- Jul 2024
- May 2024
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Leaked Amazon memo warns the company is running out of people to hire by [[Jason Del Rey]]
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- Dec 2023
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Local file Local file
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Instead, he lauds the figure of themarket as a knowing entity, envisioning it as a kind of processor of socialinformation that, through the mechanism of price, continuously calcu-lates and communicates current economic conditions to individuals inthe market.
Is it possible that in this paper we'll see the beginning of a shift from Adam Smith's "invisible hand" (of Divine Providence, or God) to a somewhat more scientifically based mechanism based on information theory?
Could communication described here be similar to that of a fungal colony seeking out food across gradients? It's based in statistical mechanics of exploring a space, but looks like divine providence or even magic to those lacking the mechanism?
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- Sep 2023
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www.theguardian.com www.theguardian.com
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Bei dem afrikanischen klimagipfel in Nairobi zeichnen sich Konflikte über einen Ausstieg aus fossilen Energien ab. Einige Länder, darunter Nigeria und Senegal, wollen die vorhandenen und zum Teil gerade entdeckten Ressourcen ausbeuten.
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- institution: Global Wind Energy Council
- country: Gabon
- expert: Hardi Yakubu
- institution: Africa Carbon Markets Initiative (ACMI)
- expert: Mohamed Adow
- region: Africa
- country: Senegal
- NGO: Africans Rising
- topic: climate finance
- project: East African crude oil pipeline
- NGO: Power Shift Africa
- event: African Climate Summit 2033
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www.derstandard.de www.derstandard.de
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In Nairobi findet in dieser Woche der erste afrikanische klimagipfel statt. Ein zentrales Thema sind Funanzierungsleistungen des globalen Nordens. Viele Initiativen besonders der kenianischen Präsidentschaft sind umstritten. NGOs befürchten, dass sie die Länder, die die Klima-Katastrophe verursachen, entlasten und nicht zur Minderung der Emissionen beitragen.
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- Apr 2023
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peaches.la peaches.la
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Peaches.LA was created by Natalie Tenerelli and Dan Cox to help get some of the best peaches in the world into the hands of everyone outside the LA Farmers Markets and top chefs.
Tenerelli Orchards sells these at the Victory Park Farmers' Market in the summer.
Recommended by Gabi Grace. Ask for bruised stock for significant discount.
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- Mar 2023
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venkatesh-rao.gitbook.io venkatesh-rao.gitbook.io
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Good protocols tend to form persistent Schelling points in spaces of problems worth solving, around solutions good enough to live with – for a while. And surprisingly often, they manage to induce more complex patterns of voluntary commitment and participation than are achieved by competing systems of centralized coordination.
"inducing more complex patterns" reminds me a little bit of Peter Cotton's Microprediction, does a market form around an idea? Is a protocol one of these ideas?
Appreciate the 'problems worth solving'
Because it's fresh in memory, I like this as illustrated by Chasing Venus
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www.nature.com www.nature.com
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Just transformations challenge power politics, which are often based on vested interests, cost-effectiveness and cost-recovery principles. Addressing deforestation through forest policy may not be adequate to counter agricultural policies that promote land use change to ensure more production and higher gross domestic product (GDP). Carbon markets may be captured by entrepreneurs seeking profit and may not be equitable or effective and can allow pollution to continue. In ‘allocating policy responsibilities’, it is important to not only understand and challenge dominant discourses on increasing GDP at all costs, but also ensure that solutions do not reproduce, redistribute or increase injustices.
-Summary - Justice arguments transcend the normative status quo arguments that are usually based purely on GDP alone. - Carbon markets / Carbon offsets also need to be challenged as they can often be unjust and wealth concentrating through capitalist entrepreneurship that merely increases injustice.
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- Jan 2023
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hcommons.social hcommons.social
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Ryan Randall @ryanrandall@hcommons.socialEarnest but still solidifying #pkm take:The ever-rising popularity of personal knowledge management tools indexes the need for liberal arts approaches. Particularly, but not exclusively, in STEM education.When people widely reinvent the concept/practice of commonplace books without building on centuries of prior knowledge (currently institutionalized in fields like library & information studies, English, rhetoric & composition, or media & communication studies), that's not "innovation."Instead, we're seeing some unfortunate combination of lost knowledge, missed opportunities, and capitalism selectively forgetting in order to manufacture a market.
https://hcommons.social/@ryanrandall/109677171177320098
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- Dec 2022
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www.linkedin.com www.linkedin.com
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Does our most powerful force not come from the depths of our capacities to #love, #care for and #serve nature and all its beings, including ourselves?
