microeducate and microfranchise 3 billion jobs

Norman Macrae -The Economist pro-youth economist -bravo sir fazle abed & jack ma

long videos on mobile entrepreneurial, pro-youth economics or open education revolutions

tom standage The Economist mobile development 1 hour lecture

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Craig R. Barrett, Former CEO and President of Intel, Discusses the Future Of Nanotechnology

Hello, Mr. Chips from Sustainability @ ASU on Vimeo.





go to minute 6.30 to impact of doubling every 18 months

8.25 history how morse code started binary telegraphing

23.15 intel strategy and culture - don't let moores law end on your watch

Dr Craig Barrett Education Panel Intro Address - YouTube

Jan 29, 2013 - ITLG Global Technology Leaders Summit Education Panel Intro Address by Dr Craig Barrett - 22 January at Cork City Hall - Part of The ...
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When Michael M. Crow, the president of Arizona State University, introduced Craig R. Barrett, the former CEO and president of Intel, he called Barrett “a singularly important actor in one of the most profound technologies in human history.” But when Barrett entered Stanford University in 1957 as a student of metallurgical engineering (not even knowing how to spell the word “metallurgical”), the changes of the next half-century with which he would be intimately involved were impossible to imagine. The world was only on the cusp of technologies like the modern transistor and integrated circuits that made our current digital age possible; advanced computing hadn’t yet been realized. In a wide-ranging conversation with Crow, in front of a full house—with additional audience members watching in a nearby overflow room—at the Phoenix Art Museum, Barrett discussed the past 50 years of technological change and offered some broad thoughts on his hopes for the future.

note - need to do a map on whether laureate  (and its claim to be largest business educator) is a win-win for youth - seems to be talking abut increasing the monopolies of accreditation

data includes- intimate relationships with courser and ifc


edx  (Robert Lue harvard) claims mooc is just the beginning -see video below minute 6 to 54.45

see minute 14.00 of this video -eg it doesn't have to be massive but might link in various opposing segments in advancing a converging field; open can be one segment of experience but course might be privately adapted for specific segments; doesnt not have to be a course (historically predicated structures based on how many bodies can you fit in a room for how long)


16.56 edx sees OLA as the core module -Online Learning Activities - courses become sequences of OLAs - many faculty members are not doing whole courses but small sequence of OLA- what we are trying to od is modularity can you design an Ola with a front end and an back end that enables it to thread very effectively


29.54 -a revolution in collaboration - with colleges at all stages of education, with publishers , with cities eg Bostonx  Harvard & MIT Partner with the City of Boston to Offer Online Courses & Job Training to All Residents , with media ,,, search bostonX

are we teaching future literacy?

Don't look at this video unless you have an hour to take notes- its live from moodelmoot - an annual onlone conference of educators- if you'd been online live you would also have gots dozens of bookmarks instant messenger to you - in this presentation you will have to stop the video and write those you need down


so why I have included a video that's not designed for efficient replay- it seems to offer a benchmark on how ipads could be used in primary and secondary education as at aug 2013 - overwhelmingly all sorts of features and apps are ready for trial but not in massive use yet- which will ever be : ipads seem expensive to equip a class with - yet at the same time you get glimpses from this presentation on the unstoppable joys that online education will bring - and how perhaps teachers networks will have to use this technology if the us common core movement is to accelerate. I also admire the share gusto of the student researcher!



I should also say that Nellie Deutsch's you tube space seems to be an extraordinary personal explanation of online in schools. I need to go back to it and pick a video


This video from the Soros linkedin network of economists rethinking economics from the ground up summarises the mess that big banking compounded during the 2000s and still traps peoples and communities in


Transcript of this video is here


Co-edit questions on his transcript at this micro-wiki


Relevant articles on banking meltdown from Norman Macrae archives:

Norman's last article in 2008

Norman's 1972 survey in The Economist on what needed to be changed if global...not to meltdown in 2010s


Norman's survey on first 100 Hobarts concludes economists believe biggest mess of al is monopoly of government run currencies


Martin Wolf Testimony to Washington DC Press Club 2009 on diabolical sector that keeps collapsing and ruining generations' futures

