tag:blogger.com,1999:blog-28391287290960947662024-03-13T02:41:54.246+01:00the Social Complexity of Informal Value ExchangeNews of initiatives to model and understand the social processes and properties of informal value exchange and transfer, including the meaning of value.Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-2839128729096094766.post-85434201804759566272016-10-19T15:15:00.000+02:002016-10-19T15:15:26.091+02:00Economist article describing the size of the informal economy e.g. "4% GDP" in Europe<h3 class="headline" itemprop="headline">
Bringing light to the grey economy</h3>
<div class="headline" itemprop="headline">
at: <a href="http://www.economist.com/news/international/21708675-new-technology-may-persuade-informal-businesses-and-workers-become-formal-bringing-light">http://www.economist.com/news/international/21708675-new-technology-may-persuade-informal-businesses-and-workers-become-formal-bringing-light</a></div>
<div class="headline" itemprop="headline">
<br /></div>
<div class="headline" itemprop="headline">
Mostly this article bemoans the loss of tax revenue and discusses how easy it will be to avoid it in the future, but in passing it hints at the importance of the informal economy -- and this does not include all the <i><b>unpaid</b></i> work people do (housework, child caring etc.).</div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-66255702279609080102016-06-26T15:30:00.001+02:002016-06-26T15:30:09.692+02:00Will informal value exchange develop in parallel with DIY constrution of items?There are two movements around of interest:<br />
<ul>
<li>The 'maker' movement of people customising and making their own devices, clothes etc. using the new technologies of 3D printers, computer-controlled lathes, Arduino boards etc. Here plans and expertise is often swapped freely without payment.</li>
<li>Alternative currencies and value exchange systems that pass around value without involving traditional money (bitcoin, ripplepay, baby sitting circles etc.)</li>
</ul>
It will be interesting to see if these two come together in any substantial way. Some makerspaces do have alternative currencies to lower the barriers to the involvement of cash-strapped participants, but that is localised and on a very small scale. Maybe non-traditional value-creation needs a non-traditional value exchange system - it will be interesting to see!Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-20189708678704110862014-05-13T16:53:00.001+02:002014-05-13T16:53:19.445+02:00Repost from RWER: "Is bitcoin ´money´? The Post Keynesian view." see <a href="http://rwer.wordpress.com/2013/11/27/14335/">http://rwer.wordpress.com/2013/11/27/14335/</a>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-79273114293802945362014-03-18T14:38:00.002+01:002014-03-18T14:38:10.403+01:00Guardian Post: The truth is out: money is just an IOU, and the banks are rolling in it<h1 class="article__headline " itemprop="headline" style="text-align: center;">
<span style="font-size: large;">The truth is out: money is just an IOU, and the banks are rolling in it</span></h1>
The Bank of England's dose of honesty throws the theoretical basis for austerity out the window. <br /><div class="article__standfirst" data-component="standfirst" data-link-name="standfirst" itemprop="description">
</div>
<div class="article__standfirst" data-component="standfirst" data-link-name="standfirst" itemprop="description">
Read it at: <a href="http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity">http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity </a></div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-7469033729077457502013-07-08T18:27:00.002+02:002013-07-09T12:01:41.243+02:00Blog post by David Hales on Labour Finance and Industry Group (LFIG) blog<br />
I was asked to write a short blog post for the Labour Finance and Industry Group (LFIG) blog on P2P financial systems. The Labour Party (the main centre-left opposition political party here in the UK) is in the process of forming new policy for the next election and consults widely within academia and beyond. I was very glad to asked to write a post on P2P finance which I think could become a major countering force to large "to-big-to-fail" institutions.<br />
<br />
Here is the post:<br />
<br />
<a href="http://www.lfig.org/articles/supporting-peer-to-peer-financial-services-for-economic-resilience/">http://www.lfig.org/articles/supporting-peer-to-peer-financial-services-for-economic-resilience/</a><br />
<br />
And below I reproduce it here:<br />
<br />
<b><span style="font-size: large;">Supporting Peer-to-Peer Financial Services for Economic Resilience</span></b><br />
<i>by David Hales; 27 May 2013</i><br />
<br />
<b>The current monoculture</b><br />
<br />
Financial services, particularly those provided by banks, are dominated by a small number of large players. This severely limits choice, competition and innovation. One of the most serious consequences of this, evidenced by the current crisis, is lack of resilience over the entire financial system.<br />
<br />
How can new entrants be encouraged to provide innovation, diversity and choice to promote resilience?<br />
<br />
Recently “peer-to-peer” (P2P) approaches to financial services have emerged that use innovative technology platforms and business models. Policy makers should proactively support these approaches since they potentially offer new levels of innovation and choice promoting the public good.<br />
<br />
<b>Peer-to-Peer innovation – two waves</b><br />
<br />
In recent years there has been a growth of so-called “peer-to-peer” (P2P) approaches to financial functions. For example, P2P lending and more recently P2P money.<br />
<br />
P2P lending (1) removes the mediating role of a traditional bank by allowing savers to lend directly to borrowers. This leads to better interest rate deals for both parties although the default risk is borne by the lender. There are a number of P2P lending companies offering variants on how borrowers are matched to lenders and how risk is mitigated. P2P lending services distribute the process of borrowing and lending but rely on centralised online platforms (operated by the P2P lending companies) and on money created by traditional banks and supplied by lenders. A more recent and radical P2P innovation is to provide money itself in a P2P way.<br />
<br />
A P2P monetary system called Bitcoin (2) has attracted much interest recently. Bitcoin does not rely on any centralised entity. The currency – Bitcoins – are created and tracked by each user within the system running a piece of software (called a client) on their computer. There is no organisation or company that owns or controls the system. Bitcoins can be exchanged using online exchanges or directly between users through their client software – similar to sending an e-mail. One way to think about Bitcoins is that they are like electronic cash without requiring an intermediary – such as a bank – to store or record transactions. It works by using a sophisticated computer algorithm based on cryptography and distributed computer concepts.<br />
<br />
Put crudely, Bitcoin provides a distributed and trusted ledger or database. Every client program contains an up-to-date list of all accounts and how many coins they contain. Transactions are not allowed if they violate the data in the ledger – i.e. you cannot spend your coins more than once. But why would anyone trust this algorithm? Because it is open source meaning anyone can view the code to verify that it does what it claims.<br />
<br />
Bitcoin does not depend on the whims of an owning corporation, a monetary policy committee or the political stability of a nation. It is a self-organised distributed software system. The innovations in Bitcoin could be as revolutionary as the invention of double entry bookkeeping and the joint stock company (3) – because they can be freely adapted and applied within other systems. Bitcoin could become a competitor to traditional currencies but, more importantly, it has already inspired competitors and variants (4). I do not wish to promote Bitcoin per se but rather the open and innovative P2P model that allows for rapid innovation.<br />
<br />
