Almost all of the climate discourse is framed in terms of economic transactions with carbon markets and carbon credits and carbon offsets and the market dynamics associated with them or with technology solutions that corporations can implement.

Instead, he lauds the figure of themarket as a knowing entity, envisioning it as a kind of processor of socialinformation that, through the mechanism of price, continuously calcu-lates and communicates current economic conditions to individuals inthe market.

Peaches.LA was created by Natalie Tenerelli and Dan Cox to help get some of the best peaches in the world into the hands of everyone outside the LA Farmers Markets and top chefs.

Good protocols tend to form persistent Schelling points in spaces of problems worth solving, around solutions good enough to live with – for a while. And surprisingly often, they manage to induce more complex patterns of voluntary commitment and participation than are achieved by competing systems of centralized coordination.

Just transformations challenge power politics, which are often based on vested interests, cost-effectiveness and cost-recovery principles. Addressing deforestation through forest policy may not be adequate to counter agricultural policies that promote land use change to ensure more production and higher gross domestic product (GDP). Carbon markets may be captured by entrepreneurs seeking profit and may not be equitable or effective and can allow pollution to continue. In ‘allocating policy responsibilities’, it is important to not only understand and challenge dominant discourses on increasing GDP at all costs, but also ensure that solutions do not reproduce, redistribute or increase injustices.

Ryan Randall @ryanrandall@hcommons.socialEarnest but still solidifying #pkm take:The ever-rising popularity of personal knowledge management tools indexes the need for liberal arts approaches. Particularly, but not exclusively, in STEM education.When people widely reinvent the concept/practice of commonplace books without building on centuries of prior knowledge (currently institutionalized in fields like library & information studies, English, rhetoric & composition, or media & communication studies), that's not "innovation."Instead, we're seeing some unfortunate combination of lost knowledge, missed opportunities, and capitalism selectively forgetting in order to manufacture a market.

Does our most powerful force not come from the depths of our capacities to #love, #care for and #serve nature and all its beings, including ourselves?

the ultimate #guidance we need to heal Earth does not come from the #markets and our #technologies supporting them. What they are is tools, supporting a direction, facilitating transactions in a world where we do not yet speak a deep #common language of #unity, #stewardship and #coexistence but these markets and technologies should not dictate where we are headed, or else I'm afraid we are simply missing the whole point.

However, there is fatal flaw to this argument—as an overall macro strategyfor reducing poverty, it will be ineffective unless we also increase the overallquantity and quality of opportunities, particularly job opportunities, in society.In other words, by providing an individual with greater education, we havemade them more competitive in the job market, but only at the expense ofsomeone else. In this sense, the strategy is played as a zero-sum game.

Musical Chairs

This circular process of issuing new shares to employees and then buying those shares back with company money – MY money as a shareholder – is called ‘sterilization’.

Speculation, herd exuberance, irrational optimism, rent-seekingand the temptation o f fraud drive asset markets to overshoot andplunge - which is why they need careful regulation, something Ialways supported. (M arkets in goods and services need lessregulation.)

experiments in laboratories by the economistVernon Smith and his colleagues have long confirmed thatmarkets in goods and services for immediate consum ption -haircuts and hamburgers - work so well that it is hard to designthem so they fail to deliver efficiency and innovation; whilemarkets in assets are so automatically prone to bubbles andcrashes that it is hard to design them so they work at all.

the institu-tions in force in China in the eighteenth century were much more inaccord with Smith’s ideas than those applied in the United Kingdom.

Understanding the failure of internal knowledge markets: A framework for diagnosis and improvement

In a fiat currency system, neither money nor government debt are real. They are illusions, mass delusions. This allows politicians to periodically bring the nation to the imaginary brink, point the cameras into a fictitious abyss, and then rescue us from a crisis of their own creation – all with the stroke of a pen.

There will be three billion gamers by next year, according to a Newzoo study. And as Loftus puts it: “People are going to need to wear something.”

Code: That which is technically possible or impossible.Law: That which is legally permitted or prohibited.Markets: That which is profitable or unprofitable.Norms: That which is socially acceptable or unacceptable.

BlackRock employs a stable of former policymakers, underscoring the importance the company occupies in both financial and policymaking ecosystems, in something akin to a shadow government entity.[157] Good government groups have documented 118 examples of “revolving door” activity by the company—cases in which a government official joined BlackRock’s roster, or vice versa.[158] In one particularly troubling example of how Washington’s revolving door operates, in 2017, a former BlackRock executive was put in charge of reviewing the FSOC’s work for the Treasury Department.[159] Unsurprisingly, the Department’s conclusion was that FSOC should “prioritize its efforts to address risks to financial stability through a process that emphasizes an activities-based or industry-wide approach,” the company’s preferred position.[160] This conclusion all but ensures that BlackRock will not be designated for greater regulation by the FSOC under the Trump administration.

being gainfully employed, I don't have to worry about graduation or tenure

Contrast this situation with that of academia.

What Fukuyama and a team of thinkers at Stanford have proposed instead is a means of introducing competition into the system through “middleware,” software that allows people to choose an algorithm that, say, prioritizes content from news sites with high editorial standards.

Put another way, a lot of the “low hanging fruit” in the US software market is now gone. Software in the US generally works. And new opportunities get swept up with would-be competitors immediately. If the 90s was about thinking through your build, the 2020s is about thinking through marketing & distribution.

