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How Many Dead-Ends Must Macroeconomists Take Us Down?

How Many Dead-Ends Must Macroeconomists Take Us Down?

 

A caveat: I would prefer a  more open devil’s advocacy Q&A style but start up like this since macroeconomists have all but made a monopoly out of their own way to spin globalization. If you would like to help wiki this into a more even-handed debate – tell me chris.macrae@yahoo.co.uk what to change at http://normanmacrae.ning.com/forum/topics/how-many-dead-ends-must

 

Overall Recommendation: Assume macroeconomists are guilty of devaluing what deepest trusts you want to compound investment in unless they can prove themselves innocent

This recommendation is made to people on main street and communally out of every genuine village . It can help a renaissance of governing with common sense – an openness of trust in decency and human respect - far more economically than expensive lawyers even in such hybrid places (of Manhattan Rich and Poor, of triple cultural interaction : French-American-African) as Sofitel towers. In search of hi-trust beyond hi-tech: it is time we empower youth to just do this now . The main assumption being made is that we the ordinary people value family structures of productivity as primary. The cross-cultural goal of all families is that natural one of the human race to lead as productive life as possible (developing more productive opportunities for our children)

 

Guilty – How’sThat?

Macroeconomists celebrate a theory that spins round disinvesting in our next generation. They propagate the exact opposite purpose of what Adam Smith and entrepreneurial schools of economics value the word economic to mean. In the West, after world war 2, macroeconomists grew like topsy as did the costs of various things including advertising and healthcare. They hired them selves out to the big gets bigger, the costly gets more costly provided you are too big to exist in sustainable communities.  They attracted sponsors who took over government for the people,  and multiplied fear of peace anywhere that tv image advertising took over from realty by soundbiting over real community spaces. Macroeconomists are sponsored not by those who want to serve but those who want to power over- and most incredibly of all they now judge success in terms of how short-term analysis can get, how much conflict one most powerful side can compound by talking non-transparently from every other side every quarter. We know how this dismal force compounded from diaries over 40 years 1949-1988  kept by and for The Economist http://normanmacrae.ning.com/forum/topics/norman-macrae-books-surveys

 

 

MACROECONOMISTS ARE AS NON-MATHEMATICAL AS NUMBER CRUNCHING MAN CAN GET

As someone who tries to make a life as a mathematician – and mentoring other mathematicians and mapmakers- this mobilises perpetual frustration. Macroconomists have got to the state of making their historic assumptions so non-transparent that they cant even trace them back themselves. And what this means is that when they make a wrong turning – something everyone I have ever studied does occasionally – that wrong turning spirals loss of sustainability without any chance of correcting it.

 

ONCE WHOLE TRUTH IS DEAD - LET GLOBAL PROFESSIONS RACE TO CONSULT OVER PARTIAL TRUTH

Here is what John  Von Neumann, whose economic wishes for the net generation age are worth reading as the modern day father of computing,  said about economists who appeared after world war 2:

“Economists now state their problems in ways that are quite impossible to let other people see what the problems really are”

 

This juxtaposes inconveniently with Keynes main finding from general systems theory a decade earlier : increasing only economics rules the world of systems man designs

 

 

I am not sure if Einstein ever publicly debated economists. But his mathematical finding was whenever people say there is nothing left to innovate – or that the world is too crowded – go micro. You will find there is far more value than whatever old standard ruled over as soon as you model and a more detailed (diverse) interactive level.  And it is intriguing to search how much Einstein mentored Gandhi’s endeavour to transform his own profession’s empire-scaled loss of truth.

 

So, Deadends 1 and 2 : no way back from spotting a macroeconomists error; 2 over-standardising –perpetrating this even  as moore’s laws doubling capacity of raw computer power  could give us the innovative way ahead of modeling more micro than ever before.  Top-down valuation excludes deeper context mapping just as the toolls for doing it have never been so rich and offer the chance for many economics of abundancy to overtale those of scarcity.

