Economics 10 Greatest Puzzles

Help needed with projects 215 - by 2015 our leading pro-youth partners aim to have published a quiz book on economics for 15-18 year olders (and their educators)- for example which 20 global markets matter most to the future of your working life and what is the best or worst purpose that dominant organisations or network brands could serve in each of those markets? -We also hope to viralise a snakes and ladders type game of the 13 greatest mistakes that the profession of economics could make unless they are intentionally aiming (in contravention to Keynes Hippocratic Oath) to system design a discipline that destroys the future of youth's productivity out of every community of our increasingly borderless world

if you may help email chris.macrae@yahoo.co.uk subject project 215

.What Values Do Free Peoples Want Economics to Compound

For much of the first 200 years since Adam Smith penned his original precepts, hi-trust values were the transparent foundation of economics whose purpose was aligned by entrepreneurial alumni of Smith as investing in next generation's productivity out of every community. The construct of a free market needs to be exponentially valued in this way. Moreover the French word entrepreneur's "between take" refers to the social challenge of transfomring a system where less than 1% own all the productive assets of life. The French guillotined Royalty for monopolising land, ironically Americans originally used a tea party to liberate the common person's freedom to happiness and productivity, and in a much more gradual way the British deployed a newspaper to overturn Empire . That was the founding purpose of The Economist in 1843 ; its future impacts were largely set in motion by its first 2 editors' mentoring of queen victoria -how the English constitution was to replace slave-trading empire by commonwealth. This extraordinary mediation journey is brilliantly-yet-surprisingly-modestly reviewed in The Economist's 1943 autobiography of its first 100 years

The least well known of Keynes findings in his General Theory is that "increasingly the world will be ruled only by economics". Even the demand for democratic government -particularly when framed by mass media's instantaneous soundbiting - doesnt exist as a reality separate from what economics rules. Keynes therefore required his last alumni take a hippocratic oath to sustain the entrepreneurial economics' Smithsian origin of purpose. Unfortunately fear and other command and control dynamics that entered into governments particularly due to the second world war caused an opposite school of economists to emerge. Those whose systemic design of compound impacts, knowingly or unknowingly, disinvests in youth out of every community and therefore turn goodwill into badwill systems infested with conflicts, whose transparency is ever more hidden in "need to know information". This Adam Smiths Joyful mapping of economics spiraled viciously into a dismal science.

Friends of ER and I (chris.macrae@yahoo.co.uk )welcome your nominations of which economists (and other inter-disciplianry luninaries of hi-trust leadership) in your own language valued investing in next generation's productivity out of every community: our valuetrue Hall of Fame includes Adam Smith, JB Say (the French economist who may have coined Entrepreneur), The Smithsian entrepreneurial alumni who (in 1843) founded and first edited The Economist: James Wilson and his son-in-law Walter Bagehot; in more contemporary times Hayek, Schumpeter, Schumacher, ...

Until humanity's societes raced to become globally interconnected, we could map the valuetrue purpose of any markerplace as being interacted by 8 levels of human exchanges - four to do with how productively we live and organise, and 4 to do with demand roles we adopt as customer, owner, employee/worker, and as inter-generational stewards of society. Integration of a global village networked world impacts every market sector by posong a 5 th demand and productivity. From a higher view perspective such as millennium goals, what is the most responsible purpose to be demanded of each global market so it sustains future generations compatibly with nature's evolutionary design and what form of borderless constitutions can help us naviagate win-wins so that all economies grow. Back in 1955 the European Union was formed as an experiment in ending risks compounding at geographic borders by interlinking economies potential to grow with each other. This grand experient in humanity's golden rule of reciprocity determinedly needs a different way of valuing future growth's challenge than US ratings agencies concerned with commanding every piece as separate. You can see economic interrogation of that challenge in the first third of a century (after Messina 1955) of articles logged up at The Economist

That few if any economists have addressed this puzzle in the last 40 years shows that the last thing you should want your country's future generations be ruled by is wall street ratings agencies. Their maths is totally wrong if what you are trying to decide is how to exponentially build is productivity and sustainability of future generations

How did this happen? Well governments and banks didnt want to fund academics to look at this so they increasingly forgot the problem existed. By the time they started pretending that the spreadsheet enabled evryone to do maths, they were so far off course from designing sustainable savings systems for peoples out of every place that the Wall Street lost decade of the zeroes was perhaps ievitable.

