NormanMacrae.net -Economist pro-youth economist -bravo sir fazle abed & jack ma
Before the worldwide web it is arguable that the value exchange of many a market sector had less than 10 constituents -or more correctly speaking, many economists hired themselves out to less constituents.
And when economists so blinded themselves from the hippocratic oath to do no harm , they were prone to multiplying badwill (loss of trust) or at risk of compounding risks. Externalistion of risk onto peoples with the least information or -eg of climate chnage - onto future generations being a terrifying mistake which keynes urged economists not to make but increasingly most started to do especially as tv broadcasting became so tempting to command and control people with short=term soundbites. Note how far the behaviour of the politician has moved from that of public servant even in so-called democracies. And note especially how youth's futures are excluded from politician's dealing out of favours ecause the future generation has no votes.
All of this might be less problematic if economists were not responsible for compound future trajectories which take on exponential shape. But if the economist isn't responsible for modeling exponential impacts, who is? Moreover, one way of defining an exponential is that of a curve that looks flat until it reaches a tipping point after which it may be impossible to prevent collapse (or at minimum far more more costly to get back than any gains that were made by not investing in preventing its breach)
Probably the safest definition of the post-industrial economy - which we as members of the first net generation co-habit is that it offers abundancy though multi-win modeling of value exchnage of a market sector replacing the zero-sum mindsets of the industrial age. After all the industrial age was dealing with things that get consumed up in use whereas the joy of knowledge is that can openly multiplies value in use.
A particularly dismal consequence of zero-sum mindsets is seen by those who analyse economics only in terms of adding up gross national products. The Economist's Entrepreneurial Revolution dialogues starting in the 1970s proposed that to start mapping post-industrial revolution we would need to innovatively define Gross World Product by integrating optimisaton of how every person's productive lifetime interacts. It is shocking how Euro-politicians have been prepared to damage futures of whole countries youth - eg spain, greece- because of zero-sum thinking. In the 2010s, with access to a million times more empowering technology than when man raced to the moon in the 1960s, a nation's future should not primarily be rated by how much debt a past generation got into but how well it is investing in productivity of net generation out of every community in the nation.