 

Deadend 3: is not responding to change in the environment. Deadend 4 is devaluing open-ness. This compounds risks at boundaries and flies diametrically in the face of our generations journey into being ever more connected due to the end of distance being the main cost for sharing knowhow.

 

Deadend 5 – macroeconomics has already conflicted with all the operating rules nature values most but just for good measure it also doesn’t include renewability as a cost – not until legislation says hey will there be any clean climate air water food left?

 

But there are more deadens built on what was convenient to economists sponsors. Deadend 6 Governments now print currencies without metal reserves – in other words currency printing is at the whim of what will keep politicians short-term goals fuelled.

 

Deadend 7 is even after a major lesson of the subprime debacle being that rating agencies don’t understand their own assumptions other than profiting from ordering rules with ever shorter more immediate crisis news impact, we let places be hijacked to short-term liquidity not long-term sustainability valuation models.

 

Deadend 8 is one by dad first studied in the mid 1950s. His conclusion in the book London Capital Market is that the primary purpose of a capital market is strategic for people of a place and their development goals – how they want to improve their [productive lifetimes and even more so the possibilities of their children. But once such markets get overtaken by corporations that free no responsibility to intergenerational savings out of locality, let alone job generating in the locality whose savings they have taken .we have a perfect recipe for compounding global financial implosion.;

 

Deadend 9:  Don’t refinance any place’s debt from international loans unless you have explored literally every source of local wealth and whether it is being invested in that place’s youth. Most of the so-called crises in richer nations  are being fixed by macroeconomists in such a way as to disinvest in the future of youth. Ironically European youth suffer one of the 2 worst double whammies of all . Politicians have constructed a Euro that only benefits their power over peoples and are refinancing its crashes into poorest places by requiring youth foot the bill for ever bigger international loans Particularly scary from Greece to UK, from Italy to Spain are religious that own far more capital than any national debt but whose values are at best like King Canute- not at all what productivity of the net generation needs main local capitalists to treasure..

 

 IN USA job destruction of youth is slightly different cocktail of vested interests . By now pretty well every institution in DC is most uneconomical possible judged by microeconomic and transparent mathematical criteria and this causes a chain reaction of political behaviours which exponentially accelerate destruction of future community sustainability faster than any other rules designable by man could possibly do while still calling this a democratic process.

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How Many Dead-Ends Must Macroeconomists Takes Us Down?

 

A caveat: I would prefer a  more open devil’s advocacy Q&A style but start up like this since macroeconomists have all but made a monopoly out of their own way to spin globalization. If you would like to help wiki this into a more even-handed debate – tell me chris.macrae@yahoo.co.uk what to change at http://normanmacrae.ning.com/forum/topics/how-many-dead-ends-must

 

Overall Recommendation: Assume macroeconomists are guilty of devaluing what deepest trusts you want to compound invest in unless they can prove themselves innocent

This recommendation is made to people on main street and communally out of every genuine village . It can help a renaissance of governing with common sense – an openness of trust in decency and human respect - far more economically than expensive lawyers even in such hybrid places (of Manhattan Rich and Poor, of triple cultural interaction : French-American-African) as Sofitel towers. In search of hi-trust beyond hi-tech: it is time we empower youth to just do this now . The main assumption being made is that we the ordinary people value family structures of productivity as primary. The cross-cultural goal of all families is that natural one of the human race to lead as productive life as possible (developing more productive opportunities for our children)

 

Guilty – How’sThat?

