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Mansfield, Harvey. "Niccolò Machiavelli". Encyclopedia Britannica, 30 Apr. 2024, https://www.britannica.com/biography/Niccolo-Machiavelli. Accessed 8 May 2024.
1)The most consistent politicians don’t get to the highest office(President):
Britannica, The Editors of Encyclopaedia. "Ron Paul". Encyclopedia Britannica, 29 Apr. 2024, https://www.britannica.com/biography/Ron-Paul. Accessed 8 May 2024.
McNamee, Gregory Lewis. "Bernie Sanders". Encyclopedia Britannica, 8 May. 2024, https://www.britannica.com/biography/Bernie-Sanders. Accessed 8 May 2024.
2)Liberals correctly interpret authority as necessary evil thus, liberalism is the dominant ideology
Preprint Nuance
Preprint Nuance 2
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According to different sources consulted, Niccolò Macchiavelli was an Italian philosopher, politician, and writer born in Florence on May 3, 1469. He is often accused of being cynical, but his legacy in political history is significant. Let's look at some key aspects:
1. Political Realism: Machiavelli emphasized the importance of state stability and the need to understand politics as it was, not as it should be. His work "The Prince" is a treatise on power and governance, where he argues that leaders must make pragmatic decisions based on reality, even if that involves morally questionable actions.
2. The End Justifies the Means: Machiavelli maintained that, in politics, the end justifies the means. Leaders must be willing to take drastic measures if it benefits the state or the ruler. This idea has influenced political leaders and theorists throughout the centuries, although it has also been very controversial.
3. His Role in History: Machiavelli was an official of the Florence Republic and held the second chancellor position. Despite not always being successful in politics, he managed to reconquer Pisa in 1509, a vital port for the Florentine republic.
In short, Machiavelli was a keen observer of human nature and a defender of political realism. His legacy endures in political thought and continues to be the subject of study and debate today.
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At least in the economic arena, by this time the norm should have been green microeconomics and green macroeconomy since 2012 Rio +20 as the tools to be taught to deal with the environmental crisis as consensus on paradigm change to green market, green growth, and green economies was reached/RIO +20 Conference/UNCSD 2012, but traditional economic thinking and traditional macroeconomic thinking is still the norm, which means that universities knowingly or not are normalizing paradigm shift avoidance, and blocking the growth of knowledge a la Thomas Kuhn; and this raises the question: Paradigm shift avoidance and universities, do they have a duty to science based paradigm evolution of knowledge?
what do you think?
Simply state Yes and give your opinion on why you think Yes or say No, and state your opinion on why you think No.
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Alexander, thank you for taking the time to comment.
David did not answer the question directly, yet I politely still reply to him as he at least express his opinion.
The question is about green market paradigm shift avoidance since 2012 Rio +20 and university duties to the growth of science based knowledge that leaves traditional economic thinking behind, and you have not tried to answer the question at had here, which is: Paradigm shift avoidance and universities, do they have a duty to science based paradigm evolution of knowledge?
What is your opinion, Yes and why you think so or No and why you think so.
Then we go from there.
Respectfully yours;
Lucio
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How should a system be built to verify the level of “greenness” of companies and enterprises in order to effectively systemically limit the development of greenwashing?
How should a system be built to verify the level of “greenness” of companies and enterprises, the level of factually inconsistent portrayal in the media and advertising campaigns carried out by business entities as green, pursuing sustainable development goals, respecting norms and standards for the protection of the climate, biosphere and environment, in order to effectively systemically limit the development of greenwashing?
As the level of pro-climate and pro-environmental awareness of citizens increases, so does the number of companies and enterprises that portray themselves in advertising campaigns as business entities pursuing specific sustainable development goals, in line with the trends of green transformation of the economy. To a large extent, these issues are highly correlated with each other and act in feedbacks to each other. On the one hand, the growing level of pro-climate and pro-environmental awareness of citizens motivates business entities to add to their missions and development strategies the issue of achieving sustainable development goals, undertaking business ventures that are part of the green transformation of the economy. On the other hand, in a situation where more and more companies, enterprises, financial and public institutions are presenting themselves as green business entities presenting in various brand promotion activities and advertising campaigns informing about the company's product and/or service offerings also descriptions and characteristics of green business ventures, presenting the business entity's implementation of certain sustainable development goals and green investment projects undertaken, where they develop their own energy sources based on renewable and emission-free energy sources, building wastewater treatment plants so as not to generate waste that pollutes the environment, developing and improving waste segregation and recycling techniques, carrying out economic projects involving environmental reclamation and restoration in post-industrially degraded areas, reforestation of industrially exploited areas and implementation of other green economic activities that are part of the processes of green transformation of the economy. however, as an institutional system for assessing the level of “greenness” of the aforementioned activities presented as realizing the goals of sustainable development and/or being part of pro-climate, pro-environmental, pro-ecological economic ventures has still not been built, so a significant number of business entities are overemphasizing the issue of presenting themselves in the framework of company brand promotion campaigns as green entities implementing ventures that are part of the green transformation of the economy. In recent years, there has been a strong increase in the number of companies, enterprises and financial institutions that portray themselves as green economic entities pursuing certain goals, including pro-environmental and pro-climate sustainability goals, while the scale of real activities in this regard is negligible or almost nonexistent. In addition, the introduction of mandatory expanded, non-financial ESG reporting motivates business entities to pursue green business ventures, which are often not green in reality. This is because a system of verification of the level of “greenness” of companies and enterprises, the level of factually inconsistent portrayal in the media and advertising campaigns carried out by business entities as green, pursuing sustainable development goals, respecting norms and standards for the protection of the climate, biosphere and environment, has still not been built to effectively systemically reduce the development of greenwashing, i.e. the so-called “eco-cheating”, eco-lying.
I am conducting research on this issue. I have included the conclusions of my research in the following article:
I invite you to discuss this important topic for the future of the planet's biosphere and climate.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How should a system be built to verify the level of “greenness” of companies and enterprises, the level of factually inconsistent portrayal in the media and advertising campaigns conducted by business entities as green, pursuing the goals of sustainable development, respecting norms and standards for the protection of the climate, biosphere and environment, in order to effectively systemically limit the development of greenwashing?
How should the system of verification of the level of “greenness” of companies and enterprises be built in order to effectively systemically limit the development of greenwashing?
What do you think about this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text, I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
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Dariusz Prokopowicz great topic!
"How should the system of verification of the level of “greenness” of companies and enterprises be built in order to effectively systemically limit the development of greenwashing?"
In the EU: Proposal for a
DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
on substantiation and communication of explicit environmental claims (Green Claims Directive)
'Choice of the instrument: a Directive.'
and more info under 6.2.Requirements on substantiation of environmental claims https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2023%3A0166%3AFIN
Related as well: the role of advertisement agencies.
Did you see this report by Planet Tracker?
'Environmental Impact Analysis Reveals Advertising Agencies’ Silent Complicity'
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1. World Order has shown changes, especially after 2020 in almost all major fields of Politics, Economics, Social, Geopolitical etc.
2. Where the world order in real is diverting?
3. What will be the ultimate outcomes?
4. The alteration & changes of systems on Earth will change anything in Space?
5. Which systems will lose centuries-long grounds and what new will rise?
6. Is the current scenario being same as the Rise/Fall of Nations, Games of Thrones etc. or there is something significantly different this time?
7. Ultimately what impact will the Next World Order make on the entire human race and especially on the Bio-sphere?
8. How much was any World Order got impacted/formed/shaped through/by religious education directly/indirectly and why did such neuroplasticity/mind exercises base practices remain an integral part of World Orders in past? Can humans afford to continue past practices to build any new future?
9. What changes do you suggest in Next World Order, and Why?
10. Are Human going to accept defeat & surrender in front of Alien powers like gods, AIs, energy, any other life forms etc.?
11. How long more humans have the current status of rapidly shrinking freedom?
12. Will the current form of human life exist after such surrenders and what will be the expected shape of any of such life?
13. Its understood that human have to sacrifice current systems and life forms for existence, but, Is it necessary? Any workable solutions ?
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Weak!
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Just as in the case of greenwashing where people can get tricked because the word GREEN sounds good, the same can be said with respect to the current move from linear economic thinking to circular economic thinking where some people may be tricked because the word CIRCULAR sounds good.
But those familiar with science based revolutions a la Thomas Kuhn should be able to spot WHERE THE TRICK IS.
And this raises the academic question, Why the current move from linear economic thinking to circular economic thinking is inconsistent with Thomas Kuhn's paradigm evolution loop?
What do you think?
Can you see the inconsistency?
And hence, can you see the trick?
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You can summarized your comments using Kuhn's language: IT DOES NOT REMOVED THE ADNORMALITIES AFFECTING THE SUSTAINABILITY OF ITS PREVIOUS FORM, which means it circular economy is a pollution production market just as the linear was and is.
I am bringing new ideas in my next few papers to understand these issues in simple terms to add to the growth of knowledge, regardless of whether it is ignored or not.
If you have a flawed paradigm FLP = AiT and a golden paradigm GOP = T and you subject them both to the Thomas Kuhn's paradigm transformation loop(TKPTL) under academic integrity AND no paradigm shift knowledge gaps you get the following results:
I[A1]
TKPTL(FLP = AiT)----------->GOP = T
TKPTL(GOP = T)------------->GOP = T
NOTICE, the TKPTL loop removes the abnormalities Ai from the flawed paradigm through externality internalization to transform it in the end into the golden paradigm, where the knowledge that work in the flawed paradigm is left behind as it does not work in the golden paradigm world. There are no abnormalities to be removed from golden paradigms. I have published on how this works and a new paper is coming out focused on the move to circular economic thinking as a status quo paradigm deep double down to scape the thomas kuhn's paradigm transformation loop.
See that in the case of the linear traditional FLP = TM = aBc, we can subject it to the thomas kuhn's loop and based on priorities we reach different golden paradigm structure, that can be used as step by step evolution or a one step evolution: for example, if the social issue is the priority removal, then you first go to a red market/socially friendly capitalism, and then you need to remove the environmental externality to end up in the sustainability market, or if the enviromental issue is the key issue to remove first, you go to green markets, and then the need to remove the social abnormality leads you again to sustainability markets or if you make removal of both social and environmental abnormalities the priority as the WCED 1987 SHOULD HAVE DONE, we would had go in one step to setting up sustainability markets.
TKPTL1(FLP = TM = aBc) -------> different routes towards
sustainability markets
Since going from the traditional market structure(TM = aBc) to the circular traditional market structure (CTM = aBc) does not removed the socio-evironmental abnormalities the WCED 1987 said should be addressed by placing traditional economic thinking under full social and environmental responsibility and inclusion....
So the move: traditional market to circular traditional market
TM = aBc------------------->CTM = aBc
Not consistent with TKPTL as the abnormalities that are the problem are still the problemI[Ai = 0), which means that the move to circular economic thinking assumes Thomas Kuhn's paradigm transformation loop NEUTRALITY.
not consistent with TKPTL as I[Ai = 0)
TKPTL(FLP = TM = aBc)-------------------->CTM = aBc
I appreciate your interaction Stephen
Respectfully yours;
Lucio
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Those familiar with that greenwashing is and the consequences of greenwashing should be able to see whether the answer to the question is short yes and why or a short no and why no without contradicting themselves while answering.