Transcript of Video on Whither Banking Systems
Marshall Auerback interview Simon Johnson (Professor of Entrepreneurship at MIT)

on behalf of


MA In mid 1990s I was working for the IFC and when things got really bombed out I suggested they set up a Vc fund to try and capture some of the tremendous values that were left in Asian after the wreckage in 1998. The general response was" we don't want to go near the place as its rife with crony capitalism, and I couldnt help but think about that in the light of what has happened recently in the US- and you being formerly with the IMF must have a similar sense of deja vu with this problem

SJ Yes absolutely -that's a good comparison - many of the problems that because manifest in Asia in 1997/98 are actually the same problems we have today in US - a relatively small elite has become too powerful and powerful in ways that distort the financial sector and cause a great deal of risk and damage to the rest of the economy

MA Its interesting to compare the 1920s situation. -I think profits of finance, insurance and property accounted for about 40% of total profits in 2006- we had same thing in 1920s. The difference being that at the great depression we had a robust regulatory response- i think you have pointed out that it has been lacking this time

SJ That's right. The response has been nothing like what happened in 1930s.. The financial sector was a big driver of what happened in 1920s - it was still much smaller part of GDP back then about 2% which reached close to 8% - so we now have a sector whose size can do even more damage going forward than in the 1930s

MA There seems to be a real problem of political capture this time around. We have let a good crisis go to waste

SJ Well I think the crisis wasnt wasted from the point of view of the bankers -they did very well out of a nicely run scam or scheme on their behalf. It was wasted by the rest of us - its true we have not reined in their powe

MA And do you get a sense now that 5 years on public repulsion hasnt abated - do you get a sense that political and economic climate is changing and more favorable to the kinds of things you advocate in your book

SJ Yes the climate is changing in large part because the banks have been proven repeatedly to be incompetent or unwilling to manage their risks appropriately. Its not just JP Morgan Chase and so-called London Whale, its also HSBC and standard chartered with the money laundering, its repeated problems around citigroup, its many of the things we learn happened around Bank of America and Countrywide which they bought ,,,, and every time that there are revelations , people begin to understand more clearly how the financial sector has really come to operate

MA Unfortunately it still seems to be the case of too big to fail is too big to jail

SJ The attorney general of the US said in recent testimony at congress that his department of justice cannot bring criminal charges against the largest financial institutions in the country - so equality before the ;law is no longer with us

MA Who do you think was driving that? - was that a decision of the Geihtner Treasury or a decision taken at the OJ

SJ Well that's a fascinating question- both sides are pointing at each other. I think that Lannie Brewer who is head of the criminal division working with Eric Halder the Attorney General largely decided for themselves The interesting question there is on what basis did they decide, with whom did they consult, what are the metrics they used, are the rules written down, is this something they make up in the shower every morning

MA Do you gave any personal thoughts on that

SJ I think they are making up the whole thing on the fly.. How they decide these people are too big to jail and these people we can go after seems to be a bit capricious., and not subject to the accountability that you hope for with the US justice system. The Treasury Department under Geithner was without question sympathetic to view that you should leave the big banks alone. We will see how the Treasury Department is after Mr Geithner

MA Let;s shift the focus to Europe - its not 13 bankers there , in many ways its 13 Finance ministers.! We do seem to have the same problem. In many ways Cyprus highlighted the dangers you pointed out because we had uninsured depositors taking haircuts. For me what's been interest is that the political response has been : isnt it terrible that some depositors have had to take haircuts?. There has been less focus on activities that led to this problem that put the deposits at risk - we find out now that deposits are not a risk free asset you ;put at your local bank but have become a branch on the creditors tree. So I think the question : are the range of activities that are being allowed by bankers consistent with the mandate to safeguard deposits

SJ Thats a good question. I would expand t and ask - whether we have enough equity capital in any of our banking system. The Cypriot banks if you look at the liability side they had mostly deposits. They had very little equity, subordinated debt or other kinds of bond issues. It was all deposits. Now they made investments they claimed werent too risky - but buying Greek government debt turns out to be very risky. And when they have those losses that are big relative to the GDP because the banks are big relative to the economy. How are you going to absorb the losses - who's going to pay - taxpayer? pensioners. depositors- there are no good choices in that moment. And that's why I think bank regulation - thinking about bank size, banks size relative to the economy becomes increasingly a relevant question