Macroeconomists celebrate a theory that spins round disinvesting in our next generation. They propagate the exact opposite purpose of what Adam Smith and entrepreneurial schools of economics value the word economic to mean. In the West, after world war 2, macroeconomists grew like topsy as did the costs of various things including advertising and healthcare. They hired them selves out to the big gets bigger, the costly gets more costly provided you are too big to exist in sustainable communities.  They attracted sponsors who took over government for the people,  and multiplied fear of peace anywhere that tv image advertising took over from realty by soundbiting over real community spaces. Macroeconomists are sponsored not by those who want to serve but those who want to power over- and most incredibly of all they now judge success in terms of how short-term analysis can get, how much conflict one most powerful side can compound by talking non-transparently from every other side every quarter. We know how this dismal force compounded from diaries over 40 years 1949-1988  kept by and for The Economist http://normanmacrae.ning.com/forum/topics/norman-macrae-books-surveys

 

 

MACROECONOMISTS ARE AS NON-MATHEMATICAL AS NUMBER CRUNCHING MAN CAN GET

As someone who tries to make a life as a mathematician – and mentoring other mathematicians and mapmakers- this mobilises perpetual frustration. Macroconomists have got to the state of making their historic assumptions so non-transparent that they cant even trace them back themselves. And what this means is that when they make a wrong turning – something everyone I have ever studied does occasionally – that wrong turning spirals loss of sustainability without any chance of correcting it.

 

ONCE WHOLE TRUTH IS DEAD - LET GLOBAL PROFESSIONS RACE TO CONSULT OVER PARTIAL TRUTH

Here is what John  Von Neumann, whose economic wishes for the net generation age are worth reading as the modern day father of computing,  said about economists who appeared after world war 2:

“Economists now state their problems in ways that are quite impossible to let other people see what the problems really are”

 

This juxtaposes inconveniently with Keynes main finding from general systems theory a decade earlier : increasing only economics rules the world of systems man designs

 

 

I am not sure if Einstein ever publicly debated economists. But his mathematical finding was whenever people say there is nothing left to innovate – or that the world is too crowded – go micro. You will find there is far more value than whatever old standard ruled over as soon as you model and a more detailed (diverse) interactive level.  And it is intriguing to search how much Einstein mentored Gandhi’s endeavour to transform his own profession’s empire-scaled loss of truth.

 

So, Deadends 1 and 2 : no way back from spotting a macroeconomists error; 2 over-standardising –perpetrating this even  as moore’s laws doubling capacity of raw computer power  could give us the innovative way ahead of modeling more micro than ever before.  Top-down valuation excludes deeper context mapping just as the toolls for doing it have never been so rich and offer the chance for many economics of abundancy to overtale those of scarcity.

 

Deadend 3: is not responding to change in the environment. Deadend 4 is devaluing open-ness. This compounds risks at boundaries and flies diametrically in the face of our generations journey into being ever more connected due to the end of distance being the main cost for sharing knowhow.

 

Deadend 5 – macroeconomics has already conflicted with all the operating rules nature values most but just for good measure it also doesn’t include renewability as a cost – not until legislation says hey will there be any clean climate air water food left?

 

But there are more deadens built on what was convenient to economists sponsors. Deadend 6 Governments now print currencies without metal reserves – in other words currency printing is at the whim of what will keep politicians short-term goals fuelled.

 

Deadend 7 is even after a major lesson of the subprime debacle being that rating agencies don’t understand their own assumptions other than profiting from ordering rules with ever shorter more immediate crisis news impact, we let places be hijacked to short-term liquidity not long-term sustainability valuation models.

 

Deadend 8 is one by dad first studied in the mid 1950s. His conclusion in the book London Capital Market is that the primary purpose of a capital market is strategic for people of a place and their development goals – how they want to improve their [productive lifetimes and even more so the possibilities of their children. But once such markets get overtaken by corporations that free no responsibility to intergenerational savings out of locality, let alone job generating in the locality whose savings they have taken .we have a perfect recipe for compounding global financial implosion.;

 

Deadend 9:  Don’t refinance any place’s debt from international loans unless you have explored literally every source of local wealth and whether it is being invested in that place’s youth. Most of the so-called crises in richer nations  are being fixed by macroeconomists in such a way as to disinvest in the future of youth. Ironically European youth suffer one of the 2 worst double whammies of all . Politicians have constructed a Euro that only benefits their power over peoples and are refinancing its crashes into poorest places by requiring youth foot the bill for ever bigger international loans Particularly scary from Greece to UK, from Italy to Spain are religious that own far more capital than any national debt but whose values are at best like King Canute- not at all what productivity of the net generation needs main local capitalists to treasure..