What do you think the answer is? Yes and why or No and why no.
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Yes, Lucio Muñoz ,because the linear economic thought model is still dominant as per applied accounts of the society.
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Whites(more specifically Northwestern Europeans) are the most privileged, least indigenous and most recessive, MAYBE all because they are the last derivative people.
Sources:
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could you pls explain it in a little more detail -- what exactly is meant by the last derivative?
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Can you see the why? If yes. please share your thinking.
Note:
You need to understand first what was wrong with traditional market thinking, which 1776-1987 had led to a critical socio-environmental sustainabiility problem as indicated by WCED 1987/Our Common Future
This is an academic question, not a political one.
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The following link could be of interest for your research project, dear Lucio Muñoz .
Have recommended your research article on paradigms; my focus is on economic methodology, i.e. am in support of your assumptions.
Wishing you continued success ! Best: stephen
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Are capitalists responsible for pyramid scheme?
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Yes, it is possible to have a pyramid scheme without capitalism. Pyramid schemes are fraudulent investment schemes where returns are primarily generated by recruiting new participants rather than from legitimate business activities or investments. These schemes can exist in various economic systems, not just capitalist ones.
Pyramid schemes can emerge in any economic environment where there is a lack of regulation, oversight, or enforcement against fraudulent practices. They are fundamentally unsustainable and rely on a constant influx of new participants to pay returns to earlier investors. Eventually, they collapse when it becomes impossible to recruit enough new participants to sustain the scheme.
While pyramid schemes are often associated with capitalist economies due to the focus on profit and individual gain, they can also occur in other economic systems, including socialist or communist ones. In such systems, pyramid schemes might exploit social networks or community ties rather than purely financial motivations.
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Why parsimoniously does fertility negatively correlate with socioeconomic status? How?
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Overall, the negative correlation between fertility and socioeconomic status can be attributed to a combination of economic, educational, cultural, and structural factors that shape individuals' reproductive choices and opportunities. Understanding these mechanisms is essential for policymakers, healthcare providers, and social scientists seeking to address disparities in reproductive health outcomes and promote equitable access to family planning resources.
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With these stats probably A LOT:
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Of course, a lot. Not only in the USA, buddy
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Me encuentro realizando una investigación sobre La Historia del Comercio Internacional de Colombia, En el Primer capítulo me encuentro abordando los imperios Latinoamericanos precoloniales como el Azteca, Inca y Maya; busco información relacionada en temas Geopolíticos, Económicos y similares de Latinoamerica Precolonial.
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Hola Carlos R. Barrera-Chaupis, te agradezco mucho por la información suministrada e igualmente por el consejo sobre la delimitación, entorno a la Historia del Comercio Internacional Colombiano en este primer capítulo busco desarrollar la Economía y Geopolítica precolonial de América Latina con el fin de determinar las principales instituciones, datos de la actividad productiva de los diferentes territorios, ordenamiento territorial y/o politicas territoriales para posteriormente hacer un seguimiento de estas variables y evidenciar su evolución e influencia en la HCIC.
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How do I monetize my ResearchGate account?
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Hi Alex. I do not believe Researchgate would help you to get money as such. And by asking this question, the probability of your doing that is getting even lower. The best advise for you would be to make a serious research proposal about the subject you like the most.
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How do I monetize my ResearchGate account?
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Monetizing a ResearchGate account directly isn't typically feasible, as ResearchGate primarily serves as a platform for researchers to share and collaborate on academic publications and research. However, there are several indirect ways you might leverage your ResearchGate account to generate income:
  1. Consulting Services: If your research expertise is in demand, you can offer consulting services to individuals, companies, or organizations. Your ResearchGate profile can serve as a portfolio showcasing your expertise and publications, which can attract potential clients.
  2. Speaking Engagements: Use your ResearchGate profile to showcase your expertise in your field, which can help you secure speaking engagements at conferences, workshops, or events. Speaking fees can be a source of income.
  3. Writing Opportunities: Your ResearchGate profile can help establish your credibility as a writer in your field. You might be approached to write articles, blogs, or chapters in books, which can provide opportunities for income generation.
  4. Collaborative Research Projects: ResearchGate is a platform for networking with other researchers. By connecting with other professionals in your field, you might find opportunities for collaborative research projects that could lead to grants, funding, or royalties.
  5. Teaching or Training: If you have expertise in a particular subject area, you can offer online courses, workshops, or training sessions. Your ResearchGate profile can help establish your credibility as an expert in your field, attracting students to your courses.
  6. Affiliate Marketing: While not directly related to ResearchGate, you might use your expertise to recommend relevant products or services related to your field through affiliate marketing programs. You can share affiliate links on your website or social media channels, leveraging your ResearchGate profile to attract an audience.
  7. Writing Grants: Your ResearchGate profile can serve as evidence of your expertise and track record in your field, which can strengthen your grant applications. Securing grants for research projects can provide income and support your academic pursuits.
Remember to always comply with ResearchGate's terms of service and any applicable ethical guidelines when leveraging your profile for income-generating activities. Additionally, ensure that any activities you pursue align with your academic and professional goals.
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AD Scientific Index is a reliable quality measure or a valuable tool for assessing institution and research quality, so it could soon become a significant factor in assessing both institutions and researchers.
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Yes you are absolutely right but some students donot know about the right indexing journals
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It is a systemic problem of adapting human higher education towards the Information Age, e.g. reinventing university, college and research institutions. You Alexander Ohnemus are right to observe that debt, unemployment and stagnation come in one delivery, in economic and scientific terms.
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How would you start your own accredited university?
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Why would you even want to do that?
For most jobs, it's about your active skill set and agility to learn fast what the job at hand requires.
If you had the choice of two candidates: one, a rich kid who sat out their time at Harvard and got their very expensive, prepackaged, Computer Science degree. Or a much poorer kid who had to work their way up by programming for various start-ups and collected a well-thought-through portfolio of online MOOCs certificates. Like with the https://www.khanacademy.org/ for free and others at a mere fraction of a Harvard education.
Which candidate would you choose?
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The question is what does the notion “poor” mean. To me conditions matter.
Best regards,
Kamil.
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I’ve been trying to login multiple times but, I keep failing.
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1. Technical problems: The platform might be going through maintenance or having technical problems, which could interfere with the login procedure. It is best to ask for help from the platform's support staff in such circumstances.
2. Incorrect login information: Verify that the username and password you are entering are correct. In the event that you lose your login information, you can typically utilise the platform's password recovery feature to get back in.
3. Account activation: To use certain platforms, users must go through a verification process, like clicking on an email link, to activate their accounts. Your ability to log in may be blocked if the activation process is not finished.
4. Browser or device compatibility: Some platforms might need particular web browsers or devices to work properly, or they might have compatibility problems. To see if that fixes the login problem, try utilising a different browser or device.
5. Security measures: A platform may occasionally make the login process more difficult if it has added extra security measures like two-factor authentication (2FA). In order to successfully finish the authentication process, make sure you adhere to the given instructions.
For help, I suggest contacting Qeios customer support if you are having trouble logging in consistently. They will be able to answer any questions you might have and offer you specific advice.
@salomebukachi
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Am in support of your provided data Alexander Ohnemus
Imo, Jesse Daniel Brown has given a reasonable explanation of the university (financing) problem, in terms of economic organization of academia.
With respect to his prediction, formulated in the last sentence, I do also think that the information age will change education and research drastically, also in terms of accreditation standards, i.e. access to higher learning and earning pathways.
___________
The real University, he said, has no specific location. It owns no property, pays no salaries and receives no material dues. The real University is a state of mind. It is that great heritage of rational thought that has been brought down to us through the centuries and which does not exist at any specific location. It's a state of mind which is regenerated throughout the centuries by a body of people who traditionally carry the title of professor, but even that title is not part of the real University. The real University is nothing less than the continuing body of reason itself. In addition to this state of mind, 'reason,' there's a legal entity which is unfortunately called by the same name but which is quite another thing. This is a nonprofit corporation, a branch of the state with a specific address. It owns property, is capable of paying salaries, of receiving money and of responding to legislative pressures in the process. But this second university, the legal corporation, cannot teach, does not generate new knowledge or evaluate ideas. It is not the real University at all. It is just a church building, the setting, the location at which conditions have been made favorable for the real church to exist.
Robert Pirsig,
Zen and the Art of Motorcycle Maintainance
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The Contingent Valuation Method is primarily used in environmental services. It is a survey tool employed to estimate the willingness to pay for intangible values in environmental services, such as recreation and ecosystems. Do you think it can be applied within the scope of Facilities Management? For instance, could it be used for servicescape upgrading in a commercial building, such as enhancing the business environment?
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Saya tidak kompeten untuk menjawab
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How do we define heritage, and who decides its parameters? Scholars have pointed out that heritage is a dynamic process and not a mere monumental object.
Part of this "anti-monumentalist" approach is our appreciation of heritage. Hence, the question is: Can heritage be found in non-heritage contexts?
What if we look at our socio-economic dynamics? Let's say, we take a look at the spontaneous movement of people through an outdoor market, or a public bus moving through the metropolis, or a street football pitch?
Is heritage only associated with a specific timeline? Is it culturally justified?
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The aswers are very correct, and me considerate to exist one radicality betwen city and heritage. In this context, if exit heritage or not, the accesibility for the people existent, are very importante for break this border. The territories are diferents, but analogs for the people-habitants
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The growth of science based knowledge or contribution to knowledge a la Thomas Kuhn is foward looking as FLAWED paradigms(STATUS QUO) enter the Kuhn's paradigm evolution loop under academic integrity, where abnormalities are removed to solve critical problems like social and/or environmental sustainability problems leading to new paradigms and knowledge as the old knowledge base is left behind, backward moves and paradigms avoidance moves are inconsistent with Thomas Kuhn's thinking.
Therefore, the move from a flawed paradigm backwards in the face of critical social and/or environmental problems is ao flawed paradigm to another even more flawed paradigm.
We know formally since 1987 WCED that the traditional market thinking/linear market thinking was a flawed paradigm socially and environmentally. Hence a move from linear economic thinking to circular economic thinking is a move from a flawed paradigm to a flawed paradigm without forward looking growth of scientific knowledge a la Thomas Kuhn as the status quo paradigm/linear traditional market goes into DEEP double down flawed paradigm/circular traditional market regardless of the history of economic thought 1987-2023.
And this raises the question: Will the move from linear to circular economic thinking be remembered in the historty of economic thought as a backward deep paradigm double down?
What do you think? If No, why do you you think so? If Yes, why do you think so?
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Dear Stephen, then you could have said that the answer is yes, as what you described there are the characteristics of the BACKWARD DEEP PARADIGM DOUBLE DOWN as it is a move inward from a flawed paradigm to a flawed paradigm, a move that can only work under a break in academic integrity and academic tunneling as it is technically paradigm tunneling.
