|
|
 |
|
this seasons highlights | world bank: walking social instead of bowling alone | | | | | | | | | |
rsvp chris.macrae@yahoo.co.uk if you can help guide youth round
missing curricula of bottom-up economics and massive collaboration -eg sample
What if
you and yours could be freely educated by the 10 people who want the net generation
to create the most and best jobs humans have ever served - and that this also depended on 7 billion
human beings collaborating to end poverty?  | 2030nowjimkim2transcripts.doc, 40 KB #2030now help us catalogue job-creating solutions at BRAC and inspired by Yunus: 1 with leading partners, 2 by city, with millions of poorest global village families |  | W4E/F4D - videos 1 2 3 |  | summary of maharishi uni.doc, 556 KB |  | GlobalDreamRealised- Lucknow @ 60 -astonishing solution an average illiterate person can learn to read to a newspaper within a month or so with just
10-20 minutes of time investment per day. They do not need a teacher, or a classroom, or fixed timings. They do not have to
spend 3 years to start reading. Anyone can become a mentor and they can learn anytime, anywhere with anyone’s help and
quickly" ............................... |  |
4 June 2014 Can
Washington DC's WEEK OF MICROCREDIT RE-EXAMINATION LEAD TO MILLENNIAL RELAUNCHES ALL OVER THE PLANET? Over
50% of millennials live in Asia Pacific - their message to US millennials
from Beyond Capitalism conference at University of Tokyo last week: IF NOT NOW WHEN? So Does anyone have an uptodate circulation list of student microcredit chapter coordinators and if so is there a message
worth sending out?
On june 16-17 2014
usaid hosts a 2-day online jam on everything its learnt about microfinance Through June 21-24 the annual summit of results is hosted with
amazing keynotes on June 22 and June 23 including Jim Kim -before he became ceo of world bank jim kim adopted porters value
chain model to transforming how pharma innovated hiv drugs- I have no doubt at all if jim kim was free to catalogue value
chain transformations of every market sector currently chaining poverty, the race to end poverty would be winnable by millennials | From: Brian Weinberg <bweinberg09@gmail.com> To: AC
AS AO ehr RB NM KB CT TD
Sent: Thursday, 27 September 2012, 21:06
Subject: Re: Yunus Event (September 28) - 10 Student/Young Professional Leaders
Are you excited? I know I am.
Here are a few last minute details:
meetYunus/Bhiuyan in the Green Room at 2pm. Each of you have a ticket to the 3pm event See you soon, Brian
On Tue, Sep 25, 2012 at 10:13 AM, Brian Weinberg <bweinberg09@gmail.com> wrote:
Dear Dr. Biuyan, Sylvia, and Chris:
In gearing up for the
Yunus event this Friday, I wanted to share the impressive bio's of the student/young professional delegation with you. Find them here. Sylvia, can you make sure these names get on the list as discussed?
I had the honor of seeing Yunus yesterday at CGI and am super excited
to engage in this dialogue with everyone.
|
What's
the very least we can do? If you know a student chapter leader of a microcredit or social business clubs 2014-2015 why mot
ask them to submit on one page what they would need for nov 2015 atlanta summit to break through all the muddle of not having
a benchmark curriculum of how bangladesh since 1972 actually designed its bottom up solutions -send them to me chris.macrae@yahoo.co.uk
and I will bind them up and make sure yunus and every host in atlanta has a copy at their final summit rehearsal 27 september
2014
If someone has a simpler or more effective idea please reply now . In parallel you can also
make your kark at the relatively new yunus-out of dhaka launch of www.socialbusinesspedia.com
washington dc 301 881
1655 skype chrismacraedc co-author 1984 of The Economist's book on the 30000
microfranchise search needed to sustain the net generation and the millennium goal mediation processes that public mass media
and online new media would need to support for microeconomists to achieve their end poverty purpose
-----
Forwarded Message -----
From: USAID's
Microenterprise & Private Enterprise Promotion Office <microlinks@microlinks.org>
To: chris.macrae@yahoo.co.uk
Sent: Wednesday,
4 June 2014, 18:14
Subject: Speakers Corner
June 16-17 | Building on the Past, Shaping the Future of Financial Inclusion for All
|  | HOSTED BY USAID'S OFFICE OF
MICROENTERPRISE AND
PRIVATE ENTERPRISE PROMOTION | |  | June 16-17 Online
Event |  | Day 1 Learning Across the
Decades | | Day
2 Emerging Pathways to Financial Inclusion |
| Discussion Facilitators: | |  | | |  |  | | | ANICCA JANSEN Former USAID/E3/MPEP | | | JENNEFER SEBSTAD USAID/E3/MPEP
| | |  | | |  | | | | KAY MCGOWAN USAID/IDEA | | | JOSEPH OBI USAID/E3/DCA |
| JOIN US... Join this online discussion on June 16-17 as USAID, industry experts, and microfinance
practitioners explore the learning across decades of work in microfinance and examine the emerging pathways to financial inclusion.
We look forward to hearing your experiences, learning, and ideas for moving forward. We invite our participants to share
experiences about their organizations' most impactful program or success story, significant lessons or challenges with working
in microfinance, and burning issues that the microfinance community has not yet tackled. To close, we will also consider emerging
pathways to financial inclusion. |
|  The success of USAID’s investments in microfinance since the late 1960s was fundamental in building today's trillion-dollar
microfinance industry and inclusive finance global movement. Over the past several weeks, USAID revisited its role in the
microfinance evolution through our "Studying the Past, Looking to the Future" blog series. To wrap up this retrospective, USAID will host a Speaker’s Corner on June 16-17, 2014. |
|
About Norman Macrae Family Foundation for Youth Journalists of Economics and Open Education - 6 generations of our international scottish family
have been concerned with questioning who's economics and who's policy are
ruling how the first net generation's 7 billion livelihhods are spent? Freedom example: valuing equality's rights
how do women, youth and the poorest get as much voice over their futures as men, old and richest? | | Being an internationalist
Scot interested in systems designed to opitimalise all humans (notably sustaining all our childrens) livelihoods (productive
freedoms as entrepreneurially described in opening lines of 1776 declaration of Independence) I suggest rewinding to 1758
when Adam Smith published theory of moral sentiments . Q1 To integrate every cultural viewpoint please tell us of other starting
points for exploring open systems -eg Yin & Yang Exercise 1 would you vote for or against von hayek's assertion that one of the 10 most dismal things after world war
2 was the way the Nobel Prize siloised the Yin of Peace from the Yang of economics (twitter about what consequences of mastering
valuation and professionalism spiralled from separating these 2 types of system designers?) My father Norman Macrae spent his last days as teenager navigating airplanes over modern-day Bangladesh. He survived, went up to Cambridge to
be mentored by Keynes. Keynes' last few pages of General Theory define economics to be blended with designing peaceful futures-
he specifically says because "increasingly futures are designed by economists" the greatest risks to the futures
of next generations are elderly economists who either make an erroneous assumption in their system of rules, or where innovation
changes the rules. Q2 have you ever been taught not only how to administer a system of rules but also to ask whether the system
is reaching the limits of its sustainability? If so do you know of a case where the professionals who operated the system
led the change-over to a new system exponentially ahead of time? After Keynes my father worked as The Economist's
pro-youth economist. http://normanmacrae.ning.com/forum/topics/norman-macrae-books-surveysIn his 1972 survey of the next 40 years he called for a review of all the short-terms fixes that politicians and economists
had made before the net generation emerged at start of the 21st century in the midst of the greatest media and productivity
revolution our human race has ever explored. Without such a review the survey predicts total meltdown of the global financial
system in the 2010s. Q3 my daughter inspired by those such as Muhammad Yunus twinning future capitals along Road
to Atlanta Nov 2015 http://youthcreativelab.blogspot.com has started up a blog http://21herstory.blogspot.com - if you do find a macroeconomic rule that you feel the poorest women have a right to ask the world to reconsider please
come and co-blog it What are the system designs that jobs creating youth might want economist to revalue urgently?
Here are some of my favorites - Q4 what are yours? First wont many of us as knowhow networkers want to opitimise
our virtual/worldwide poroductivities not just those confined within a single nation's borders? If so how does the professor's
opening framework linkin that? Second, https://www.youtube.com/user/yunuscentre if economics is to represents the productivities and demands of 99% of people not be commissioned as the vested
interest of 1%, isnt it better to adopt the Keynes view that economics devalues itself as soon as it becomes politically tribal
or mediated by big moneys vested interests? Third whenever you look at an economic framework- ask (as any mathematician
is honor bound to do) what choices it actually censors out from even questioning the human worth of. Some that concern
me most in helping hosts twinning youth jobs summits across capitals (what world bank jim kim calls the defining social movement
of the net generation) are: --why are all currencies designed by governments - what we see from the most inspired
digital experiments of ending poverty is cashless banking which could be sustained by a worldwide youth currency --collaboration (way above zero-sum models) http://innovations.ning.com is the open source advantage of the net generation - how are its dynamics represented in any ruling economic
model; and more specifically does the model wholly value how knowhow can multiply value in use unlike the industrial age scarcities
caused by consuming up things --it becomes pretty clear that old economic models are framed to make the case
that abundant/renewable sources such as open education and solar are "not economic". BUT in the world
I want my daughter to live in any such model is not merely as inconvenient truth -dismally it turns the economist
into a less trustworthy character than my profession as a statistician is dubbed with (liars, damned liars, and S) Ending much more joyfully, I would recommend www.ineteconomics.org as a benchmark - its the bright side of Europe's east today https://www.youtube.com/watch?v=BU1qSQzTN7kits the bottom-up billionnaire George Soros' invitation to youth to rethink economics from the ground up, and why
shouldn't khan academy's next theme help with that in such a way that Open Society, Open Source, Open everything possible
is valued the way nature does in selecting who are to be the players on her whole planet | 43rd year of Charter of Entrepreneurial Revolution We would love to
hear from you if you value spreading this 21st c curriculum of economics started in The Economist 1972 (codename Entrepreneurial
Revolution) VALUING MICRO SYSTEM DESIGN The greatest investments humanity makes are not through its largest organisations but in
its children through families - and where they lack capacity or happiness through supporting community | What's your dream world-
the 7 wonders of ER are: Where education is job-creating, open and frees youth's to explore their livelihoods Where media chartering is smart connecting a planet around collaborative innovation of sustainability solutions
every community may need most to empower -linkin open society and open source technology and digital networking's death of
distance |
WHO DESIGNS FUTURES WHO We
adopt the Keynsian mindset that economists systemically "design/compound futures.' More than any other expertise they
need to value the hippocratic oath of do no harm. The number 1 job of the economist is to end poverty of the sort that fails
to invest in each child's freedom to be productive | Where
public servants rule-driving professionals are connected around whole truth search for ending inequality and capital structured
around family savings for next generation's jobs, as well as win-win trades with neighbours Where clean food, water, energy, pathways to zero-waste are locally accessible to all |
43rd year of Charter of Entrepreneurial Revolution We would love to hear from you if you value spreading this 21st c curriculum of economics started in
The Economist 1972 (codename Entrepreneurial Revolution) VALUING MICRO SYSTEM DESIGN The greatest investments humanity makes are not through its largest organisations but in
its children through families - and where they lack capacity or happiness through supporting community WHO
DESIGNS FUTURES WHO We adopt the Keynsian mindset that economists systemically
"design/compound futures.' More than any other expertise they need to value the hippocratic oath of do no harm. The number
1 job of the economist is to end poverty of the sort that fails yo invest in each child's freedom to be productive POST-INDUSTRAL
REVOLUTION The coming communications revolution of the net
generation offers 10 times more for humanity to win or lose than the industrial revolution with its wars over who and
where should participate in 200 times more health and wealth than 1800. Principles of Entrepreneurial Revolution: | What's your dream world-
the 7 wonders of ER are: Where education is job-creating, open and frees youth's to explore their livelihoods Where media chartering is smart connecting a planet around collaborative innovation of sustainability solutions
every community may need most to empower -linkin open society and open source technology and digital networking's death of
distance Where public servants rule-driving professionals
are connected around whole truth search for ending inequality and capital structured around family savings for next generation's
jobs, as well as win-win trades with neighbours Where
clean food, water, energy, pathways to zero-waste are locally accessible to all Where basic health services are locally available and innovation is valued around search for
extremely affordable Where next global village
infrastructure enabling local to local trade for 99% of people isnt party political but benchmarked from round the world examples Where
peacekeepers and economic mapmakers are blended in agreeing whatever sector you spend your life practising service in most
is led by the purpose that most progresses the next generation's lot. Where every possibility to model way above zero-sum
is assumed to be the innovation net generation are invited by elders of every culture to joyfully explore. Where the human
race to poverty and unemployment museums becomes United. |
|
queries - info exchanges welcome - chris.macrae@yahoo.co.uk washington dc region
1 301 881 1655 
What I like to do most of all is swap stories of Capitals that are open-society collaborating in youth futures (livelihoods rising communally) - after all isn't that what the worldwide web was designed by world changer
Berners Lee for? As an internationalist Scot I came to Washington DC 18 years ago (accidentally as my wife and then
my baby daughter wanted to study here).. Maybe I have been looking in the wrong place, but largely I would say this lobbyist's
epicentre and relic of 20th C superpower ranks near the value multiplying bottom of capitals helping youth to change the world.
