business Revolution within Enterprise: a conversation

Excerpted from a conversation between Christian Finn and Andy Mulholland. “What requirements are needed for organizations to become “social businesses”? Mulholland: In common with many others who have experienced using social networking in their day to day activities I believe the change is as much cultural as organizational, telling people to use a social network… Continue reading