We might term P2P lending as a “first wave” innovation – the focus is on disruptive business models within a traditional company structure. Systems such as Bitcoin could be termed “second wave” innovations – they disrupt the very notion of a business model in the same way that open source operating systems based on Linux offer alternatives to Apple and Microsoft.<br />
<br />
In the future new second wave systems might provide other services such as store of value, credit creation or fully distributed markets.<br />
<br />
<b>Supporting second wave P2P</b><br />
<br />
First wave systems already have a UK trade body and productive interactions with regulators and the policy apparatus (5) .<br />
<br />
Second wave systems are more amorphous. Anyone can create an open source system and recruit others to participate. No formal legal entities exist that are responsible for the code. Yet this is not a bug – it’s a feature. It drives high rates of experimentation and innovation.<br />
<br />
On the other hand for new systems to gain wide use it is necessary to promote trust, interoperability and acceptance.<br />
<br />
How can this be achieved?<br />
<br />
One approach might be a voluntary certification process. Where certain desirable features are present, such as open source code transparency; transaction integrity; and support of interoperable standards; then various levels of certification could be awarded via a suitability composed organisation. Such an organisation should proactively support promising second wave projects providing the necessary expertise to examine the code and provide advice to developers if they wish to attain certain certification levels.<br />
<br />
The Bitcoin community, through the recently created Bitcoin Foundation (6) , is already pursuing these goals for Bitcoin. Policy makers should proactively engage with these kinds of initiatives in order to support the development of second wave P2P approaches.<br />
<br />
A key outcome of such a collaboration would be to provide the right regulatory environment and interoperable standards (7) to allow for productive innovation and diversity by levelling the playing field with traditional banking – which receives huge implicit public subsidies yet provides limited resilience or choice.<br />
<br />
<i>David Hales is a Senior Research Fellow at The Open University. His website can be found at: http//davidhales.com</i><br />
<br />
<b>References:</b><br />
<ol>
<li>For example see <a href="http://zopa.com/">http://zopa.com</a></li>
<li><a href="http://bitcoin.org/">http://bitcoin.org</a></li>
<li>A recent ECB report noted the potential disruptive effect of Bitcoin: <a href="http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf">http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf</a></li>
<li><a href="http://litecoin.org/">http://litecoin.org</a></li>
<li><a href="http://www.p2pfinanceassociation.org.uk/">http://www.p2pfinanceassociation.org.uk</a></li>
<li><a href="https://bitcoinfoundation.org/">https://bitcoinfoundation.org/</a></li>
<li>Andrew Haldane, from the Bank of England, noted the importance of interoperable standards for promoting competition with specific reference to P2P approaches in a recent speech: <a href="http://www.bankofengland.co.uk/publications/Documents/speeches/2012/speech552.pdf">http://www.bankofengland.co.uk/publications/Documents/speeches/2012/speech552.pdf</a></li>
</ol>
Dr Davehttp://www.blogger.com/profile/00749400499764685233noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-11829162661633441062013-06-25T16:06:00.004+02:002013-06-25T16:06:25.556+02:00Paper from Marseilles workshop participant, Guilherme da Fonseca-Statter: "The Edonomy as a Complex System"<div style="text-align: center;">
Guilherme da Fonseca-Statter<br />
<span style="font-size: x-large;">The Economy as a Complex System</span><br />
<span style="font-size: large;">Contribution for a Marxian Inspired<br />ABM or AbCE Analysis</span></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
Available at: <a href="http://cfpm.org/scive/The%20Economy%20as%20a%20Complex%20System.Draft.pdf">http://cfpm.org/scive/The Economy as a Complex System.Draft.pdf</a></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
Guilherme gave a talk to the workshop on "Re-Evaluating Value" held last week in <span id="taw" style="margin-right: 0;">Marseille<b><i>s</i></b></span>, on The Labour Theory of Value. This is the paper in which his ideas are explained in greater depth.</div>
<h3 style="text-align: left;">
Part of the Introduction:</h3>
<div style="text-align: left;">
This paper is intended to be a very short version of an eventual future «doctoral thesis» on the<br />
general theme of complexity sciences and to be dedicated to the specific theme of a certain<br />
empirical law of behaviour of the capitalist system. As a consequence of the fundamental problem<br />
indicated in the opening paragraphs no attempt has been made to actually develop or present<br />
formal modelling specifications. The idea, at this stage, is to present the overall description of a<br />
future model that should be developed within the next two years. In any case it is my firm belief<br />
that a trained programmer could build a realistic model using just the specifications that are<br />
provided here. It has been done before (with much less sophisticated tools and techniques), there<br />
is no reason why it could not be done now.</div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-44417467476255123852013-05-20T16:19:00.008+02:002013-05-20T16:19:49.519+02:00Workshop on: "Re-evaluating Value...", Marseille June 17-18th 2013<!--[if gte mso 9]><xml>
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<![endif]-->
<div class="Standard" style="text-align: center;">
<span style="font-size: small;"><span lang="EN-US">Workshop on:</span></span><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria Bold";"><span style="font-size: small;"> </span><br />
</span></b><span style="font-size: x-large;"><i><span lang="EN-US" style="font-family: "Cambria Bold";">Re-evaluating Value –
non-market value models for changing times</span></i></span><i style="mso-bidi-font-style: normal;"><span lang="EN-US" style="font-size: 14.0pt;"> </span></i><b style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-family: "Cambria Bold";"></span></b></div>
<div class="Standard" style="text-align: center;">
<span style="font-size: small;"><span lang="EN-US">Mediterranean Institute for Advanced
Research, Aix-Marseille University, <br />
Marseille, France, <a href="http://www.imera.fr/">http://www.imera.fr</a>, June 17-18th 2013</span></span></div>
</h1>
<br />
<h1>
The Topic</h1>
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Value is a major aspect of any economic theory: what it is,
how it is produced, measured, stored and transferred between agents. Indeed,
historically, these aspects characterise different schools of political
economy.<span style="mso-spacerun: yes;"> </span>Some approaches focus on an objective
basis for value such as labour or physical resources. Others place emphasis on
subjective judgments by individual agents and free exchange between them.</div>
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<br /></div>
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Recent, often ICT mediated, developments such as “commons
based peer production”, “crowd funding”, “freecycling” and new virtual currencies
do not fit easily into existing economic models of value.<span style="mso-spacerun: yes;"> </span>On the other hand “complexity science” tools
and approaches allow for a widening of traditional models of value.</div>
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<br /></div>
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Traditional models have focused on agents using either
object or subjective notions of value and equilibrium points. Agent-based modelling
allows for experimentation with new and hybrid notions of value in
non-equilibrium conditions.<span style="mso-spacerun: yes;"> </span>In these,
value might be an emergent phenomena where agents construct notions of value
through the interplay of subjective and objective factors supporting novel
forms of exchange and cooperation.</div>
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<br /></div>
<div class="MsoNormal">
In this workshop we aim to bring together researchers from
different disciplines such as economics, philosophy, anthropology, law and