Dont misread me- of course Wash DC has huge resources and arguably number 1 brand for helping youth but it is dominated by
the segment of economists Keynes feared most as destroyers of youth futures (if while you are a teenager only ever read one
extract by an economist I would recommend the last 3 pages of Keynes General Theory)
However there have been
a few extraordinary signs recently so I suggest if you post - on DC or your capital - you just list the positives:
3
World Bank youth summit cheered on by JIm Kim and seconded by UN Envoy for Youth (love this plea for the next social movement https://class.coursera.org/changetheworld-001/lecture/33 )
2 Blessed Coffee's The best value chain map for calling the world of 200000 poorest African farmers I have ever had the privilege to audit
1 Being invited to judge
a youth Entrepreneur competition animated out of Tuskegee University- a university founded by the former slave Booker T Washington.
This being a part of a world series of events where a whole region is asked to "listen to your youth's most entrepreneurial
pitch" connected by youth's favorite job creating economist Muhammad Yunus (his DC meetup on this being here and this change the world finishing line for celebrating youth's 2015 millennium goals converging here)
Proposal- Why not celebrate 170th birthday of
The Economist with an open learning version of
Norman Macrae's Pro-Youth Economics Curriculum - Entrepreneurial Revolution?
|  | 2013 year of MOOC 
| 1972 year that The Ecinomist's pro-youth editor first sees experiments of youth sharing knowhow on a digital
network and launches Entreprenurial Revolution to map, value, invest net generation's 3 biullion new jobs |
Keynes ended his life's opus "General Theory" with: Now that we know that the
world will increasingly be ruled only by economics, what values do we need to design into economics? This was arguably the most important maths question ever posed although Einstein and Von Neumann
also worked on synergetic quesries. - Choose the right values and economists ill help people design
futures that most of our human race wants most,
- Choose the woing values and economists (and other ruling professions)
will be perfect at destroying human futures
Keynes chose to answer his question : make sure your
system designs are pro-youth - ie investing in next generation's productive potential to improve the human lot out of every
community. Norman
Macrae Foundation www.NMfound.net www.microeducationsummit.com & www.considerbangladesh.com NMfound education and journalism projects since 2008; www.worldclassbrands.tv a NM found leadership valuation project since 1988 5801
Nicholson Lane Suite 404 N.Bethesda MD 20852Tel 301 881 1655 email chris.macrae@yahoo.co.uk Using
that logic my father (Norman Macrae) The Economist's editor of pro-youth economics for most of te sceond half of the 20th
century, proposed the genre of Entreprenurial Revolution in The Economist to integrate debates of the most exciting goals
the 21st century could be born with immediately after his life-changing introduction to youth sharing knowledge around a digital
network in 1972. A secondary question of deep mathematical priority is : having chosen the value that you
wish man-made systems to be ruled round, what other values correlate positively and which values have negative correlations
(ie can only destroy the value you chose to compound the future round)? Here are some positive and negative
associations with pro-youth economics. What this means is if you find yourself being governed by a system that stimulates
any of the columnised behaviours and mindsets you are likely to be spun around all of the ones in the same list.
Pro-Youth | .,Devalues Youth, |
Multiplies goodwill, transparency
and sustainability of all communities. | Mutiplies badwill, hidden conflicts and exponential loss of sustainability
starting with places that already have the least resources for youth to grow up safe and smart | Relentlessly
and optimistically explores for next gamechanger toward win-win-win | Spends ever more money chaining peoples
to lose-lose-lose and rules over fear of change even while claiming to celebrate progress | Celebrates
bottom-up and open wherever media innovation offers a choice | Gives away the commons to ever more big brother-
command and control, and divide and siloise | Thrives on linking in all the positive emotional
intelligences- love hope trust happiness | Breeds such emotional cancers as hate , distrust, depression and loss
of hope | inspires cross-cultural self-confidence before adolesence | represses cross-cultural
self-confidence |
Economics -man-ruled global system design - spirals exponentially in one of 2
opposite directions. There is no halfway answer to the question: what futures do you wish for the human race to invest in?
For that reason we urgently recommend that Keynes Last Question should also be introduced in through open worldwide curriculafitted for every grade from 3rd (8 years up). Since 1984 we have been mapping which education entrepreneurs
agree with this need - rsvp chris.macrae@yahoo.co.uk to share searches that map the left-hand journey throigh the 21st C and the most exciting goals humans conceive of co-producing.
In 2010 we have a million times more collaboration technology than when man raced to the moon. LET IT BE www.worldeconomist.net
| www.worldeconomist.net nobody who calls themselves an economist can afford not to explore social business modelling. This
is because its models represent investment banking in the next generation while standard mba models and wall street models
represent "the big" of past generations. Social business models value questions that were literally unthinkable
before digital technology. For example, before digital cash, the developing world was one where over half of youth would grow
up never to use a bank account because non-digital transaction records cost more than the transaction sizes they start trading
with. Whether your country chooses digital banking regulations that are pro-youth or anti-youth will likely explain more peoples'
growth or destruction over the next decade than any single innovation challenge. Help include youth's voice in this debate
at http://innovations.ning.com The most entrepreneurial dialogues I have so far found on digital cash come from Japan and what I call
the ABC regions - Africa, Bangladesh, China - where do practice labs of digital cash entrepreneurs excite you most |
The
Opportunity of Economics- to design futures peoples want; the risk of economics to destroy futures peoples want most exciting newspaper journalist of last 75 years - believe my
dad was - download leaftet on norman macrae - since he died in 2010 I search as hard as anyone for a modern contender! almost from adam smiths first words came the warning - keep economics free
to be all the peoples subject - not a few top-down experts- Today's nightly news is being monopolised by experts in
destroying youth's futures - this web welcomes ideas on how to return democracy, youth and diversity to economics, but norman
also suggested a simpler way may be to choose one practice area (market sector) whose future you are passionate about questioning-
what could its most exciting purpose be for the whole human race to unite round co-producing? chris.macrae@yahoo.co.uk |
download leaflet - Entrepreneurial Revolution -Norman Macrae's celebration of purpose of internet generation since 1972
| Most Exciting Pro-Youth Purpose | Case - you tell us rsvp chris.macrae@yahoo.co.uk | | Most Exciting Investment Banks | The 2 Bangladesh Banking systems representing 15 million
poorest village mothers -download norman's last article (2008) on how to learn from hi-trust banking so as to prevent quintuple dip recession thru 2010s | | Most
Exciting USA Companies | Interface - even a carpet manufacturer can profitably lead by planning to get to zero
carbon footprint wholefoods- promotions most loved by employees mainly create a doubling of million jobs supported in
developing world every 4 years thanks to al at http://wholeplanetfoundation.org | | Most Exciting Universities | Highly
resourced MIT - greatest job creating alumni network in world Lowly resourced - south africa free university movement
of mandela partners organised by www.taddyblecher.com | | Most exiciting broadcaster | www.africa24tv.com searching 40 industries and hi-trust industry leaders african continent needs to be self sufficient in | | Most
exciting economic models | Japan - created most win-win models of world trade ever seen including revolution in
manufactiring quality and start up of whole asia pacfific region | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
example SAVE EUROPE IDEA 1 - Ideas welcomed by
JSB Why not issue Euro2 by printing 5% more euros but inxex
Euro2 to a basket of worldwide countries with the lowest youth unemployment The only banks allowed to start loan chains with euro 2 invest in people's productive lifetimes
, not property or conspicuous competition, they have a track record of 95% + payback of loans as well as minimal use of lawyers
and collateral in their relationships with small enterprises. We believe the EU's project Jasmine has the knowledge to select
banks with this pedigree. SUSTAINABLE
INVESTMENT POLICY In the future, when Euro2 is invested in large corporations, the board must havethe transparency to
measure goodwill as auditing a multi-win model
these win-win-wins celebrate a combinatorial pattern owners are not interested in short-term extraction but long-term win-win-wins turnover of employees is low because employees
trust the organisation is investing in their working lifetimes purpose
of company is aligned with what youth vote the greatest responsibility for the sector to be local
societies trust the company to live up to not destroying natural or human capital , and not causing any cross-cultural conflicts these companies demand that business partners show their own goodwill auditing so that no
risks are compounded at boundaries between organisations -the most essential innovation a networked world needs
every profession to transform its rules round to be sustainable such
a network of companies does exist - they eschew phony capitalism and call their values conscious capitalism this
metric of goodwill was proven by eu intangibles research 2000 -2003 to be missing; this research showed that corporations
that did not do this audit would compound risk unseen; brussels ended funding of this research saying politicians believe
that adopting this audit is not an issue that gets votes and won't be until we have at least 3 european enrons in on year.
Europe has now suffered far more than that - the reason auditing goodwill hasn't been adopted is that it conflicts with the
way big bankers, and the politicians they lobby, reward themselves - but that's what youth needs in any country that is to
invest in pro-youth economics; research shows that hi-trust goodwill
auditing will also conflict with - companies whose marketing spend huge ad budgets so that image is more important
than reality but that's what youth needs;
- leaders who outsource the risks
their company knows most about but that is what youths futures need
when they invest in community-replicated service franchises, they do the sort of due diligence
reported by investors in social impact bonds at the EU conference november 2011 and the issue of Euro2 calls for a complete
Europe-wide portal of such franchises being accessible for all Europeans to see at communal and individual levels of transparency
and entrepreneurial empowerment. Where countries have public broadcatsers they should be given first rights to reporting god
news from this portal Our journal welcomes nominations of organisations whose business model includes transparent
goodwill auditing carried out at the same performance cycles as cashflow auditing but reported in terms of what exponential
trajectory the company si compounding into the future - sustainable up because no conflicts are entering into the multi-win
model, at risk of turning exponentially down as conflicts are appearing and not being resolved by leadership and company-wide
actions
video of inauguration of yunus as youth's favourite
economist at London School of Economics http://www.youtube.com/watch?v=V2lXpKq_Jqw&feature=youtu.be
The famous economist, Maynard Keynes, became a very concerned person at the end of his life. Would economics
end up as a schizophrenic discipline? His general theory proved that the world would increasingly be ruled only by economics.
Power can be used to good or bad ends, and the latter could be the fate that fatal conceits of macroeconomists globalised. Between 1843 and 1943 the centenary biography of The Economist shows that economists were united around trying to
improve the human lot by improving productivity of youth out of every community. After world war 2, western economists increasingly
hired themselves out to political chicanery, often accidentally being sponsored by the big gets bigger, the speculative more
speculative, or the political more bossy, or the media man who values perceptions over realities. By the end of the 20th
C , like Gandhi’s decent Englishmen who ruled the Raj in the 1920s most guru economists did not understand how many
conflicts their top-down models were destroying people’s productive lifetimes and sustainability of communities at the
ground level The bad news and the good news of being ruled by the world’s greatest maths mistake
(badwill economics instead of goodwill economics) is that only by changing the maths can the extraordinary power of networking
technology spread sustainability solutions and youth employment through all the world’s communities. We have entered
the 2010s with Moores Law doubling every year or two the errors of disinvesting in youth, as well as the last few years window
of opportunity for reversing the human race’s trajectory back to a sustainable world. THE
MOST EXCITING TIME TO BE ALIVE Join
us in mapping how to connect every community In making 2010s youth’s most productive decade. |
|
Where can you click to see 10 times more economic community models that you could transfer
to maximise youth's productivity anywhere that matters most to you and yours? My father chronicled this forbidden question over
60 years including 40 at The Economist. http://normanmacrae.ning.com/forum/topics/norman-macrae-books-surveys His last 2 tips would be to consider bangladesh's first 40 years as a free nation and to celebrate african idols. We can also search by vital practice areas such as: joyful bankers job
creating and pro-youth educators green energisers conflct-resolving
professionals who value multi-win models in ways that are simple enough for all to celebrate healthcare
workers who want everyone to be able to afford the most productive life Nigeria Flying Doctors Dr Ola Orekunrin
www.flyingdoctorsnigeria.com | Nigeria and region : Rapid response urgent medical | The story of how and why a London-Nigerian girl fell in love with healthcare and flying. By 25 Ola was
west africa’s first flying doctor. As she says when your passion leads you to do something visibly worth spending your
life on - the first followers that celebrate you are absolutely pivotal. MIT wants to start up a female entrepreneurs course and alumni net around her. |
those who design hi-trust media or tech or invest in youth's most exciting goals
Genius Economist of 2010s: Informally Congress Votes, Wash DC Sept 2010
Home of 2010s Microceonomics Survey- Youth’s 30 most exciting worldwide
projects upcoming conferences where survey will
be present Oct2011 Atlanta 1200 JobCreation Brainstorm; Oct 2011 Media Literacy 1000 youth and parents Bethesda; Oct2011; MIT Hi-tech for developing economies; Nov2011 Spain 15th microcreditsummit
e11.1 Literacy and cross-cultural confidence
of every girl and boy by adolescence
e11.2 Financing freedom of every girl and boy to find their own income generating competence either by staying
on to secondary schools designed round this goal are by offering valuable work experience from the productivity and sustainability
viewpoint of the adolescent
e11.3 Changing the process of education from examination to inquiry – New Zealand has a 27 year long lead in this
that 10 million Chinese parents also celebrate – see www.thelearningweb.net
e11.4 Help world citizen
schools cross-culturally report what millennium goals their young people (and parents) vote for. Clarify which demographics
identify the most differentiated goals and help educators evaluate where these diverse views are opportunities and risks.