 

 IN USA job destruction of youth is slightly different cocktail of vested interests . By now pretty well every institution in DC is most uneconomical possible judged by microeconomic and transparent mathematical criteria and this causes a chain reaction of political behaviours which exponentially accelerate destruction of future community sustainability faster than any other rules designable by man could possibly do while still calling this a democratic process.

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ENTREPRENEURIAL REVOLUTION NETWORK BENCHMARKS 2025now : Remembering Norman Macrae

unaiwho.docx version 6/6/22 hunt for 100 helping guterres most with UN2.0

EconomistDiary.com Friends20.com & EntrepreneurialRevolution.city select 2022's greatest moments for citizens/youth of NY & HK & Utellus

Prep for UN Sept 22 summit education no longer fit for human beings/sustainability

JOIN SEARCH FOR UNDER 30s MOST MASSIVE COLLABS FOR HUMAN SUSTAINABILITY - 3/21/22 HAPPY 50th Birthday TO WORLD'S MOST SUSTAINABLE ECONOMY- ASIAN WOMEN SUPERVILLAGE

Since gaining my MA statistics Cambridge DAMTP 1973 (Corpus Christi College) my special sibject has been community building networks- these are the 6 most exciting collaboration opportunities my life has been privileged to map - the first two evolved as grassroots person to person networks before 1996 in tropical Asian places where village women had no access to electricity grids nor phones- then came mobile and solar entrepreneurial revolutions!! 

COLLAB platforms of livesmatter communities to mediate public and private -poorest village mothers empowering end of poverty    5.1 5.2 5.3 5.4 5.5  5.6


4 livelihood edu for all 

4.1  4.2  4.3  4.4  4.5 4.6


3 last mile health services  3.1 3,2  3.3  3.4   3.5   3.6


last mile nutrition  2.1   2.2   2.3   2.4  2.5  2,6


banking for all workers  1.1  1.2  1.3   1.4   1.5   1.6


NEWS FROM LIBRARY NORMAN MACRAE -latest publication 2021 translation into japanese biography of von neumann:

Below: neat German catalogue (about half of dad's signed works) but expensive  -interesting to see how Germans selected the parts  they like over time: eg omitted 1962 Consider Japan The Economist 

feel free to ask if free versions are available 

The coming entrepreneurial revolution : a survey Macrae, Norman - In: The economist 261 (1976), pp. 41-65 cited 105 

Macrae, Norman - In: IPA review / Institute of PublicAffairs 25 (1971) 3, pp. 67-72  
 Macrae, Norman - The Economist 257 (1975), pp. 1-44 
6 The future of international business Macrae, Norman - In: Transnational corporations and world order : readings …, (pp. 373-385). 1979 >
Future U.S. growth and leadership assessed from abroad Macrae, Norman - In: Prospects for growth : changing expectations for the future, (pp. 127-140). 1977 Check Google Scholar | 
9Entrepreneurial Revolution - next capitalism: in hi-tech left=right=center; The Economist 1976
Macrae, Norman -In: European community (1978), pp. 3-6
  Macrae, Norman - In: Kapitalismus heute, (pp. 191-204). 1974
23a 

. we scots are less than 4/1000 of the worlds and 3/4 are Diaspora - immigrants in others countries. Since 2008 I have been celebrating Bangladesh Women Empowerment solutions wth NY graduates. Now I want to host love each others events in new york starting this week with hong kong-contact me if we can celebrate anoither countries winm-wins with new yorkers

mapping OTHER ECONOMIES:

50 SMALLEST ISLAND NATIONS

TWO Macroeconomies FROM SIXTH OF PEOPLE WHO ARE WHITE & war-prone

ADemocratic

Russian

=============

From 60%+ people =Asian Supercity (60TH YEAR OF ECONOMIST REPORTING - SEE CONSIDER JAPAN1962)