computer science, who are working towards new conceptions of value, models that
embody them and real world systems that depend on them.</div>
<h1>
Day 1 - Grand Challenges</h1>
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The first day of this workshop is devoted to opening up the
key issues to do with theories and approaches to understanding value at the
present time.<span style="mso-spacerun: yes;"> </span>It is open to all who are
interested. The day will start at 9.30 and end at 4.30pm with an hour for lunch
and two 30 min coffee breaks.<span style="mso-spacerun: yes;"> </span>Talks will
be 30 mins long plus 15 mins for discussion.</div>
<h1>
Day 2 – Developing Agent-Based Models to Meet the Challenges</h1>
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The second day of the workshop is devoted to informal
discussions about developing simulation models that start to address some of
the different conceptions of value.<span style="mso-spacerun: yes;"> </span>It
is not expected that everyone will stay for day 2, or all of day 2, but is open
to all who want to seriously discuss the development of relevant simulation
models. The day will start at 10am and continue for the rest of the day, or
until everyone is tired.</div>
<h1>
Speakers and Discussants</h1>
<div class="MsoNormal">
The following people are either invited speakers or will be
leading a discussion session (in alphabetical order), followed by their talk
title if available.</div>
<ul>
<li>Bruno Vetel, “<span style="mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Who benefits from the
value? Virtual currencies design for a massively multiplayer online role
playing game.”</span></li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span>Jean Magnan de Bornier. “Value in economics:
datum, construct or instrument?”</li>
<li>Jean-Benoit Zimmerman, “<span style="mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">Jamendo: the
heartbeat of free music!”</span></li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span>Jeremy Pitt, “The Reinvention of Social Capital
for Self-Organising Electronic Institutions”</li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span>Jeff Johnson, <span style="mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">“Value from first
principles”</span></li>
<li>Bruce Edmonds, “Towards modelling mundane value”</li>
<li>Paul Omerod, TBA</li>
<li>Andrzej Nowak, TBA</li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"> </span></span></span>Juliette Rouchier, TBA</li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span>Mario Paolucci, TBA</li>
<li>Olivier Chanel, TBA</li>
<li>David Hales, TBA</li>
</ul>
<h1>
Hotels and food</h1>
<div class="MsoNormal">
Others at the workshop are staying at the hotel Lutetia (<a href="http://www.lutetia-marseille.com/">http://www.lutetia-marseille.com</a>).
You will need to book yourself into this, or at another hotel (e.g. via http://www.tripadvisor.co.uk/Hotels-g187253-Marseille_Bouches_du_Rhone_Provence-Hotels.html).
<span style="mso-spacerun: yes;"> </span>On monday night, a dinner is planned at
Les Panisses, please let Juliette (<a href="mailto:juliette.rouchier@univ-amu.fr">juliette.rouchier@univ-amu.fr</a>) know if you you
plan to join us for this before 9<sup>th</sup> June (we think we can cover this
and lunch for participants, assuming we do not get too many).</div>
<h1>
Directions</h1>
<h2>
The Hotel</h2>
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Hotel Lutetia, 38 Allée Gambetta, is easy to attain from the
train station: go down the stairs, cross the street and walk down the street
facing you (Boulevard d'Athènes). “<i style="mso-bidi-font-style: normal;">Allée
Gambetta</i>” where the hotel is, is the second or third street on the left.</div>
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<br /></div>
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<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span>To go from the airport to the train station, the
best solution is to take the shuttle from/to airport/gare Saint Charles
(cheaper and nicer than taxis who are unpleasant thieves in their majority in
Marseille) - buy a return ticket while going out of the terminal and get on the
bus – in 25 minutes you can get to the train station at any time of the day.</div>
<h2>
The Meeting Venue</h2>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l1 level1 lfo2; text-indent: -18.0pt;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span>To go from the hotel to the meeting place you
can walk (15-20 minutes) or take the tram for a part of the journey. The
address to get in is 2 place Le Verrier and maps can be found on:
<a href="http://www.imera.fr/index.php/fr/informations-pratiques/plan-dacces.html">http://www.imera.fr/index.php/fr/informations-pratiques/plan-dacces.html</a></div>
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<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo2; text-indent: -18.0pt;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Walking: Walk up the Allée Gambetta to the top,
turn left/right and carry more or less on in the same direction on Boulevard
Longchamps. Go up to the end of the boulevard and when facing the palais (huge
museum) turn left and carry on going up on a street with serious traffic,
walking on the right side. carry on until the Place Le Verrier. On your right
you will find a large black grid which will be open. Get in and find the building
of the institute.</div>
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<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l1 level1 lfo2; text-indent: -18.0pt;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span>Tram: take the tram at Canebière Garibaldi and
get down at Longchamps, then you will see the Palais Longchamps and turn around
the palais on the left, as for the walking instructions.</div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l1 level1 lfo2; text-indent: -18.0pt;">
<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span> </div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l1 level1 lfo2; text-indent: -18.0pt;">
From the station, it is also possible to take
the subway, and cross the Jardin du Palais Longchamps (a very nice park) and a
maps can be found at:
<a href="http://www.imera.fr/index.php/fr/informations-pratiques/plan-dacces.html">http://www.imera.fr/index.php/fr/informations-pratiques/plan-dacces.html</a></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l1 level1 lfo2; text-indent: -18.0pt;">
<br /></div>
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In you get lost: beware : locals do not know the place so
well – you have to refer to “<i style="mso-bidi-font-style: normal;">Maison des Astronomes</i>”,
which is its old name, but is known to something like 10% of the population.</div>
<h1>
Contact</h1>
<div class="MsoNormal">
For information about the local arrangements contact
Juliette Rouchier <<a href="mailto:juliette.rouchier@univ-amu.fr">juliette.rouchier@univ-amu.fr</a>>, for queries about the
programme Bruce Edmonds <<a href="mailto:bruce@edmonds.name">bruce@edmonds.name</a>>, and for possible connection
with/funding from NESS David Hales <<a href="mailto:dave@davidehales.com">dave@davidehales.com</a>>.</div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-13826653151462085522013-04-03T22:09:00.004+02:002013-04-04T17:19:11.837+02:00A review of David Graeber's "Towards an Anthropological Theory of Value"Graeber, D. (2001) <i>Toward An Anthropological Theory of Value: The False Coin of Our Own Dreams</i>. Palgrave Macmillan.<br />
<br />
Amazon: <a href="http://www.amazon.com/Toward-Anthropological-Theory-Value-Dreams/dp/0312240457">http://www.amazon.com/Toward-Anthropological-Theory-Value-Dreams/dp/0312240457</a><br />
<br />
This is a meandering book that covers a lot more ground than simply what value might be. Indeed, it reads more like a collection of separate essays each of which has *some* relevance to value rather than a coherent thesis. A more accurate title might have been "Mauss and an alternative to the Neoliberal view", being at heart concerned with combating the individualistic, "economically rational", market-centric, consumer focussed set of assumptions that pervades much thinking in economics. On his side is ranged anthropologists and Marx (his view of society rather than his class politics), against him economists and the anthropologists that were influenced by them. It does succeed in giving a vivid alternative view of how modern society might be, but flounders in its (pre-agent-based-simulation) formulation of a dynamic and co-emergent alternative. However, it does give many interesting insights into what different societies consider their most valuable aspects/artefacts/rituals/persona. <br />