Launch a wiki to focus on risk mentoring networks
e11.5 Starting every university year in every region with a statewide job creation brainstorming
by and for youth celebrated by that place’s best businesses and the most joyful principals
e11.6 Identify –and celebrate - ever
peer to peer educational model that works on action learning contexts eg Oz's 10000GirlsTestBanks. ( Yes You Can help youth value the experience of what you can teach is also what you have the most flow to practice)
e11.7 Using open course ware
so that university models that create the most jobs are celebrated – it is fortunate that MIT is the leading host of
open course ware, if viewed as a nation would be 11th in creating jobs, and has the www advice of Tim Berners Lee.
e11.8 Replicating
free university models –funding apprenticeships of those with capacity and will to serve the most life critical needs
in the places where poverty museum races are most needed -eg we
can End Nurseless Villages by making training nearly free for any industrious girl who would love to have nurses knowhow
e11.9 Informalise professional knowhow value exchanges at community levels- eg
mobilize a social business job agency owned by semi-retiring nurses and that region’s old people from which ambulance
chasing lawyers are constitutionally excluded |
e11.12 Adapt tv quiz shows such as BBC’s mastermind to specialist subjects
limited to re-investigating what we know about learning – for example what team of Gandhi, Montessori and Einstein discovered.
(Technical reference – see Grounded Theory for the communications protocols for completely re-examining any conventional
knowledge)
e11.13 Host a dragons den or shark tank but for social businesses designed to solve gaps in actioning millennium goals
e11.14 Host “The Apprentice”
not with Donald Trump bu for the first world bank leader that wants to coordinate beyond Aid projects
e11.15 The Queen Elizabeth worldwide schools
project- invite essays from children around the world as to whether there is a more exciting way for the 10 biggest corporate
spenders on the Olympics to spend promotional monies than the many billions they will spend on tv advertising round London
Olympics |
|
e11.16 Vote for 3-5 most exciting banking models microcreditsummit participants have ever come across. Develop a Q&A presentation on each model that is online and everyone knows where
to discuss. Viralise through youth and womens network until this is anumber 1 bookmark on web
e11.17 Provide one bookmark
for ongoing debate of what are we are learning between the battle to bank the first billion people by mobiles between the
2 opposite sides; those who want this race to be won by worldwide community and open ownership; those who want the race to
be won by one group of owners who appropriate the value of such an infrastructure for themselves
e11.18 Clarify what other life critical service
areas are in parallel mobilise a billion races, and link them in at same bookmark as the bankabillion debate – see eg
www.bankabillion.org Help these MicroSummits to celebrate action network partnerships that connect MicroCredit & MicroTech
and one other Micropractice area:
e11.19 MC & MT & MicroEnergy – eg microenergycredits.com and ashdenawards.org
e11.20 MC & MT & MicroAgriculture
–eg India’s EAGRI
e11.21 MC & MT & MicroHealth
e11.22 MC & MT & MicroFamilyHome
e11.23 MC & MT & MicroDisasterRelief
e11.24 MC & MT & MicroProfessions
e11.25 MC & MT & egov
e11.26 MC & MT & CommunityOwnedMarketChannels
e11.27 Map where places’
youth have a chance to develop because they have type 2 stockmarkets : being those (The Economist first advocated as essential
to sustainable global finance in 1972) that take intergenerational savings of that place and invest in that place’s
nextgen productivity |
e11.28 Vote for every future capital
city’s favourite youth social action portal starting with such benchmarks as Paris danonecommunities.com and New York’s
singforhope.org
e11.29 3000+ peoples summits and demonstration festivals; in addition to microcreditsummit
make a shortlist of most exciting peoples productivity events any capital has ever staged. Reference – hosts of open
space technology have convened many hundred such events each geared to entrepreneurial revolution of one urgent practice context
e11.30 To accelerate sustainability
of Asia pacific www century (The Economist 1976-2075), celebrate where partnership triads of china, and a bottom-up microcredit
business modeler and a corporate innovate a new trillion dollar market place around a revolution in affordability |
seasons
promotion - for fall 2011 we wanted to celebrate the actions of 10000girl in Australia - here are some notes on what they are action networking and why Come to a one day Life Planning Workshop or set up a GIG (Girl Investment Group) and;
[ ] Review or create clear
inspiring life goals (a plan for the future)
[ ] Have a minimum 3-6 months
wages saved up as an emergency fund (savings)
[ ] Have sufficient and relevant
insurance in place (insurance)
[ ] Ensure you’re happily challenged in your career (personal growth)
[ ] Be learning to plan, save and invest toward a self-funded future (financial security)
[ ] Share with a like-minded peer group (inspiration)
[ ] Meet local financial service professionals (professional support network)
[ ] Be contributing to our broader economic prosperity and wellbeing (sense of community)
The July-December 2011 10thousandgirl Events Calendar has been announced with programs running in Canberra, Bathurst, Orange, Young,
Dubbo, Tamworth, Armidale, Singleton, Newcastle, Alice Springs, Barkley Tablelands, Sydney, Wagga Wagga, Albury, Wodonga,
Ballarat, Bendigo, Geelong and Melbourne. Register now or contact us to put your town on the map in 2012.
Why is this necessary?
1) Women earn less than men; 2) are more likely to have interrupted careers because
of child raising and caring responsibilities; and 3) live longer so need to save more for retirement. Women in Australia can
expect to earn $1m less than men in their working lives. Globally, 1% of the world’s women own land. SOURCE: Australian Financial Literacy Foundation, National Centre for Social and Economic
Modeling (NATSEM), International Center for Research on Women (ICRW)
VALUETRUE NOTE ON THE WORLDS GREATEST MATHS ERROR Why would parents destroy the future productivity of their children by billing them
for national loans, banking bailouts, laws designed to make things like health and land ever more costly, extraction of natural
and human resources, celebrating on nightly news big organisations that are compounding conflicts and unseen risks.? Quite simply the answer
is that there is a ruling species of macroeconomist and metric professions that are committing the world’s greatest
maths error. Their economics isn’t economical by any commonsense valuation of the word, and however big the systems
they hide their failures in, the core problem is they compute trust wrongly every quarter causing it to exponentially compound
distrust, and multiply risks. In older days, when the telex was the fastest way to communicate
measurements around the world, something accountants called goodwill was only a minor item in a market’s valuation of
companies. Today it is the vast majority. The error’s core spins round the fact that accountants didn’t have any
way of valuing goodwill when I first worked at one of the big 5 global consultants in the 1980s, and then defined goodwill
wrongly. Monopolizing this error was aided and abetted by professors who believed that defensive strategy is smart whereas
it’s the least innovative (and most value destructing) ideology ever to have been examined on.
Goodwill is correctly defined when governance
of a company transparently builds multi-win models of trust-flow between all whose futures are impacted by the company. Instead
today’s global accountants compute scores that actually go up the more of a multi-lose model is built until trust in
the whole thing (whether it’s a bank or anything else) bursts. Hundreds of multibillion dollar have burst almost overnight
and its always our children that pick up the tabs. And yet the problem is far worse than individual corporate failures as
we can see when a virus from Manhattan’s Wall Street simultaneously destroys trust in banking systems in over 50 countries
around the world The good news is: change the world’s greatest maths error and we parents
may be just-in-time to get back to helping youth to create jobs and renew communal sustainability now that we have millions
times more powerful technology to communicate around. Moreover, when microcreditsummit | 2010s Microceonomics Survey- Youth’s 30 most exciting
worldwide projects You are invited to help continuously improve this survey at www.worldeconomist.net Two types of improvement are ·
identifying an exciting project we didn’t know about ·
helping re-map the structure that helps celebrate connectivity
between such basic human rights areas of banking, health, education, water, food, energy, homes and what makes the 2010s the
most exciting time to be alive. Today’s information technologies are more than a million
times more powerful collaboratively than the 1960s – if we chose to invest youth’s productivity in evolutionary
fit millennium goals then the race to poverty museums everywhere can be far more exciting than the 1960s race to the moon One behavioural matter involves how microeconomics is used to condition mindsets, as well as lead decision-making.
We defer to Adam Smith whose purpose integrated hi-trust mediating as well as mapping multi-win valuation models that help
leaders and societies communally invest in next generation’s productivity and sustainability out of every community.
If you read the 1943 centenary biography of The Economist (1843-1943) you will see a century-long journal
of this purpose – one which along the way intervened so that the English Constitution was transformed beyond centre
of slavemaking and colonization to mediating commonwealth. On reading this book, my father (Norman Macrae’s) 67
years of celebrating investigations of economics changed the journal to the world’s favourite newspaper – offering
scripts for debating what to empower the next generation to action. By 1984, he was developing a microeconomics quiz of how
the first internet generation could transform the world if only those who owned the world’s most productive assets openly
participated in funding youth’s most productive futures. By 2010, he saw the most valuable social business media ion
the world as being that informally linked in by those who propagated the exciting goals that microcreditsummit planted from
its 1997 origin. He died a quarter before these videos www.grameeneconomics.com of two thirds of US Congress ;positively debating microcreditsummit’s
vision as you can see from the youtubes featured. |
You can now read
over 40 surveys by the microeconomist at The Economist who explained why macroeconomists were youth's worst nightmare and whose work
from 1972 clarified what sort of entrepreneurial revolutionaries are needed if global financial collapse is not to be the outcome of the net generation
2011 Action Project - help us link 100 most entrepreneurial revolution writings of Norman macrae's life
and identify who wants to update one of these in new journal of social business | RSVP info@worldcitizen.tv help us make links to 100 most entrepreneurial
revolutionary articles or nation's future economics scripts The Economist's Unacknowledged Giant Norman Macrae ever wrote 0 1984 the internet generation can be 10 times more productive : their most exciting decade 2010s depends on doubling knowledge around ending poverty
first 1 2008 consider bangladesh 2
1962 consider japan 3 1975 consider
asian pacific www century ->4 1975 americas 3rd century - Time review 5 1976 entrepreneurial revolution 6 1982 intrapreneurial now 7 1984 healtchare is compounding bust futures everywhere
8 every place's safest future for innovative youth and sustainable families is to have government controling
under 25% of how peoples earnings are spent http://oxbridge.tv/ 9 1972 - from 2012 global financial system will serially implode unless
we have redesigned a segment of sustainable capital markets being thoise that invest in every nations youths jobs
and what the net generation vote for as the next decades most heroic goals 10 the view from messina is the EU is
worth co-creating if only to end europe as epicentre iof world war http://www.youtube.com/watch?v=BU1qSQzTN7k 11 prince
charles in his be-fated japan tour Time review of dads 1975 survey in The Economist: America's future needs fewer clams more growth http://www.time.com/time/magazine/article/0,9171,913672-1,00.html In the wake of the familiar crises of Viet Nam, Watergate and inflationary recession, can the American experiment
endure and flourish in its third century? This vexing question is tackled in special reports just published by two thoughtful
periodicals, the U.S. quarterly the Public Interest and the British weekly the Economist. Both journals raise fresh and unsettling
questions about the limitations of American democracy and freedom. However, in their prognoses for the next 100 years, they
diverge: the Public Interest has a generally pessimistic forecast for an America that thinks small and governs modestly; the
Economist foresees a country that can transcend its limits and grows wealthier.
click
to page 3 and 4 of article on survey of dads begfore his survey of asia pacific century
At the threshold of its third century, America is afflicted by a "drift from dynamism," which
threatens to allow the nation's global leadership to slip into "less sophisticated hands, at a perilous moment."
So concludes the Economist's deputy editor, Norman Macrae. A longtime expert on world economics and political affairs, Macrae,
52, first gained attention in the U.S. in 1969 by writing a penetrating survey on the American dilemmas of race and poverty.
Now he has produced a provocative if discursive report suggesting that the U.S. may be at the close of its industrial empire.
He argues persuasively that the U.S. can no longer hold onto its economic might unless it immediately undertakes a major new
drive for industrial growth. America, which has held hegemony over the world from
1876 to 1975, may be losing its global influence for the same reason that British industry, dominant in the world from 1776
to 1876, decayed. The threat comes from "industrophobia"—the mood among intellectuals, ecologists, students
and others from the educated and monied classes, which view business as vulgar and dangerous. On U.S. campuses, he writes,
an "antigrowth cult is being taught to a generation of idealistic kids as if it was high moral philosophy or even a religion." He scathingly criticizes these groups for delaying construction of the Alaskan pipeline.
The slowdown retarded U.S. economic growth and helped the Arab-dominated OPEC oil cartel grossly inflate oil prices and expand
its powers. Among the consequences: "The unemployment of black teen-agers in New York City has been pushed up -
every extra percent this goes up puts tens of thousands more brown men in Bangladesh, and several hundred
thousand Israeli families in greater danger." Macrae is also angry about
American industry. The growth of U.S. output per man-hour in manufacturing in the past 25 years has fallen behind that of
other industrial nations because of a slowdown of U.S. investment in new technology's job creation capability. American businessmen,
like those in Britain, have succumbed to the rule of corporate bureaucrats. The spirit of entrepreneurship is broken. Yet Macrae has great faith in America's potential to lead the world to vast new wealth.