Far South - eg African, Latin Am, Australasia

Earth's other economies : Arctic, Antarctic, Dessert, Rainforest

===========

In addition to how the 5 primary sdgs1-5 are gravitated we see 6 transformation factors as most critical to sustainability of 2020-2025-2030

Xfactors to 2030 Xclimate XAI Xinfra Xyouth Wwomen Xpoor chris.macrae@yahoo.co.uk (scot currently  in washington DC)- in 1984 i co-authored 2025 report with dad norman.

Asia Rising Surveys

Entrepreneurial Revolution -would endgame of one 40-year generations of applying Industrial Revolution 3,4 lead to sustainability of extinction

1972's Next 40 Years ;1976's Coming Entrepreneurial Revolution; 12 week leaders debate 1982's We're All Intrapreneurial Now

The Economist had been founded   in 1843" marking one of 6 exponential timeframes "Future Histores"

IN ASSOCIATION WITH ADAMSMITH.app :

we offer worldwide mapping view points from

1 2 now to 2025-30

and these viewpoints:

40 years ago -early 1980s when we first framed 2025 report;

from 1960s when 100 times more tech per decade was due to compound industrial revolutions 3,4 

1945 birth of UN

1843 when the economist was founded

1760s - adam smithian 2 views : last of pre-engineering era; first 16 years of engineering ra including america's declaration of independence- in essence this meant that to 1914 continental scaling of engineeriing would be separate new world <.old world

conomistwomen.com

IF we 8 billion earthlings of the 2020s are to celebrate collaboration escapes from extinction, the knowhow of the billion asian poorest women networks will be invaluable -

in mathematically connected ways so will the stories of diaspora scots and the greatest mathematicians ever home schooled -central european jewish teens who emigrated eg Neumann , Einstein ... to USA 2nd quarter of the 20th century; it is on such diversity that entrepreneurial revolution diaries have been shaped 

EconomistPOOR.com : Dad was born in the USSR in 1923 - his dad served in British Embassies. Dad's curiosity enjoyed the opposite of a standard examined education. From 11+ Norman observed results of domination of humans by mad white men - Stalin from being in British Embassy in Moscow to 1936; Hitler in Embassy of last Adriatic port used by Jews to escape Hitler. Then dad spent his last days as a teen in allied bomber command navigating airplanes stationed at modernday Myanmar. Surviving thanks to the Americas dad was in Keynes last class where he was taught that only a handful of system designers control what futures are possible. EconomistScotland.com AbedMooc.com

To help mediate such, question every world eventwith optimistic rationalism, my father's 2000 articles at The Economist interpret all sorts of future spins. After his 15th year he was permitted one signed survey a year. In the mid 1950s he had met John Von Neumann whom he become biographer to , and was the only journalist at Messina's's birth of EU. == If you only have time for one download this one page tour of COLLABorations composed by Fazle Abed and networked by billion poorest village women offers clues to sustainability from the ground up like no white ruler has ever felt or morally audited. by London Scot James Wilson. Could Queen Victoria change empire fro slavemaking to commonwealth? Some say Victoria liked the challenge James set her, others that she gave him a poison pill assignment. Thus James arrived in Calcutta 1860 with the Queens permission to charter a bank by and for Indian people. Within 9 months he died of diarrhea. 75 years later Calcutta was where the Young Fazle Abed grew up - his family accounted for some of the biggest traders. Only to be partitioned back at age 11 to his family's home region in the far north east of what had been British Raj India but was now to be ruled by Pakistan for 25 years. Age 18 Abed made the trek to Glasgow University to study naval engineering.