Whats surely not inevitable is not to recognise this problem since 2008 but Obama certainly hasnt found one economist who would dare explain that nothing he promised in 2008 could have a chance of being connected round young networking americans until this puzzle was resolved nationally and worldwide.

This is not a fault of global markets per se any more than it is of nature's selection rules being what they are. Markets are value exchange systems that keep on spinning in one of 2 directions - sustainability if multi-win exchanges are designed in and serila bubbles ending each involving an ever greater catastrosphic meldown if conflicts are embedded in the trust-flows of the exchange. Maybe I am biassed as an internationalist scot but I am pretty sure I know which of these two opposite systems Adam Smith was imploring free market economists to take responsibility to map.

The good news and the bad news, from the perspective of 2012, is that most global markets are now mathematically deeply floored if what you want is for the market's impacts to be safe for and sustaining of future generations. Only by admitting the fatal errors of the numbers men (and the global consulting advisers) that led the wall streets zeroes will the 2010s turn back to an exciting future all youth could now be building with 1 millions times more powerful col;ab tech than when man raced to the moon in the 1960s. Will we get grounded around earth's most exciting millennium goal challenges in time or overshoot the abundancy which nature's natural states of bottom-up and borderless evolve to celebrate?

Google makes websites easy for small S.African businesses, hopes to get 10,000 wired in year

By Associated Press, Published: January 19

PRETORIA, South Africa — Getting more small companies wired will help their businesses grow, and help their country fight unemployment, officials said Thursday as Google launched a project that makes it easy to showcase South African entrepreneurship on the Internet.

With a few clicks Thursday, the first entrepreneurs used Google Inc.’s Woza Online to create their own websites. Woza Online, which Google launched with help from South African government researchers and cash from mobile phone company Vodacom, offers free domain names with South Africa’s co.za tag for the first 10,000 applicants.

Comments

It took Rajis Reddy less than 15 minutes to set up a website for her company, which employs 10 craftsmen and other workers in rural eastern South Africa to create traditional, brightly colored wooden toys.

“We’ve developed a website!” Reddy said. “I can’t believe it.”

South Africa has the most vibrant economy in Africa, but also is beset by high rates of unemployment and poverty. The government sees small business as a key weapon in the battle to create jobs.

Businesses with Web presence “are able to be part of the globe,” said Elizabeth Thabethe, South Africa’s deputy minister of trade and industry, who joined Google executives at Thursday’s launch.

“Small businesses are an incredibly important part of a vibrant economy,” said Luke Mckend, head of Google’s South African operations.

The numbers in South Africa bear that out, said Taddy Blecher of South Africa’s Human Resource Development Council. Blecher said small businesses employ 65 percent of the 13.8 million South Africans with jobs.

“If we can just increase that presence by 10 percent, that will create 1.4 million jobs, just like that,” Blecher said.

Officially, a quarter of the labor force in this country of 50 million is unemployed.

Researcher Arthur Goldstuck, who regularly surveys small businesses in South Africa, says about 400,000, or two-thirds, are online. Woza Online is designed to address some of the most common reasons entrepreneurs give for not having websites — that they are too busy, and lack funds and expertise.

Bryan Nelson, Google’s business development manager, described Woza Online as “non-techie, simple, easy to understand.”

Toy entrepreneur Reddy’s unfamiliarity with the Web was apparent in her hesitant keyboard touch Thursday. But she easily navigated a fill-in-the-blanks process similar to completing an online order form. Entrepreneurs can dress up their sites with their own images or graphics provided by Google.

Blecher said services South Africans can turn to now would charge at least 1,000 rand ($125) to design a website, beyond the budget of many small businesses.

“We’ve been very slack online,” said Reddy, who said advertising until now had consisted of word of mouth and flyers. She sells her toys and other crafts at crafts markets in Johannesburg.

She had been considering going online to reach a broader market when a Google representative saw her wares at a market and approached her about Woza Online.