MA And that's why I think Cyprus is an interesting situation. While a lot of people say its an outlier with banking assets 800% of GDP but if you look at EU as a whole its banking sector relative to its GDP is still multiples of the US , if we've got too big banks to fail they have absolutely gargantuan banks -even in Germany I understand the ratio is about 400% of banking assets to GDP

SJ Well you are right that Europeans have a more banking dominated finance model than the US their largest banks are relative to their individual economy. If you divide by eurozone as a whole they are about 2-3 times bigger not 8 times bigger. But in individual countries there are even greater imbalances. they also bought massively into Basel 2 way of thinking about measuring risks and allowing banks to determine for themselves what's a safe asset and what's a dangerous asset. This is a very difficult combination for them they have a lot of mismanagement of risk in balance sheets that are big relative to their economies, and the Sovereign Dept crisis is not yet over

MA And its not over- and that's an additonal complicating factor because in US, Canada , UK when you have a deposit guarantee its more credible because its backed by treasury or federal government. So you can make the kind of deposit guarantees that people can credibly believe. Whereas in a country like Ireland where they first made a blanket guarantee, people started doing the number - their banking assets are 500% the GDP how can they possibly do that?

SJ That's right. Of the course the FDIC to be clear does ultimately draw on its ability to levy the financial sector but if that levy is not available if the whole sector is under stress they do have access to credit from the treasury

MA Precisely because they had that credit line they didn't have to draw on it. Europe hasnt anything comparable but it seems ECB is slowly moving in that direction, with a eurowide FDIC but with opposition from Germany

SJ Well I think the Europeans havent made much progress in terms of unifying the banking system and providing sensible deposit insurance - which isnt just about insurance but its also about having rules for who gets paid what amount when a bank fails. So what happens in Cyprus was quite different from what people had expected based on what they had seen in eg Greece and Spain. So do the Euripeans now have clear rules or are they just making it up as they go along. That's a big question in terms of generating uncertainty for themselves and the world

MA You mentioned earlier the need for higher capital buffers, I wonder though whether liability side of banks is best way to regulate them. By that I mean : you increase capital buffers as a response to a pre-existing problem but actually shouldn't you be looking at the activity that generates the problem in the first place - in other words what the bankers themselves can do

SJ Well I am not sure these ways of approaching the problem are substitutes, I think they are complements. The key point in terms of the liability side is the extent to which the banks fund themselves with equity rather than debt.. They should have enough equity to fund the kinds of risk you can expect over the cycle - and that's not 3 to 5% but 30% to 40%.of total assets. That's where we need to push the financial sector. Now that may not be sufficient but it is necessary.

MA They dont want to do that as it would help their profitability very much, and they use those profits to lobby as many members of congress as possible ... and what's really happening in the US is about 5 banks have 50% of the entire deposit base of the us and they are creating a situation which is penalising the unsystematically dangerous banks - the 6000 community banks and retail banks who fund themselves by their deposit basis but who are losing deposits and therefore seeing their costs of wholesale funding go up because a depositor rationally says I will put my money with jp morgan because they are too big to fail

SJ Absolutely this is unfair competition, uneven playing filed

MA Final question we are called the institute of new economic thinking, any ideas on what we should be embracing to be consistent with our mandate?

SJ Well with regard to issue I work on inet has been incredibly supportive in developing a network of people who are thinking about the financial sector in a different way from convention. Now there's an interesting question as to whether this is a new way of thinking or going back to old sensible first principles - still it is new relative to the orthodoxy that prevailed in the run up to the crisis of 2007/8. So this is an incredibly imporatant issue: legitimatising this agenda, bringing people together , providing a framework in which technical people can confront these realities - banks are just out of control and here are some sensible ways to reign them in

why not design 25 frontier corporations each aiming at 10% of billion person population's greatest needs - paul polak is starting 4 such - see his book The Business Solution to Poverty - see also discussion here value combination of 8 radical design criteria

