lessons from the largest classes ever held

[chris macrae]

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OUR COLLABORATION SURVEY WITH FELLOW ONLINE ALUMN conducted with Skype or other open communications tools eg google doc

chrismacraedc: questions-

1.  are you taking any other coursera/khanacademy etc that is potentially as world changing as this course ?
2.  before the end of this course can we agree a story on what was its biggest lesson?
3. what would you have never known if you hadnt been one of this course's 30000 participants?

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class 30000 : part  in inet series rethink economics from ground up - main sponsor George Soros - how wall street destroyed goodwill of currency, credit, and deposit markets - and what on earth do we the people do to stop it happening again -a soros co-sponsored event with university of columbia and coursera https://class.coursera.org/money-001/class/index

Skype alumn group https://docs.google.com/document/d/1GwWbaPuOhdxY3NBadsDwgsLB_ac8FHt...

[chris macrae]

University of Virginia

New Models of Business in Society https://www.coursera.org/course/bizsociety

R. Edward Freeman

Examine the critical role that business plays in society, and learn about the exciting new models of business that are changing the way that companies create value.

Workload: 2-3 hours/week

Taught In: English

Subtitles Available In: English

 

typical syllabus of weeks 2 to 4

Week Two:  Corporate Responsibility, Philanthropy and Shared Value: The Role of Capitalism in Society

2.1 Corporate Philanthropy History
2.2 Corporate Philanthropy Current Issues
2.3 Corporate Social Responsibility
2.4 Corporate Philanthropy and Corporate Social Responsibility

Week Two Quiz

Week Three:  Building Sustainable Value

3.1 Economy, Society and Environment
3.2 The Rise of Public Opinion
3.3 The Environmental Crisis Argument
3.4 The Shades of Green Argument
3.5 The Challenges of Environmentalism

Week Three Quiz

Week Four:  Creating Value for Stakeholders

4.1 The Emergence of a Stakeholder Approach to Business
4.2 It's Purpose, Not Profits
4.3 The Interconnection and No Trade-off Principles
4.4 The Friction Principle
4.5 Conscious Capitalism
4.6 Employee Engagement
4.7 Examples of Creating Value for Stakeholders

[chris macrae]

Back in 1989, I'd spent 10 years working with market modeling database software originated at MIT- we had evaluated several thousand of the world's biggest companies new products, their brands and what societies actually wanted most

What stood out was how many companies had far too many local one product brands, and not enough identified at a world class (purpose) level. So it seemed obvious as globalisarion of markets accelerated that there would need to be massive partnering of brands both within organisations and across them -something we called brand architecture inspired by the term strategic architecture that Hamel and Prahalad had just popularised

And this is when (circa 1993) corporate social responsibility suddenly jumped as a budgeting process. Now the problem was: which corporates made partnerships with charitable brands to greenwash their good images.

What's interesting is that the most transparent way I know of in assessing which CSR projects are more than image-making is to ask well did this CSR partnership change your whole business model. Unless managers can map that, I wouldn't myself be dazzled by big brands CSR initiatives

And what of the impact on charities/NGOs? . You can tell how top-down a charity is by how many brand sponsors it goes to bed with. And there few top-down ngos whose models convince me -this being an area since 9/11 that I have put a lot of time into. https://class.coursera.org/911aftermath-001/

[chris macrae]

wiki of money curriculum as at mid sept 2013 https://class.coursera.org/money-001/class

 

Money:Main

From Coursera

Jump to: navigation, search

.some student questioning aloud week 2 -if you have an answer please add at bottom of wiki BANKING CREDITS: Q3.1 Can you see when elasticity is desirable and when control (discipline) is? Emerging A: elasticity is needed for trade, control/discipline to control inflation? not permitting unlimited issuing of notes (a process that devalues and do destroys peoples savings) ? Q3.2 How do federal reserve help introduce elasticity into the system? Emerging A: by using 12 central banks that depend of a Federal Reserve Board. The centralized responsibility makes certain that in normal times a credit elasticity situation. A tax is imposed upon the amount of deficiency to insure reserves will be restored asap 4.DEAR & CHEAP MONEY: Q4.1 What price of money is the policy instrument? A) Cheap money is when interest rate is low, dear when it is high. The price of money means the rate of interest asked for the loan of it.Q4.2 What is the objective? A: Protect gold reserves from depletion. and what?