The reason why I asked the question is that I know there are people that know what is going on as you do, but let things go uncalled,,,,you have seen I guess the coordinated push, specially as seen in researchgate without those who know calling it out as it is and not allow those promoting the ideas to do it in the name of economics as backwasrd paradigm double downs are not science based moves.
For instance, from my point of view, all economists that came after Adam Smith and who did not call attention to the fact that you can not expect economic growth without creating social and economic externalities, yet THEY KEEP SILENT until the WCED 1987 call it WRONG and in need of fixing,,,,, KEYNESS know or should have known too that the original assuptions were wrong so any work or nobel prize based on wrong assumptions has been part of the knowledge that exacerbated the consequences of the original wrong assumptions as they knew or should have known that there was a need to internalize the cost of those externalities, but keep working on addressing those externalities from the outside....So following your thinking and quotation, Keynes was among those practical men and / or defunt economists that you imply.
I am working on a series of articles on forward and backward paradigm moves to close the knowledge gap that preven the average person to understand those moves, including paradigm shift avoidance moves, in simple terms, coming later this year
Have a nice day
Lucio
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Hi fellows,
I am looking for two co-authors for a research project (50% done) that will be submitted to The 2024 15th International Conference on E-business, Management, and Economics (ICEME 2024, https://www.iceme.org/index.html). It is an excellent opportunity to come and visit China.
The topic's focus is Multinational Corporations (MCs), and the offer is valid until February 20th (11:59 pm, China time).
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Sure, Viorel. Thank you for your reply.
I will share ongoing research with you shortly, and we will continue from there.
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Doubling down on the traditional economic thinking that as documented by the WCED 1987 led to the critical social and environmental sustainability problems of the day they tried to fix with sustainable development thinking and according to the UNCSD 2012 Rio +20 had led to the environmental sustainability problem they prioritized to fix with green market thinking or to manage it through dwarf green market thinking, just by making it circular. If you bend a line with dots as problems and make it a circle, the circle still has the dots problems that are or were on the line
.
Hence, defining traditional economic thinking as circular does not solve the problems associated with it and it goes against the paradigm evolution rules that Thomas Kuhn advance as IT GOES FROM STATUS QUO PARADIGM(Broken circularity by assumption based traditional economic thinking/Economy only market) TO STATUS QUO PARADIGM(Circularity based traditional economic thinking/Economy only market) WITHOUT REMOVING THE ABNORMALITIES CREATING THE SUSTAINABILITY PROBLEMS ASSOCIATED WITH THE WORKING OF THE STATUS QUO PARADIGM, abnormalities that now 2024 are in worse state than in 1987.
Just calling something green does no make it environmentally friendly like defining pollutants as non-pollutants does not make them environmentally friendly, they are still pollutants or just by calling a pollution production market a circular market does not stop it from being a pollution production market.
Going from linear traditional capitalism to circular traditional capitalism when we should be in higher level paradigms as the WCED 1987 indicated as the social and environmental system continue to deteriorate to extreme points feeds in the pretending story that is being used and will be used to justify overthrowing capitalism to save society and the environment from total destruction from, what it will be called, by an out of control circular capitalism.
And this leads to the question, should we expect the imposition of circular economy-based capitalism to lead to a tsunami of different types of Marxism threats in the future all over the world as social and environmental systems deteriorate to critical points?
I think Yes, what do you think?
Notice, this is an academic question, not a political one
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Dear Trung thank you for commenting. Linear economy based capitalism/traditional market thinking had a social sustainability gap and an environmental sustainability gap, but since in 1848 when Karl Marx came out with the red marxism idea the environmental issue was not a critical issue so he used the social sustainability gap as a point of entry to flip capitalism thinking from economic freedom without equality to social equality without freedom.
In 1987 when the WCED advised us to go sustainable development thinking to leave fully socially and environmentally unfriendly economies behind.....we are now back to instead of linear traditional economies circular economies, with social and environmental sustainability gaps still embedded in them as going from linear to circular does not fixed the embedded sociall and environmental unfriendliness as social issues and environmental issues ARE EXTERNAL FACTORS to traditional economic thinking, be it linear or circular.
The existence of social and environmental sustainability gaps means that the circular economy will face red marxism treats or green marxism threat or yellow marxism threats each using the specific sustainability gap they need as point of entry and flip.
So if going circular is part of pretending to be socially and environmentally friendly and the social and environmental sustainability gap get worse and worse as the circular market expands as expected, then the threats will become if not really, real pressure point for paradigm shift to higher level models like green market, red markets, or sustainability markets.
Time will tell.
Thank you for commenting
Lucio
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A human can only aspire to fluency in so many different languages before mixing up words due to code switching. Thus, MAYBE those who cannot learn so many languages turn to linguistics and coding to earn money.
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Some ideas and associations:
You state “human can only aspire to fluency in so many different languages before mixing up words due to code switching”. I don’t know if this is true at all. On what research is it based? In my own situation, I am fluent in 5 languages and do not mix up words or get confused to which language a word belongs to.
Fluency in language corresponds to numeracy, that has been demonstrated. Children who are read a lot of stories in pre-school, for example, were no better in general subjects compared to other children, but they were better at maths later on. Both implicate logical thinking. Without logical thinking humans cannot string words into a longer narrative either.
People choosing coding or computer sciences may prefer to work individually and not in groups. That is a different dynamic, social vs solo, than proficiency at languages.
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Direct confrontation often ONLY generates resentment. I think my premises, although somewhat derived from philosophy(as all science is), are rigorous(examples are all my publications on ResearchGate). I come to my conclusions with EMPIRICAL evidence AND logic. I also still seek a PhD by publication.
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Dear Alexander Ohnemus very good point. Please make sure you contact a university that has the option to complete a PhD by publications and discuss what could go towards or not that degree.
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How can artificial intelligence help conduct economic and financial analysis, sectoral and macroeconomic analysis, fundamental and technical analysis ...?
How should one carry out the process of training generative artificial intelligence based on historical economic data so as to build a system that automatically carries out economic and financial analysis ...?
How should the process of training generative artificial intelligence be carried out based on historical economic data so as to build a system that automatically carries out sectoral and macroeconomic analyses, economic and financial analyses of business entities, fundamental and technical analyses for securities priced on stock exchanges?
Based on relevant historical economic data, can generative artificial intelligence be trained so as to build a system that automatically conducts sectoral and macroeconomic analyses, economic and financial analyses of business entities, fundamental and technical analyses for securities priced on stock exchanges?
The combination of various analytical techniques, ICT information technologies, Industry 4.0/5.0, including Big Data Analytics, cloud computing, multi-criteria simulation models, digital twins, Business Intelligence and machine learning, deep learning up to generative artificial intelligence, and quantum computers characterized by high computing power, opens up new, broader possibilities for carrying out complex analytical processes based on processing large sets of data and information. Adding generative artificial intelligence to the aforementioned technological mix also opens up new possibilities for carrying out predictive analyses based on complex, multi-factor models made up of various interrelated indicators, which can dynamically adapt to the changing environment of various factors and conditions. The aforementioned complex models can relate to economic processes, including macroeconomic processes, specific markets, the functioning of business entities in specific markets and in the dynamically changing sectoral and macroeconomic environment of the domestic and international global economy. Identified and described trends of specific economic and financial processes developed on the basis of historical data of the previous months, quarters and years are the basis for the development of forecasts of extrapolation of these trends for the following months, quarters and years, taking into account a number of alternative situation scenarios, which can dynamically change over time depending on changing conditions and market and sectoral determinants of the environment of specific analyzed companies and enterprises. In addition to this, the forecasting models developed in this way can apply to various types of sectoral and macroeconomic analyses, economic and financial analyses of business entities, fundamental and technical analyses carried out for securities priced in the market on stock exchanges. Market valuations of securities are juxtaposed with the results of the fundamental analyses carried out in order to diagnose the scale of undervaluation or overvaluation of the market valuation of specific stocks, bonds, derivatives or other types of financial instruments traded on stock exchanges. In view of the above, opportunities are now emerging in which, based on relevant historical economic data, generative artificial intelligence can be trained so as to build a system that automatically conducts sectoral and macroeconomic analyses, economic and financial analyses of business entities, fundamental and technical analyses for securities priced on stock exchanges.
I described the key issues of opportunities and threats to the development of artificial intelligence technology in my article below:
OPPORTUNITIES AND THREATS TO THE DEVELOPMENT OF ARTIFICIAL INTELLIGENCE APPLICATIONS AND THE NEED FOR NORMATIVE REGULATION OF THIS DEVELOPMENT
In view of the above, I address the following question to the esteemed community of scientists and researchers:
Based on relevant historical economic data, is it possible to train generative artificial intelligence so as to build a system that automatically conducts sectoral and macroeconomic analyses, economic and financial analyses of business entities, fundamental and technical analyses for securities priced on stock exchanges?
How should the process of training generative artificial intelligence based on historical economic data be carried out so as to build a system that automatically carries out sectoral and macroeconomic analyses, economic and financial analyses of business entities, fundamental and technical analyses for securities priced on stock exchanges?
How should one go about training generative artificial intelligence based on historical economic data so as to build a system that automatically conducts economic and financial analyses ...?
What do you think about this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best regards,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
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I believe AI can enhance transparency and reduce information asymmetry at the societal level, making life more convenient. In terms of economic development, it can improve production efficiency, promote innovation and entrepreneurship, increase income levels, and serve as the foundation for a country to undergo a new industrial revolution, furthering global integration. In a way, I think it also represents a significant advancement in human civilization! However, as with any emerging phenomena, it's crucial to consider the potential harms it could bring to humanity and to undertake proactive measures.
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I no longer feel attracted to women nor men. I prefer robots. Liberals rightfully oppose racial animosity while acknowledging heritability to further DEI. If I make a controversial claim and no one directly opposes it then they may be silently agreeing. For right or wrong "As (insert morally superior identity) then argument" translates to "my word has more credibility because of my identity." As one of the MOST disliked people by the Nazis, I opine about race relations. Whether overt or covert, North Western Europeans("NWE") are highly eugenic and or transhumanist, hence in their most exclusionary known ideology (Nazism) they especially want to either castrate and or kill people that look like them yet have subtle non-NWE ancestry and or disabilities. Because subtle non-NWE ancestry and disabilities are both possibly hereditary. I have both subtle non-NWE ancestry and at least one(maybe multiple) disabilities(all probably hereditary), hence my right to opine about race relations. Few actually believe in martyrdom and would go through with it. A true martyr would be fired for holding integrity, courage and honor all over reputation. I will respect the authority for the common good. I also am not heterosexual, thus adding to my right to opine about race relations. My asexuality may make me a better Catholic because I seek to be fruitful and multiply(via robot sex) without acting on lust. Sir Francis Galton(Anglo Liberal and Darwin's cousin) invented eugenics. Sir Julian Huxley(Anglo Liberal, both brother of author Aldous Huxley and grandson of Darwin's Bulldog(TH Huxley) started the transhumanist movement. Sir Julian Huxley also coined the term transhumanism. Some argue principles only count if the actor's needs are met. I think principles only count if the actor's needs are met. Hence, I do not believe in nor practice martyrdom. Financial blackmail may be worse than the emotional kind because the latter usually comes from a less powerful person. More power means more potential culpability.