--- On Wed, 25/1/12, Taddy Blecher wrote:

From: Taddy Blecher

Subject: Report back on launch event on Thursday 19'th Jan
To: chris.macrae@yahoo.co.uk
Date: Wednesday, 25 January, 2012, 5:32

Dear Chris,

i wanted to give you a super-quick update on the progress with the 'Woza Online' initiative we launched on Thursday at Innovation Hub to put small businesses online. The launch went very very well. There are already over 1,500 articles about the initiative on the web, and its appeared on radio (multiple stations), TV (eg ETV news, CNBC Africa, etc), newspapers as well. 702 were announcing it hourly. Cape Talk doing two features. The number of new websites already created in just 3-days by SMME's in SA is already in the '4-digits'. The dti have put the initiative at the top of their home page http://www.dti.gov.za/ In summary the dti, Google, Vodacom and the HRDC have partnered to provide free websites to small businesses in South Africa. The initiative is known as Woza Online and can be accessed by going to www.wozaonline.co.za . Please spread the word to all small businesses you know, and to organizations that work with small businesses. A target of 100 000 free websites has been set. Essentially research presented at the event has shown that businesses that have websites are considerably more profitable than those that do not have websites. Arthur Goldstuck from World Wide Works presented some new research which showed that there are approximately 200 000 small businesses in South Africa that do not have websites. The websites are optimized for any cell-phone platform for viewing, and take less than 30-minutes to get a basic web-site online, and it is fully searchable on google and other search engines. This is a true public-private partnership (PPP) and is our first major entrepreneurship initiative for the year. More to come.... Here's an article from the Washington Post. http://www.washingtonpost.com/world/africa/google-makes-web-sites-easy-for-small-safrican-businesses-hopes-to-get-10000-wired-in-year/2012/01/19/gIQAn3nmAQ_story.html Kindest regards Taddy ____

DO YOU KNOW...

Q: Original Purpose of Economics? A The Scotland of the 1750s was at the end of a first generation to have found their country taken over by England's Empire., So Adam Smith was motivated to start writing about how to design systems so that peoples could could look forward to their next generation sustaining more productive lives than they had had ... 7 quarters later keynes general theory issued humanity's greatest challenge- economics as a systems science had reached the state that only economics rules the world ... more

Q: What do the man-made systems that rule the world look like? A Purposeful value exchanges composed round 5 main flows of how productively peoples lives are used and 5 main demands human beings make as co-workers, customers, owners, stewards of the globe, stewards of society at the village level - more

Q: Why can't human race in 21st C be sustained with choice of economics made by 20th C biggest banks and govs etc? A Long Story: ER alumni are in their 37th year of offering debating scripts eg1 on wht some industrial age systems after world war 2 were designed to be too big to exist as the first net generation became more connected than separated by geographical borders ... What is known is that 2010s is most exciting decade to be an entrpreneur because our impacts define what will be possible for all our childrens' children more

World Class Brands are in 25th year (as a subnetwork of Norman Macrae's Entrepreneurial Revolution) of helping sustain the most purposeful organsiations or markets in the world. Core to any charter of purpose is a quiz revolving round this question- who would uniquely miss what if this didn't exist?. From this Q&A's list of trust-flows, economics maps how to connect producers and demanders of the exchange in multi-win models of purpose. Henceforth, potential conflicts with this goodwill model are audited and resolved at every cycle so that unique purpose is celebrated to lead the future by continuously multiplying the most value and trust. This model provides the simplest benchmark around all exponential impact metrics of sustainability investement can be calculated and the transparency of all multi-win models are webbed around pro-youth economics. Questions welcomed chris.macrae@yahoo.co.uk washington dc hotline 1 301 881 1655

twitter with Rupert ... 21st century hack ... updates with Nick Davies

Not youth's economics of the world

Not our schools of the world

YouthandYunus.com

LeadersandYunus

Muhammad Yunus expresses faith in entrepreneurs at G20 summit

Posted on: November 23, 2011

Category: News

Microfinance Focus, November 4, 2011: Professor Muhammad Yunus was invited to deliver a key note speech during the G20 Young Entrepreneurs Summit held in Nice, France. Professor Yunus addressed an audience of more than 400 entrepreneurs from all G20 countries. In his speech, he shared his personal entrepreneurship experiences, his faith in young entrepreneurs to be the pillars of society and the need to include poor countries in the discussion process in making global decisions.