Eight Keys to Zero-Based Design

There are eight keys to applying zero-based design to the conceptualization and implementation of a business that will market essential products or services to people living on $2 a day or less and be profitable enough to attract the capital necessary to reach global scale. By employing these principles in an integrated, bottom-up design process, you can fashion an enterprise that will truly help millions of severely poor people move out of poverty:

  1. Listening. Don’t look at poor people as alms-seekers or bystanders to their own lives. They’re your customers. Always set out by purposefully listening to understand thoroughly the specific context of their lives—their needs, their wants, their fears, their aspirations.
  2. Transforming the market. Think like Steve Jobs or Akio Morita (“I don’t serve markets. I create them!”). Your goal is to put a dent in the universe. A transformative new market will mimic the chain reaction in an atomic explosion, releasing energy to create yet bigger explosions. With success, your business will change economic behavior, create huge numbers of new jobs and transform the character of villages around the globe.
  3. Scale. Design for scale from the very beginning as a central focus of the enterprise, with a view toward reaching not just thousands or even millions of poor people but hundreds of millions. Scale isn’t mysterious; it’s fundamentally a mechanical process. You begin with a pilot project in, say, 50 villages. With success, you roll out to Scale-up50 villages per month, then to 250 per month, and later to 500 or 1,000, building on what you learn as you go. You always keep in mind that you’ve set out to design a global enterprise—a profitable and sustainable working system, not simply a product or service.
  4. Ruthless affordability. Design and implement ruthlessly affordable technologies and supremely efficient business processes, offering prices not just 30 to 50 percent less than First World prices but often an order of magnitude less, or 90 percent.
  5. Private capital. Design for a generous profit margin so that you can energize private-sector market forces, which will play a central role in expanding any venture—drawing from a pool of trillions of dollars in private capital rather than the millions typically available for philanthropic or government-sponsored programs.
  6. Last-mile distribution. Design for radical decentralization that incorporates last-mile (even “last 500 feet”) distribution, employing local people at local wages in a marketing, sales and distribution network that can reach even the most isolated rural people.
  7. Aspirational branding. This is even more critical for $2-a-day markets than for those serving the top 10 percent. Without aspirational branding that generates in buyers’ minds an appreciation for its most widely appreciated benefits and attributes, Coca-Cola is just flavored, fizzy sugar water; and a Mercedes is only a high-priced car. Branding convinces us that paying a premium for these products will make our lives more rewarding.
  8. Jugaad innovation. The Hindi term jugaad connotes improvisation, working with what you have and paying unflinching attention to continuous testing and development. A cynic might call it simply ingenuity.

These eight ideas form the basis of the zero-based design approach. In next week’s final post, I’ll describe two additional concepts that are essential to achieve the scale and adaptability necessary to combat global poverty.

Zero-Based Design

To understand what we mean by this term, consider the analogy we’ve based it on: zero-based budgeting. Typically, next year’s budget is simply this year’s with a few adjustments. Sometimes the process is straightforward: just increase or decrease last year’s numbers by two percent or 10 percent, and—voilà!—you’veZero-based design got next year’s budget.

By contrast, in zero-based budgeting, you start from scratch. Zero. With every line item blank, you dig as deeply as you need to dig to learn what’s really necessary and feasible.

Practically all designers set out on any assignment with a set of assumptions in mind—either a template they’ve successfully used in the past to solve a similar problem, or an existing product or service they plan to modify, or, at the very least, a conviction they’ve run across similar challenges in the past and can rely on their own experience in addressing them. In zero-based design, none of these assumptions is acceptable.

Assume Ignorance

You begin the zero-based design process from a position of assumed ignorance. Because you possess experience in, say, building homes, you might set out to establish a new business that provides healthy and comfortable housing for $2-a-day people who now live in the most rudimentary shelters.