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Jn
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Warning somewhat of a pun: Being self-owned is often both literal and figurative because the autonomous often self deprecate.
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Good :) bit sad though
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You are probably familiar with the concept of greenwashing, which took relevance just before, on, and after 2012 Rio + 20/The future we want, where ENVIRONMENTAL RESPONSIBILITY TOOK THE FRONT STAGE.
Now 2024 traditional economic thinking has been resurrected after being left behind by the 1987/WCED/Our Common Future as it had the root cause of the socio-environmental sustainability problems they documented embedded in it, BY SIMPLY MAKING IT CIRCULAR. nothing else required related to the embedded problem still at play:
And this raises the question, Why circular economy thinking is more than greenwashing?
Any ideas? Feel free to share them.
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Dear Norberto, thank you for taking the time to right, so far all those promoting circular economic thinking now have replied with silent.
I am admirer of WCED 1987/Report Our Common Future as it was the FIRST TIME the academic community recognized formally that the externality neutrality assumption under which traditional market think works was wrong, and they called formally for going beyond TRADITIONAL ECONOMIC THINKING as usual to address the social and environmental issues they documented head on; and be able to internalize that way social and/or environmental issues using higher level ways of economic thinking where they are endogenous issues, not exogenous issues…WCED 1987 did not say GO CIRCULAR TRADITIONAL ECONOMIC THINKING as CIRCULARITY WAS NOT THE PROBLEM as they knew that TRADITIONAL ECONOMIC THINKING IS AND HAS BEEN CIRCULAR SINCE 1776 BY ASSUMPTION ONLY due to that externality neutrality assumptions mentioned above. I am also a formal academic critic of it as it had a sustainability problem, but they thought or acted as if they had a sustainable development problem.
Norberto, you need to know what was wrong with traditional economic thinking, to understand why the 1987 WCED told us to leave this thinking behind in order to fix or manage those issues in more responsible ways, and since making traditional economy thinking circular now by RECOGNIZING THAT SOCIAL AND ENVIRONMENTAL EXTERNALITIES ARE REAL AND THEY ARE STILL BEING EXTERNALIZED then both the linear traditional market and the circular traditional market are pollution production markets. See externalizing environmental costs when linear by assumption and when externalizing environmental cost when circular knowing now the cost are real you get the same environmental pollution problem the WCED 1987 documented.
Norberto, to understand what is hidden or left unsaid when using academic tunneling to push this circular economic thinking you need to read outside traditional economic thinking, linear or circular. Have you ever seen any of the following publications?
Thinking beyond business as usual ARTICLES available in Researchgate and Academia EDU
Muñoz, Lucio, 2020. Sustainability thoughts 101: What was wrong with the structure of Adam Smith’s traditional market model? What are the main implications of this?. Boletin CEBEM-REDESMA, Año 14, No.2, February, La Paz, Bolivia.
Muñoz, Lucio, 2010. What If Markets Have Always Been Distorted? Would It Then Be a Good Fix to Add Fair Trade Margins to Correct Distorted Agricultural Market Prices?, Journal of Sustainability, Issue 2, Number 4(Spring), Rio Rancho, New Mexico USA.
Muñoz, Lucio, 2012. Complex and Man-Made Markets: Are We Currently Approaching Sustainability in a Backward and More Chaotic Way in Terms of Economic Thinking?, In: The Mother Pelican Journal, Vol. 8, No. 8, August, Ed. Luis Gutierrez, PhD, USA.
Muñoz, Lucio, 2020. Sustainability thoughts 109: Linking perfect green market theory to the circular green economy, In: CEBEM-REDESMA Boletin, Año 14 Nº 7, La Paz, Bolivia.
Muñoz, Lucio, 2020. Sustainability thoughts 107: Comparing the structure of the circular green economy with that of the circular environmental externality management based economy to identify differences as well as to point out the market implications of these differences, Boletin CEBEM-REDESMA, Año 14, No.6, November, La Paz, Bolivia.
Muñoz, Lucio, 2021. Sustainability thoughts 110: Linking perfect red market theory to the circular red economy, In: CEBEM-REDESMA Boletin, Año 15 Nº 1, January, La Paz, Bolivia.
Muñoz, Lucio, 2021. Sustainability thoughts 111: Linking perfect sustainability market theory to the circular sustainability based economy, In: CEBEM-REDESMA Boletin, Año 15 Nº 2, February, La Paz, Bolivia.
Muñoz, Lucio, 2023. Sustainability thought 177: What are environmental pollution production markets, environmental pollution reduction markets, environmental pollution management markets and no environmental pollution production markets? How do they work?, In: CEBEM-REDESMA Boletin, Año 17, Nº 4, La Paz, Bolivia.
Muñoz, Lucio, 2000. " An Overview of Some of the Policy Implications of the Eco-Economic Development Market", In: Environmental Management and Health, Prof. Walter Leal Filho/PhD(ed), Vol. 11, No. 2, Pp. 157-174, MCB University Press.
Muñoz, Lucio, 2003. Linking Sustainable Development Indicators by Means of Present/Absent Sustainability Theory and Indices: The Case of Agenda 21, GDS, IIG, Spain
Muñoz, Lucio, 2009. Beyond Traditional Sustainable Development: Sustainability Theory and Sustainability Indices Under Ideal Present-Absent Qualitative Comparative Conditions, En: Mineria Sustentable, REDESMA, Vol.3(1), March, La Paz, Bolivia.
Muñoz, Lucio, 2010. "Introducing a Simple Qualitative Comparative Dichotomy Approach to State and Clarify Sustainable Development and Sustainability Related Concepts and Issues”, Journal of Sustainability, Issue 2, Number 4(Spring), Rio Rancho, New Mexico USA.
Muñoz, Lucio, 2023. Sustainability thought 183: How the structure of a bipolar world where developing countries have dwarf green markets and developed countries have green markets would look like? Which world would collapse first in an open system environment?, In: European Journal of Science, Innovation and Technology(EJCIT), Vol. 3, No. 5, Pp. 178-196, A.L. Publisher, ISSN: 278-4936.
Muñoz, Lucio, 2023. Sustainability thought 177: What are environmental pollution production markets, environmental pollution reduction markets, environmental pollution management markets and no environmental pollution production markets? How do they work?, In: CEBEM-REDESMA Boletin, Año 17, Nº 4, La Paz, Bolivia.
Muñoz, Lucio, 2023. Sustainability thought 176: Plotting the perfect market shifts and dwarf market shifts solutions to distorted traditional market pricing mechanisms in the same plane to point out the nature of remaining sustainability gaps under paradigm shift avoidance processes, In: International Journal of Latest Engineering and Management Research (IJLEMR), ISSN: 2455-4847, www.ijlemr.com, Volume 08, Issue 03, March, Pp. 39-50, India.
Muñoz, Lucio, 2023. Sustainability thought 179: Can we transition from the environmentally dirty economy to the environmental clean economy with the use of green markets? If Yes, why?, In: International Journal of Education Humanities and Social Science(IJEHSS), April-May 2023, Volume 6, Issue 02, Pp. 115-131, ISSN: 2582-0745, India.
Muñoz, Lucio, 2023. Sustainability thought 162: Can we transition from the environmentally dirty economy to the environmental clean economy with the use of dwarf green markets? If no, why not?, In: CEBEM-REDESMA Boletin, Año 17, Nº 2, La Paz, Bolivia.
Muñoz, Lucio, 2023. Sustainability thought 175: Contrasting the working of perfect market and of dwarf market solutions to distorted traditional market pricing mechanisms to point out the nature of sustainability black holes created under paradigm shift avoidance processes, In: CEBEM-REDESMA Boletin, Año 17, Nº 1, La Paz, Bolivia
Muñoz, Lucio, 2023. Sustainability thought 174: Using the sustainability market price to derive the three imperfect market ways to manage the consequences of distorted traditional market pricing mechanisms under externality cost management, In: International Journal of Latest Engineering and Management Research (IJLEMR), Vol. 8, Issue 1, January, Pp. 01-13, ISSN: 2455-4847, India.
Muñoz, Lucio, 2022. Sustainability thought 173: Using the sustainability market price to derive the three perfect market ways to correct distorted traditional market pricing mechanisms under externality cost internalization, In: CEBEM-REDESMA Boletin, Año 16, Nº 11, November, La Paz, Bolivia
Muñoz, Lucio, 2022. Sustainability thoughts 143: Pointing out the different roads towards sustainability markets when placing the traditional market model of Adam Smith under the Thomas Kuhn’s paradigm transformation loop analytically and graphically, In: CEBEM-REDESMA Boletin, Año 16, Nº 10, October, La Paz, Bolivia.
Muñoz, Lucio, 2022. Sustainability thoughts 140: How can the consequences of the 2012 green market paradigm shift avoidance move that led to the world of dwarf green markets of today be highlighted, including the green Marxism threat?, In: International Journal of Latest Research in Engineering and Technology(IJLRET), Vol. 8, Issue 10, Pp. 05-17, October, ISSN: 2454-5031, India.
Muñoz, Lucio, 2022. Sustainability thoughts 139: How can the 2012 road to transition from environmental pollution based traditional economies to the environmentally clean economies that the world never built be pointed out?, In: International Journal of Education Humanities and Social Science(IJEHSS), Vol. 5, No. 05, Pp. 65-77, ISSN: 2582-0745, India.
Muñoz, Lucio, 2023. Sustainability thought 179: Can we transition from the environmentally dirty economy to the environmental clean economy with the use of green markets? If Yes, why?, In: International Journal of Education Humanities and Social Science(IJEHSS), April-May 2023, Volume 6, Issue 02, Pp. 115-131, ISSN: 2582-0745, India.
Muñoz, Lucio, 2023. Sustainability thought 162: Can we transition from the environmentally dirty economy to the environmental clean economy with the use of dwarf green markets? If no, why not?, In: CEBEM-REDESMA Boletin, Año 17, Nº 2, La Paz, Bolivia.
Muñoz, Lucio, 2022. Sustainability thought 171: How to state the structure of the Thomas Kuhn’s paradigm evolution loop for the traditional market of Adam Smith when shifting to sustainability markets, to red markets, and to green markets under academic integrity?, In: CEBEM-REDESMA Boletin, Año 16, Nº 8, August, La Paz, Bolivia.
Muñoz, Lucio, 2022. Sustainability thought 170: What happens to the Thomas Kuhn’s paradigm evolution loop under willful academic blindness? What are the implications of this?, In: International Journal of Education Humanities and Social Science(IJEHSS), Vol. 5, No. 04, Pp. 251-260, ISSN: 2582-0745, India.
Muñoz, Lucio, 2021. Sustainability thoughts 128: How can the thinking behind sustainability based market expansions and traditional market based economic expansions be contrasted using pareto optimality thinking? How are these expansions linked to sustainability gap dynamics?, In: International Journal of Education Humanities and Social Science(IJEHSS), March – April 2021, Volume 4, Issue 2, Pp. 37-57, ISSN: 2582-0745, India.