Here are some possibly related bookclubs : The Soros Lectures Curriculum is first to be hosted by alumni of Soros http://www.ineteconomics.org - promises to fit with total rethink of economics from ground-up. Specific announcement http://ineteconomics.org/blog/institute/free-course-economics-money... Host of this curriculum Perry Mehrling is author of The New Lombard Street - a title that refers to Lombard Street by Walter Bagehot - in many insiders view the greatest economist ever to edit The Economist. Of course, greatest is a system value design judgement. Back In 1843 the purpose and values of The Economist were defined as mediating leading decision-makers of The Industrial revolution with the goals of ending hunger and ending capital abuse of youth. Pro=youth economics curriculum linked to 170 years of knowledge sharing at The Economist are at http://normanmacrae.ning.com/forum/topics/can-you-help-with-the-boo... revolution Start of Mehrling speech at George Soros hosted event on the crisis There is a widespread sense that the crisis of the last 2 years marks the end of one era and the beginning of another even though there remains debate about what exactly has ended and even more about what will replace it.

George Soros with his super bubble hypopthesis has perhaps the most expansive sense of what has ended but his analysis is of but a piece

As a historian of monetary and financial economics, I recognise this entire line of commentary as continuous with the great tradition of British central banking thought going back at least to Watler Bagehot's Lombard Street. In this regard, I would note Ralph Hawtry's emphasis on the inherent instability of credit - a phrase he used to emphasise the weakness of self-regulatory forces in the money market and the consequent need for active central bank management . Today's new twist is the suggestion that central banks have become part fo the problem by helping inflate bubbles: by keeping interest rates too low and then by preventing the subsequent collapse from claaring out the bad credit so that each subsequent bubble gets built on shakier financial foundations than the previous one. In this talk I would like to observe mistaken monetary theory- the problem I suggest is that central bankers have been listening too much to academics rather than their own rather different intellectual tradition.. I will refer to this indigenous practitioners intellectual tradition as The Money View to distinguish it for the academic economics view and the academic finance view both of which determinedly abstract from the monetary plumbing behind the wall in order to focus on other matters ,,, more at http://www.youtube.com/watch?v=kYkGUBgxDOM

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Space for longer replies to questions 3.1,3.2, 4.1, 4.2

So far Mehrling has described system as is. One of the greatest crises among expert economists is in a borderless world, is government monopoly of issuing currency sustainable. This is a question that eg American Democracy has no way for citizens and communities to engage in . In spite of this comment by The Economist in 1980s on reviewing first 100 papers in The Hobart Series:

[chris macrae]

help edit the university that youth value most

https://docs.google.com/document/d/1cDCeMleMkz4xBTtdyBFiqy3q3DDbjgm...

 the worldwide league table of universities that most value youth - ...

 

[chris macrae]

if we share our collaboration maps, something wonderful may be stirrable out of the start of UN year 2013-2014

 

92y hosted a social good summit that the president of wesleyian university has committed to turn into a change world mooc by January 2014

 

so what content connectors at the summit are keys to the door of youth's most active collaboration networks

 

for example the debate between Team Ocean and Team space interests us because:
Ocean networkers connect to the proposal that Water Angels Networks need to be the most collaborative worldwide youth compass of our era
Yunus friend and astronaut Ron Garan is spending his time and influence on understanding how difficult it is to sustain massive collaboration networks

related inbox : "Dear Ron - do you know Michael S Roth ?" He is turning the 92y social good summit you and NASA were at during UN week on New York into a change world mooc that starts on jan 2014

It would be useful to maximise your (and team space/ocean) collaboration challenges as part of his content

Also I believe Branson attended - during same week branson signed a social forrestry funding partnership with yunus for haiti- good if that could get your youth training/inspiration content included-

also my friend taddy blecher of south africa's free university partners branson in replicating his entrepreneur curricula - would you like me to introduce you to taddy

can I check that you know that the bhuiyans with ted turner and yunus and nobel laureates are linking in the biggest youth collaboration entrepreneur competition with 25000 youth live in atlanta 2015 - above flows need to map back from that in my opinion -if we can collaborative scale goal-summits, moocs , and stduent entrepreneur competitions in a 3-in-one process we can help accelerate yunus's race back to youth sustainability and end poverty

Also the student community winner of last week's yunus new hamsphire sb competition was the most exciting water project I have ever seen a student pitch -its agua (video here) or our NH host Fiona Wilson can tell you more - her competition featured a glittering array of green and food security projects and included judges such as the CEO of Stonyfarm yogurt

best chris macrae