NormanMacrae.net -Economist pro-youth economist -bravo sir fazle abed & jack ma
Back in 1972 Gross World Product of 3.5 billion people was approximately 3.5 trillion dollars (average of $1000 was very unevenly distributed; around 2013 Gross World Product of 7 billion people was approximately 70 trillion dollars ( average of $10000 ) - note figures per working person rise once you adjust for children and those too old to work BUT ASK WHAT MONEY COUNTERS DONT SEE- WHEN FAMILIES LOVE EACH OTHER, LOOK AFTER EACH OTHERS HEALTH, SAFETY, CHILDRENS DEVELOPMEMT LET ALONE VALUE REPLENISHING NATURE - also if engines and media's first 2 industrial revolutions sold zero-sum consumption of things, UNITING NATIONS"big opportunity since world war 2 was mapping way above zero-sum trade: knowhow with tech/apps that multiplied v... reached every community starting with those that had been left out of electricity grids and running water. two thirds of people are asian, and as we entered 1976 a nation like bangladesh 8th largest in population had 90% of peoples without electricity- the story of how 1billionasian women ended poverty over next 50 years is the most important news story to anyone valuing sustainability -the one the economist's 1843 founder james wilson and queen victoria valued as the purpose of Economics
Norman Macrae surveys:
invited leaders from every hemisphere to value youth -co-creating net generation curriculum of Entrepreurial Revolution- celebrated Keynesian duty of economists = ending poverty sustaining livelihood opportunities of all peoples- from Norman's Q4 20th C view the East and wordwide youth collaborations offered huge opportunities to advance the human lot; searched market systems designING purposeful human livelihoods
Over the 24 months of 2014-2015 we will be reporting connections between youth summits wherever we can linkin and assemble micro-wikis around the above issues - you can help us here: Googledoc the most collaborative 24 month race youth have played
1 PEACE CURRICULUM Q&APC1 Was it a mistake for a book, whose main economic recommendation was that open education would be the net generation's greatest ever entrepreneurial freedom to start with valuing how to network peace?APC1.1 Timing is everything in mediating transformation in worldwide system futures. Norman argued that 1984 was the greatest opportunity since world war 2 for citizens to vote against governments spending (through tax) a fifth of all their lives on arms. How to linkin 2014-2015 as the other greatest youth opportunity to bid for worldwide peace can be informed by reading Norman's last updates published here with Muhammad Yunus in 2008 APC1.2 None of Norman Macrae's obituary writers at The Economist or elsewhere understood Norman's timeline: spending his youth in parts of Europe ruled over by stalin or hitler, spending his last days as a teenager navigating raf planes over modern day Bangladesh and Myanmar, going up to Cambridge to be mentored by keynes that the number 1 system design job of economist is to end hunger and that youth should never let those in power divorce the future compounding disciplines of economics and peace APC1.3 Ironically all those readers and investors in the entrepreneurail revolution curriclum which Noramn spent 40 yeras editing The Economist from number 3 weekly uk journal to one of a kind global viewspaper understood how the search for peace was embedded in all his major surveys: as the only journalist to be at the founding of the EU, as the journalist who believed the deviation of the BBC fgrom world service was the greatest missed opportunity in mass media, as the journmalist who cheered on Japan as the most value multiplying nation of 1962 and asia pacific worldwide yoyth region liberating china as the turn of the millenniums greatest opportunity for youth to design colaborative millennium goals and action networks around APC1.4 Dismally few of the 21st C most famous economist undersrand the curiculum of economics that Keynes mentored his alumni including Norman on:1 the core job of the economists is to back whatever system designs she or he believes will help the human race unite to end poverty ( see the last Keynes last essay on persuasion); see also last 3 pages of Keynes general throory on why yoth's grearest enemy is a particular type of elderly academic economist who is most prone to pad his pension with funding from big governments on indsutry sectors that have lost that purspoe which has most relevance to producing future livelihoods.
Macroeconomics has no mathematical providence. It may well be the most future destructive theory man has ever concocted- searches of The Economist show how it entered into top-down mindsets in the early 1950s
|....Paul Krugman (2009) quoted in J Monfort's Plan for New Architecture of capitalism (2010)....Most work in macroeconomics in the last 30 years has been useless at best and harmful at worst|