Muñoz, Lucio, 2021. Sustainability thoughts 126: Are environmental externality management based production and consumption bundles inconsistent with green pareto efficiency and with pareto efficiency principles at the same time? If yes, why?, In: CEBEM-REDESMA Boletin, Año 15 Nº 2, February, La Paz, Bolivia.
Muñoz, Lucio, 2021. Sustainability thoughts 127: Pareto optimality under the sustainability eye: Is the traditional pareto efficient bundle the second most undesirable bundle on the pareto optimality sustainability line? If yes, why?, In: International Journal of Management studies and Social Science Research(IJMSSSR), Vol. 3, Issue 1, January-February, Pp 180-196, ISSN: 2582-0265, India.
Muñoz, Lucio, 2021. If Going From Free Markets to Free Markets Is the Science Based Approach: What is Then the Model Structure, Price Structure, Choice Structure and the Knowledge Structure and Related Gaps of the 2012 Paradigm Shift From Perfect Traditional Market to Perfect Green Market Thinking?, In: Insights into Economics and Management ,Vol. 5, Chapter 1, Pp 1-17, Book Publisher International, January 21, ISBN: 978-93-90516-50-6 (Print), ISBN: 978-93-90516-51-3(eBook), London, UK.
Muñoz, Lucio, 2021. Sustainability thoughts 130: Can green economies and green growth exist without green markets? If not, why not? What is the current main development implication of this?, In: International Journal of Management studies and Social Science Research(IJMSSSR), vol.-3, issue-1, January-February, Pp 50-65, ISSN: 2582 - 0265, India.
Muñoz, Lucio, 2020. Sustainability thoughts 106: Can we solve an environmental sustainability problem by managing the consequences of that problem? If not, why not?, Boletin CEBEM-REDESMA, Año 14, No.5, May, La Paz, Bolivia.
Muñoz, Lucio, 2020. Sustainability thoughts 104: How the shift from traditional markets to red markets would have looked like had the 1987 Brundtland Commission recommended then a social sustainability fix?, In: International Journal of Management studies and Social Science Research(IJMSSSR), Vol. 2, Issue 2, March-April, Pp 127-137, ISSN: 2582-0265, India.
Muñoz, Lucio, 2020. Sustainability thoughts 103: How the shift from traditional markets to green markets would have looked like had the 1987 Brundtland Commission recommended then an environmental sustainability fix?, Boletin CEBEM-REDESMA, Año 14, No.3, March, La Paz, Bolivia.
Muñoz, Lucio, 2020. Sustainability thoughts 102: How the shift from traditional markets to sustainability markets would have looked like had the 1987 Brundtland Commission recommended then a sustainability fix?, In: International Journal of Business Management and Economic Review, Pp. 110-120, Vol. 3, No. 02, ISSN: 2581-4664.
Muñoz, Lucio, 2019. The Flipping of Traditional Economic Thinking: Contrasting the Working of Dwarf Green Market Thinking with that of Green Market Thinking to Highlight Main Differences and Implications, In: Global Journal of Management and Business Research: E Marketing, Volume 19, Issue 4, Version 1.0 , Framingham, Massachusetts, USA.
Muñoz, Lucio, 2017. Is Environmental Externality Management a Correction of Adam Smith’s Model to Make it Environmentally Friendly and Shift it Towards Green Markets or is it a Distortion on Top of Another Distortion?. International Journal of Economics, Business and Management Studies, 4(1): 1-16.
Muñoz, Lucio, 2016. Beyond Traditional Market Thinking: What is the Structure of the Perfect Green market?, In: International Journal of Science Social Studies Humanities and Management (IJSSSHM), Vol. 2, No. 5., May, Ed. Dr. Maya Pant, India.
Muñoz, Lucio, 2019. From Traditional Markets to Green Markets: A Look at Markets Under Perfect Green Market Competition, Weber Economics & Finance (ISSN:2449-1662), Vol. 7 (1) 2019, Article ID wef_253, 1147-1156
Muñoz, Lucio, 2016. Beyond Both Red Socialism Thinking and Traditional Market Thinking: What Is the Structure of the Perfect Red Market. In: International Journal of Advanced Engineering and Management Research(IJAEMR), Vol.1, Issue 5, Pp 546--568, India.
Muñoz, Lucio, 2019. From Traditional Markets to Red Markets: A Look at Markets Under Perfect Socially Friendly Market Competition, In: International Journal of Management Studies and Social Science Research(IJMSSSR), Volume 1, Issue 2, March-April, Ed. Dr.Vishal Muvel, India.
Muñoz, Lucio, 2016. Beyond Green Market Thinking: What would be the Structure of the Perfect Sustainability Market?, In: International Journal of Science Social Studies Humanities and Management (IJSSSHM), Vol. 2, No. 5, May, Ed. Dr. Maya Pant, India.
Muñoz, Lucio, 2019. From Traditional Markets to Sustainability Markets: A Look at Markets Under Perfect Sustainability Market Competition, In: International Journal of Management Studies and Social Science Research(IJMSSSR), Volume 1, Issue 1, January-February, Ed. Dr.Vishal Muvel, India.
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I think No, what do you think?
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Harry thank you for commenting. If you know that capitalism puts the economy first and only, you can state is market structure, both in terms of supply and demand or in terms of market equality and freedom. If you know that red socialism puts society first and only, then you can indicate its market structure, if you know that green marxism puts the environment first and only, you can express its market structure, if you know that yellow marxism puts society and environment first and only, then you can state its market strucrure....If you know that ecomarxism aimes at protection society and environment, you can state its market structure.....
This question is about only ECO-SOCIALISM and GREEN MARXISM, and the question is a very specific one and the answers are simple and short ones: Is Eco-socialism Green Marxism? Do they have the same model structure?
In other words, are they the same concept? Yes, no, why? Do they have the same market structure after flipping liberal capitalism? Yes, no, why?
What do you think?
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The definition of socialism as big government doesn't make sense. Absolute monarchs were big government.
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It was supposed to be workers' State in the ideal sense basically in theory, also to some extent in practice in earlyphase. But history has proved that socialism in practice, in spite of being better than capitalism, could not meet the expectations of working people. Once in power, ruling class gradually tilts towards capital and starts to ignore labour though slogans continue to confuse workers.
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Who agrees disincentives are the biggest factor in human behavior? How? Why?
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Your average human is theory-lite when it comes to making decisions of the "free" variety, generally speaking (Haynes 2022). This extends to most aspects of our dealings, including finances. The most extreme form it is people who engage in zero-sum thinking (zero-sum bias).
As an ex-federally licensed banker I can tell you that prior the Dodd-Franklin Act that regulated the housing market, people applied for loans that required no income, no verification, no job, no assets, nothing, and got approved.
The equivalent of this would similar concept of Hanna Arendt's notion of the Banality of Evil, the Banality of Spending. For most it doesn't even register, so disincentives are needed to shape up behavior. But the issue is multi-faceted, for sure.
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Life is a journey of continuous learning. Like an experienced doctor who can see the cause of a disease at a glance, Dalio has found the same core logic that has been interpreted over and over again in these many seemingly independent and unrelated events. By analyzing multiple cases at each economic stage and searching for commonalities, we can better envision and test their causal relationships, think about where crises come from and how to avoid risks. So that when the next crisis arises, we can better cope with it.
History is always strikingly similar, and the optimism in the US about beating inflation always comes a little too early. Thinking about this while reading the book, as someone who is preparing to immigrate to the United States, I am a bit worried about whether the future of the United States is optimistic?(Inflation Similar To The 1970s)
#money #inflation #America #USA #Economy #wealth
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A smaller workforce will define the economy in 2024. In fact, it will be the key economic challenge the US faces for the foreseeable future. A shortage of workers will be hard on businesses, but for some consumers it also means they will always be able to find a job that can support their spending.
US GDP is projected to expand 2.1% in 2024 on a full-year basis, compared with 1% for the consensus of economist forecasts surveyed by Bloomberg. Goldman Sachs Research reaffirms its longstanding view that the probability of a US recession is much lower than commonly appreciated — at just 15% over the next 12 months; the main reason the world’s largest economy accelerated from 2022 to 2023 is that the impact of fiscal tightening and central bank rates hikes on GDP growth diminished sharply.
You can hope for a boring 2024 Yali 梁雅黎 Leung
Almost all projections do suggest that the US economy will be operating at its maximum sustainable output over the next five years, a soft landing included. However, avoiding a recession over a longer term is bound to monetary macro prudence.
____________
Facts do not cease to exist because they are ignored. Money is a machine for doing quickly and commodiously what would be done, though less quickly and commodiously, without it. All decent people live beyond their incomes, and those who aren't respectable live beyond other people's incomes.
Economic laws which aim at material progress as well as social harmony and moral advancement, should be formulated according to the laws of nature. There is no conflict between the laws of nature and laws of economics. The laws of nature are universal.
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Would workers desire labor unions less if Maslow’s Hierarchy of Needs guided distributing an economic basis for each individual? How? Why?
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Of course, labor unions would want non-member workers to be granted fewer rights. Because the most important aim of unions today is mostly economic benefits. If you provide the same benefits to all workers, there will be no need for unions.
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workers work but the profits go to non workers. The higher the money from investors the more profit they get. The amount of work done by workers doesn't affect the salary of workers
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Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit in a competitive market.
While a pyramid scheme is an investment scheme that promises to offer investors incredibly high, and often risk-free returns.
The scheme works by recruiting new investors to pay off earlier investors, rather than by generating profits through legitimate business activities.
An economic bubble, on the other hand, is a situation in which people trade in products or assets for amounts significantly larger than their intrinsic values. There is no fraud involved in an economic bubble, but it can lead to a sudden and dramatic collapse in prices when the bubble bursts.
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When it comes to climate change decision makers always tell you follow and respect the science.
When it comes to pandemics like Covid 19 decision makers always told you to respect and follow the science, ...
BUT when it comes to economics, decision makers are not calling for follow and respect the science. They quietly have apparently moved away of requiring economics to stay a science.
Since 2012 when decision makers avoided to shift from traditional market thinking to green market thinking, the science based evolution point a la Thomas Kuhn as there was consensus then for paradigm change, they have slowly move away from science by going dwarf green markets a la environmental externality management first, and now it seems they are going to square one, circular economic thinking, a thinking totally delinked from the problem we are supposed to be trying to solve, the environmental problem.
Hence, there are science based ways to fix the environmental problem and there are non-science based to patch and manage the environmental problem.
But science follows the scientific truth, if the science does not support what those decision makers want to do, no matter how much they play with the theory and the practice, why support thinking not based on science aimed at perpetuating the problem?
And this raises the question: If climate change action is based on science and the economy to implement it is not, is that good for the environment?
I think No, what do you think? If you think Yes, why? If you think No, why no?
Note; This is an academic question, not a political one.
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Janusz, you are contradicting your self, each time you bring examples related to how to manage the pollution production problem. If your goal is a world under PERMANENT pollution production management, then your thinking is fine. If the goal is to fix the root cause of the pollution production problem then you need GREEN markets, pollution reduction markets.
Since You think is okay to implement a science based climate change program to address the environmental crises using market tools that FEED the pollution crisis, let's leave it here and agree to disagree.
