Glossary of do You Love Economics

[chris macrae]

GLOSSARY Up until the end of the 20th century , village in the developing world is a synonym for having no infrastucture- no on-grid electricity, no running water or sewerage systems, no roads, no phones nor telecommunications- seemingly none of the assets on which joy of educating children depends Why Keynes would award Bangladesh from 1972 status of greatest economic miracle maker   queries welcomed [e-mail]

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Global Village Future History -designing the race to 7 billion beings sustainability of century 21

Bangladesh's economic miracle 2.1 started in 1996 and was culturally transferred to eg Kenya as early as 1999: mobile telecoms became first opportunity for village economies to leapfrog city infrastructure (of wired phones and Information technology). The greatest end poverty races ever linkin to this. . Infrastructure leapfrogs of unprecedented job empowering joy and value multiplication become possible to innovate

 

For example community banking can be designed to be cashless except for the last mile of transactions. This brings down the record-keeping cost so that billions of previously unbanked can now be affordably served.  Furthermore sustainability is returned to local markets as job of cash distribution is returned to  hi-trust local merchants instead of automated teller machines

 

The most loving and courageous communal investment our species makes - that of growing up our children - can now be returned to parents who unite in demanding learning curricula to be beamed in by satellite and celebrate liberation by tele-professions starting with celebrating what tele-medical apps,. 3-d printing promises local micro manufacturing possibilities. In parallel, it is already clear that most off grid villages will find leapfrogging to solar energy triply economical- transformation of access to energy,  cheaper and more locally secure than connecting a village to national grid, none of the costs of carbon footprints that elders will otherwise drown our next generations in

 

Pro-Youth and Optimistic Ratiopnal Economics mediated at The Economist

From 1843-1970 the precepts were:

Peoples cant grow without affoardable access to energy and clean water

The most important positive explianer of inter-gererational growth is quality of job creating education

The most sustainable way to have society's investments governed is mediated by female young professionals-typically in years 4 to 10 of graduating. They are in the best position to value their generation's collaboration goals and to serve  transparent navigation of key changes Two key references: Last Chapter of Keynes General Theory; The 1943 centenary autobiography of The Economist. The latter source describes the responsibility of celebrating media in the search of severely testing ahead of time biggest decision-makers of the industrial revolution.   In 1970 father added a new media and open systems precept aimed to help 7 billion beings mediate post-industrial futures of service and knowhow networking economies in every way that these require different goodwill audits than counting up ownership of lifeless things.  This he branded as dialogues in curriculum of Entrepreneurial Revolution. Death of Distance Precept: Satellites and mobile connectivity will bring down the cost of distance  in communicating and sharing programmed apps. The borderless dynamic of first net generations connectivity would end independent growth of nation as a worthwhile economic assumption- ultimately peoples livelihoods all over the world would either be sustainable or collapse due to systems that are too big to command and control because that is not how nature integrates diversity nor how Einstein go micro style rule for scientific exploration works. Thence Keynes number 1 job of the economist to end poverty out of every global village became renewed as an open analytic and valuation mapping priority. Parents and educators should never forget that the human race's main evolutionary testimony:  healthy societies and peace-loving family cultures exponentially sustain economic growth not vice versa   The MIcrofranchise

[chris macrae]