However, instead of thinking of ways to adapt an existing home design to local conditions, you need to assume that nothing you’ve previously done will be suitable. You set out instead to determine what poor people themselves believe will best meet their needs. The process entails asking a lot of questions—questions at every stage of inquiry.

paul polak at youtube

worlds favorite school


speaking at Berkeley spring 2013

3 movements at crossroads in 2014 - movement to end extreme poverty has failed unless we resolve that in 2014; the social impact movement risks dying in its sleep much like appropriate tech movement 25 years ago; 3rd big business coming back from 2008 but has it learnt any lessons about its failures ...

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8 cities we spend most time helping students exchange sustainability solutions 2018-2019 BR0 Beijing Hangzhou: BR6 Geneva, Luxembourg, BR2 Dhaka, Delhi, BR1 Tokyo, Seoul

Map with Belt Road Imagineers :where do you want to partner in sustaining world

Our search for top 50 World Record Jobs Creators begins with E1 Xi Jinping - World's Number 1 Job Creator - Peoples Global2.0 

Girls world maps begin at B01 Bangladesh economical miracle of 15 million poorest village mothers grasssroots networking -good news reporting with and and


online library of norman macrae--


correspondence welcomed on 50 year curriculum of Entrepreneurial Revolution and net generation as most productive time to be alive -

MA1 AliBaba TaoBao

Ma 2 Ali Financial

Ma10.1 DT and ODPS

health catalogue; energy catalogue

Keynes: 2025now - jobs Creating Gen


how poorest women in world build

A01 BRAC health system,

A02 BRAC education system,

A03 BRAC banking system

K01 Twin Health System - Haiti& Boston

K02 Twin YouthWorldBanking: Haiti& Bkash (BRAC)

K03 Twin Open Society : Budapest-Rome - Economists and Peace Champions

A04 Africa & Asia's 5 Billion Peoples eleraning satellite Yazmi

A05 Triplet Open Apps Media Labs of Ethiopia and MIT and Ma-Lee (worldwide China)

Job creation case Y01 Foundation of Grameen Bank- good news in association with
Ma 10,2 grameen inteldt

Ma 10.3 IHUB/Usha Kenya DT

Ma 10.4 Kenya nanocredit

Ma 10.5 MIT top ten mobile app labs of open tech

Ma 10.6 berners lee www

KMAS1 Kimchoices KMAS1.1 Ki-Moon KMAS1.2 Sun F Yang Lan

W4E1 telecentres for girls jobs

W4E2 womens nanocredit










MEDIALABNegropronte > Yazmi


AFM00 Samara and AfricaStar and Yazmi
AFM10 IHUB/Ushahidi
AFM11 MIT Media Lab Africa
AFM12 MIT D-lab and Abdul Latif with Toyota
AFM121 Polak last mile multinationals africa –eg green energy and clean water distrib
AFM13 Ibrahim Foundation
AFM14 Africa24tv
TB1 Free University and Jobs Schools
TB11 Open Learning Campus Africa
AFM15 Young Africa Society –world bank ypa milennials’ goals 2.1
AFM2 Jamii Bora –end slums youth banking and partner labs
TB20 Primary financial literacy curriculum – eg Afaatoun out of Orphanages
AFM21 Bridges primary schools
TB21 Love of self- empowerment curriculum – eg Maharishi (TB1)
TB22 Coding curricula from primary up
AFM31 Kiva Africa
AFM32 Acumen
AFM33 BRAC African Girl Jobs-creating banking
AFM34 Eagri-Africa
AFM35 African health millennials www –and PIH Rwanda, Free Nursing College Africa
AFM36 Mara Foundation
AFM5 Nanocredit
AFM6 USADBC - diaspora association benchmarking african food security value chains
AFM61 –diaspora multi-country celebrations eg AfricaTip (AgeTip)
AFM612 Makerfaireafrica
BOM1 berners lee
BOM2 mit every students an entrepreneur
BOM21 MIT100k
BOM3 mit media lab -open source wizard entrepreneurs and new commons
BOM30 Negroponte $100 Laptop
BOM31 Joi Ito
BOM32 reclaim our learning
BOM4 MIT open education movement
BOM5 Legatum
BO51 Legatum millennials and fans
BOM52 networks of cashless banking technolgists
BOM53 innovations journal
BOM6 partners in health/brigham womens hospital
BOM61 value chain networks club inspired by pih and world bank millenials
BOM62 ypchronic
BOM64 Haiti training hospital - connector of neraly free nursing college
BOSF1 Kiva and puddle
BOSF2 Khan Academy
BOSF3 Coursera segment interested in Open Learning Campus

communications and community banking links series 1 and 2

Out of The Economist since 1972 Macrae's viewpoint Entrepreneurial Revolution argues that the net generation can make tremendous human progress if and only if educators, economists and all who make the biggest resource integrate youth job creating into the way their worldwide purpose and impact is valued join in ... 43rd Entrepreneurial Revolution Youth Networks Celebration..