Respectfully yours!
Lucio
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Think about it, the WCED 1987 told us among other things that to be environmentally friendly we have to go beyond business as usual using sustainable development means, which by 2012 Rio + 20 the world had agreed that the WIN-WIN economy and environment model was the way to shift to a world under green markets, green growth, and green economies, BUT then soon since 2012 the environmentally sustainability pretending began as instead of green markets the world ended up with green dwarf green markets, dwarf green growth, and dwarf green economies. But now that PRETENDING seems to be coming to an end AS the world, against 100% the Thomas Kuhn's paradigm evolution loop expectation seems ready to go back to square one as in 1987, but now with CIRCULAR traditional economic thinking and academic tunneling. And this raises the question, Does going traditional circular economic thinking means the environmental sustainability pretending is over?
What do you think? Yes, and why you think so? No, and why you think No?
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Paul, I see you have no presence in researchgate. so please ignore my question.
Respectfully yours;
:Lucio
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Will a 5% ten year in 2024 and a impending maturity wall of required U.S.Treasury refinancings lead interest on the debt overtake Defense, Social security,and Medicare as the single largest line item in the Federal budget?How can a government so indebted pay a mkt rate?
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U.S. debt offers the safest heaven for Chinese forex reserves, which effectively means that China offers loans to the U.S. so that the U.S. can keep buying the goods China produces. As long as China continues to have an export-driven economy with a huge trade surplus with the U.S., it will keep piling up U.S. dollars and U.S. debt. Chinese loans to the U.S., through the purchase of U.S. debt, enable the U.S. to buy Chinese products. It’s a win-win situation for both nations, with both benefiting mutually. China gets a huge market for its products, and the U.S. benefits from the economical prices of Chinese goods. Beyond their well-known political rivalry, both nations (willingly or unwillingly) are locked in a state of inter-dependency from which both benefit, and which is likely to continue.
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Under dwarf green markets if the system is leading to market failure, should we expected the governments to act as environmental externality policy correctors and enforcers in the face of social pressure?
I think No, what do you think?
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Yes, Arzaz, the answer is No as dwarf green markets are markets under permanent government intervention and if things go wrong it is the government responsibility; and therefore we should expect the government TO PROTECT ITSEL when policing and monitoring itself, and you should also expect goverments to be harsh on those calling for accountability/responsibility when on the way to a worsening of the market failure such calls for environmental accountability.
Thanks for taking the time to participate.
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If you think outside the box, it is possible to see similarities and differences between the economy model used by china after the fall of the soviet bloc and the economy model used by the USA then and now. Knowing and understanding these similarities and differences can help to see the nature of inverse paradigm dynamics that may play in the future.
And this raises the question: In terms of equality and freedom, what are the similarities and the differences between the Chinese economy model and the USA economy model?
Can you see the similarities and the differences in this context?
If yes, please share them.
Respectfully yours;
Lucio
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In many areas of social significance, both the US and China are not number one. Far from it, the two often find themselves way down the list when compared to other countries. It is critical that we not lose sight of the fact that in many areas of life – from governance to healthcare to crime to the environment – the two countries have a lot of catching up to do.
Happiness is not the be all end all of life, but it’s not irrelevant either. And on this score the US and China do not fare particularly well, ranking 18 and 94, respectively, far behind Finland. The US ranks higher than China on metrics of democracy and freedom, but even there the US is far from preeminent, something we’ve witnessed in vivid terms the last few years.
The Gini coefficient, one of the most widely used metrics of inequality, shows that in 2019 the United States (0.481) and China (0.465) both still have highly unequal income distributions in absolute terms and relative to other countries.
Inequality was far lower in China in the late 1970s, but then soared following the launch of the “reform and opening” policies. Marketization succeeded in delivering decades of high overall growth, but a number of factors – among them corruption, credit policies favoring a shift of wealth from households to companies, privatization of SOEs, and an insufficient availability of welfare services – have raised inequality far higher than would otherwise be the case. It likely resulted in the share of public wealth (as a portion of national wealth) to drop from about 70 percent in 1978 to 35 percent by 2015.
Trends in the United States are similarly concerning. The bottom 50 percent of wage earners experienced a collapse in their share of the nation’s wealth between 1978 and 2015, from 20 percent to 12 percent of total income, while the top one-percent’s income share rose from 11 percent to 20 percent. Inequality was exacerbated by educational and wage policy failures, resulting in insufficient support for the underprivileged. In addition to this, as in China, the United States lacks a well-funded welfare state when compared with other advanced industrialized economies.
Ref/
My best wishes Lucio Muñoz good question as almost all of yours 👍
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In my opinion, both unfavorable processes, ie the global warming and the depletion of the ozone layer in the atmosphere will increase in the future.
However, there is still some time to implement the necessary pro-ecological reforms to slow down these processes. It is estimated that there has been a decade of time to carry out the necessary pro-ecological investments, thanks to which it would be possible to implement sustainable pro-ecological development in the global economy.
Hedgehogs do not take these actions in the next decade, then these unfavorable climate processes will accelerate in the future and become permanently irreversible. Then, at the end of the twenty-first century, there will be a global climate cataclysm that will threaten the life of all humanity and a large part of other life forms that inhabit the planet Earth.
The problem is therefore serious and underestimated by politicians, entrepreneurs, industrialists and many other social groups. The problem of global warming and decreasing ozone layer in the atmosphere is too little publicized and the educated society is not educated enough.
In view of the above, the current question is: Are the biggest global problems of the future underestimated and ignored?
Please, answer, comments. I invite you to the discussion.
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Dear Researchers, Scientists, Friends,
In the New Year 2024, I wish the development of scientific cooperation, success in research and scientific work and other fields of activity, revealing scientific research results, new excellent scientific publications, etc. I also wish that published scientific research results are not ignored by the business and political spheres. I also wish that, thanks to the development of good scientific cooperation, published research results, the scale of solving the global problems of civilization development will increase significantly, including the possibility of protecting the climate, biosphere and biodiversity of natural ecosystems of the planet.
wishes
Dariusz Prokopowicz
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The WCED 1987 documented traditional economic thinking as the source of social and/or environmental sustainability as it turned out to be socially and/or environmentally unfriendly.
This is because traditional market pricing only account for the economic costs at a profit, and hence, traditional markets are externalizing social and/or environmental cost associated with economic activity. AS TRADITIONAL MARKET EXPANDS, THE SOCIAL AND ENVIRONMENTAL EXTERNALITIES AND THEIR SUSTAINABILITY GAPS EXPAND.
Hence, Making traditional economic thinking circular still has the social and environmental externality problem associated with it SO IT CAN NOT BE THE SOLUTION OF THE PROBLEMS IT CREATES. This means that selling circular economic thinking as the solution of sustainability problems requires either paradigm shift knowledge gaps or willful academic blindness as the drivers of willful academic tunneling as the mean to present it or promote it.
And this raises the question; Can we make circular economic thinking the solution of critical problems like the environmental unsustainability without the use of alternative academic facts?
I think No, what do you think? Yes, why you think so? No, why you think so?
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The moment you assign a cost to environmental consequences (eg. a carbon tax) via regulatory or accounting standard mechanisms, you can close this perceived gap. In reality, market pricing needs to reflect all taxes, tariffs, etc.
It is worth observing that traditional economic thinking already fails to accurately account for the dynamics that occur in economic activities related to natural systems.
For example, green assets (such as trees) appreciate in value over time (either for use as lumber, syrup, or nuts) due to natural growth and the increase in value occurs (even in the context of inflation) -- in marked contrast to the traditional notion that the value of an asset in future should be discounted.
For example, a mature maple tree employed for maple syrup production produces more maple syrup (litres) than a younger tree, and the price of that syrup per litre floats with inflation because it is a commodity. So that tree, when viewed as an asset, increases over time instead of depreciating.
One way to bridge this gap, within traditional economics, is to model nature as an economic joint venture partner that contributes value to an activity. Nature absorbs the cost of maintaining and improving the green assets, while the firm remains on the hook for maintaining and improving the black assets employed in the economic activity.
This opens the door to admit impairment of value when green assets are compromised. The impairment is a cost factor that can be applied in an economic analysis.
Note that this occurs directly when green assets are employed by an economic activity and indirectly otherwise. For example, insurance companies are already pricing in higher costs due to natural hazards occurring more frequently, which creates a direct cost from an indirect consequence.
While this does not fully answer your question, it may provide some angles to consider in working thru it.
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Out of nowhere apparently came at the same time in 2023, researchers from different countries, governments from different countries, different international organizations and banks, all are praying in the name of CIRCULAR ECONOMY at the same time, from different angles and levels.
Probably some of them are the same researchers, countries and organizations that in 1987 were praising the SCIENCE BASED call *WCED 1987 Our Common Future to move away from traditional economic thinking as the only way to correct its social and environmental market failures are now endorsing.
Perhaps some of them are the same researchers, countries and organization that in *2012 UNCSD Rio +20 conference The Future We Want were endorsing the SCIENCE BASED decision to go green markets, green economies and green growth to solve the environmental market failure embedded in the pricing mechanism of the traditional market.
THEN THEY apparently forgot that, and they are now PROMOTING THE PROBLEM AS THE SOLUTION, BUT THIS TIME THE PROBLEM IS CIRCULAR, an apparent contradiction.
Keep in mind that the environmental market failure associated to the traditional market that go uncorrected by going circular economy MEANS now that under CIRCULAR ECONOMY THINKING we formally have a life under a PERMANENT MARKET FAILURE that is profitable for those polluting and for those cleaning after them.
Is this science or ideology? Can the root cause of a sustainability problem be made the solution to that problem just by making the problem circular?
And this raises the question: Is the 2023 circular economy push perfect academic tunneling?
I think yes. What do you think?
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Lucio
Excellent, concise and unfortunatelly true your comment.
I have to agree with you.
But what do we have to do?
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The WCED 1987 documented that business as usual was socially and/or environmentally irresponsible and needed to be made socially and/or environmentally responsible by means beyond traditional economic/development thinking.
The current circular economy thinking appears directed at magically, without addressing the root causes of social and/or environmental problems highlighted by the WCED 1987/Our Common Future, making the irresponsible traditional market thinking responsible just by making it circular.
A linear pollution production problem is solved by a circular pollution production problem apparently, do you see the signs of an academic paradox/contradiction?, which raises the question: Can an irresponsible market/the problem be made responsible/the solution just by making the problem circular?
If you think yes, why? If you think no, why?
I think No!
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Am in agreement with your analysis Lucio Muñoz =no; just adding a sustainability option to an unsustainable economic system is not enough.
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How to combine the concept of a social market economy with commercially operating private companies and enterprises, public institutions and the government pursuing certain socio-economic policies with the realization of the goals of sustainable development and a smoothly carried out green transformation of the economy?