<br />
His basic position (as far as I can disentangle it) is that:<br />
<ul>
<li>The most important 'product' of most societies are the people it produces</li>
<li>Individuals' important actions mostly aim at producing their social structures</li>
<li>It is the actions of individuals that are the key rather than any products</li>
<li>Value is a socially developed way of comparing important actions</li>
<li>Sometimes action is fetishised into objects</li>
<li>Each society achieves this in different ways which change over time</li>
</ul>
It thus implies, but does not say outright, that the 'value' given to things in a market is not truly relevant to what society is (or should be) about. Basically that modern liberal capitalist societies are an aberration - the idea is simply a mistake. Of course he has an advantage in that what he is criticising is well-worked-put and described, whilst his alternative is only implied: numinous and indistinct. He (wisely) neither criticises nor praises the other societies he examines, but merely describes and analyses.<br />
<br />
Those looking for an alternative, anthropologically-grounded, theory of value will be disappointed. Beyond what I have just sketched one gets little in the way of conclusions. What one does get is well-discussed examples of what some other societies consider of greatest value, which is interesting. However (as in his later book on debt) he passes over the trading/gifting/sharing of more mundane and useful items very quickly with little discussion, concentrating on that with crucial prestige. The problem with this is that these are most removed from the contingencies and constraints of life, they are the surplus value put into ways of gaining/adjusting reputation or power. They are the things that are the most culturally specific being constrained by nothing but what its participants accept as normal and right.<br />
<br />
Thus the view of value that this book provides ignores (or does not account for) key issues, including:<br />
<ul>
<li>The difference in value when an action does and does not succeed, since in each of these cases the value attributed is its importance and hence is the same according to Graeber's vague formulation</li>
<li>That some actions/production of artefacts act to facilitate other actions/production of artefacts (apart from that all significant actions act to produce society and hence the individuals with it - but no distinction between in terms of efficacy or importance in these are made) whilst others are an end in themselves or even are destructive of other actions and artefacts</li>
<li>How the production of individuals and society and their survival and prospering relate (and whether this has any leverage upon the meaning of value in that society)</li>
</ul>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.com0tag:blogger.com,1999:blog-2839128729096094766.post-16627932917630862572013-03-13T11:06:00.003+01:002013-03-13T11:06:30.370+01:00Early warning of upcoming workshop on "Non-market conceptions of value"17&18 June in Marseilles. More details when we have them!Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-60464576207641073172012-11-08T15:19:00.000+01:002012-11-08T15:19:36.252+01:00A paper from the European Central Bank on virtual currencies<span class="st">(pointed out by Dave).</span><br />
<br />
<span class="st">Looks at the cases of Bitcoin and the SecondLife currency the Linden in detail. Does take a slightly "we are a Central Bank and know how to do these things properly" sort of attitude but is interesting.</span><br />
<br />
<span class="st">http://www.ecb.europa.<wbr></wbr>eu/pub/pdf/other/<em>virtualcurrencyschemes201210en</em>.<em>pdf</em></span>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-29677764443870868002012-07-11T23:54:00.002+02:002012-07-11T23:54:22.639+02:00Brief Review of: Graeber, D. (2011) Debt: The First 5,000 Years<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-9m_NCp7Iiy4/T_3v5fnBWsI/AAAAAAAAAJM/fIyc2YwCNEQ/s1600/Debt_Graeber.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="http://2.bp.blogspot.com/-9m_NCp7Iiy4/T_3v5fnBWsI/AAAAAAAAAJM/fIyc2YwCNEQ/s320/Debt_Graeber.jpg" width="213" /></a></div>
Although (over) long and somewhat rambling, this is an adsorbing and interesting read. David Graeber is an anthropologist - so the book is a combination of fascinating case studies of how different civilisations and communities have thought about and managed debt, combined with a narrative that seeks to bring out some common themes. As with all the best anthropology, it calls into question many assumptions one might have about what debt is and how regulated exchange might have come about, as well as throwing our current situation with regard to debt in historical and comparative relief.<br />
<br />
It starts with an analysis of different modes of exchange, starting from the bottom up, and then briefly considers the nature of value (but this is a topic left mainly to a previous Graeber book). It then starts on its main theses, questioning some long held assumptions about exchange, notably that before monetary systems there was barter. It argues (using anthropological cases) that informal systems of mutual obligation preceded money and barter, if it occurs, does so in significant amounts, only in cases where there was a monetary system that has collapsed. Rather it contrasts these social systems, which are primarily to organise human relations (marriage, honour, reparation, status etc.), with that of accounting and debt which it sees as coming out of military power and its needs. The former case is made with much greater persuasiveness than the later contrast, which seems ideologically driven and not clearly illustrated by the examples given.<br />
<br />
Although it finally shies away from definite conclusions, it implies that formally accountable debt always ends in collapse and (effectively or actually) slavery, and hence has to be wiped clean every now and then. It is somewhat utopian in that paints the informal systems of social obligation in a rosey light and taints formal systems by association with slavery and militarism without proving a causal connection. The causation is somewhat naive, in the sense that grand macroscale narratives are drawn, and systemic advantages of accounting systems ignored. Indeed it tends to ignore the more mundane processes of the everyday market for these grander concerns, implying that insisting on debts being repaid is socially arbitrary, without the effects upon a system of exchange of this really being considered. This reveals the weakness of the purely anthropological approach, in contrast to its effective undermining of "received" assumptions of how things have to work.<br />
<br />
The books strengths are undoubtedly the fresh and different viewpoint, informed by numerous anthropological examples. However the weaknesses of the anarchist narrative that emerges are slowly revealed as the book slowly unravels as it progresses. Grand narratives of coordinated epochs across the whole world, including civilisations that barely communicated stretch credulity to the limit. However the shaking up of thought and the freeing from a tired monetary vision of exchange is very refreshing and hence welcome.<br />
<br />
A more systematic synopis of the book can be found at: <a href="http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years">http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years</a>, and his academic home page is at: <a href="http://www.gold.ac.uk/anthropology/staff/d-graeber/">http://www.gold.ac.uk/anthropology/staff/d-graeber/</a>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-15460587311072849892012-02-28T16:35:00.000+01:002012-02-28T16:35:20.645+01:00David Hales talking about P2P exchange systems on the "Keiser Report" on RT <a href="http://www.youtube.com/watch?feature=player_embedded&v=ClNCOSS4nGs">http://www.youtube.com/watch?feature=player_embedded&v=ClNCOSS4nGs</a><br />