Indeed, he harbors few of the conventional worries that the world is running out of resources. He does not think, for example,
that there will be an energy scarcity; alternative sources —nuclear, solar, geothermal, and others —will supply
man's needs. Nor does he expect a food crisis, because land can be farmed more efficiently now through new scientific methods
and the "green revolution" can be extended to most arable land. He downplays the famous "population explosion,"
claiming that the world's population growth has probably already dropped to 1.7% a year, which is the target of the United
Nations Secretariat for 1985. The sharpest
perils in America's future will arise out of the modern offsprings of progress, claims Macrae. The most frightening possibility
is the rapid spread of atomic weapons into the hands of global terrorists. The major industrial countries must meet this predicament
by improving the living standards of the poorer nations, thereby increasing the commitment of all human beings to maintaining
an unwarlike status quo. Modern Molds. For the U.S. to reassert its economic primacy
in its third century, argues Macrae, the nation will have to go back to its "longstanding, history-given, go-getting"
economic pragmatism. He calls for a return to the old incentive-filled free-market philosophy, but in modern molds. Americans,
he contends, must restructure their private companies and redesign their governmental bodies in order to free themselves from
the bureaucratic shackles that now stifle their growth. They must also broaden the types of community living in the nation
to include choices on the political right and left—meaning new concepts like puritan towns, local governments run on
contract by private businesses, and towns that emphasize full individual participation. The prototype for new private corporations may be "confederations of entrepreneurs." Individual entrepreneurs
within a single corporation, he predicts, may soon be given even greater independence to run various departments in the company
or set up competitive ones. Within the immense federal and state governments, Macrae proposes a new form of market competition
called "performance contracts." By this method, citizens will vote regularly for the private contractors—garbage
collectors, transit companies and sewage disposal firms—that best deliver the services. An unapologetic growth advocate, Macrae warns that America must crusade for economic expansion—by investing more,
loosening environmental restrictions and breaking bureaucracies. If the world's richest nation fails, he says, the consequence
may be that "half the world will remain hungry, and that half-world may blow us up." | Would
Your City Publish a Special Issue of Yunus Journal of Social Business? When would be most exciting 2010s moment for your world
citizens? |
Help us map: Is your place replicating an economic system Adam Smith would celebrate?
Net Gen's Exciting 2010s
brings back Joy of Productivity to Economics- monthly nominations welcome info@worldcitizen.tv . | RSVP info@worldccitizen.tv if you are connecting knowledge-action-doubling projects around world’s most economical economists – eg journal
of pro-youth economics – part 1 : 1843-1988; part 2: 2011 on; publisher of intercapital youth ambassadors celebration
leaflets 2010 on ; peoples bbc & dd world service target 2012 | Global June 2010 The Economist debrief
www 
The Unacknowledged Giant | Glasgow July 2010 : 25 Scots & Internationalists 
debrief Yunus on Interdependence day | Wash DC September 010 videos
of congress votes 1 2 3 ; discussions of world's most daring nations A B C | | Dhaka oct2010 debrief of dr yunus-  norman macrae estate $300K sb loans... | London Saint James Nov 2010 debrief
"Consider Bangladesh" with 
Boardroom of The Economist | Nairobi Kenya & Trenton NJ December 2010 Debrief of Consider
Kenya  with Ingrid Munro and Sam Daley-Harris |
If your country or network believes in this brand of economics please send us your link : "invest
in curious productivity of children, families and community since healthy society generates strong economies not the other
way round" - signed Scotland, Bangladesh 1 2, France 1 RVP info@worldcitizen.tv 11 June 2011 - Norman Macrae probably Europe's senior economist dies nearing 87 - obits RSVP info @worldcitizen.tv if you can help us make a complete
listing of Norman's surveys 61 To Let? ( Hobart Paper) 62 (September) Consider Japan 63 (June) Changing Russia (6 person team led by Norman) 68 (29 June) The Green Bay Tree- S. Africa 69 (May 10 ) The Neurotic Trillionaire - a
survey of Mr Nixon’s America 72 (January 22) Multinational Business 72 The Next Forty Years 75 (October 25) America’s Third Century 76 (Dec 25) Entrepreneurial Revolution 77 (May 7) 2 billion people:
a Survey of Asia http://www.foreignaffairs.com/articles/31337/donald-s-zagoria/two-billion-people-a-survey-of-asia 82 We’re all Intrapreneurial Now 84 (April
28) Health care International 88 (Chrismas issue)
Next Ages of Man 91 (December 21) Looking forward to the end of politicians Books 63 Sunshades in October ; 84 The 2024 Report - concise future history of the netw
genertion 1984-2024; 85,86 Translations into 2025, 2026 Report; 93 The New Vikings (Swedish update of 2024 Report) ; also 1992 Biography of John Von Neumann (also 60s
London's Capital Market) |
|
| . YUNUS.................................................................. The Economist with the
most exciting vision of what youth can network in 2010s is the economist the whole world needs to celebrate most: listen to
and interaction What will happen to nations - and indeed any community - which do not practice the main purpose
of economics as being exponentially regenerating? What is needed is bold investment in youth and youth's goals,
not the endless political bickering at the top of government that causes disinvestment in youth's future If you look at when Yunus talks to national governments (relevant in USA before
and after he testifies to congress in Spring 2011 www.grameeneconomics.net ) he talks to india about union of Asian nations- and
when he considered running for Bangladeshi presidency he came up with fine ideas kickstarting an amazing orbit : how bangladesh could collaborate in networking sustainability community
laborartories for poor half of india and china that would otherwise come last in their countries national strategies His national strategy also inspires
wonderful ideas such as how to unite everyone in the greatest infrastructure project yet put into poor publics
ownership - Cox's Bazar (something 10 times more interesting to the region than the way singapore's national strategy was
sky & tele-ported from the 70s His influence in developing Bangladesh has compounded over a third of a century
when his 1976 life changing wish to contribute to most vital services to the world's newest and poorest
100+ millions nation started with the goal of ending famine and then of ending poverty
| NORMAN compare this with my father's youth living in stalin's moscow seeing local friends at the embassy disappearing or
spending a summer at the adriatic port which was the last used by jews to flee hitler's europe, and navigating RAF planes
out of modern-day bangladesh as teenager before being the last youth lectured on economics by keynes at cambridge -
it was parts of the action learning needed to question convention wisdoms' blunders not to perpetrate the
- which is the enrepreneurial revolution role I believe journalists of economics can mutliply wordlwide value
(and job creation) investing across generations and through cultures interfacing of community and innovation Everyone gains by knowing of the favourite theme of Milton
Keynes: “Increasingly the world is ruled only by economics. The danger arises when practical men, believing themselves
exempt from intellectual influence, are in fact slaves of historic rules which changing circumstances have
rendered defunct" – Norman Macrae (Sunshades in October, 1963) |
being
the only journalist at the birth of the European Union at Messina; being the first NW journalist to consider Japan's strategy
in 1962 or celbrate Asian Pacific worldwide century in 1975; being the first journalist to nominate critical globalistion
debates on what to do expoenentially ahead of time: if you knew Berlin wall would fall in 1988 or the internet was coming
making peoples virtual lives and real lives productive multiplers of each other (by which we mean if you only do one of these
2 productibities you have zero productivity - ie the worst poverty trap of 21st ); being st james' s first journalist of consider bangladeshso my guess is that the free trade of worldwide nations if the 21st advances the human lot won't really involve
nations any more than alice in wonderland involved cheshire cats; it will go back to the 2 million global village hubs
|
. In praise of schumpeter The Economist runs several opinion columns whose names reflect their topic: Schumpeter (Business) — named for the economist Joseph Schumpeter, this column was established on September 2009 and is written by Adrian Wooldridge. Bagehot (Britain) — named for Walter Bagehot more on Schumpeter |
11 June 2011 - Norman Macrae probably Europe's
senior economist dies nearing 87 this the bio the independent wrote on norman's retirement after 40 years at The
Economist in 1989 Norman was of the scottish entrepreneurial school - adam smith, james wilson ..; he repeatedly argued
that microeconomists needed to collaborate to overthrow the excesses of macroeconomists - help us co-edit this presentation;
his last article was written for Muhammad Yunus late 2009- probably the greatest entrepreneur of our epoch and the one most
likely to cheerlead 2010s as sustainability decade- see norman's 1984 on the 2 oppsoite endings that the netgen would spin; the Centre for Development has propsed that a wee foundation and archives rembering Noram be colected by universities in Glasgow -rsvp to them if you
can help chris.macrae @yahoo.co.uk wimbledon 12 June 2010  |  . | left is a concept logo for the Global and London Institutes of Social Business first annual fieldbook of cases
sponsored by lead networkers of YunusBook.com and London Informal welcoming panels of Yunus & Sustainability Olympics -your comments are welcomed chris.macrae @yahoo.co.uk washington DC 301 881 1655 open
source property rights asserted - city of Dhaka - en route to every sustainability capital and collaboration entrepreneur (coined 1976, Norman Macrae, then Deputy Editor of The Economist 1 2) |
Help
list system dynamics of goodwill, transparency, sustainability
Goodwill (trust-flow) Goodwill
multiplies not adds. Opportunity : the more positive trust of ever stakeholder the more communal surplus can be generated.
Risk : lose trust absolutely of any one group and zeroisation.
There are really only 2 energy relationship
system that organization designs spiral: trust connects joy, courage, love (no fear) of purpose,
stimulating progress whole preserving core, openness. This flow is only possible if in every interaction of the system's potential
conflicts are hunted out and resolved; and there are no boxes separating vital information flows distrust
connects despair, loss of hope, pessimism, passiveneness, lack of indomitable spirit need to help find solutions out of traps
for others as well as self, However we must permit some gateway emotions which different culture may
name differently: anger if its not turned to hatred or aggression is what causes people to stand up and protect those with
the least and demand changes to laws and constitutions which may once have been perfectly right but are no longer valid. If
you see a child abused (physically or structurally) you should feel anger and convert it into leadership presence and interactive
intervention Know the 3 C’s which open space innovation facilitators assume are
vital. Confusion is when top-down people insist one set of rules is 100% perfect,: this prevents seeing when the outside environment
has changed (or localities are more diverse than the top’s standard) and causes conflicts to enter into a once positively
energized system; conflicts once entered spread like wildfire producing a chaotic system ; by the time a system is chaotic
it is viciously spiraling reduction of goodwill Integration in maths and in nature is a bottom-up mapping
process; ultimately a system that is governed only top-down is designed to collapse or worlds that are not deeply democratic
to trap people in poverty or all the risk the world can outsource. | Transparency
(open boundaries) On networks the biggest risks lurk and then compound at boundaries of partnering systems The
rule if transparency systems is always demand openness of information unless you can prove that temporarily closed information
is needed. For example, If good are to defeat ill then the good cannot give their plans away to ill. Most 20th century marketing and strategy involved closed unless we can prove we need to be open. If an
innovating involves a race to get patents that will then close out others, closed is understandable. However that doesn’t
means that patents have a place in the open source world that can multiply the value of knowledge. The father of computing
von neumann assumed that most patents would only last 3 months in an open networking age. His reasoning if you have true purpose
and 3 months lead across networks of partners in your purpose, that is something competitors cannot catch up with at lest
mot while your network keeps connecting unique purpose Typically one non sustainable system in a network of
partners is the greatest risk to the whole network collapsing. This means that sustainable partners help SWOT each other-
requiring a higher order of transparency than all 20th century top-down professions ruled over Nations are in 21st century one of the global markets of places. To keep increasing economic capacity,
their boundaries will need even more transparency than that we may demand of corporations or other systems Transparency of job creating empower by bottom up systems is far more important than any macroeconomic plan a place
may forge. More accurately , macroeconomic plans will spin ever more destruction (inconvenenint truth instead of holistic
truth) unless integrated micro up. | Sustainability win-win-win (compound exponentials) In networked age it is possible not only to go above zero-sum (eg provide more value when both customer and supplier
are gaining from each other) but to value multiply. Compound exponentials are the consequence of systemic value multiplying
– they spin one of tow ways sustainably up, or crashing down.
When value dynamics of
an organisation is to do with people’s service stamina and knowledge transfers, value multiplying auditing needs as
much cyclical focus as any other audit including cash-flow. When we network systems together this becomes even more crucial.
Typically a single organization spins 10-win or 10-lose through 5 interconnected double lops of productivities and demands
: employee, owners, customers, societies, the world’s requirement that a global market values sustainability by being
responsible only for its greatest compound risks. When you fully interface 2 such system, the dynamic tends
to 100-win or 100lose. We have seen multiple occasions of rapid networking collapse in the 00’s At
the limit globalization will design one of 2 endgames; that where bad will networks
win (the big brother scenario) which means the top will serially compound crashes onto local communities until people at those
localities are not sustainable that where goodwill multiplying networks win It was estimated in 1984 that: The difference between globalizing round goodwill designs versus badwill designs by 2024 has consequence if 10 times
more or less health and wealth to share around It was modeled that micro up integration is the style
of governance that goodwill multi=lying systems use to integrate every locality communally into global It
was identified in 1970s by Schumpeter (and probably the 1930s by the duo of Gandhi and Einstein) that the overarching goal
of the networking generation that will enable goodwill networks to overcome badwill ones is uniting the race to end poverty All the scenarios on which the 1984 model were built exist to be openly questioned and SWOTted by context.. On the
timelines used we are way behind the curve of goodwill winning out over badwill. You can take simple but tragic examples of
this . In recent wars badwill payers have been repeatedly more effective at networking even though they had 10 to 100 ties
less resources than the supposed good powers. |
| .Norman Macrae must be turning in his grave, except I think he's still alive | .yes his friends & family hope so: 1 2- Norman's pick of microeconomists worth trusting the world to | | .Keynes was probably only half right when he said increasingly only economics theory rules the world | .Nature's
system designss are double-looped not top-down; the latter's globalisations can be gamed as wall street's ruinous first
decade of C21 showed us; to be ruled just by one number (of how much has one most powerful side taken from everyne
else) is the perfect maths for compounding exponential destruction -not what sustainability investment leaders should be benchmarking | | .The value of the brand is in integrity of its trust connections | .20th C maths -from Einstein to
Von-Neumann shows that above zero-sum value multiplies by integating micro up contexts and interfacing
systems into collaboration networks |
chris.macrae @yahoo.co.uk washington DC 301 881 1655 A curious history of microeconomics 1700-2000 by half century Around
1700 one of the first banking scams of modern times occurred. Consequence: the people of Scotland went bust and were subjected
to hostile takeover by England. Around 1750 Adam Smith started writing up microeconomics with the intent that no nation
of the future should suffer Scotland's fate. In 2008, the 250th anniversary of his book on moral sentiments was celebrated
at Glasgow University with Nobel Laureate Muhammad Yunus keynoting. Next Adam wrote up other community transparent
frameworks including "free markets" and was joined by some French alumni who celebrated the idea that man could
be productively free once assets were transferred from those who were chaining the people to poverty. The word entrepreneur
was born By the early 1800s , Industrial Revolution was spinning and the English also sent up their tax accountants
to Scottish landowners with the rules that sheep make more profit each 90 days than people. More than half of all Scots emigrated
becoming one of the first nations of worldwide peoples. To try to reconcile the English colonial virus, entrepreneur Scot
James Wilson came down from Hawick to London; booted out vetsed interest MPs from parliament and founded The Economist in
1843 to be a severe and transparent test of how ledaership decision-maing was made. In the 1860s, James died before
his time less than a year into a project based in Calcutta where he was trying to reform Raj Economics. His son-in-law Bagehot
took up the challenge of reforming the English Constitution. This seeded the beginning of the end of English superpower as
well as the start up of an initially more benign American superpower 1900s The Industrial collonisation mischiefous
need for other lands' resources needed 2 European wars to finally put it to rest, and on both sides of The Atlantic this
was a depressing half century but one that emerged with some rich nations in tact and with a new socio-economic phenomenon
taking over democracy's social and economic dialogues: tv broadcast media. By 1976 it was clear to entrepreneurial revolutionaries
http://erworld.tv/ that huge advertising buidgets were spinning a new polution to Adam's true and fair integration of free markets. Moreover
technology was in sight of connecting one generation locally to globally through networks. It was predicted that the coming
wars between micropeconomics and macroeconomics would now determine the sustainability not just of separate nations but of
the whole planet as well as whether peoples compounded 10 times more economics systems linked to ending poverty. Alternatively,
the depressing system endgame would hastily pursue an era of Big Brother crashes. If you are reading this towards the
end of decade 1 of 21st C , you may next want to see the invitation on the right to the most exciting game humanity has ever
conceived or played. | . Would
you like to join us for the fourth quarter of the most exciting game on earth?
