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Capital flow, the moving and swelling and shifting of value, is an emergent property of the interaction between humans and money. Wherever we find money, we find dynamics and properties of capital flow, or rather, how money moves. Where the concept of money is absent (as in historical pure-trade economies) there is no fundamental object of money to move, measure or analyze. So, while capital … Continue reading An Introduction to Capital Flow
Phishing—as defined by George A. Akerlof and Robert J. Shiller in their book Phishing for Phools: The Economics of Manipulation and Deception —happens when one economic participant, Party A, knowingly takes economic advantage of another participant, Party B, in a voluntary free market transaction that is specifically harmful to Party B’s financial best interest. Example: Party A sells cheap knockoffs at inflated prices online. Who … Continue reading Phishing for Phools
The term “ecosystem” is frequently used in both natural and, at least these days, many business contexts. Considering that an “ecological system” describes the nature of interaction in a community of organisms that interrelates with its environment, and that virtually every natural environment on Earth involves interactions that are directly or historically influenced by the Sun, then it stands to logical reason that the Sun, … Continue reading On Ecosystems
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