<br />
David comes in about 15mins into the program. David starts by reviewing what Bitcoin and Ripple systems do. Then the discussion moves to the central importance on trust in markets and how an ecology of competing distributed systems like these P2P-type sytems could replace (or complement) top down Central Bank imposed financial and economic systems. The resulting ecology could be more robust than centralised entities facilitating exchange.Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-64176117447899252712012-01-19T15:04:00.002+01:002012-01-19T15:39:48.583+01:00Debt the first 5,000 years (an interview with the author David Graeber)An interesting interview (the second half of the programme) where David Graeber describes his anthropological study of 5,000
years of Debt which shows that dispensing credit precedes even the
invention of money.<br />
<br />
Hear the interview at:<br />
<a href="http://www.bbc.co.uk/programmes/b0196rp1">http://www.bbc.co.uk/programmes/b0196rp1</a><br />
<br />
See the book:<br />
<a href="http://books.google.co.uk/books?id=GYhajCQU8XIC">http://books.google.co.uk/books?id=GYhajCQU8XIC</a>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-34886359757972248592011-09-17T10:31:00.003+02:002011-09-17T10:31:44.958+02:00ICORE 2011 Accepted papers onlineThe paper to be presented at the International Conference on Reputation 2011 (co-located with ESSA 2011) are now online:<br />
<a href="http://draft.blogger.com/%20http://2011.icore.name/about/12/accepted-papers"> http://2011.icore.name/about/12/accepted-papers</a><br />
<br />
Unfortunately I can not be there :-(<br />
<br />
<br />Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-28229586402251016682011-08-10T12:38:00.004+02:002011-08-10T12:38:45.706+02:00Flattr - The Social Way to Get Paid Online<div dir="ltr" style="text-align: left;" trbidi="on">
A system of micro-payments for distributing payments for stuff we use...<br />
<br />
see <a href="http://flattr.com/">http://flattr.com/</a></div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-35448364322515792142011-07-28T13:27:00.001+02:002011-07-28T13:27:06.809+02:00World Economics Association - Progress Report<div dir="ltr" style="text-align: left;" trbidi="on">
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<u>
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">The Journals
</span>
</span>
</span>
</u>
</b>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;"> </span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span style="color: black;">Seven of the ten co-editorships of the </span>
<span style="color: black;">WEA</span>
<span style="color: black;">’s two new journals have been filled. These are as follows.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<i>
<u>
<span style="color: black;">Economic Thought</span> </u>
</i>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 75.75pt;">
<span style="font-family: Arial;">
<span lang="EN" style="color: black; font-size: 8pt;">John Latsis</span> <span lang="EN" style="color: black; font-size: 8pt;">, UK, Reading Univeristy </span> <span style="color: black;">
<span style="font-size: x-small;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 75.75pt;">
<span style="font-family: Arial;">
<span style="color: black; font-size: 8pt;">Annalisa </span>
<span style="color: black; font-size: 8pt;">Rosselli</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">Italy</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">Rome</span>
<span style="color: black; font-size: 8pt;">La Sapienza </span>
<span style="color: black;">
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 75.75pt;">
<span style="font-family: Arial;">
<span style="color: black; font-size: 8pt;">Alejandro </span>
<span style="color: black; font-size: 8pt;">Nadal</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">Mexico</span>
</span>
<span style="font-family: Arial;">
<span style="color: black; font-size: 8pt;">, El Colegio de Mexico
<br />
</span> <span style="color: black;">
<span style="font-size: x-small;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<i>
<u>
<span style="color: black;">World Economics Journal</span> </u>
</i>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 75.75pt;">
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">Zhu Andong</span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">, </span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">China</span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">, </span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">Tsinghua</span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">University</span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">, </span>
<span style="color: black; font-family: Tahoma; font-size: 8.5pt;">Beijing</span>
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 75.75pt;">
<span style="font-family: Arial;">
<span style="color: black; font-size: 8pt;">Jayati Ghosh</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">India</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">Jawaharial</span>
<span style="color: black; font-size: 8pt;">Nehru</span>
<span style="color: black; font-size: 8pt;">University</span>
<span style="color: black;">
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 75.75pt;">
<span style="font-family: Arial;">
<span style="color: black; font-size: 8pt;">Norbert </span>
<span style="color: black; font-size: 8pt;">Häring</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">Germany</span>
<span style="color: black; font-size: 8pt;">, <i>Handelsblatt</i> </span>
<span style="color: black;">
<span style="font-size: x-small;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 12pt 75.75pt;">
<span style="font-family: Arial;">
<span style="color: black; font-size: 8pt;">Michael </span>
<span style="color: black; font-size: 8pt;">Hudson</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">USA</span>
<span style="color: black; font-size: 8pt;">, </span>
<span style="color: black; font-size: 8pt;">University</span>
<span style="color: black; font-size: 8pt;">of </span>
<span style="color: black; font-size: 8pt;">Missouri</span>
<span style="color: black; font-size: 8pt;">at </span>
<span style="color: black; font-size: 8pt;">Kansas City</span>
<span style="color: black;">
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span style="color: black;">We have chosen and are in the process of purchasing an online journal software system for the </span>
<span style="color: black;">WEA</span>
<span style="color: black;">’s three journals. It should be up and running by late August. <span> </span>When it is, you will be notified so that you can submit papers. We will also at that time be looking for <b>volunteers </b>to perform various tasks involved in the production of the journals. <span> </span>Meanwhile the editors of the <i>World Economic Journal</i> have already begun work at putting together the first issue.<span> </span>My </span>
<span style="color: black;">WEA</span>
<span style="color: black;">work commitments have delayed the publication of issue no. 57 of the <i>real-world economics review</i>, but it should be out soon.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;">Editorial Boards have been formed for the three journals and are listed </span>
<a href="http://www.feedblitz.com/t2.asp?/763931/25906388/4049326/http://worldeconomicsassociation.org/Journals/WEJ/EditorialBoard.html" target="_blank">
<span style="color: purple; font-family: Arial; font-size: x-small;">here</span> </a>
<span style="font-family: Arial; font-size: x-small;">for<b> </b>the <i>WEJ</i>, </span>
<a href="http://www.feedblitz.com/t2.asp?/763931/25906388/4049326/http://worldeconomicsassociation.org/Journals/ET/EditorialBoard.html" target="_blank">
<span style="color: purple; font-family: Arial; font-size: x-small;">here</span> </a>
<span style="font-family: Arial; font-size: x-small;">for ET, and </span>
<a href="http://www.feedblitz.com/t2.asp?/763931/25906388/4049326/http://worldeconomicsassociation.org/Journals/RWER/EditorialBoard.html" target="_blank">
<span style="color: purple; font-family: Arial; font-size: x-small;">here</span> </a>
<span style="font-size: x-small;">
<span style="font-family: Arial;">for the <i>RWER</i>.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;"> </span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<b>
