Professor CNu said...
The success of an economy depends on its ability to invent and embrace new protocols. Kling and Schulz use North’s phrase “adaptive efficiency,” but they are really talking about how quickly a society can be infected by new ideas.A protocol economy tends toward inequality because some societies and subcultures have norms, attitudes and customs that increase the velocity of new recipes while other subcultures retard it. Some nations are blessed with self-reliant families, social trust and fairly enforced regulations, while others are cursed by distrust, corruption and fatalistic attitudes about the future. It is very hard to transfer the protocols of one culture onto those of another.
Economic change is fomenting intellectual change. When the economy was about stuff, economics resembled physics. When it’s about ideas, economics comes to resemble psychology.
David Brooks writing about the GSBS.
10 comments:
happy holidays to all and theirs :)
Merry Christmas and Happy Holidays, baby.
Merry Christmas sweetness.
Merry Christmas and Happy New Year to all my blog family. I am grateful for all of you and count it a blessing to exchange thoughts, ideas, and love with you all!
Hug your families, be kind to strangers and thank God for his mercy towards u...
tgn aka janet's dtr...
Merry Xmas Bru!
The success of an economy depends on its ability to invent and embrace new protocols. Kling and Schulz use North’s phrase “adaptive efficiency,” but they are really talking about how quickly a society can be infected by new ideas.
A protocol economy tends toward inequality because some societies and subcultures have norms, attitudes and customs that increase the velocity of new recipes while other subcultures retard it. Some nations are blessed with self-reliant families, social trust and fairly enforced regulations, while others are cursed by distrust, corruption and fatalistic attitudes about the future. It is very hard to transfer the protocols of one culture onto those of another.
Economic change is fomenting intellectual change. When the economy was about stuff, economics resembled physics. When it’s about ideas, economics comes to resemble psychology.
David Brooks writing about the GSBS.
[quote]The success of an economy depends on its ability to invent and embrace new protocols. [/quote]
KCNulan:
As it relates to the people who are in power in various metro-economies around the nation that you favor - can you detail for the board exactly WHERE the spirit of "new protocols" that might better leverage the human resources contained within are being incubated?
None of this lack of development seems to derail the establishment machine.
It makes one wonder if their continued power is from the appearance of supporting what you say but doing so out of "serving people" with entitlement rather than from actually INNOVATING.
Well Ronald,
"down-to-the-keystroke" instructions for implementing a set of sustainable job creation protocols will be emanating from my fingertips over the holidays.
and no, I will not be sharing these with you.
however, you are free to read about them when they're reported to your attention next fall.
until then, you'll just have to wait and see what the mastermind yields...,
Merry Christmas D.V to you and your family.
[quote]and no, I will not be sharing these with you.
[/quote]
I understand KCNulan - "Anarcho Capitalists" never were into "Open Meetings" or "Sunset Laws" as they gathered to conspire about the next round of social and economic control mechanisms.
Don't you think that you should apply your brilliance to Kansas City KS's employment problems first? Its only right across the river from you.
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