The game has
no balls but each of the quarters takes courage and stamina being about an eight of a century long. The game is ending poverty
and it involves a survey in which we collaboratively check results of 2 listings. The first list comprises a top 100 whose
items are either productive jobs that the world’s poorest can learn to sustainably generate income and/or
innovations that repair the broken system that compounded local poverty in the first instance. The second listing provides
benchmarks to places where you can see the first listing items and how to replicate them. The
game began three eights of a century ago with the birth of the world’s poorest nation. Miraculously the peoples gravitated
around 2 of the most trustworthy microeconomists who focused on three primary sources of joyous productive agency during the
first quarter: village nurses, teachers and bankers. The latter may seem to richer nations to be a most
curious breed. They were transparently dedicated to serving 1) investments in the people’s productivity, 2) maintaining
safe deposit accounts, 3) compounding sustainability investments. They don’t ask for personal bonuses. Today nearly
half a million of these microprofessionals are passionate about their community service and proud that as many as 20 million
female microentrpreneurs have blossomed. During the second eighth of the century villages all
over the nation made progress on the top 100 listings. And in the third quarter they were linked in by the internet so they
could enjoy sharing each other’s action learnings and open source them worldwide. Now we have several
millioon microprofessionals around the world and over 100 million of the very poorest female heads of household are sustainably
transforming what used to be the poorest and most structurally deprived places to be born or raised. By any human measure
this is generating the most exciting goals any millennium or twelve year challenge has identified. If
you want to join in start by helping us progress the attached 100 listings. Every four months people will
meet to improve its details and links. Join us or send us a delegate from your social network or file an entry so we can connect
all the game’s greatest news. The worldwide roadshow starts in Dhaka on June 29, aims to be in Berlin in November and
Kenya in March 2010, and go where young people in particular are most excited by the game until micro economics communal sense
sustains our planet and poverty museums connect the worldwide.
Addendum One view (more here) subscribed to by many Scots, French,
Indians and Bangladeshi is that the practices economics and entrepreneurship were open planned since 1700 with the goal of
ending poverty. But each time local peoples integrated some progress, more macro or global systems took over the media and
other political ways that learning, communications and measures were powered over by colonial and ruling classes. This resulted
in nations crashing and wars being fought. You night want to question the legitimacy of this view because if it is correct
its logics would say that now this generation is becoming more globally connected than locally separated we are breaching
ma’s final deadline on all sustainability challenges. According to the maps of worldwide sustainability investment racing
to compound the end of poverty is the same game as preventing those who in richer places from crashing their systems into
poverty. |
Blog extracts; 2
Nobel Prize winners worth trusting your future to : Krugman and Yunus Financial Times regrets the only journalist economists
to have provided any relevant alerts to wall street meltdown were:... How can people save themselves from banks
and macroeconom ists? Please send ideas for our (b)log of economists and others who monoploise rules that are worth one second
of a sustainability's MBA's time while learning to communalise sustainabiluty's deep contextual flows by doing. rsvp
map@smbaworld.com | Washington DC bureau tel 301 881 1655 info@w orldcitizen.tv
- mapping the choice of opposite exponential outcomes of globization since 1984 || old web || discuss which members of congress may get micro in time to hekp Obama Yes We Can || How come that Einstein advised all human futures need ever
more micro metrics but 2000s economists went macro
Right now we are interested in helping facilitate what may be the impossible -name one of the 10 trillion dollar global markets with most consequence ( exponentially up or down) on future of humanity - eg core banks by which we mean banks who are central to financial functions of nations
or world markets- which 10 people - Dr Yunus ? Obama? PM Gordon Brown? Mandela (or african elder), Manmohan Singh , S.American eg Jorge Quiroga former president of
Bolivia, Larry Summers? Geithner? Youth representative? the central banker of Estonia, who of China? - would
you most like to huddle in a debate of what would be the most sustainable design of this future market and once they had a
conversation starter open sourced this for debate everywhere
For most of the planet’s people, microcreditsummit 1 2 are the most successful knowledge sharing alumni which network economy has so far. What would like
to see as the next 10 MICROsummits ? 
Suggestions
from Dhaka Energy Mobile Internet Water Health Youth job
creation Suggestions from elsewhere |
. |
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Sunday, May 25, 2014
Money:External
resourcesHere are some possibly related bookclubs and curricula
invitaions: George Soros with his super bubble hypothesis
has perhaps the most expansive sense of what has ended but his analysis is of but a piece As a historian of monetary and financial economics, I recognise this entire line of commentary as continuous
with the great tradition of British central banking thought going back at least to Watler Bagehot's Lombard Street. In this
regard, I would note Ralph Hawtry's emphasis on the inherent instability of credit - a phrase he used to emphasise the weakness
of self-regulatory forces in the money market and the consequent need for active central bank management . Today's new twist
is the suggestion that central banks have become part fo the problem by helping inflate bubbles: by keeping interest rates
too low and then by preventing the subsequent collapse from claaring out the bad credit so that each subsequent bubble gets
built on shakier financial foundations than the previous one. In this talk I would like to observe mistaken monetary theory-
the problem I suggest is that central bankers have been listening too much to academics rather than their own rather different
intellectual tradition.. I will refer to this indigenous practitioners intellectual tradition as The Money View to distinguish
it for the academic economics view and the academic finance view both of which determinedly abstract from the monetary plumbing
behind the wall in order to focus on other matters ,,, more at http://www.youtube.com/watch?v=kYkGUBgxDOM
External links
Money:External
resourcesHere are some possibly related bookclubs and curricula
invitaions: George Soros with his super bubble hypothesis
has perhaps the most expansive sense of what has ended but his analysis is of but a piece As a historian of monetary and financial economics, I recognise this entire line of commentary as continuous
with the great tradition of British central banking thought going back at least to Watler Bagehot's Lombard Street. In this
regard, I would note Ralph Hawtry's emphasis on the inherent instability of credit - a phrase he used to emphasise the weakness
of self-regulatory forces in the money market and the consequent need for active central bank management . Today's new twist
is the suggestion that central banks have become part fo the problem by helping inflate bubbles: by keeping interest rates
too low and then by preventing the subsequent collapse from claaring out the bad credit so that each subsequent bubble gets
built on shakier financial foundations than the previous one. In this talk I would like to observe mistaken monetary theory-
the problem I suggest is that central bankers have been listening too much to academics rather than their own rather different
intellectual tradition.. I will refer to this indigenous practitioners intellectual tradition as The Money View to distinguish
it for the academic economics view and the academic finance view both of which determinedly abstract from the monetary plumbing
behind the wall in order to focus on other matters ,,, more at http://www.youtube.com/watch?v=kYkGUBgxDOM
External links
Money:External
resourcesHere are some possibly related bookclubs and curricula
invitaions: George Soros with his super bubble hypothesis
has perhaps the most expansive sense of what has ended but his analysis is of but a piece As a historian of monetary and financial economics, I recognise this entire line of commentary as continuous
with the great tradition of British central banking thought going back at least to Watler Bagehot's Lombard Street. In this
regard, I would note Ralph Hawtry's emphasis on the inherent instability of credit - a phrase he used to emphasise the weakness
of self-regulatory forces in the money market and the consequent need for active central bank management . Today's new twist
is the suggestion that central banks have become part fo the problem by helping inflate bubbles: by keeping interest rates
too low and then by preventing the subsequent collapse from claaring out the bad credit so that each subsequent bubble gets
built on shakier financial foundations than the previous one. In this talk I would like to observe mistaken monetary theory-
the problem I suggest is that central bankers have been listening too much to academics rather than their own rather different
intellectual tradition.. I will refer to this indigenous practitioners intellectual tradition as The Money View to distinguish
it for the academic economics view and the academic finance view both of which determinedly abstract from the monetary plumbing
behind the wall in order to focus on other matters ,,, more at http://www.youtube.com/watch?v=kYkGUBgxDOM
External links
Wednesday, May 7, 2014
Principles
of Entrepreneurial Revolution: ER1 Unlike the several generation industrial revolution took to play out, one generation will be involved in being
more connected than separated ER2 Unlike the manipulation of scarcity involved in consuming things (and especially energy) knowledge networking
can prioritise designs around what value multiplies value in use ER3 Every body and every culture needs to be creative in exploring
what is meant by the greatest communications revolution to impact the sustainability of our species. Help make a checklist
- the risk is not appreciating any dynamic of communications: ER3.1 It is how people's livelihoods are freely marketed/channeled ER3.2 It
is education - how valuable information is openly sourced and actioned ER3.3 It is how public servant an professions see their duties in
an age which needs to transform to being borderless instead of being separated by borders Er3.4
It is how man needs to cooperate with nature's valuation rules because for the first time we will be designing scale at a
plant-wide level ER3.5 It is about investing in millennials most collaborative goals for humanity. It is about mediating the end to poverty
in every sense argued by Keynes and indeed the scottish founder of The Economist in 1843 James Wilson who designed a media
to severely test the transparency of the industrial revolution biggest decision-makers ahead of their decisions on any market
sector's purpose becoming irreversible ER3.6 Just as transforming from agrarian to industrial age depended on valuing infrastructure changes helping
almost all people to change where and how they lived and travelled, so will the post0indurial revolution need open systems
architecture. Open democratic societies would be smart to assume that most 21st C peoples will need to trade virtuously (around
the world) as much as with the person next door. That will require constitutions that value peace across nations and cultures
integrated around a higher order than man has previously conceived. Back in 1972 our choices of how to design globalisation
should anticipate that by the start of the 21st C man's biggest risk is seen to be discrepancies in incomes and expectations
of big and poor nations Er3.7 Because population statistics in 1972 make it clear that over 60% of youth will be in the eastern hemisphere,
way above zero-sum partnering models out of and with Eastern hemispheres youth will be critical in determining sustainability
of all 4 hemispheres ER4 We take it as axiomatic that the greatest economic development which every millennial will
wish to join in celebrating starts wherever the third of the 20th Century's world's people previously had next to zero chance
to develop their children's literacies let alone entrepreneurial capacities to be happy and free (in the systemic senses chartered
in the opening lines of 1776 declarations of how to socially value independence and interdependence!)
Wednesday, October 12, 2011
Dear Friends
I will continue to work on the
hypothesis that the action impacts of dr yunus legacy depend on a small group of educators more than any other profession
or leadership capability
One illustration of my hypothesis is that on Monday 1200 students across 45
colleges of Georgia will be brainstorming job creation stimulated by a competition format whose inspiration ys yunus and what
he briefs business judges to value most in youth's learning by doing http://www.usg.edu/social_business_microcredit/judges/
If the format works, the goal is to involve every us state across america in
such job creation competitions. My question to you would be : (how quickly) could we start up
something similar in India? The reason why I expect that Monday will work is that it is emerging from 11 years
of work led by one of Dr Yunus' bangladeshi compatriots http://www.ofcvc.org/ofcpromo.html in which educators spotted that the least endowed universities across usa had no entrepreneur programs. Today over 100
colleges share the missing program.
So education is the biggest development multiplier of all
if we can identify those programs founded round that purpose, of which I am sure CMS www.cmseducation.org is one with over half a century of empowering 40000 students a year to find their own greatest service capability as world
citizens.
thanks
chris macrae
ps in USA there is also an interesting
converse case; I have just done a 90 minute interview of someone who founded the original entrepreneur centre at
MIT 25 years ago; that and empowering experiments in digital media to be one of MIT's 5 main schools (that they calls
labs) has made MIT (if you ranked its alumni as a nation) as the 11th most valuable job creating economy in the world.