In the 21st century, the dominant model of economic development in many countries will be based on a combination of the concept of a social market economy with the realization of the goals of sustainable development and a smoothly carried out green transformation of the economy. There is still much room for improvement on many issues, both at the level of economic policy taking into account the realization of the goals of sustainable development and the process of green transformation of the economy, i.e. at the macroeconomic scale, as well as in the effective operation of economic entities that implement green economic ventures and are socially, climatically and environmentally responsible, i.e. at the microeconomic scale. Many issues at the aforementioned various levels of research are still to be improved in order to increase the efficiency and accelerate the implementation of the process of green transformation of the economy and activate economic entities, including companies, enterprises, financial institutions and also public institutions to undertake green investments, implement the principles of sustainable development, the principles of green closed-loop economics, increase social climate and environmental responsibility, switch manufacturing processes to generate less greenhouse gas emissions and environmental pollution, etc. The new green technologies and eco-innovations being created can increase the possibilities and improve the efficiency of the aforementioned processes of green transformation of the economy. With the aforementioned new green technologies and eco-innovations, there may also be increased opportunities to combine the concept of a social market economy with commercially operating private companies and enterprises, public institutions and the government pursuing certain social and economic policies with the realization of the goals of sustainable development and efficient green transformation of the economy.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
How to combine the concept of a social market economy with commercially operating private companies and enterprises, public institutions and the government pursuing certain socio-economic policies with the realization of the goals of sustainable development and a smoothly carried out green transformation of the economy?
How to combine the concept of a social market economy with the realization of the goals of sustainable development and a smoothly carried out green transformation of the economy?
And what is your opinion on this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best regards,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
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La combinaison du concept d'économie sociale de marché avec la réalisation des objectifs de développement durable et de transformation verte peut être réalisée grâce à l'utilisation de mécanismes financiers tels que les obligations vertes, sociales et durables. Ces instruments financiers dirigent les investissements vers des infrastructures durables et des services essentiels, ce qui contribue à la réalisation des objectifs de développement durable. Ils favorisent également la transition vers une économie verte en promouvant les investissements dans des secteurs à faible émission de carbone et en soutenant les initiatives sociales. Cela permet de combiner les objectifs économiques, sociaux et environnementaux pour une croissance durable et inclusive.
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Every enterprise has main internal systems or functional areas. There are many theories trying to define which are the main ones. How the main systems are connected between each other . Which are their sub systems or sub sub systems.
Let's discuss on which are, in our opinion, the main systems (functional areas) in an enterprise and how they are connected. Maybe even see what they consist of?
This is similar to our human bodies which all have digestive system, cardiovascular system, respiratory system, skeletal system, etc. even though on the outside we are all so different.
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In an enterprise, various functional areas work cohesively to ensure the smooth operation and success of the organization. These functional areas are interconnected and hierarchically structured to streamline processes, enhance efficiency, and achieve overall business objectives. The main functional areas in an enterprise typically include marketing, finance, human resources, operations, and information technology.
Marketing is responsible for creating awareness, promoting products or services, and understanding customer needs. It interacts closely with the sales department to drive revenue and establish a strong market presence. Finance manages the organization's monetary aspects, handling budgeting, financial reporting, and investment decisions. The finance department collaborates with other areas to allocate resources effectively and support strategic initiatives.
Human resources (HR) focuses on managing personnel, recruitment, training, and employee relations. It plays a crucial role in fostering a positive organizational culture and ensuring that the workforce aligns with the company's goals. HR is closely linked with operations to ensure adequate staffing levels and optimal utilization of human capital.
Operations involve the day-to-day activities that contribute to product or service delivery. This area collaborates with all other departments to ensure a seamless production process and timely delivery of goods or services. Information technology (IT) supports the organization by managing technological infrastructure, software, and data. It is interlinked with every functional area, providing the necessary tools and systems for efficient business operations.
The hierarchical structure within these functional areas is designed to facilitate effective communication, decision-making, and coordination. Typically, each functional area has a department head or manager overseeing its operations, and these leaders report to higher-level executives or the CEO. This hierarchical structure ensures that information and directives flow smoothly from top management down to the operational level and vice versa.
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The History of Reserve Currencies
Lets begin with understanding money as liquid, which is how CHINESE describes MONEY as WATER.
MONEY as WATER & LIQUIDITY
The expression "money is like water" is often attributed to Chinese culture, and it reflects a particular mindset about wealth and its fluid nature. While not everyone in China may use this expression, it does capture a common attitude towards money. Here are some reasons why money is sometimes metaphorically equated with water in Chinese culture:
  1. Fluidity and Circulation: Water is fluid and can flow easily. Similarly, the idea is that money should not be stagnant but should circulate and flow smoothly through various channels of the economy. This concept emphasizes the importance of keeping money in motion to generate economic activity.
  2. Adaptability: Water can take the shape of its container and adapt to different forms. Money, too, is seen as something that should be adaptable and flexible. The ability to adapt to different financial situations is valued, and the metaphor highlights the importance of being nimble in financial matters.
  3. Renewal and Growth: Water is essential for the growth of plants and sustaining life. Money, in a similar sense, is considered crucial for economic growth and development. The metaphor emphasizes the idea that money, like water, is essential for sustaining and fostering prosperity.
  4. Symbol of Abundance: In Chinese culture, water is often associated with abundance and prosperity. The metaphor of money being like water might convey the idea that there is an abundance of financial opportunities and resources available, and one should tap into them wisely.
  5. Flowing Fortunes: The phrase could also imply that fortunes, like water, are ever-changing. What may be plentiful today might be scarce tomorrow, emphasizing the importance of being mindful of financial fluctuations and making sound financial decisions.
CO2 as LIQUIDITY
If we conceptualize CO2 as liquidity rather than a gas or vapor, we are essentially considering carbon dioxide as a form of tradable liquid asset that represents environmental impact. This approach adds an additional layer to the integration of CO2 into a financial system. Here's how this could be incorporated into the concept:
  1. CO2 Liquidity Units: Instead of carbon credits, introduce the concept of CO2 liquidity units. These units would represent a standardized measure of carbon emissions that can be bought, sold, or traded in the market.
  2. Liquid Carbon Market: Establish a liquid carbon market where entities, including businesses, governments, and individuals, can buy and sell CO2 liquidity units. This market would function similarly to financial markets where liquidity is traded.
  3. Carbon Liquidity Exchanges: Create specialized carbon liquidity exchanges where participants can engage in the buying and selling of CO2 liquidity units. These exchanges would operate alongside traditional financial exchanges.
  4. Liquidity Providers: Designate entities, such as environmental organizations or sustainable initiatives, as liquidity providers. These entities would contribute to the market by removing excess CO2 liquidity units from circulation through activities like carbon sequestration or environmental projects.
  5. Centralized Liquidity Authority: Establish a centralized authority responsible for regulating and overseeing the CO2 liquidity market. This authority would manage the overall liquidity supply, adjusting it based on environmental goals and targets.
  6. Carbon-backed Liquidity Reserves: Implement carbon-backed liquidity reserves to stabilize the value of CO2 liquidity units. These reserves would function similarly to central bank reserves in traditional financial systems.
  7. Carbon Liquidity-backed Financial Instruments: Develop financial instruments, such as bonds or loans, that are backed by CO2 liquidity units. This would provide a way for financial markets to support sustainable projects, similar to green bonds.
  8. Liquidity-based Incentives: Introduce incentives for entities to maintain or increase their liquidity levels. Those who reduce their carbon emissions and maintain a surplus of CO2 liquidity units could benefit financially, while those with deficits would face higher costs.
  9. Real-time Liquidity Monitoring: Implement advanced monitoring systems for real-time tracking of carbon liquidity levels. This transparency would enable better decision-making and responsiveness to changes in environmental conditions.
  10. Education and Adoption: Promote education and awareness about the CO2 liquidity system to ensure widespread understanding and adoption. Stakeholders, including businesses and individuals, need to grasp the concept of CO2 as a form of liquid asset.
This conceptualization aims to integrate the idea of liquidity into the carbon economy, treating CO2 as a tradable liquid asset with a value that can be influenced by market forces. It introduces the dynamics of supply, demand, and liquidity management into the broader context of environmental sustainability. As with any innovative financial system, careful planning, regulation, and adaptation are crucial for its successful implementation. Additionally, it's essential to consider potential unintended consequences and continually assess the system's effectiveness in achieving environmental goals.
MONEY & CURRENCIES PEGGED to CO2 as LIQUID SUPPLY & DEMAND
Here's a conceptual approach to a real-world system where money is pegged to CO2 supply and demand:
  1. Carbon Credits as Tradable Assets: Implement a system where carbon credits become tradable assets, similar to stocks or bonds in financial markets. These carbon credits would represent the right to emit a certain amount of CO2.
  2. Carbon Pricing Mechanism: Introduce a carbon pricing mechanism, such as a carbon tax or cap-and-trade system. This places a cost on carbon emissions, creating a direct economic incentive for businesses and individuals to reduce their carbon footprint.
  3. Centralized Carbon Authority: Establish a centralized carbon authority responsible for issuing and regulating carbon credits. This authority would control the overall supply of carbon credits in circulation, adjusting it based on environmental goals and targets.
  4. Currency Pegged to Carbon Credits: Create a new form of currency that is directly pegged to the supply of carbon credits. The value of this currency would be tied to the overall carbon emissions allowed within a specified period.
  5. Carbon Reserve System: Implement a carbon reserve system, similar to a central bank's reserve system, to manage fluctuations in carbon credit supply and demand. The reserve would be used to stabilize the value of the carbon-backed currency.
  6. Incentives for Carbon Reduction: Offer financial incentives for businesses and individuals to reduce their carbon emissions. Those who emit less than their allocated carbon credits could sell their excess credits, while those exceeding their limit would need to buy additional credits.
  7. International Carbon Exchange: Facilitate an international carbon exchange where countries can trade carbon credits, fostering global cooperation in addressing climate change. This exchange would allow nations to balance their emissions by buying and selling credits on the international market.
  8. Carbon-backed Financial Instruments: Develop financial instruments such as bonds or loans that are backed by carbon credits. This could encourage investments in sustainable projects and provide a way for financial markets to support environmentally friendly initiatives.
  9. Carbon Auditing and Verification: Implement rigorous carbon auditing and verification processes to ensure the accuracy and legitimacy of carbon credit transactions. This would prevent fraud and maintain the integrity of the carbon-backed currency.
  10. Transition Period and Education: Recognize that transitioning to a carbon-backed currency would require careful planning and education. Governments, businesses, and the public would need to understand the new system and its implications.
It's important to note that while this concept provides a real-world approach, it is highly complex and would face numerous challenges, including international cooperation, regulatory frameworks, and the need for a robust infrastructure to manage the carbon credit system.
The CARBON COIN/ DOLLAR
Pegging an international currency to a conception of CO2 reduction involves linking the value of the currency to the success and progress of global efforts in reducing carbon emissions. Here's a conceptual framework for how this might be achieved:
  1. Creation of a Carbon-Backed International Currency: Develop a new international currency, let's call it "CarbonCoin" for illustration purposes, directly pegged to the global reduction of carbon emissions. The value of CarbonCoin would be tied to the success in achieving predetermined global CO2 reduction targets.
