The Commons

[youtube]http://www.youtube.com/watch?v=L7jaSjkd0jM[/youtube]

In a just world, the idea of wealth–be it money derived from the work of human hands, the resources and natural splendor of the planet itself–and the knowledge handed down through generations belongs to all of us. But in our decidedly unjust and imperfect world, our collective wealth is increasingly concentrated in the hands of a few. There is be a better way–the notion of the commons–common land, resources, knowledge–is a common-sense way to share our natural, cultural, intellectual riches.

Read the rest of this entry »

Share/Bookmark

Science reinvents the economy: An economy in a computer

Magazine issue 2711. New Scientist

More: Can science reinvent the economy?

Can we pack an entire economy, with all its complex human and political interactions, into a computer? Physicist Dirk Helbing of ETH thinks so – as long as we’re bold enough in going about it.

He points out that financial systems aren’t the only monsters we’ve let out of the box. How traffic flows in and around huge cities simply cannot be grasped by mathematical analysis, but computer models let millions of virtual vehicles interact on realistic road patterns – and often discover potential problems before they occur in reality.

The complexity of today’s economy, Helbing suggests, demands a similar approach. “We’re not currently using the best capabilities of science,” he says. “We need to bring together scientists from different fields and put together tools that can be used as a kind of wind tunnel for testing out social and economic policies.”

Read the rest of this entry »

Digital Library of Slovenia


Digital Library of Slovenia: Developing Cultural Digital Content, Interconnectind Digital Sources and Enabling Free Access to Knowledge

Zoran Krstulović

The Post-Capitalist Society

post-capitalist society

Peter Drucker, the father of modern management, discusses how knowledge, not capital, is the new basis of wealth.

Unimagined Futures: “EVERY FEW HUNDRED YEARS in Western history there occurs a sharp transformation. We cross what in an earlier book, I called a “divide.”

Within a few short decades, society rearranges itself—its worldview; its basic values; its social and political structure; its arts; its key institutions. Fifty years later, there is a new world. And the people born then cannot even imagine the world in which their grandparents lived and into which their own parents were born.

We are currently living through just such a transformation. It is creating the post-capitalist society, which is the subject of this book.

PETER DRUCKER: International economic theory is obsolete. The traditional factors of production – land, labor, and capital – are becoming restraints rather than driving forces. Knowledge is becoming the one critical factor of production. It has two incarnations: Knowledge applied to existing processes, services, and products is productivity; knowledge applied to the new is innovation.

Read the rest of this entry »