MIT's number 1 lesson is very simple- there educators see it as their responsibility to help choose
what sort of capital to match with what sort of student inventors lifetimes; better yet for microeconomics, the (macroeconomic)
capitalists they feel are not likely to advance the human lot they send over to Harvard!
Friday, May 27, 2011
Dear
Michael/Johnny cc charles/ erich/jean-noel/benedict/john/melissa I have been over to see Yunus four times
in this crisis year of peak macroeconomics. I am now his 3rd most trusted person in DC for hosting informal
collaborations; he is allowing my friends to host a technology roundtable where we try and find him some world
class partnerships during his visit to DC mainly to testify to congress - two thirds of whom voted for him
last fall as youth's genius economist (in line with my dad's view). The aim is to pilot a tech for job
creation roundtable process that can be replicated at the 3 greatest events at capital cities yunus participates in per
year. We are working on getting yunus a royal invitation to celebrate commonwealth and youth in the fortnight prior to London's
Sustainability Olympics. Prior to that November 2011 Queen Sofia is hosting last microcreditsummit (part 1) of the 15
year series near madrid Nov 2011. YUNUS CONGRESS VISIT TECH ROUNDTABLE It seems to me that the best place
to host this dialogue is the french embassy in DC. France has been yunus greatest supporter since 2005 and been rewarded with
a record 650000 startups in the last year. I will be talking to the chief economist at the embassy on june 6 - if
it would fit your diary if I dropped into Georgetown Business School before or after plwase say. When you sampled
200 yunus books for me in business school class of 2010/11, I was told their compass network would help advance ideas
on social business stockmarket. Yunus got very excited to hear that last fall 2010 but I dont seem to have any news on what
happened. cheers chris macrae |
|
Monday, February 28, 2011
hello my family wants to provide free loans for 10 lunches on bangladesh at 40's 10 most exciting ideas for net generation
to action in 2010s - embargo date for relaying this mail is 4 march 2011 as we dont want
princess anne's this week in bangladesh opening nursing college to get into conflicts here is example
of proposed lunch - your ideas on other 9 most exciting bangaldesh at 40 solutions to net geneartion of end poverty world
welcomed PROPOSED lunch 1: exciting motion for net generation to solve : a nurse in every village
is the only way towards sustainable healthcare anywhere proposed convenor granville family - proposed
location cambridge proposed guests include keith peters and cam donaldson and zasheem; judy pitt and anne duffill
(from the glaswegian mcdonalds nursing family) proposed dates - before end of June- charlotte has to finish her finals
first but getting the inviation out in next 28 days helps our campaign to see yunus celebarted as chief consultant to
big society bank and the year of youth celebrations prior to oympics
ALL I KNOW ABOUT HEALTH IS~-
so SURE YOU CA DO BETTER my matenral tree in india were mainly nurses including one who got a silver medal for midwifery
about 125 years ago which I hope is a useful but small momento for the grameen's museum of nursing my dads 1984
survey on healthcare commended the NHS for its first exciting year after which it died in terms of being systemically economic
(ie serving future generations better, making nursing and other medical jobs communally rewarded and the whole ever more affordable
and focused on what healthcare is common sense for all youth to celebrate ) -if you feel any of dads other 2000 writings
impacted on this topic please send a link which we will compile at http://www.worldeconomist.net/ as a joint resource of exciting lunches -------------------------------------- It is expected that each
lunch could be turned into some sort of oxford uniion debating script so that the debate could be replayed wherever youth
are concerned about the rights of educational systems and respect for womens networksd to produce a nurse for every
village -eg social business student clubs and hubs and utime myplaces -forty of which it is a job of the olympics committee
to have made sustanable by summer 2012 once anne and sarah and anne have done their below the radar connecting of great good
and youth- though I am sure this team could do with any help you can offer- we are preparing the tower of london as guest
accomodation for the ceos of any of the 33 oympics global brands who do not play their full part in this! if a social busienss
loan is needed for a special shekh site at te tower I am sure that can be financed- perhaps mo ibrahim or rochard branson should
be asked to be first to contribute . It is expected that most of these scripts would be prnted in journal of social
business.
Would Your City Publish a Special Issue of Yunus Journal of Social Business? When would be most exciting
2010s moment for your world citizens?
 Click PIC above to download the whole First Issue of Journal of Social
Business - Guest editors include Adam Smith scholars at Glasgow University with additional contributions from the team whose
innovation was formally launxhed today by Princess Anne in Dhaka as Grameen Caledonian Nursing College
|
 . coming soon the most amazing story - how what started from a lunch in paris at HEC business school in 2005 has become the fastest growing subject of the knowledge generation - social business
community building and investment funds with over 100 experts connecting interdisciplinary ideas on how to make 2010s the
most exciting decade for youth and net geneartion
every developed nation has billion dollars of dormant accounts a big society bank and net generation can turn these into sustainable business models making 2010s youth and communities most exciting decade
(in yunus language this is called social business stockmarkets and is already what danone communities is doing with sarkozy's
youth minister) YUNUS IN EXILE AS DADS NUMBER 1 worldwide youth's most value multiplying economist if
yunus can be chief consultant on Big S process (invites princess anne , chartles, cameron ..) uk
is the test market with annie getting 40 myplace youth cities franchising stuff that needs social business funding once its
been incubated in myplaces by people jamie oliver, dragons den local shows co-produced by bbc with a little help from eg gareth
malone and artists who entertain billionnaires who could invest micro up etc; and with biillions of corporate dollars
gearing up to make uk olympics meaningful to youth get cameron and yunus as chief consultants to each other by
july and we can report back at queen sofias november summit with special reports by prince charles on energy projects emerging
out of myplaces, and added reporting from dads old friends mary robinsoon on why ireland needs to use its dormant accounts
this way romano prodi and bersculone (who I can never spell) in why italy needs this luxembourg and monaco
royals can join in if they wish youth (eg 100 university microcredit club leadrs) can start viralising ideas
of projects that such good news cold fiund out of every community chris usa 301 881 1655 www.worldeconomist.net references The last Dhaka Hub Leadership Tour - contact jonathan; virtual china tour contact robert can 23 corporates celebrate youth http://socialbusiness.crowdmap.com/reports/view/83 can google.org out of africa save web http://socialbusiness.crowdmap.com/reports/view/55 can 10000 girls develop social IQ test for driving your community bank http://socialbusiness.crowdmap.com/reports/view/38
Saturday, January 8, 2011
Peter Drucker and Norman Macrae lived almost the same learning curve but Peter was about 10 years senior. They were both born at
the same part of the world to itinerant families (Normans dad moved assignents every 3 years as britisg consular). They
first met when Norman was about 13 and Peter about 23 at a meal hosted in the British Consular in Moscow around 1936 when Stalin's
purges were going unrecognised by the rest of the world. So much so that Russia was regarded as a good guy by the allies a
few years later. there is a great virtual community in Drucker's honor; its current tags : Produced by
Friday, January 7, 2011
What should a journal of new economics contain. Re-reading 40 years of my dad's work - the immensity of agendas is huge. We need to establish a culture where raising
big questions is valued more than rushing to answers
Here are some remarks dad made that most made me fall off my
cosy seat
Stockmarkets will need to be completely transformed- the conflict will be between people investing
in the future of the place and global entities thinking they are accaountable to no particular society's employment
and development needs. We may as well design 20 stockmarkets anew around the 20 greatest needs that all people need sustained at community levels
Currencies can't go on being
printed as paper money by governments
3rd quarter Century economists turned against the entrepreneurial origins
of the profession as most became hired by the big get bigger or confused media imagery with the deeper values of unique organisational
purspose
Economists who do not help protect the public from any sector (including place government) whose
proportion of human spend increases exponentially up cannot claim themselves to be economic | In searches being made for a forthcoming book Joy of
Economics, I would be interested to know which of 4 segments readers of this journal wish to profile themselves in. The segmentation
arises from 2 questions: Q1 Is the prime purpose of the origin of economics to invest in advancing the human lot of
our next generations? Q2 Looking back at the 3rd Quarter of the 20th Century, did the West’s biggest
nations accidentally change the future history of economics so that within their borders it stopped investing in next generations |
A) Prime reasoning of economics was investing in youth
but cannot be so in the future | B) Prime reasoning of economics will be and always has been investing in next generations | D)
Prime reasoning of economics never was and never will be investing in next generations | C) Prime reason of Adam Smith economics
was not investing in youth’s future but can be in Net Generation’s first quarter of Millennium 3 |
If, like my dad Norman Macrae you feel able to identify with that band of internationalist Scots who flow across
borders, armed with little more than the bagpipe, you are probably a born optimist segment B. ou may also consider B for Bangladesh (40 years young
in 2011) and Social Business as clues to 2010s being youth’s most exciting decade - if you can help network the greatest
goals humans can aspire to and design systems to value. If you are in segment C, I would most like to linkin[i] with you and understand what non-economic profession helps your community of practice
or emotional intelligence enjoy the missions impossible of Future capitalism
If you are in segment A, you may well
be an old school Economist judging by these words penned in 1943 on The Economist’s centenary: “it is still possible
by social action to create a world of justice freedom and fraternity, and of material welfare ... we have yet to see the best
of the journey: In this great caravan, the journal of opinion, if it be humble and honest has its place. The Economist has
stayed with the caravan for longer than is given to most. It hopes to stay great while longer” If
you are in segment D viewing economics as the “Dismal Science” -well if you can find 100 people like you
who are prepared to meet for one day in what my innovation mentor Harrison Owen calls Open Space technology, then my family
will put $10,000 towards sponsoring a trial event of this kind. We don’t understand why economics in net gen age needs
to be dismal when it could be joyful. But then I am just a statistician who likes mapping futures' exponentials
and doesn’t believe in being over-governed by history of how much the past quarter extracted.
Monday, January 3, 2011
netizens not national govs create jobs for each other
netizens and future capitals contributions to this dialogue most welcome either to info@worldcitizen.tv or ... |
By PTI Sunday, 02 January 2011, 17:58 Hrs | |
Washington: India is a net job creator for U.S.
companies, not the other way around, Nasscom Chairman Som Mittal has said strongly refuting the public perception that outsourcing
and free trade agreements are responsible for America's current economic woes. "India is a net job creator
for U.S. companies, not the other way around. The Indo-U.S. economic relationship benefits the American economy and its job
market in many important and tangible ways," Mittal wrote in an opinion piece in the Seattle Times. The U.S. has emerged
as a preferred destination for Indian investment. In fact, India now ranks second, behind the UAE, in the list of fastest-growing
foreign investors in the U.S., he argued in his article. Observing that India has never sought publicity for its commercial connections
to the U.S., Mittal said India it has quietly become both a major investor in America and a significant destination for American
goods and services. "It has a rapidly growing population of consumers hungry for products of many kinds. And
unlike other large economies that have been suffering through recessions in recent years, India has increased its total outward
foreign direct investment and devoted an increasing share of that largesse to the American market in need of financial support,"
he said. Referring to a recent study by Ernst & Young, which was commissioned by the Federation of Indian Chambers
of Commerce & Industry, Mittal said it found that Indian companies have increased their investment in the U.S. by more
than $20 billion over the past five years. According to the study, those investments have supported the creation
of more than 65,000 American jobs. The study also revealed another welcome trend: an increasing percentage of India's outward-directed
investment is going to the U.S. In the past two fiscal years alone, roughly 20 percent of Indian companies acquisitions abroad
were in the U.S., and that percentage is still rising, he said. In fiscal 2009 and 2010, Indian companies made
536 foreign acquisitions and 105 of them were in the US. During the June quarter of last year, Indian companies
completed 101 outbound acquisitions of which nearly a quarter were American firms. The companies that were purchased
tended to be in the same industries that Americans fear are losing the highest number of jobs to India. According to the study,
information technology was the fastest-growing area of outbound investment, followed by manufacturing and pharmaceuticals. | hello Joy of Economics networks 1 2 : help!!....................................................................................................................................................................................................................................................................................................................................
there are 3 components of this in dad's work : my trouble is I dont fully understand
the classical economics one he wrote about in early 1960s on capital markets (I only found his
books on this _London Capital market & Sunshades in October after he became ill) this
is what I think he said ("right old muddle") linking in to the
quotes on the last page of the consider bangladesh leaflet issue 1 there would be a NW conflict between those institutions that encouraged people to invest in the compound development
of their place - eg paper currency and national government and all power-over you hierarchies of place gov AND electronic-speed
stockmarkets if these went global by professions and professors (MBAS) rewarding those who 1 destroy
compound inter-generational investment in any particular places people (eg hunting out cheapest labour) and 2 destroy long-term compound purpose of a sector's greatest
responsibility not to compound risk (eg rewarding 90 day extraction and externalisation across borders) so
any help on understanding reconcilation of above is earnestly sought before I snailmail
to eg nobel economists, andr nobel peacemakers as alan suggested usa today - USATODAY.com to see if any of them will join the board of journal of social business knowing this is its forbidden
question; ditto I need to ltter write to the 10 people dad mentored most; the question is probably
also the hidden agenda of consider bangladesh becoming 10 times more important to freeing global markets than
dad's consider japan in 1962 by raising a debate between dhaka and tokyo (including dad's friends at JICA, UK embassy in tokyo and
emperor's family - and then wherever china's leadership invests in people); I dare say it is also the central question
to microcreditsummit contributing to exciting 2010s as well as microtechsummit that I need to write to craig barrett aboutthe other two streams of dads work: mapping & media-designing open system designs (network =system**N) entrepreneueurs
and youth need most in service and death of distance digital economies measuring trust, transparency and exponentails
of sustanability are easy for me after 35 years of work on them but helping moderate classical western economist
conflict on capital markets, currencies, other non-hippocratic oaths going on in a goldman sachs or a mckinseys
or egov of a capitol hill is way beyond me (and I should apologise to people like sofia and mostofa for eg
69th birthday circle's combination of missions impossible) to plant a USA reconcilation - suggestion could
be for vidar, sam and monica to set up the beyond wall street economics thinktank either side of yunus speech to congress;
perhaps issue 2 of journal of social busienss could be readying papers on how this connects with queen sofia's 2011 micrtocredit
summit goals I suspect that dhaka is well placesd with its 2 most important banks investing in digital global village economy including egov (grameen) , net city banking (brac) chris
extract hansard Minister for the Civil Service (Transfer of Functions) HC Deb 20 January 1982 vol 16 cc367-89 Mr. Ian Wrigglesworth (Thornaby) Regarding Civill Service Department (CSD) it can be said that the functions should
be totally within the Treasury, as they used to be and as Sir Derek Rayner suggested. It can also be argued that there should
be a separate Department. But we are ending up with a right old muddle,
as the hon. Member for Norwich, South (Mr. Garrett) illustrated, by having some responsibilities in one Department and others
in another. A proper personnel and management function cannot be carried in any organisation with such a split. I fear that
the Government will go no way down the road towards the extra efficiency and cost cutting that they wish to achieve.It has
been implicitly or explicitly accepted by previous speakers that the CSD was not a success. It was not the engine of reform
that it should have been. It did not carry the weight in Whitehall or among Ministers that it should have done, but that is
not a case for abolishing it. Mr. Peter Viggers (Gosport) The Civil Service is our biggest business and is perhaps the best candidate for improved efficiency by way of computerisation.