Fourth, instead of punishing Aggregators for building products that consumers like to use, antitrust authorities should focus on third-party advertising markets, particularly the role played by Google.

The rational expectation and thelearning-from-price literatures argue that equilibrium prices are accurate becausethey reveal and aggregate the information of all market participants. The MarketSelection Hypothesis,MSH, proposes instead that prices become accurate becausethey eventually reflect only the beliefs of the most accurate agent. The Wisdomof the Crowd argument,WOC, however suggests that market prices are accuratebecause individual, idiosyncratic errors are averaged out by the price formationmechanism

0.506 (0.532)

For the 12 studies with an original p < 0.005, 10 (83%) replicated. For the 12 studies with an original p > 0.005, only 1 (8%) replicated. Further work is needed to test if prediction markets outperform predictions based only on the initial p-value, to test if the market also aggregates other information important for reproducibility.

Losing face

During 1995, a decision was made to (officially) start licensing the Mac OS and Macintosh ROMs to 3rd party manufacturers who started producing Macintosh "clones". This was done in order to achieve deeper market penetration and extra revenue for the company. This decision lead to Apple having over a 10% market share until 1997 when Steve Jobs was re-hired as interim CEO to replace Gil Amelio. Jobs promptly found a loophole in the licensing contracts Apple had with the clone manufacturers and terminated the Macintosh OS licensing program, ending the Macintosh clone era. The result of this action was that Macintosh computer market share quickly fell from 10% to around 3%.

market built on socioeconomic inequity,

One widely circulated report this summer—which appears to have caught Mr. Trump’s attention—estimates that China shed five million industrial jobs, 1.9 million of them directly because of U.S. tariffs, between the beginning of the trade conflict and the end of May this year.

That isn’t insubstantial. But it is still small compared with China’s urban labor force of 570 million. It also represents a slower pace than the 23 million manufacturing jobs shed in China between 2015 and 2017, according to the report, published by China International Capital Corp., an investment bank with Chinese state ownership.

The Fed offered $30 billion of reserves maturing Oct. 8, receiving $62 billion in bids from banks offering collateral in the form of Treasury and mortgage securities. Banks bid for $32 billion more than the amount offered by the Fed. In a second offering, the Fed added $75 billion in overnight reserves, with banks bidding for $80.2 billion, or $5.2 billion more than was available.

“Pension funds can’t match their liabilities with where rates are today so they have to hope that equity markets will continue to rally,” he says.

volatility and leverage are co-determined and arepro-cyclical; that is, together, they amplify the impact ofshocks. The mechanism, to be specific, is that decliningvolatility reduces the cost of taking on more leverage andfurthers a buildup of risk. The lesson: Risk managers mustresist the temptation to sell volatility when it is low andfalling. The AMH implicitly embraces modeling suchbehavior with heterogeneous agents that use heuristics.

Roth, now 67, gravitated to matching markets, where parties must choose one another, through applications, courtship and other means. In 1995, he wrote a mathematical algorithm that greatly improved the efficiency of the system for matching medical school graduates to hospitals for their residencies. That work led him to improve the matching models for law clerkships, the hiring of newly minted economists, Internet auctions and sororities. “I’m a market designer,” he says. “Currently, I’m focused on kidneys. We’re trying to match more donor kidneys to people globally.”

it does not operate by a thoughtful consideration of local/global tradeoffs, but through the imposition of a singular view as “best for all” in a pseudo-scientific sense

Canton

Portfolio flows into emerging markets slowed sharply in August to $2.2 billion from $13.7 billion in July, the Institute of International Finance said.

The selloff partly reflects a broader malaise in emerging markets. U.S. interest rate increases and a stronger dollar have lured cash back to America, often at the expense of developing economies. Some countries have come under additional pressure because of U.S. tariffs or sanctions, while economic turmoil in Turkey and Argentina have further fueled investors’ concerns.

The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there’s no way to beat the market. Now, that’s an extreme statement of the hypothesis, and the difficult part is actually developing tests of it because you have to say something about what the market is trying to do in setting prices.

Today’s American youth are entering a labor market strikingly different from earlier generations. Over the last decade, global economic integration and the collapse of the Soviet Union have led to what economist Richard Freeman (2008) has called a “dou-bling” of the global labor market, from a pool of 1.46 to 2.93 billion. This has created a chronic shortage of jobs relative to those who seek them. The economic downturn that resulted from the 2007 financial panic has worsened this shortfall (see Figures 1 and 2).2

I think it's natural for like-minded people to group together but the longer that process continues the more of an echo chamber it becomes. What's worse is the longer you wait to try to get people involved in the project that would naturally not try to join the harder it will be. When your team is 4 men, the first woman which joins will make a significant impact. When your team is already 20 men you need to get a lot more women on board to have the same impact. But it's not just gender that is making a difference, it's in particular cultural backgrounds. The reason Unicode is hard is not because Unicode is hard, but because a lot of projects start out with a lack of urgency since many of the original developers might live in ASCII constrained environments (It took emojis to become popular for people to develop a general understanding of why Unicode is useful in the western world).

known to be effective: prediction markets

8 Profound Marketing Lessons I Learned From Selling at a Food Market

Despite their frequent use of the word ‘democra - tization’, such efforts are profoundly anti-democratic, insisting that the introduction of devices and software by a self-identified technocratic elite trumps duly-enacted laws and law enforcement mechanisms, and that a kind of market – a market in adoption of such services – is the exclusive method society should use to judge the provision of these services.