!- good insight : markets do not set the direction, but subordinate to the direction set by our capacity for love and care
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the ultimate #guidance we need to heal Earth does not come from the #markets and our #technologies supporting them. What they are is tools, supporting a direction, facilitating transactions in a world where we do not yet speak a deep #common language of #unity, #stewardship and #coexistence but these markets and technologies should not dictate where we are headed, or else I'm afraid we are simply missing the whole point.
!- good insight : markets cannot dictate the direction we are headed - direction should be set by our depths of capacity for love, care for nature and other living beings - markets should be viewed in the proper context, IN SERVICE to the above, not the MASTER of it
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www.liberation.fr www.liberation.fr
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Das Parlament und die Staaten der europäischen Union haben beschlossen, eine CO2-Abgabe an den Grenzen zu erheben. Sie wird nicht ganz korrekt oft als CO2 Steuer bezeichnet und verteuert Importe von CO2 intensiven Gütern.
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However, there is fatal flaw to this argument—as an overall macro strategyfor reducing poverty, it will be ineffective unless we also increase the overallquantity and quality of opportunities, particularly job opportunities, in society.In other words, by providing an individual with greater education, we havemade them more competitive in the job market, but only at the expense ofsomeone else. In this sense, the strategy is played as a zero-sum game.
initally creaded: 2022-10-10
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Musical Chairs
The authors analogize educational levels and unemployment rates to playing musical chairs to underline the zero sum game being played in the labor market.
This becomes a useful argument for why a universal basic income ought to be implemented, not to mention the bullshit job thesis which pairs with it.
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- Nov 2022
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www.epsilontheory.com www.epsilontheory.com
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This circular process of issuing new shares to employees and then buying those shares back with company money – MY money as a shareholder – is called ‘sterilization’.
Definition of stock “sterilization“
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- Aug 2022
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www.pps.org www.pps.org
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I like the way this article talks about the project while also interweaving more general insights that apply to the overall topic of what goes into making a market that people will want to use. You get insight about the topic while also having a tangible example to show how it can be done anchor the ideas to a realistic proposal.
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- Jul 2022
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Local file Local file
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Speculation, herd exuberance, irrational optimism, rent-seekingand the temptation o f fraud drive asset markets to overshoot andplunge - which is why they need careful regulation, something Ialways supported. (M arkets in goods and services need lessregulation.)
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experiments in laboratories by the economistVernon Smith and his colleagues have long confirmed thatmarkets in goods and services for immediate consum ption -haircuts and hamburgers - work so well that it is hard to designthem so they fail to deliver efficiency and innovation; whilemarkets in assets are so automatically prone to bubbles andcrashes that it is hard to design them so they work at all.
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- Jun 2022
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www.paris.fr www.paris.fr
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Local file Local file
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the institu-tions in force in China in the eighteenth century were much more inaccord with Smith’s ideas than those applied in the United Kingdom.
Piketty suggests that eighteenth century China was a better example of economic liberalism in the vein of Adam Smith's Wealth of Nations (1776) than the United Kingdom was during the same period. He particularly points out lower taxes and balanced budgets in China, respect for property rights, better markets for labor and goods, competition, social mobility and freedom.
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- Dec 2021
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www.sciencedirect.com www.sciencedirect.com
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Understanding the failure of internal knowledge markets: A framework for diagnosis and improvement
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www.ft.com www.ft.com
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Espinoza, J. (2021, November 28). Vestager urges European legislators to push through rules to regulate Big Tech. Financial Times. https://www.ft.com/content/1880d0fb-0651-47ed-a8f4-6cde0f729859
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- Nov 2021
- Oct 2021
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www.oneriveram.com www.oneriveram.com
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In a fiat currency system, neither money nor government debt are real. They are illusions, mass delusions. This allows politicians to periodically bring the nation to the imaginary brink, point the cameras into a fictitious abyss, and then rescue us from a crisis of their own creation – all with the stroke of a pen.
money is a theatrical prop
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decrypt.co decrypt.co
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There will be three billion gamers by next year, according to a Newzoo study. And as Loftus puts it: “People are going to need to wear something.”