Professor Yunus being an entrepreneur himself started off creating the Grameen Bank that provides microfinance services to the poor who had little access to financial provisions. From that, he ventured into a wide number of social businesses such as Grameen Nursing College, Grameen Eyecare Hospitals, Grameen Shakti, etc.

He has always considered young entrepreneurs to be the most effective solution for the future. He said “In my opinion, G20 YES is a fabulous initiative, gathering so much energy and momentum from all over the world. Because of their creativity and leadership, provided that they commit to share the value they create, these 400 young entrepreneurs in this room can change the world.”

Professor Yunus is also a member of the Millennium Development Goals (MDGs) Advocacy Group, advising the Secretary General of the United Nations. Hence, he believes that the next generation of youths should be handed over the process of the MDGs as soon as possible. He believes that entrepreneurs will have a key role to play in fulfilling the MDGs, if they are committed to the social value created by their companies, and social business can be part of the solutions.

In his speech, he added that the G20 needed to broaden its scope to deal with the current world crisis. It can no longer remain a political forum with economic agendas. The G20 needs to create a social agenda as well. Professor Yunus proposes that ‘social business’ should be brought to the agenda of G20, as one of the concrete and effective solutions to be considered for immediate implementation so as to guide capitalistic investment towards social value and jobs creation, rather than sheer profit maximization strategies. A social business is a cause-driven business where profits stay within the company for its sustainability.

Lastly, Professor Yunus concluded that the G20 should be expanded into the G25, where poor countries from each continent should be included in the global agenda which they are part of. He added that “Their problems are inter-related with others, and their proposals of solutions should be considered by the most economically advanced countries in making global decisions. A G25 would be a big step toward ensuring that global social issues are raised, and MDGs implementation is fully shared on the global agenda. And finally, because fighting poverty together is the only way to bring long lasting peace in this world.”

Source: http://www.microfinancefocus.com/muhammad-yunus-expresses-faith-entrepreneurs-g20-summit

inquiries chris macrae info @worldcitizen.tv us tel 301 881 1655 ; us office 5801 nicholson lane suite 404, North Bethesda, MD 20852 USA - skype chrismacraedc

Mapping is a process of discovery. Crucially maps are only as usable as updating correctness of bottom up information. Think of your own use of a map. You look for the "you are here arrow". You want to be directed to somewhere/someone you dont know how to get to; you want your return vist to be safe as well as a value multiplying win-win.

Does anyone remember the simplest findings of einstein and jon von neumann. Einstein proved that to innovate more value you need to go more micro in what you model; von neumann showed that there is more value to be networked by interfacing safe flows across systems instead of ruling over separation of boundaries. There isnt a single global metrics profession that gets these mathematical -and natural - principles right. Unless we change this global markets will cycle through ever greater collapse and more and more communities will lose sustainability. Mapmaking is that critical an idea to what the net genration will achieve in 2010s; but its also one that children from primary age up can action learn. Its simple. Its just that it works the other way round from top-down people's fatal conceit.

It explores how to make the invisible principles and practices of real wealth creation visible, and therefore useable. Our planet needs case studies underline the search for new win-wins that build ‘system integrity’
Trust-flow is the unseen wealth to invest sustainability in. Tranpsarently mapped it develops a goodwill gravity tyhat invites with roleplayer in a community to multiply goodwill while sustaining their own cashflow.. Trust is not some vague, mushy, abstract warm-hearted sentiment. It is an economic powerhouse – probably just as economically and socially important as oil.
The point is, there are specific things you need to do to get trust flowing, just as there are specific things you need to do to get oil flowing. And like oil trust has a dark side. Right now, the world is awash with the carbon emissions which threaten the stability and sustainability of its ecosystems. Right now, the world is also awash with the ‘carbon emission’ of trust – mistrust. Indeed it may well be that our ability to tackle the one issue – the threat of environmental catastrophe – depends on our ability to tackle the other issue: how to generate, deepen, extend and sustain trust.>br>But what is the best way of doing this? One thing is for sure. You don’t build and sustain trust via some sentimental exercise of goodwill to all and sundry. There are three very simple principles at the heart of effective trust generation.
First, trust is generated via win-win relationships. It’s virtually impossible to generate or sustain trust without mutual benefit for those involved. But beneficial outcomes are not enough in themselves. For trust to be built and sustained, both sides need to signal a demonstrable commitment to finding win-win ways forward. Such a commitment may require real changes to what we say and do. Second, real ‘win-wins’ are hardly ever purely financial or material. You don’t build trust simply by walking away with more cash in your pocket. Trust works at all the dimensions and levels of human exchange. Yes, it’s about financial and material rewards. But it’s also about purpose (what people want to achieve). It’s about politics with a small ‘p’: the use and abuse of power, the crafting and application of rules of fair play. And it’s about emotions: the sometimes overwhelmingly strong emotions, both positive and negative, that are generated when people deal with other peopleWhat’s constitutes a ‘win’ – a sense of real improvement – is therefore highly specific. It depends absolutely on the details of who the parties are, what they are trying to achieve, in what context. Building trus, therefore involves discovering these specifics. Just as oil doesn’t flow out of the ground, get refined and pump its way into motor vehicles automatically and without effort, so identifying and doing what is necessary to get trust flowing requires dedicated, skilled effort. It requires a disciplined, structured process, not a vague sentiment.