job creation survey

discuss valuation video

Norman Macrae Foundation


Wash DC tel 1 301 881 1655




For how many of The Economist's first 175 years was it the most effective mediator of sustainability exponentials of humanity all over the planet


best million-youth moocs hosted by economists


discuss valuation video

hottest youth-spring question of our life and times-can online education end youth unemployment for ever ? yes but only if you help map how!

moocyunus launches youtube competition -what would purpose of youth's favorite free online university be?

join blog of moocyunus


 The Economist- when first seeing youth experiment with digital networks in 1972,

Season's most urgent collaboration debates:

next 100 million jobs nursing

42nd year of 7 wonders if thinkpad of The Economist's genre of Entrepreneurial Revoution

40 years of notes from archives of entrepreneurial revolution 1-7 a...


help catalogue top 100 microfranchises


help catalogue 100 short videos on right old muddle of anti-youth economists..

Dad (Norman Macrae) created the genre Entrepreneurial Revolution  to debate how to make the net generation the most productive and collaborative . We had first participated in computer assisted learning experiments in 1972. Welcome to more than 40 years of linking pro-youth economics networks- debating can the internet be the smartest media our species has ever collaborated around?

Foundation Norman Macrae- The Economist's Pro-Youth Economist

5801 Nicholson Lane Suite 404 Rockville MD 20852   tel 301 881 1655 email

Main Project webs including as lead open education partner of mandela elders and branson

2013 = 170th Year of The Economist being Founded to End Hunger

2010s = Worldwide Youth's most productive and collaborative decade

 1972: Norman Macrae starts up Entrepreneurial Revolution debates in The Economist. Will we the peoples be in time to change 20th C largest system designs and make 2010s worldwide youth's most productive time? or will we go global in a way that ends sustainability of ever more villages/communities? Drayton was inspired by this genre to coin social entrepreneur in 1978 ,,continue the futures debate here

world favorite moocs-40th annual top 10 league table

  • 1) e-ME
  • 2) 8 week tour of grameen curriculum and uniting human race to poverty museums
  • 3) 8 week tour of brac curriculum and mapping microeducation summit for post 2015 milennium goals

send votes to , Macrae Foundation

  • 4) 8 week tour of africa's free university and entrepreneurial slums
  • 5 what to do now for green energy to save the world in time
  • 6 nurses as 21st world's favorite information grassroots networkers and most economical cheerleaders more



  • 7 how food security as a mising curricululum of middle schools can co-create more jobs than any nation can dream of
  • 8 pro-youth economics and public servants
  • 9 celebrating china as number 1 creditor nation
  • 10 questions worldwide youth are asking about what was true last decade but false this decade because that's what living in the most innovative era means

archives at The Economist


Number 1 in Economics for Youth

The unacknowledged giantcelebrate unacknowledged giant

dannyboyle chrispatten butler-sloss marianowak tomhunter MYunusgeorgesoros bernerslee michael palin

Timeless ER from The Economist's Unacknowledged Giant (aka dad Norman Macrae) A  b  c ;;1997 a;;; 1983 a ;;;1976 a b;;; 1972 a ;;; 1962 a 1956 a - correspndence with optimistic rationalists always welcome -


from please help in 2 ways -nomination of collaboration 100; testify to world's largest public broadcasters such as BBCthat this survey needs their mediation now

Intercapital searches for replicable youth eonomic franchise



10 9 8 7 6 5 4 3 2 1 0

Brussels Poland
London-Glasgow Nordica: S D N
Spain .Kenya
Brazil Joburg



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