THIS is it - web 3 is making consumers mutiplicitous - opens marketts WITHIN games, subworlds that can be exploited / marketed to / fashion trends will sweep games, online subcultures (maybe) - people have markeable personas on and off the web, new context for targeted advertising / commerce.
Will cannabalize physical economies?
Accessorize for a zoom meeting - digital suits, etc digital costumes. Something to wear at digital concerts, in games; your Perona will not be birthed into the metaverse clothed, accessorized...
Assets will be portable across platforms.
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gen.medium.com gen.medium.com
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Code: That which is technically possible or impossible.Law: That which is legally permitted or prohibited.Markets: That which is profitable or unprofitable.Norms: That which is socially acceptable or unacceptable.
[[Lawrence Lessig]]'s x4 forces parallel [[David Brin]]'s arenas.
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- Jul 2021
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www.economicliberties.us www.economicliberties.us
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BlackRock employs a stable of former policymakers, underscoring the importance the company occupies in both financial and policymaking ecosystems, in something akin to a shadow government entity.[157] Good government groups have documented 118 examples of “revolving door” activity by the company—cases in which a government official joined BlackRock’s roster, or vice versa.[158] In one particularly troubling example of how Washington’s revolving door operates, in 2017, a former BlackRock executive was put in charge of reviewing the FSOC’s work for the Treasury Department.[159] Unsurprisingly, the Department’s conclusion was that FSOC should “prioritize its efforts to address risks to financial stability through a process that emphasizes an activities-based or industry-wide approach,” the company’s preferred position.[160] This conclusion all but ensures that BlackRock will not be designated for greater regulation by the FSOC under the Trump administration.
To Big To Fail? Above The Law? Shadow Government?
The term "shadow government" comes up often when investigating Revolving Door partnerships between corporations and former government policymakers. One particular public corporation, BlackRock Investments is the poster child of revolving door activity and comparisons to a shadow government.
BlackRock is front and center in the manipulation of todays Real Estate bubble.
BlackRock should be marketed as;*The Largest Asset Manager and Keeper of The Neo-liberal Flame; We Kill Children to Make You Money and We Enjoy Doing It!*
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- Jun 2021
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www.wsj.com www.wsj.com
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McKay, Jeremy Page, Drew Hinshaw and Betsy. ‘Over 47,000 Wild Animals Sold in Wuhan Markets Before Covid Outbreak, Study Shows’. Wall Street Journal, 9 June 2021, sec. World. https://www.wsj.com/articles/live-wildlife-sold-in-wuhan-markets-before-covid-19-outbreak-study-shows-11623175415.
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www.fudco.com www.fudco.com
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being gainfully employed, I don't have to worry about graduation or tenure
Again Morningstar shows a lack of recognition that academia (most especially in the USA) operates in a marketplace, even though he describes some of its market characteristics elsewhere.
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Contrast this situation with that of academia.
Morningstar misses here how he goes on to describe exactly how academia acts as a marketplace and how academics do get paid by convincing somebody else that "what [they] are doing is worth" payment. The idea that academia is not participating in market-based dynamics seems like just the old "ivory tower" myth.
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- Apr 2021
- Mar 2021
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www.theatlantic.com www.theatlantic.com
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What Fukuyama and a team of thinkers at Stanford have proposed instead is a means of introducing competition into the system through “middleware,” software that allows people to choose an algorithm that, say, prioritizes content from news sites with high editorial standards.
This is the second reference I've seen recently (Jack Dorsey mentioning a version was the first) of there being a marketplace for algorithms.
Does this help introduce enough noise into the system to confound the drive to the extremes for the average person? What should we suppose from the perspective of probability theory?
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- Aug 2020
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elizabethyin.com elizabethyin.com
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Put another way, a lot of the “low hanging fruit” in the US software market is now gone. Software in the US generally works. And new opportunities get swept up with would-be competitors immediately. If the 90s was about thinking through your build, the 2020s is about thinking through marketing & distribution.
The low hanging fruit in software markets is now gone in the US. New opportunities get swept up immediately. The 90s were about figuring out how to build it, the 2020s are about figuring out marketing & distribution.
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www.nber.org www.nber.org
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Aizenman, Joshua, Yothin Jinjarak, Donghyun Park, and Huanhuan Zheng. ‘Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?’ National Bureau of Economic Research Working Paper Series, 23 April 2020. https://www.nber.org/papers/w27030.