3) Third, even if we do steps 1) and 2) there’s still a good chance it won’t succeed. Why? Because it ignores an invisible third factor. In the real world, purely two way bilateral relationships don’t exist. There is always a third party whose interests or outcomes are affected by what the other two parties do but who is not a party to the contract. The environment is a case in point. Producers and consumers may both benefit from buying and selling to each other – but what happens if, in doing so, they destroy the environment they both depend on?

This raises a hugely important question. When two parties pursue win-wins and build mutual trust, are they doing so in a way which creates a win and builds trust for the third party at the same time? Or are they simply pushing the problems – and the mistrust – further down the line on to this third party? Building vigorous, healthy networks of trust is a different kettle of fish to ‘you scratch my back and I’ll scratch yours’ win-win conspiracies. It requires a Map of all the key relationships plus careful consideration of knock-on consequences. It requires a different perspective.

These three simple, basic steps do not happen automatically. They need to be worked at. The territory needs to be deliberately Mapped and explored. What’s more, there are obstacles in our way – mental and practical obstacles that need to be cleared. Prevailing economic theories about ‘rational economic man’ for example, deny the need to commit to win-win outcomes. Instead, they promote supposedly ‘rational’ (i.e. narrowly selfish behaviours) which actively undermine trust The same theories insist that the only valid measure of human benefit is money, thereby excluding from consideration many of the biggest opportunities for improvement. Meanwhile many vested interests do not want to extend the circle of trust to third parties and complete networks because their positions of power depend on their ability to take advantage of the weaknesses of these third parties. That’s another job for Mapping: helping to identify and mount such obstacles.
The potential benefits of doing so are unthinkably huge. They start with a simple negative: the relief that comes from when you stop banging your head against a brick wall. Mistrust breeds wasteful, wealth destroying conflict that tends to feed on itself. Anger and hatred engender anger and hatred. Simply easing or stopping the terrible waste of mistrust would transform prospects for many millions of people. We desperately need to find ways of doing this. Then there are the positive benefits. Understanding the real nature of human wealth – all those dimensions of purpose, ‘politics’ and emotion as well as money and material comfort – means we can start being human again; human in the way we think, and act. What’s more, many of these intangible benefits won’t cost a penny. They’re there for the taking, if only we puts our minds to it.
But there’s more, because trust is also an economic superpower in its own right. In the pages that follow we will show conclusively that material and financial riches are also dependent on trust. In fact, we will argue the case for going one step further. We will say that material and financial riches are a by-product of trust: the visible fruits of invisible, intangible human exchange. Once you understand that sustainable cash flows are a by-product of sustainable trust flows, your understanding of what makes a successful business is transformed.
Separately, each of these three fruits – reducing the waste of conflict, unleashing the potential intrinsic benefits of human exchange, and energising the sustainable creation of material wealth – are massive in their own right. Put them together and they represent a vast new continent of opportunity.
As we said, this book is addressed to entrepreneurs and system innovation revolutionaries. Wherever you happen to be, whatever the change you want to make is, the principles explored in this book apply. The wish to change and the will to change are not the same as being able to change successfully. For that you need to understand your territory. You will need new Maps