<u>
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">Online Conferences: Volunteers needed
</span>
</span>
</span>
</u>
</b>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;"> </span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span style="color: black;">This link to our </span>
<b>
<a href="http://www.feedblitz.com/t2.asp?/763931/25906388/4049326/http://worldeconomicsassociation.org/Conferences/Conferences/Guidelines.html" target="_blank">
<span style="color: purple;">Guidelines for Conferences</span> </a>
</b>
<span style="color: black;">explains the anticipated conference setup.<span> </span>The Guidelines are open to amendment.<span> </span>We are currently investigating online conference software.<span> </span>It is likely that we will opt for a system that is a module of our journal software.<span> </span>In any case we need:<span> </span>
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: Arial; font-size: x-small;">- 3 or 4 people <span style="color: blue;">t</span>o serve on the <i>Conference Organisation Committee</i> as described in the <b>Guidelines,</b>. </span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<i>- Conference Leaders</i> as also described in the <b>Guidelines</b>.<span> </span>This role especially concerns people who have a topic or set of topics that they would like to make the focus of a conference.</span> </span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">- one or more people with a bit of IT knowledge may also be needed. <span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span> </span>
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<b>
<u>
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">Executive Committee
</span>
</span>
</span>
</u>
</b>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span style="color: black;">Progress with establishing the World
Economics Association reached the point where it needed a top layer of
formal structure in addition to its legal status as a Community Interest
Company (CIC) under </span>
<span style="color: black;">UK</span>
<span style="color: black;">law. A formal constitution with procedures
for electing officers and Executive Committee members is being prepared,
but things are not yet far enough advanced for its adoption and
enactment. Therefore we have recruited an interim <b>Executive Committee</b>. Its members are currently as follows.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Juan Carlos Moreno Brid</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">Mexico</span>
<span style="color: black;">, </span> </span>
<span style="color: black; font-size: 8pt;">UN Economic Com. for </span>
<span style="color: black; font-size: 8pt;">Latin America</span>
<span style="color: black; font-size: 8pt;">and the </span>
<span style="color: black; font-size: 8pt;">Caribbean</span>
<span style="color: black; font-size: 8pt;"> </span>
<span style="color: black;">
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">C. P. Chandrasekhar</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">India</span>
<span style="color: black;">, </span>
<span style="color: black;">Jawaharlal</span>
<span style="color: black;">Nehru</span>
<span style="color: black;">University</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Ping Chen</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">China</span>
<span style="color: black;">, </span>
<span style="color: black;">Peking</span>
<span style="color: black;">University</span>
<span style="color: black;">and </span>
<span style="color: black;">Fudan</span>
<span style="color: black;">University</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Edward </span>
</b>
<b>
<span style="color: black;">Fullbrook</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">UK</span>
<span style="color: black;">, <i>Real-World Economics Review</i>
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">James K. Galbraith</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">USA</span>
<span style="color: black;">, </span>
<span style="color: black;">University</span>
<span style="color: black;">of </span>
<span style="color: black;">Texas</span>
<span style="color: black;">at </span>
<span style="color: black;">Austin</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Grazia Ietto-Gillies</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">Italy</span>
<span style="color: black;">/ </span>
<span style="color: black;">UK</span>
<span style="color: black;">,</span>
<span style="color: black;">London</span>
<span style="color: black;">South</span>
<span style="color: black;">Bank</span>
<span style="color: black;">University</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Steve </span>
</b>
<b>
<span style="color: black;">Keen</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">Australia</span>
<span style="color: black;">, </span>
<span style="color: black;">University</span>
<span style="color: black;">of </span>
<span style="color: black;">Western Sydney</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Tony </span>
</b>
<b>
<span style="color: black;">Lawson</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">UK</span>
<span style="color: black;">, </span>
<span style="color: black;">Cambridge</span>
<span style="color: black;">University</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Peter </span>
</b>
<b>
<span style="color: black;">Radford</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">USA</span>
<span style="color: black;">, Radford Free Press
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<b>
<span style="color: black;">Dani Rodrik</span> </b>
<span style="color: black;">, </span>
<span style="color: black;">USA</span>
<span style="color: black;">, </span>
<span style="color: black;">Harvard</span>
<span style="color: black;">University</span>
<span style="color: black;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 39.75pt;">
<span style="color: black;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;">
<span style="font-size: x-small;">
<span style="color: black;">Your ideas for the development of the </span>
<span style="color: black;">WEA</span>
<span style="color: black;">are welcome.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;"> </span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="color: black;">
<span style="font-family: Arial;">I and my co-organizers <b>Peter Radford</b>, <b>Norbert </b>
</span>
</span>
<b>
<span style="font-family: Tahoma;">Häring</span> </b>
<span style="font-family: Tahoma;">, <b>Grazia Ietto-Gillies</b>, <b>Vicki Harris</b> and <b>Valerie Radford</b>, who have worked hard for many months, </span>
<span style="color: black;">
<span style="font-family: Arial;">thank you for your support.<span> </span>We hope
that you will continue to spread the word among your colleagues and
encourage them to join the World Economics Association.<span> </span>Six thousand members is an excellent beginning.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;"> </span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-family: Arial; font-size: x-small;"> </span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="color: black;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">Edward Fullbrook</span></span></span></div>
</div>
</div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-44439287541577895792011-07-07T18:46:00.002+02:002011-07-07T18:46:34.505+02:00A post of mine on the RWER BlogOn the <a href="http://rwer.wordpress.com/">Real World Economics Review Blog</a><br />
<br />
entitled:<span style="font-size: small;"> <a href="http://rwer.wordpress.com/2011/07/07/unpicking-the-anti-neo-classical-hairball-so-that-what-we-are-for-is-not-defined-by-what-we-are-against/">Unpicking the anti-neo-classical “hairball”, so that what we are for is not defined by what we are against</a></span>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-3034478932672310762011-06-02T12:17:00.002+02:002011-06-02T12:17:25.190+02:00Real World Economics Review special issue deadline: 15th June<div dir="ltr" style="text-align: left;" trbidi="on">A reminder. For details see the post<br />
<a href="http://scive.blogspot.com/2011/01/call-for-papers-planned-special-issue.html">http://scive.blogspot.com/2011/01/call-for-papers-planned-special-issue.html</a><br />
<br />