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- May 2020
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stratechery.com stratechery.com
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Fourth, instead of punishing Aggregators for building products that consumers like to use, antitrust authorities should focus on third-party advertising markets, particularly the role played by Google.
What will the consequences of shift from third to first party advertising markets be?
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- Feb 2020
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www.fmassari.com www.fmassari.com
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The rational expectation and thelearning-from-price literatures argue that equilibrium prices are accurate becausethey reveal and aggregate the information of all market participants. The MarketSelection Hypothesis,MSH, proposes instead that prices become accurate becausethey eventually reflect only the beliefs of the most accurate agent. The Wisdomof the Crowd argument,WOC, however suggests that market prices are accuratebecause individual, idiosyncratic errors are averaged out by the price formationmechanism
Three models (arguments for) drivers of market efficiency
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www.sciencedirect.com www.sciencedirect.com
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0.506 (0.532)
can we find any measures of dispersion here?
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For the 12 studies with an original p < 0.005, 10 (83%) replicated. For the 12 studies with an original p > 0.005, only 1 (8%) replicated. Further work is needed to test if prediction markets outperform predictions based only on the initial p-value, to test if the market also aggregates other information important for reproducibility.
p values may capture all the information?
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- Jan 2020
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academic.oup.com academic.oup.com
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Losing face
Open research working paper version: https://eprints.soton.ac.uk/427678/1/LosingFace_workingversion_nomarpar.pdf
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- Dec 2019
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en.wikipedia.org en.wikipedia.org
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During 1995, a decision was made to (officially) start licensing the Mac OS and Macintosh ROMs to 3rd party manufacturers who started producing Macintosh "clones". This was done in order to achieve deeper market penetration and extra revenue for the company. This decision lead to Apple having over a 10% market share until 1997 when Steve Jobs was re-hired as interim CEO to replace Gil Amelio. Jobs promptly found a loophole in the licensing contracts Apple had with the clone manufacturers and terminated the Macintosh OS licensing program, ending the Macintosh clone era. The result of this action was that Macintosh computer market share quickly fell from 10% to around 3%.
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- Oct 2019
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eastcentraluniversity-my.sharepoint.com eastcentraluniversity-my.sharepoint.com
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market built on socioeconomic inequity,
Some markets only work because of this inequity. These are not necessarily markets we should encourage, even if they claim to be "free".
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- Sep 2019
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One widely circulated report this summer—which appears to have caught Mr. Trump’s attention—estimates that China shed five million industrial jobs, 1.9 million of them directly because of U.S. tariffs, between the beginning of the trade conflict and the end of May this year.
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That isn’t insubstantial. But it is still small compared with China’s urban labor force of 570 million. It also represents a slower pace than the 23 million manufacturing jobs shed in China between 2015 and 2017, according to the report, published by China International Capital Corp., an investment bank with Chinese state ownership.
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The Fed offered $30 billion of reserves maturing Oct. 8, receiving $62 billion in bids from banks offering collateral in the form of Treasury and mortgage securities. Banks bid for $32 billion more than the amount offered by the Fed. In a second offering, the Fed added $75 billion in overnight reserves, with banks bidding for $80.2 billion, or $5.2 billion more than was available.
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- Aug 2019
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“Pension funds can’t match their liabilities with where rates are today so they have to hope that equity markets will continue to rally,” he says.
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- Jun 2019
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alo.mit.edu alo.mit.edu
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volatility and leverage are co-determined and arepro-cyclical; that is, together, they amplify the impact ofshocks. The mechanism, to be specific, is that decliningvolatility reduces the cost of taking on more leverage andfurthers a buildup of risk. The lesson: Risk managers mustresist the temptation to sell volatility when it is low andfalling. The AMH implicitly embraces modeling suchbehavior with heterogeneous agents that use heuristics.
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- Mar 2019
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www.washingtonpost.com www.washingtonpost.com
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Roth, now 67, gravitated to matching markets, where parties must choose one another, through applications, courtship and other means. In 1995, he wrote a mathematical algorithm that greatly improved the efficiency of the system for matching medical school graduates to hospitals for their residencies. That work led him to improve the matching models for law clerkships, the hiring of newly minted economists, Internet auctions and sororities. “I’m a market designer,” he says. “Currently, I’m focused on kidneys. We’re trying to match more donor kidneys to people globally.”
Interesting for many, many fields.