There are two ways in which this improvement can go. Either the improvement can be accepted, with the Civil Service welcoming
the opportunity to increase its efficiency by using new techniques, or the service can adopt a Luddite attitude and say that
it will have computerisation and improved technology only if there is no loss of jobs, which would be a reactionary and unhelpful
attitude. My reason for making this point is that there is an article in this week's edition of The
Economist in which it is said that the civil service
unions have told the government they will not work any new technology equipment unless they receive an assurance from the
cabinet that no civil servant will be laid off as a result … the treasury has been in favour of giving such an assurance
in order to 'maintain goodwill'. The article is either unhelpful or misleading, and it would be useful if my hon. Friend could
comment on it. I, too, am grateful to the Opposition for enabling us to have this debate. But
no amount of informed speeches can dispel the air of profound unreality which pervades debates on the control of the Civil
Service. I felt just the same about the pleasant and stimulating sittings of the Select Committee under the chairmanship of
the right hon. Member for Ashton-under-Lyne (Mr. Sheldon): although the issue was an interesting one to discuss, nothing that
we decided would enable the uncontrollable to be controlled. If any civil servant—apart from the top echelon—were
asked to judge between control by a Lord President of the Council preoccupied, very successfully, with Zimbabwe, and a Chancellor
of the Duchy of Lancaster preoccupied with the intricacies of leading the House of Lords, he would be tempted to use the words
of an oriental potentate who was unwisely called upon to judge the finals of the Cleethorpes bathing beauty contest and dismayed
the populace by saying "Both are worse" |
Sunday, December 19, 2010
meredith whitney -informative on next bubble - us state and sub-statebudgets are in rotten state with pension nightmares involving
public sector she's also three quarters rioght that much corporate goodwill ( vt uw) will turn out to obervalued -for 20 yerass now intangible valuation has bee the bigegst mathjs mistake ever perpetrated
by professions- many corporations are over-valued because of not understanding compound risks; some newer knowledge newtorking
organsiations are undervalued; thiose that spend larghe amounts on adverstising are often those most overvalued http://www.huffingtonpost.com/2010/09/29/meredith-whitney_n_743300.htmlhttp://www.meredithwhitneyllc.com/research.php
Wednesday, November 24, 2010
NM1 There cannot be a greater job creation stiumulus than realising SB stockmarkets
9:02 am est
Are Nobel Economists economical? nd other forbidden questions of the joy of economics
http://joyofeconomics.com norman macrae party speech leaving The Economist (1988) after 40 years: in the 1970s the Swedish Nobel prize committee had been getting into controversy with its choices so around 1977
it thought it would poll about 50 university business schools. This was fine except for the univesrity in Japan which
doesnt have business schools. This university felt it had to nominate a foreigner who had written someting about entrepreneurship
that had been translated into Japanese... and so it was that Japanese univesrity which I had never heard of nominated
me for a Nobel. Now alas of the 4 million people then in the world, I expect there were only two who thought this was
a sensible idea. One was me; the other was presumably the vice chancellor of the quite unpronouncable Japanese university.
Still I spent the next few months eagerly accepting invitations to lecture in sweden and on the day of the announcement hung
around our room with the tape machine looking nonchalant with a transistor in my ear. In the event they gave the prize
to some American called Apfelstrudel or something who had invented business schools or written a very succesful book on management
theory. So I thought, ah well, perhsps
next year if I am very tactful. Then that Wednesday The Economist proofs with a note on the Nobel came over my desk.
The note said: The Nobel Committee for Economics has always been pretty dumb, but this year it doesnt realise that
the diference between economics and so-called management science is: A) Kick in the groin B) Kick in the
groin C) Kick in the groin & left uppercut And anyway if they pick anybody to pick Apfelstrudel is
another kick in the groin. So I thought oh dear they will think I wrote this with the sourest of grapes. Then I
rang Sarah Hogg and said "about the Nobel piece - and she interjected yes, you must promise not to change a word of it.
Its by our new economics corerspondent. and he's by far the brightest chap we have ever had, so even if you disagree
with it you must promise not to change a word. He's by far our brightest chap. You understand. So I said, as one always
did, Yes Sarah. And now the punchline. I suspect this was just about the first thing young Rupert (Pennant-Rhea) ever wrote
on the paper. And I've never quite forgiven him.
8:27 am est
Monday, November 8, 2010
schumpeter
In praise of schumpeter The Economist runs several opinion columns whose names reflect their topic: Schumpeter ( Business) — named for the economist Joseph Schumpeter, this column was established on September 2009 and is written by Adrian Wooldridge. - Gentlemen, a depression is for capitalism like a good, cold douche. (To economics students, recorded by
RL Heilbroner, The Embarrassment of Economics, 1996)[1]
- Innovation is the market introduction of a technical or organisational novelty, not just its invention. (Theorie
der wirtschaftlichen Entwicklung, 1911)
- I felt it my duty to take,and to inflict upon the reader, considerable trouble in
order to lead up effectively to my paradoxical conclusion: capitalism is being killed by its achievements.
- However, if Marx had not been more than a purveyor of phraseology, he would be dead by now.
- Geniuses
and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact
that they do not.
- Part I, Chapter III, pg.21
- As a matter of fact, capitalist economy is
not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized
from within by new enterprise, i.e., by the intrusion of new commodities or new methods of production or new commercial
opportunities into the industrial structure as it exists at any moment.
- Part I, Chapter III, pg.31
- For
one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself.
- Part I, Chapter III, pg.34
- The opening up of new markets, foreign
or domestic, and the organizational development from the craft shop and factory to such concerns as U. S. Steel illustrate the same process of industrial mutation-if I may use that biological term-that incessantly revolutionizes the
economic structure from within, incessantly destroying the old one, incessantly creating a new one. This
process of Creative Destruction is the essential fact about capitalism.
- Part II, Chapter VII, pg.83
- Situations
emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they
could weather a particular storm.
- Part II, Chapter VIII, pg.90
- Nothing is so retentive
as a nation's memory.
- Part II, Chapter VIII, pg.100
- Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand.
- Part II, Chapter X, pg.114
- It is quite possible that future generations
will look upon arguments about the inferiority of the socialist plan as we look upon Adam Smith's argument about joint stock companies which, also, were simply false.
- Part III, Chapter XVII, pg.196
- The
capitalist process shapes things and souls for socialism.
- Part III, Chapter XIX, Section I, pg.220
- Nothing is so treacherous as
the obvious.
- Part IV, Chapter XX, Section I, pg.235
- To realize the relative validity
of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian.
- Part IV, Chapter XX, Section III, pg.243
- In economic life competition is never completely lacking, but hardly ever is it perfect.
- Part IV, Chapter XXII, pg 271
- The
trouble with Russia is not that she is socialist but that she is Russia.
- Part V, Chapter XXVIII, pg.404
- This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let
us shut our eyes to it.
- The March into Socialism, pg.419
Friday, September 10, 2010
hayek, & macrae
Commentary — By Alex Chafuen on July 29, 2010 at 5:36 PM The late great Cambridge educated Norman Macrae, former Deputy Editor
of The Economist reflected on the first 100 “Hobart Papers” published by The Institute of Economic Affairs.
Sound Money got his attention: “About 40 of the first hundred Hobarts have been on macro-economic
subjects. For me, the most convincing has been the most radical number 70, by the Nobel Prize -winner Professor F. A. Hayek,
which advocated the Denationalization of Money. It is probably going to be recognised during the period of the second hundred
Hobarts that inflation has been caused by one particular manifestation of the age of growth of government power, namely, the
nationalisation during the 20th century of the production of money. Before 1914 the gold standard prevented officialdom from
increasing the
money supply. Private profit-making bank s could and did create paper Credit, but the attraction of such
paper money remained limited by the security of the issuing banks. Since 1918, governments have acquired the right to print
money and do so when ever pressures are put on them such as (a) ‘print more money or there will be higher unemployment’,
or (b) ‘print more money or trade union demands for higher wages cannot be met, and then there will be strikes’.
To many of us it once seemed ration al that governments should have the right to make such surrenders. But there have been
two changes. First, the argument that it is sensible to allow inflation in order to keep down unemployment has lost its attraction
as rich countries have decided that inflation is a main reason why they must continue to allow unemployment to remain high.
Secondly it has become clear that, when
trade unions feel that governments will increase money supply in order to accommodate
their demands, they will make higher demands. Everybody is intelligent enough to maximise his demands according to
the
likelihood that those in power will give way to them. Argument s that wage demands are determined by any less logical reason
(such as intensities of feeling about unfair distribution of income) are sociological guff.
Half-a-dozen of the Hobarts
seem to me to have advocated the continuance of the main government monopoly over money supply, but with rules on stem targets
about how much new money each central bank is permitted to create. The difficulties here are that any measures of money supply
agreed as a target quickly become distorted because banks and governments then have an incentive to create money in some form
just outside the reach of the target.”
We all miss the clear mind of Norman Macrae. For several
years he was a judge of Atlas’s Fisher Book Awards.
Update on Reserve Currency Mess : The Economist 19 Jan 2011
America’s currency punches above its economy’s diminished weight in the world. America’s share of global
output (20%), trade (only 11%) and even financial assets (about 30%) is shrinking, as emerging economies flourish. But many
of those economies, such as South Korea, still sell their exports for dollars; many, including China, still peg their currencies
to the greenback, however loosely; and about 60% of the world’s foreign-exchange reserves remain in dollars. This
allows America to borrow cheaply from the rest of the world. Its government has been able to overspend, secure in the knowledge
that its IOUs will be bought by foreign central banks, which are not too fussy about price. America would show more self-discipline,
many Chinese believe, if the dollar had a little bit more competition. Could the yuan become a rival? China’s economy will probably surpass America’s
in outright size within 20 years. It is already a bigger exporter. It is prodding firms to settle trade and even acquire foreign
companies in its own currency. That is adding to a pool of “redbacks” outside its borders. These offshore yuan
are, in turn, being tapped by borrowers, issuing “dim sum” bonds in Hong Kong (see article). But as the dollar’s history shows, economic clout is not enough without financial sophistication (see article). If foreigners are to store their wealth in yuan, they will need financial instruments that are safe, stable and easily
sold. Dim sum makes for a tasty appetiser. But the main feast of China’s financial assets is onshore and off-limits,
thanks to its strict capital controls. The government remains deeply reluctant to let foreigners hold, buy and sell these
assets, except under tight limits. Indeed, it is barely ready to give its own people financial freedom: interest on bank deposits
is capped; shares are largely owned by state entities; and bonds are chiefly held by the banks—which are, in turn, mostly
owned by the state.
Monday, August 23, 2010
people you never forget
(google translation
of Swedish note by JanErik Larrson )
There are moments you never forget, people you never forget.Norman Macrae is one such
person. The meeting took place in spring 1993. In the latest issue
of The Economist devoted three pages to an obituary of the recently deceased Norman Macrae. It is well worth reading, for Macrae was
in truth a very special person. Few have the time and had his ability to "see beyond
the next corner". He was the journalist who first "discovered" Japan's future economic greatness. It was the 1962nd He predicted the Soviet case, with a thorough analysis very early. Most of his career, he worked at The Economist - a large part of the time
as an assistant editor. I had read some of MacRae books with future predictions,
and I took in 1993, who was communications director at SAF - contact with him. I asked him to come to Sweden to write a
book about Sweden 2015th He came here. The cause-and language-knowing Peter Stein
guided him for a few weeks by Sweden. After the trip we met. And there is that moment I remember so well. Swedish economy then was not in particularly good shape. It was just months after the big devaluation. Few saw any really successful future for Sweden. Norman said at the outset that
Sweden has a bright future ahead of them. I was amazed. What did he find? Well, he replied: "You
have a pretty well-run public sector. There is the embryo of your future. But nothing will happen until you are privatizing
the public sector. Lets you loose the talent that is there now, so you will have a fantastic new export sector.