</div>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-34495597463444532532011-05-17T15:35:00.009+02:002011-05-17T15:39:19.962+02:00Formation of the World Economics Association<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Arial; font-size: x-small;">An invitation that reached me from the </span><span style="font-family: Arial; font-size: x-small;"><em>Real-World Economics Review</em>. Founder members from the UK include:</span><br />
<ul style="text-align: left;">
<li><b>Edward Fullbrook</b>, Real-World Economics Review</li>
<li><b>Geoffrey Hodgson</b>, University of Hertfordshire</li>
<li><b>Tony Lawson</b>, Cambridge University</li>
<li><b>Paul Ormerod</b>,<span style="font-family: Arial; font-size: x-small;"> Voltara Consulting</span></li>
</ul>
<br />
<span style="font-family: Arial; font-size: x-small;">Its free to join and might be more open and inclusive than existing Economics assocations.</span><br />
<span style="font-family: Arial; font-size: x-small;"><br /></span>
<br />
<span style="font-family: Arial; font-size: x-small;">------------------------------------------------------------------------------------------------------------------------------</span>
<br />
<span style="font-family: Arial; font-size: x-small;"><br /></span>
<br />
<span style="font-family: Arial; font-size: x-small;">We, the 141 economists from the 40 countries listed below, invite you to join the <i><b>World Economics Association</b></i> which we are launching today.</span>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span>
<span style="font-size: x-small;">
<span style="font-family: Arial;">Two commitments listed in our <span style="color: blue;">
<u>
<a href="http://www.feedblitz.com/t2.asp?/332386/8343112/4018403/http://www.worldeconomicsassociation.org/WEA/Manifesto.html" target="_blank">
<span style="color: blue;">Manifesto </span>
</a>
</u>
</span>sum up the project.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">
<span>
<span style="font-size: x-small;">
<span style="font-family: Arial;">1. To <i>plurality</i>. The Association will
encourage the free exploration of economic reality from any perspective
that adds to the sum of our understanding. <span> </span>To this end, it advocates plurality of thought, method and philosophy.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt 36pt;">
<span>
<span style="font-size: x-small;">
<span style="font-family: Arial;">8. To <i>global democracy</i>.<span> </span>The Association will be democratically structured so as not to allow its domination by one country or one continent.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span>
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span> </span>
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span>The creation of the </span>
<b>
<span>WEA</span> </b>
<span>addresses an obvious gap in the international community of
economists – the absence of a truly international, pluralist
association. Today’s digital technology makes it feasible to close this
gap quickly and cheaply through a bottom-up, grass-roots approach.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<b>
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</b>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span>The </span>
<b>
<span>WEA</span> </b>
<span>has been legally constituted in the </span>
<span>United Kingdom</span>
<span>as a “Community Interest Company”, a special legal category (with
an asset lock) for non-profit organizations whose purpose is to serve
the public interest.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<b>
<span>Membership of the World Economics Association is <u>free</u>.<span> </span>To join, all that you need to do is go <span style="font-family: Arial; font-size: 12pt;"> <a href="http://www.feedblitz.com/t2.asp?/332386/8343112/4018403/http://www.worldeconomicsassociation.org/" target="_blank">
<span style="color: blue;">
<u>here</u> </span> </a> </span> <span style="font-family: Arial; font-size: 10pt;">an</span>d then enter your name, email address and country and then click. </span>
</b>
<span>
<span> </span> <span> </span>You will also be given the option of
providing us with a few professional details, but none of these are
required. You will receive an email confirming your membership of the </span>
<b>
<span>WEA</span> </b>
<span>. <span> </span>You will also be given the opportunity to make a donation to the running of the </span>
<b>
<span>WEA</span> </b>
<span>. <span> </span>We want to emphasize that the </span>
<b>
<span>WEA</span> </b>
<span>has no major donors, neither institutional nor individual, behind it.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span>The </span>
<b>
<span>WEA</span> </b>
<span>will initially publish three journals, two of them new.<span> </span>Online access will be free to members, with print copies available to libraries and individuals for a fee. <span> </span>The </span>
<b>
<span>WEA</span> </b>
<span>’s very large membership from which to draw papers will ensure a
high standard of scholarship. The general-purpose flagship journal will
be the <i>World Economics Journal</i>. The other new journal, <i>Economic Thought</i> <span>,</span> will focus on the history, methodology and philosophy of economics. <span> </span>The <i>Real-World Economics Review </i>
<span>will henceforth be published under</span> the umbrella of the </span>
<b>
<span>WEA</span> </b>
<span>. <span> </span>If you wish, you may read a <span style="font-family: Arial; font-size: 10pt;"> <a href="http://www.feedblitz.com/t2.asp?/332386/8343112/4018403/http://www.worldeconomicsassociation.org/Journals/index.html" target="_blank">
<span style="color: blue;">
<u>document </u> </span>
</a>
</span>detailing the structures and procedures, which include an open review process, for the journals.<span> </span>
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;">
<span style="font-family: Arial;">
<span>From its website, the </span>
<b>
<span>WEA</span> </b>
<span>will also run online conferences.
</span>
</span>
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: 'Times New Roman'; font-size: 12pt;">
</span>
</div>
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<b>
<span style="font-size: x-small;">
<span style="font-family: Arial;">Help economics and yourself.<span> <span style="font-family: Arial; font-size: 10pt;"> <a href="http://www.feedblitz.com/t2.asp?/332386/8343112/4018403/http://www.worldeconomicsassociation.org/" target="_blank">
<span style="color: blue;">
<u>Become a WEA member now </u>
</span>
</a>
</span>
</span>. <span> </span>
</span>
</span>
</b>
</div>
</div>
Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-54998693741504745762011-04-11T10:43:00.000+02:002011-04-11T10:43:34.718+02:00A special session on SCIVE at ECCS 2011, Sept 2011, Montpellier, France<div dir="ltr" style="text-align: left;" trbidi="on">There will be a special session on the Social Complexity of Informal Value Exchange at the 7th European Social Simulation Association Conference, September 19-23, 2011, Montpellier - France. <br />
<br />
This is (in my opinion) the best social simulation conference in the world. For more details see:<br />
<a href="http://www.essa2011.org/specific_sessions">http://www.essa2011.org/specific_sessions</a><br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://www.essa2011.org/specific_sessions" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="145" src="http://4.bp.blogspot.com/-fc_QatH67Vc/TaK-6gcEoII/AAAAAAAAAEo/OmO6ETFxKB8/s640/ESSA2011+header.jpg" width="640" /></a></div><br />
</div>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-56881335154358197392011-02-03T19:22:00.000+01:002011-02-03T19:22:31.184+01:00CfP: 2nd International Conference on Reputation (ICORE 2011)<div dir="ltr" style="text-align: left;" trbidi="on"> 2nd International Conference on<br />
Reputation<br />
(ICORE 2011)<br />
Montpellier, France, September 19th, 2011<br />
<br />
<a href="http://2011.icore.name/" target="_blank">http://2011.icore.name</a><br />
<br />
co-located with<br />
ESSA 2011<br />
<br />
IMPORTANT DATES<br />
<br />
<br />
** Abstract submission: June, 1st, 2011 **<br />
Full papers required on June, 15th.<br />
Notification of acceptance: July, 10th.<br />
The conference will take place on September, 19th.<br />
<br />
------------<br />
<br />