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- Feb 2019
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www.ribbonfarm.com www.ribbonfarm.com
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it does not operate by a thoughtful consideration of local/global tradeoffs, but through the imposition of a singular view as “best for all” in a pseudo-scientific sense
Similar to how some would "fix" economic inefficiencies with a legible imposed system, instead of just letting the market work.
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- Oct 2018
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rooseveltinstitute.org rooseveltinstitute.org
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allred720fa18.commons.gc.cuny.edu allred720fa18.commons.gc.cuny.edu
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Canton
Voyage of the Empress of China, 1784. See this site for a detailed history of early US-China trade.
A passage in Chapter 1 of Moby Dick describes a vigorous trade with the far East: “Posted like silent sentinels all around the town, stand thousands upon thousands of mortal men fixed in ocean reveries … some looking over the bulwarks of ships from China.”
However, trade between China and the U.S. commenced in 1784, just after the Treaty of Paris was ratified; by 1799, when Benito Cereno is set, it would still have been a relatively young trading relationship, especially considering the lengthy sea voyages required.
Principal commodities exchanged included the items mentioned by Capt. Delano (silks, sealskins, coin (specie), as well as ginseng tea, porcelain "China ware," lead, and cotton goods.<br>
A.D. Edwards, Empress of China at Mart's Jetty, Port Pirie, 1876
-- Robert Bennet Forbes, Remarks on China and the China Trade. Samuel N. Dickinson, printer, 1844.
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- Sep 2018
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Portfolio flows into emerging markets slowed sharply in August to $2.2 billion from $13.7 billion in July, the Institute of International Finance said.
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www.wsj.com www.wsj.com
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The selloff partly reflects a broader malaise in emerging markets. U.S. interest rate increases and a stronger dollar have lured cash back to America, often at the expense of developing economies. Some countries have come under additional pressure because of U.S. tariffs or sanctions, while economic turmoil in Turkey and Argentina have further fueled investors’ concerns.
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- Jul 2018
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www.yalelawjournal.org www.yalelawjournal.org
- Oct 2017
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freakonomics.com freakonomics.com
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The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there’s no way to beat the market. Now, that’s an extreme statement of the hypothesis, and the difficult part is actually developing tests of it because you have to say something about what the market is trying to do in setting prices.
The Efficient Market Hypothesis, in terms of Eugene Fama.
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- Jul 2017
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inst-fs-iad-prod.inscloudgate.net inst-fs-iad-prod.inscloudgate.net
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Today’s American youth are entering a labor market strikingly different from earlier generations. Over the last decade, global economic integration and the collapse of the Soviet Union have led to what economist Richard Freeman (2008) has called a “dou-bling” of the global labor market, from a pool of 1.46 to 2.93 billion. This has created a chronic shortage of jobs relative to those who seek them. The economic downturn that resulted from the 2007 financial panic has worsened this shortfall (see Figures 1 and 2).2
And the shortage of jobs will only increase with more automation.
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- Jun 2017
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lucumr.pocoo.org lucumr.pocoo.org
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I think it's natural for like-minded people to group together but the longer that process continues the more of an echo chamber it becomes. What's worse is the longer you wait to try to get people involved in the project that would naturally not try to join the harder it will be. When your team is 4 men, the first woman which joins will make a significant impact. When your team is already 20 men you need to get a lot more women on board to have the same impact. But it's not just gender that is making a difference, it's in particular cultural backgrounds. The reason Unicode is hard is not because Unicode is hard, but because a lot of projects start out with a lack of urgency since many of the original developers might live in ASCII constrained environments (It took emojis to become popular for people to develop a general understanding of why Unicode is useful in the western world).
First time I've seen the slowness of emoji to be presented as a diversity issue. Given how well used they are, it's a good example of how diverse teams miss features that may seem obvious in retrospect.
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- Jun 2016
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fractastical.github.io fractastical.github.io
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known to be effective: prediction markets
Known by whom? In what circumstances? These are key points.
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- Jun 2015
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medium.com medium.com
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8 Profound Marketing Lessons I Learned From Selling at a Food Market
A great article of basics for any stall-holder, the lessons can easily be applied to non-food...
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- Apr 2015
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Local file Local file
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Despite their frequent use of the word ‘democra - tization’, such efforts are profoundly anti-democratic, insisting that the introduction of devices and software by a self-identified technocratic elite trumps duly-enacted laws and law enforcement mechanisms, and that a kind of market – a market in adoption of such services – is the exclusive method society should use to judge the provision of these services.
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