" It is five years away from 2015 but just as incredible as Norman's prediction
seemed likely in 1993 as it opens today 17 years later. Norman Macrae book was published
in 1993 by Ekerlids publishers. It's called "The new Viking - a future history of the Swedish 1995 -
2015". I see now in The Economist that Norman in 1991 wrote an article entitled
"A Future History of Privatisation". As the Economist points out, this was a time when few believed
in the market, then the confidence in the power of the state's ability to add life to the right were high. Still, much remains to be done to get there, Norman Macrae thought Sweden would reach. But of course it is possible to achieve
much more in the next legislature.
Thursday, July 8, 2010
Norman Macrae was a journalist with an
unrivalled ability to foresee the future. A man of modest renown but great reach and lasting influence, he was the first,
in 1962, to see that Japan would become a world-leading manufacturer. He advocated privatising state-owned industries and
services when the idea was seen as insane. He predicted the fall of the Berlin Wall. He said the Soviet Union would collapse
as well; unlike others who said they thought so too, he was not the least bit surprised when it did. Macrae, who has died at the age of 86, worked for nearly 40 years at The Economist, first as a writer – mostly
without a byline – and then for 23 years as deputy editor, guiding the weekly’s thinking on economics, politics
and technology. He left his mark not just on the opinions but also on the character of what he called the “world’s
favourite viewspaper”. In his time, this singular publication expanded its readership enormously.
He was an intellectual, a deep thinker, and he believed that
journalism should be about ideas. Leading by example, he had a great many of them, often before the world was quite ready.
He was an optimist and, despite falling out occasionally with office equipment, a technophile. At the dawn of the personal
computer he foresaw a networked world. He anticipated cloud computing. He probably coined the term “telecommuting”.
He thought that human ingenuity was boundless, so long as it was allowed to flourish. Ideologically,
he was hard to pin down. He believed in individual initiative and private enterprise, trusted in progress, and viewed the
state with suspicion. His loathing of communism started early. The son of a diplomat, he was born in what is now Kaliningrad
and educated at Mill Hill school in England. “My father was British consul in Moscow in 1935-38,” he wrote. “I
had summer holidays from school there at the height of Stalin’s purges. Russian members of the embassy staff, including
fellow teenagers like some of the maids, were disappearing, probably to be shot.” After
war service he went to Cambridge, where he read economics, and soon after joined The Economist, where he was to stay until
his retirement in 1988. Under a series of different editors – he aspired to the top job but did not dwell on being passed
over three times – he was a dominating presence at the editorial meetings that shaped the paper’s line. Editing
stories overnight before pages went to press – he sometimes slept in the office and he was known for his crumpled suits
– he erred on the side of rigour. While Brian Beedham, foreign editor for many years and a comparably powerful figure,
formed The Economists’s line on international affairs, Macrae patrolled all other terrain. He
admired the US and was fascinated by it. But he was not a conservative, least of all of the modern American sort. He disliked
religiosity, and thought war disgusting. He had been an RAF navigator in bombing runs over Germany: “a public-sector
[job], with public-sector productivity ... creating a slum in the heart of our continent”. He saw the need to stop health
spending swallowing the US economy, and contemplated solutions unlikely to be endorsed by Sarah Palin: “There will need
to be recognition that it is a dreadful waste of resources for either the state or insurers to spend $20,000 on keeping an
old man alive and in pain for an extra few weeks”. In macroeconomic policy, he was all
for deficit spending and incomes policy until well after the arrival of Margaret Thatcher. In due course he switched to monetarism
– but he needed to be persuaded. He was never a reflexive contrarian. He cared too little for fashionable opinion to
oppose it on purpose. He thought it all through for himself, took nobody else’s wisdom on trust, and followed the analysis
where it led. Sometimes, that could be anywhere. He could chase an initially plausible line
of argument right off the charts. He thought, for instance, that information technology would soon free workers to move to
low-tax jurisdictions and drive public spending almost down to nothing. Thus, the personal computer was the end of big government. One day, maybe: it is going more slowly than he hoped. Macrae was not one to clutter an idea with too many qualifications.
He had a mighty appetite for information, but when he was framing an argument some facts were more equal than others. Inconsistencies
might be drawn to his attention: he would repurpose them as paradoxes, in which he delighted. He would rather be bold, even
if later proven wrong (not that he expected to be). Critics of Macrae, and of The Economist, complained of arrogance. He was not arrogant. He thought that the worst thing was to be dull, and he could not be dull if he tried. Working
at The Economist with no byline, colleagues observed, cost Macrae the fame he might otherwise have enjoyed. It is questionable.
The paper was lucky to have him, but it returned the favour. He worked for excellent editors who understood his value. They, and the magazine’s ethos of joint intellectual property, curbed his eccentricities while indulging his
curiosity. He adored the magazine and the feeling was mutual. Macrae’s mission to sharpen the arguments of subordinates
aroused surprisingly little rancour. He was amiable, generous and wonderfully easy to amuse. You knew Norman was in the office
because you could hear him laughing. He and The Economist were a perfect fit. Macrae was awarded
Japan’s Order of the Rising Sun in 1988 and appointed CBE the same year. He married Janet Kemp in 1949; she died in
1994. They had a daughter, Gillian, who died in 1989, and a son, Christopher.
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Sunday, August 23, 2009
Dear Matthew while I realise you wrote this last year, it interests me a lot http://matthewyglesias.theatlantic.com/archives/2008/03/the_economist_1.php 1 as one of the posters said - norman macrae must be rolling in his grave except he is alive and kicking 2 back in 1984 we forecast a mother of all media wars between professionals advocating macroeconomic or microeconomic
globalsiation - only one of two's opposite system could sustan the world http://www.normanmacrae.com/netfuture.html my father believes that bangladesh - muhammad yunus and fazle abed - are Yes WE Can's epicentre of microeconomics sanity and hi-trust systems design , and so exponentially sustainable futures for all our generations;
I was over there recently faclitating a 69th birthday dialogue for Muhammad Yunus so that in the event that your paper might
be interested in an article by Yunus or Abed please say chris macrae http://journalistsforhumanity.com
Wednesday, January 21, 2009
Exponential History of Destruction of Goodwill by Globalisation Economy - 1988-2008 - see the curve we now need to bend before the 2010s http://www.whitehouse.gov/agenda/economy/ make 1930s slumps look rosy -anchored on 1984 maps (macrae.tv - the risk of macroeconomic chicanery) 1988 wholly erroneous brand valuation algorithm invented promotes the greatest loss of sustainability by the
communications profession possible to govern through wrong metrics - sets the scene for the big 5 global accountants to deisgn
greatest compound risk maths round every type of global profession's most speculative interests in maintaining its industrial
age and hyper-separtaion monopolies - not a good start for an age whose main economic opportunbities involved truth of connectivity
and integration of localities equitably into global criis of opportunity and threat scoop given to The Economist
to write up as year of brand, which it does but then ignores in the ways that it questions media and intangibles economics for next 20 years
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.written spring 2008 after hosting 30
alumni St James Lunch Feb 15 with Dr Yunus as Guest of Honour THE IMPORTANCE OF DR YUNUS By Norman
Macrae The Nobel Peace Prize for 2006 was controversially awarded in Oslo to
a "banker for the poor" in once basket case Bangladesh. Since the microcredit system pioneered by this Doctor Muhammad
Yunus really has raised record millions of Bangladeshi women from the world’s direst poverty, Yunus was greeted on his
recent visit to London largely by the misunderstanding Left. But as an octogenarian Thatcherite, I also
had lunch with him and thrill fully to his stated aim to "harness the powers of the free market to solve the problems
of poverty", and his brave belief that he can "do exactly that". This apparent appearance of a viable system
of banking for the poor has important implications we had better start by examining how microcredit almost accidentally came
about. START IN A STARVING VILLAGE During
Bangladeshi’s terrible famine year of 1974, Dr Yunus ( who had attained his doctorate in economics in a fairly free
market American university) was back at his 1940 birthplace of Chittagong, Professor of Economics at the
university there. He took a field party of his students to one of the famine threatened villages. They analysed that all 42
of the village’s small businesses (tiny farm plots and retail market stalls) was indeed going bust unless they could
borrow a ridiculously tiny total $27 on reasonable terms. First thought was to give the $27 as charity. But Yunus lectured that a social business
dollar that had to be paid back from careful use in an income generating activity, was much more effective than a charity
dollar which might be used only once and frittered away. All of those first 42 loans were fully repaid, and lent back, and
after 9 years further experiments Yunus in 1983 founded his Grameen (which means Village) Bank. Its priority was to make loans
that were desperately needed by the poor instead of the usual banking priority to make the safest loans to the rich who could
provide collateral against what they happened to want to borrow. In the next 23 years, Grameen provided $6 billion of loans to poor people with an
astonishing 99% repayment rate. In 2006, it had seven million borrowing customers, 97% of them women (who tend to be the poorer
sex in rural Islamic societies) in 73000 villages of Bangladesh. Microcredit had by then reached 80% of Bangladeshi’s poorest
rural families and over half of Grameen’s own borrowers had risen above the absolute poverty line. When a Grameen bank manager goes to a new village, he has entrepreneurially
to search for poor but viable borrowers . He earns a star if he achieves 100% repayment of loans, and another star if he attains
achievement of the 16 guarantees that all customers are asked to pledge, ranging from intensive vegetable growing through
attendance of all children at school, to abolition of dowries. A branch with five stars would oftenb transfer to ownership
by the poor women themselves. A branch with no stars would be in danger of closing, so borrowers tend to rally round with
suggestions, such as which unreliable repayers to exclude. An early income generator was the profession of telephone ladies. They borrowed
enough to buy a cheap mobile phone from a Grameen subsidiary. They world draw fees for phoning to see if more profitable prices
for crops were available in a neighbouring village, and from anybody who wanted to hire the phone to contact the outside world.
This is a job that could only become important in a microcredit setting; the owner of a mobile phone in richer suburbia would
not find many customers to hire her set. Village garment-makers were soon exporting clothes to far countries which made free
trade by the importing countries important. One special desire of Yunus was to improve the nutrition of poor children in the
villages of Bangladesh, and he formed a social business with the large French food multinational called
Danone. Grameen-Danone test marketed to find what sorts of fortified yogurt Bangladeshi children would like. Although Danone
at first wanted large plants with refrigerated systems, Grameen won the debate to make then small plants who bought local
milk and very cheap local distributors who knew which families had children who might buy the cheap yogurt fresh. Danone had
to agree not to pay any dividend from the sales of the yogurt in Bangladesh so as to keep the price cheap at
a few US cents per cup, but its $1 million investment remains returnable and it has learnt a lot about sales of a new product
in poor countries. THE FUTURE Will such Social Businesses spread as far as Yunus hopes? I doubt this. Great leaps like Microsoft’s invention
of good software are often made by small but initially hugely profit making small businesses. But it is easy to see a Grameen-Microsoft
social business providing software suitable for poor countries where even adults are often illiterate. My view is that the
Grameen experiment may prove to be most important for what might be called its macroeconomic impact. When more formal banking
for the rich is intermittently in crisis, this may be happening now. In this 2008, conventional bankers to the rich have trotted
in panic behind the American giants who grossly mislent on subprime mortgages, and then sold these loans on in "securitised",
and exploding and even "derivitavised" packages to weaker funds and banks who have frantically tried to disguise
from their shareholders and from themselves how unmarketable and worthless some of these assets are. If all bank statements
in early 2008 had been utterly and appallingly honest, runs by depositors out of them could already have accelerated out of
control. Such banking crises are likely to recur before and after next January when a new American president takes office.
To judge from the protectionist economic nonsense at least two of the three candidates have talked in the primaries, a tyro
president would be quite liable to bumble such a crisis into an even a 1929-1933 type of world slump. Britons should remember
that our prime minister in 1929 was our last previous dire right wing Labour Scot, and that he had to coalesce in 1931 with
a Baldwin who was as deaf as today’s Cameron to why it is better to widen budget deficits in a slump. A lesson in how to run village businesses and not to handle bank
crises comes also from Japan. When I wrote my first book on Japan’s economy nearly
50 years ago, Japan had about two dozen lightly taxed exporting multinationals who bought their components
marvellously cheaply. The car factories bought their ball bearings from tiny village firms, and the banks attached to Toyota
etc kept on lending even when some peasant’s first bearings did not past muster but gradually propelled him to work
with or under a brighter neighbouring peasant whose products did. That seemed inefficient to American experts and in the early
1960’s I had a translated debate on Tokyo television with an American who said that such slack banking
would ruin the country. I rejoiced as Japan then quintupled its living standards in the next twenty years
and its banks became temporarily the most powerful and prosperous in the world. The crash came when in the late 1980s American
business schools convinced Japanese factories that components must be bought just-in-time. The big banks turned to financing
suppliers who could do this (which were not those striving to be cheapest). Banks lent mainly to new firms who could provide
collateral which meant to richer ones. Once they were lending mainly to the rich they blew up such a bubble that the nearest
golf course to Tokyo was said to have a greater land value than the whole state of California.
When this bubble burst, all the banks had bad debts, which the government helped them to hide so Japanese living standards
stop rising fast since circa 1989. This is the threat to the whole rich world today. | . |
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1 How does a microsummit evolve- start with some of the most passionate experts in the world at practising
a subject in poor communities who desperately need solutions - see if during a first year's teamwork they can agree on
about 10 action learning subnetworks and get peers wanting to participate eg this is an early draft list of what microhealthsummit
might invite action networkers to connect ...