The second International Conference on *Reputation*: 'Society, Economy, Trust' takes over the success of the Gargonza's first edition (<a href="http://2009.icore.name/" target="_blank">http://2009.icore.name</a>) as a point of convergence in the interdisciplinary study of reputation.<br />
<br />
The study of reputation and gossip is paramount in many fields of the social sciences, for example organization science, policy-making, (e-)governance, cultural evolution, social dilemmas, socio-dynamics, and sociobiology. Interest in reputation is increasing in philosophy, psychology, social psychology, sociology, and cognitive science; formal models appear in game theoretical, mathematical, and physics journals; computational reputation systems are among the most studied subjects in multi-agent technology and social simulations.<br />
<br />
Our objective is that of providing a common ground for all the interested disciplines to share techniques and ideas on a stage where the selection process approach is founded not on one specific method, and even less on established practices and rituals, but rather on an open-minded scientific approach to the the object of study.<br />
<br />
This year, the conference focuses on the foremost of Reputation relatives, trust, and their effects together on the economy, and on the society as a whole. What is the link between reputation and trust on one side, and social well-being, equality and happiness on the other? We invite contributions on reputation and trust, and how these come to effect the society of agents that use them, ranging from web reputation platforms to informal models of gossip. Trust and reputation as means to build social capital and to overcome inequality and misunderstandings are deeply needed from society just now.<br />
<br />
<br />
TOPICS<br />
<br />
We invite papers from all scientific communities working on reputation.<br />
<br />
Topics for ICORE 2011 include but are not limited to:<br />
<br />
* Theory of reputation<br />
* Simulation of reputation<br />
* Computational models of reputation<br />
* Agent reputation models<br />
* Ontologies of reputation<br />
* Logical formalization of reputation<br />
* Experimental evidence of reputation diffusion<br />
* Reputation-based e-government, e-learning, e-business<br />
* Reputation in p2p systems<br />
* Reputation in grid environments<br />
* Reputation for partner selection<br />
* Incentives in reputation mechanisms<br />
* Image and reputation<br />
* Reputation management and optimisation<br />
* Reputation and social networks<br />
* Reputation and norms<br />
* Reputation and altruism, reciprocity, and cooperation<br />
* Reputation and trust<br />
* Reputation for sabotage tolerance in large-scale applications<br />
* Reputation and exchange<br />
* Reputation and institutions<br />
* Reputation and social capital<br />
* Corporate and firm reputation<br />
* Reputation and peer review<br />
* Reputation, trust, and societal cohesion<br />
* Reputation, trust and equality<br />
<br />
<br />
SUBMISSIONS INSTRUCTIONS<br />
<br />
Please check the conference website (<a href="http://2011.icore.name/" target="_blank">http://2011.icore.name</a>) where detailed information on how to submit papers will appear.<br />
<br />
Submission is in two steps: extended abstract first, followed by an open discussion phase, then full paper. See important dates above.<br />
<br />
REVIEW CRITERIA<br />
<br />
Papers should present novel ideas related to reputation, clearly motivated by problems from current practice or applied research.<br />
<br />
We expect claims to be substantiated by theoretical or formal analysis, experimental evaluations, comparative studies, and so on. Authors are also encouraged to submit application papers. Application papers are expected to address an indication of the real world relevance of the problem that is solved, including a description of the deployment domain, and some form of evaluation of performance, usability, or superiority to alternative approaches.</div>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-77395479816024169552011-01-24T10:41:00.000+01:002011-01-24T10:41:51.916+01:00Call for Papers: a planned special issue of "Real World Economics Revue"<div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-size: large;">Call for contributions on the Social Complexity of Informal Value Exchange: A special issue/section of "<a href="http://www.paecon.net/PAEReview"><i><b>Real World Economics Review</b></i></a>"</span><br />
<br />
Whilst traditionally Economics focuses on markets where the mechanisms of price and economic rationality might dominate, we call for contributions that consider a wider class of social phenomena.<br />
<br />
That is target systems which: <br />
<ul style="text-align: left;"><li>involve the passing of value in a more general sense, such as traditional value-transmission systems, informal sharing between friends, alternative currencies, general sytems to regulate and support cooperation, as well as more traditional markets</li>
<li>might crucially involve other social mechanisms such as social networks, group membership, social norms, reputation, friendship, altruism, kinship, semantically rich communication etc. as well as those of price</li>
<li>require research approaches that differ from those traditionally used in economics including agent-based simulation, qualitative approaches, ethnography, virtual worlds etc.. as well as those of analytic mathematics</li>
</ul>These contributions are intended to form a special issue of the "Real-World Economics Review". This means that submissions must be:<br />
<ol style="text-align: left;"><li>Of interest to the wide audience that reads <a href="http://www.paecon.net/PAEReview">RWER</a></li>
<li>To be of a non-technical nature, accessible to an informed and enquiring member of the public</li>
<li>To illustrate any abstract points with worked examples </li>
<li>To be in pure text (txt), PDF, or Word 2003/7 (.doc) format</li>
<li>To be emailed to me, Bruce Edmonds (bruce.edmonds@gmail.com) by June 15th 2011.</li>
</ol><div style="text-align: left;">Contributions will be initially reviewed by a small program comittee selecting for:</div><ul style="text-align: left;"><li>Importance in terms of the novelty and significance of their insight and ideas</li>
<li>We are looking for carefully considered pieces, while unconventional views are actively sought, we are not interested to polemic per se</li>
<li>Interest to and accessibility for a fairly general audience</li>
<li>Relevance to the call in the sense that it goes beyond traditional economics in some of the widenings (a), (b) and (c) listed above (not necessarily all of them).</li>
</ul><div style="text-align: left;">Final editorial control remains in the hands of the general <a href="http://www.paecon.net/PAEReview">RWER</a> editor, Edward Fullbrook.<br />
<br />
The <a href="http://www.paecon.net/PAEReview">RWER</a> has a very large readership, so such a special issue could be influential beyond the normal confines of academia.<br />
<br />
We are looking forward to your contributions.<br />
<br />
Bruce Edmonds, David Hales, Mario Paolucci and Juliette Rouchier</div></div>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-4842945525352289322010-09-21T15:57:00.003+02:002010-09-24T12:17:01.855+02:00The Slides from SCIVE 2010Are now online at:<br />
<blockquote><a href="http://cfpm.org/scive/#slides"> http://cfpm.org/scive/#Slides</a></blockquote>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-4179192645024012962010-09-10T15:34:00.000+02:002010-09-10T15:34:51.951+02:00Roger Ballard's Final Title: The Operation of Transjurisdictional Value Transfer Systems in the Contemporary Global Order: a comparative perspectiveI have seen the slides and it looks good to me.<br />
<br />
BruceBruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.comtag:blogger.com,1999:blog-2839128729096094766.post-36535005074558019122010-08-10T13:26:00.000+02:002010-08-10T13:26:45.484+02:00Comment on RWER blog: 5 suggested common themes for an Economics that takes its subject matter seriouslyThis somewhat connects with the subject matter of SCIVE, in particular setting the context for a wider and better economics. <br />
<br />
Read it at: <a href="http://wp.me/pGd5z-ti">http://wp.me/pGd5z-ti</a>Bruce Edmondshttp://www.blogger.com/profile/02527239324614461479noreply@blogger.com