new york

1943 marked centenary autobio of The Economist and my teenage dad Norman prepping to be navigator allied bomber command Burma Campaign -thanks to US dad survived, finished in last class of Keynes. before starting 5 decades at The Economist; after 15 years he was allowed to sign one survey a year starting in 1962 with the scoop that Japan (Korea S, Taiwan soon hk singapore) had found development mp0de;s for all Asian to rise. Rural Keynes could end village poverty & starvation; supercity win-win trades could celebrate Neumanns gift of 100 times more tech per decade (see macrae bio of von neumann)

Since 1960 the legacy of von neumann means ever decade multiplies 100 times more micro-technology- an unprecedented time for better or worse of all earthdwellers; 2025 timelined and mapped innovation exponentials - education, health, go green etc - (opportunities threats) to celebrating sustainability generation by 2025; dad parted from earth 2010; since then 2 journals by adam smith scholars out of Glasgow where engines began in 1760- Social Business; New Economics have invited academic worlds and young graduates to question where the human race is going - after 30 business trips to wealthier parts of Asia, through 2010s I have mainly sherpa's young journalist to Bangladesh - we are filing 50 years of cases on women empowerment at these web sites AbedMOOC.com FazleAbed.com EconomistPoor.com EconomistUN.com WorldRecordjobs.com Economistwomen.com Economistyouth.com EconomistDiary.com UNsummitfuture.com - in my view how a billion asian women linked together to end extreme poverty across continental asia is the greatest and happiest miracle anyone can take notes on - please note the rest of this column does not reflect my current maps of how or where the younger half of the world need to linkin to be the first sdg generation......its more like an old scrap book

 how do humans design futures?-in the 2020s decade of the sdgs – this question has never had more urgency. to be or not to be/ – ref to lessons of deming or keynes, or glasgow university alumni smith and 200 years of hi-trust economics mapmaking later fazle abed - we now know how-a man made system is defined by one goal uniting generations- a system multiplies connected peoples work and demands either accelerating progress to its goal or collapsing - sir fazle abed died dec 2020 - so who are his most active scholars climate adaptability where cop26 november will be a great chance to renuite with 260 years of adam smith and james watts purposes t end poverty-specifically we interpret sdg 1 as meaning next girl or boy born has fair chance at free happy an productive life as we seek to make any community a child is born into a thriving space to grow up between discover of new worlds in 1500 and 1945 systems got worse and worse on the goal eg processes like slavery emerged- and ultimately the world was designed around a handful of big empires and often only the most powerful men in those empires. 4 amazing human-tech systems were invented to start massive use by 1960 borlaug agriculture and related solutions every poorest village (2/3people still had no access to electricity) could action learn person to person- deming engineering whose goal was zero defects by helping workers humanize machines- this could even allowed thousands of small suppliers to be best at one part in machines assembled from all those parts) – although americans invented these solution asia most needed them and joyfully became world class at them- up to 2 billion people were helped to end poverty through sharing this knowhow- unlike consuming up things actionable knowhow multiplies value in use when it links through every community that needs it the other two technologies space and media and satellite telecoms, and digital analytic power looked promising- by 1965 alumni of moore promised to multiply 100 fold efficiency of these core tech each decade to 2030- that would be a trillion tmes moore than was needed to land on the moon in 1960s. you might think this tech could improve race to end poverty- and initially it did but by 1990 it was designed around the long term goal of making 10 men richer than 40% poorest- these men also got involved in complex vested interests so that the vast majority of politicians in brussels and dc backed the big get bigger - often they used fake media to hide what they were doing to climate and other stuff that a world trebling in population size d\ - we the 3 generations children parents grandparents have until 2030 to design new system orbits gravitated around goal 1 and navigating the un's other 17 goals do you want to help/ 8 cities we spend most time helping students exchange sustainability solutions 2018-2019 BR0 Beijing Hangzhou: 

Girls world maps begin at B01 good news reporting with fazleabed.com  valuetrue.com and womenuni.com

.==========

online library of norman macrae--

==========

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

Past events EconomistDiary.com

include 15th annual spring collaboration cafe new york - 2022 was withsister city hong kong designers of metaverse for beeings.app

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