  2. Global Carbon Reduction Targets: Establish ambitious and scientifically informed global carbon reduction targets. These targets would serve as the benchmark against which the value of CarbonCoin is pegged. The more successful the world is in meeting these targets, the stronger the value of CarbonCoin.
  3. Carbon Reduction Verification Mechanism: Implement a robust and transparent global mechanism for verifying carbon reduction efforts. This could involve international organizations, technological solutions, and agreements that ensure accurate reporting and accountability for CO2 reductions.
  4. CarbonCoin Reserve System: Create a global CarbonCoin reserve system that stores CarbonCoins in proportion to the cumulative global CO2 reductions achieved. This reserve would act as a backing for the international currency, similar to gold backing traditional currencies in the past.
  5. International CarbonCoin Authority: Establish an international authority responsible for managing the CarbonCoin system. This authority would oversee the pegging process, verify carbon reductions, and adjust the supply of CarbonCoins in circulation based on global progress toward emission reduction goals.
  6. CarbonCoin Exchange Mechanism: Develop a global exchange mechanism for CarbonCoins, where countries and entities can buy, sell, and trade CarbonCoins based on their individual and collective contributions to CO2 reduction. This exchange would influence the value of CarbonCoin in the international market.
  7. CarbonCoin as a Reserve Currency: Promote the use of CarbonCoin as a reserve currency alongside traditional fiat currencies like the U.S. dollar or the euro. Countries could hold CarbonCoins in their reserves as a way to demonstrate and support their commitment to environmental sustainability.
  8. Incentives for Carbon Reduction: Offer financial incentives for countries and entities that contribute significantly to global CO2 reductions. This could involve rewarding nations with additional CarbonCoins based on their achievements in emission reduction.
  9. CarbonCoin-Backed Bonds and Financial Instruments: Introduce financial instruments, such as bonds, loans, or investment products, that are backed by CarbonCoins. This would create a market for sustainable investments and encourage the allocation of funds to projects contributing to CO2 reduction.
  10. International Cooperation and Agreements: Encourage international cooperation through agreements and treaties that support the CarbonCoin system. Cooperation would be vital to the success of this currency peg, requiring commitments from nations to pursue and maintain effective carbon reduction policies.
Implementing such a system would require significant coordination, cooperation, and commitment from the international community. It would also involve addressing challenges such as varying levels of economic development, differing national priorities, and potential resistance to adopting a new international currency system. Additionally, technological advancements in monitoring and verification of carbon reduction efforts would play a crucial role in the success of this conceptual framework.
How Pegging CO2 as LIQUIDITIES to CURRENCY EXCHANGES can OVERCOME EXISTING INERTIA to CO2 REDUCTION
Pegging CO2 as liquidities to currency exchanges could potentially introduce innovative financial mechanisms to overcome hurdles in CO2 reduction efforts. Here are ways in which this approach might help address challenges:
Market-Driven Incentives:
How it Helps: By pegging CO2 as liquidities to currency exchanges, you create a market for trading carbon assets. This introduces market-driven incentives for businesses and nations to reduce emissions, as they can profit from selling excess carbon liquidities or face costs for exceeding their allocated limits.
Flexibility and Adaptability:
How it Helps: Liquid markets are often more flexible. This flexibility can be harnessed to adapt to varying circumstances, allowing entities to buy or sell carbon liquidities based on changing economic conditions or technological advancements. It provides a dynamic system that can adjust to evolving emission reduction challenges.
Global Collaboration through Trading:
How it Helps: A liquid carbon market could facilitate global collaboration. Countries with a surplus of carbon liquidities can trade with those facing challenges, promoting a more efficient allocation of resources for emissions reduction. This approach encourages a collaborative, international effort to achieve overall reduction targets.
Liquidity-Backed Investments:
How it Helps: The concept of CO2 liquidities as a tradable asset could attract investments in sustainable and low-carbon projects. Financial instruments backed by carbon liquidities, such as bonds or green funds, may become attractive to investors, funneling capital into initiatives that contribute to emission reduction.
Transparent Market Mechanism:
How it Helps: Liquid markets often operate with a high degree of transparency. This transparency could help overcome challenges related to verification and trust. It ensures that the buying and selling of carbon liquidities are conducted with integrity, minimizing the risk of fraudulent activities.
Carbon Liquidity Reserves:
How it Helps: Establishing reserves of carbon liquidities can act as a stabilizing mechanism. During economic downturns or unexpected challenges, entities can tap into these reserves to meet emission reduction targets without facing excessive financial burdens, promoting long-term stability in carbon markets.
Economic Growth with Emission Reduction:How it Helps: Liquid carbon markets could provide a mechanism for balancing economic growth with emission reduction. As economies grow, they may need additional carbon liquidities, which can be acquired through the market. This allows for economic development while ensuring adherence to overall carbon reduction goals.
Private Sector Participation:
How it Helps: Liquid carbon markets could attract greater participation from the private sector. Businesses can actively engage in emissions reduction efforts by buying and selling carbon liquidities, aligning their financial interests with environmental goals and contributing to a more sustainable economy.
Carbon-Backed Financial Instruments:
How it Helps: The creation of financial instruments backed by carbon liquidities, such as carbon futures or options, could provide businesses and investors with tools to manage and mitigate risks associated with emissions. This can enhance financial planning and encourage long-term sustainability.
Public Awareness and Engagement:
How it Helps: A liquid carbon market could be designed to include public participation, allowing individuals to buy and sell carbon liquidities. This engagement can increase public awareness and encourage environmentally conscious behavior, as individuals see a direct link between their actions and the carbon market.
While pegging CO2 as liquidities to currency exchanges introduces potential benefits, it's crucial to recognize that implementing such a system would still require careful design, international cooperation, and ongoing monitoring to ensure its effectiveness in promoting meaningful CO2 reduction. Additionally, considerations for potential market manipulation, regulatory frameworks, and social equity issues should be addressed in the development and implementation of this approach.
The POLITICAL ECONOMY of CARBONCOIN
A political economist would likely analyze the concept of pegging CO2 to currency exchanges from a multidimensional perspective, considering the economic, political, and social implications of such an approach. Here are some aspects a political economist might consider:
Economic Efficiency:
Analysis: A political economist would assess whether pegging CO2 to currency exchanges promotes economic efficiency by creating market-driven incentives for emissions reduction. They might evaluate the efficiency of the proposed carbon market in allocating resources and encouraging innovation in low-carbon technologies.
Distributional Effects:
Analysis: Political economists would scrutinize the distributional effects of the proposed system. They might investigate how the costs and benefits are distributed among different socioeconomic groups, regions, and nations. Consideration would be given to whether the approach exacerbates or mitigates existing inequalities.
International Cooperation:
Analysis: Political economists would study the feasibility of achieving international cooperation through a liquid carbon market. They might analyze the political dynamics and power structures among nations, assessing whether the proposed system provides sufficient incentives for countries to collaborate on emission reduction efforts.
Policy Instruments and Instruments Choice:
Analysis: Political economists would examine the choice of policy instruments within the proposed framework. They might consider the use of market-based mechanisms, regulatory approaches, and the role of government intervention. The analysis would explore how different policy instruments align with political and economic ideologies.
Political Will and Implementation Challenges:
Analysis: Political economists would assess the political will required to implement and sustain such a system. They might analyze potential political resistance, lobbying efforts, and the ability of governments to commit to long-term emission reduction targets, considering the political economy of climate change policies.
Environmental Justice:
Analysis: Political economists would scrutinize the environmental justice implications of the proposed approach. They might assess whether the system disproportionately affects vulnerable communities or if it addresses historical disparities in environmental burdens.
Role of Private Sector and Corporate Influence:
Analysis: Political economists would consider the role of the private sector within the proposed framework. They might analyze how corporations influence policy decisions, whether the approach aligns with corporate interests, and how the involvement of the private sector may impact the effectiveness of emission reduction efforts.
Policy Stability and Long-Term Commitments:
Analysis: Political economists would evaluate the stability of the proposed system over the long term. They might consider the potential for policy reversals with changes in government or economic conditions, assessing the resilience of the system to political volatility.
Global Governance and Institutions:
Analysis: Political economists would examine the global governance structures and institutions needed to support the proposed system. They might explore the role of international organizations, the effectiveness of existing institutions, and the need for new forms of global governance in managing a liquid carbon market.
Public Perception and Democratic Legitimacy:
Analysis: Political economists would consider how the public perceives the proposed approach and whether it aligns with democratic principles. They might assess the level of public engagement, participation, and the legitimacy of decision-making processes in shaping climate policies.
In essence, a political economist would analyze the proposed approach within the broader context of political and economic systems, considering its implications for power dynamics, social equity, and the overall political economy of climate change mitigation. This multidimensional analysis would provide insights into the feasibility, effectiveness, and potential challenges associated with pegging CO2 to currency exchanges.
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Ontological model should be a complete theory of how an enterprise is structured and how it functions as whole. It should describe through formulas the objects, subjects, processes, and all the elements in an enterprise, as well as the relationships between them. A structured way to define and organize the enterprise, allowing people to study it, but also computers to understand it. A holistic and comprehensive ontological model of the enterprise.
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Congrats for your achievement Trifon Stefanov A holistic digital model of every piece of information that matters to business operations, from processes to products to people, can create a powerful competitive advantage for an organization, i.e. by the the knowledge power of optimized ontologies. In this sense, AI—is about to create another complete transformation in how companies create and deliver value to customers.The digital transformation strategy itself can not be done without the reflective practitioner. There exist different (closed, open///single, double, triple) loops of learning in the entrepreneurial world. As a social scientist, my methodical perception of tech-know-logical processes is from the viewpoint of human labor and the technically involVes change of the production function (exponential factorial change).
Πάντα ῥεῖ καὶ οὐδὲν μένει All is flux, and nothing abides. Heraclitus
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To be able to deal head on with the social and environmental sustainability failures linked to NON-CIRCULAR TRADITIONAL ECONOMY thinking the Brundtland Commission in 1987(WCED) led us away from that type of thinking by recommending sustainable development tools....The WCED did not recommend then to go CIRCULAR TRADITIONAL ECONOMY THINKING to solve the social and environmental problems created by traditional economic thinking as in both economies you are not accounting for the social and environmental costs of doing business.
To be able to deal head on with the environmental sustainability failures linked to NON-CIRCULAR TRADITIONAL ECONOMY thinking the United Nations Commission on Sustainabiled development in 2012(UNCSD) was leading ust the way of circular green markets through green markets, green growth and green economies, away from business as usual.....The UNCSD did not recommend then to go CIRCULAR TRADITIONAL ECONOMY THINKING to solve the environmental problems created by traditional economic thinking as in both economies you are not accounting for the environmental costs of doing business.
In other words, the WCED was trying to fix a social and environmental sustainability problem by using sustainable development means to leave traditional thinking behind; and the UNCSD was trying to fix an environmental sustainability problem using green market thinking.
If the circular economy thinking has the same problems as the non-circular economic thinking of Adam Smith in social and/or environmental terms, how can circular economy thinking be presented today as the solution to the problem that the circular economy is also contributing to?
And this raises the question, Does CIRCULAR ECONOMY THINKING means a WORLD living under permanent social and environmental market failure?
What do you think? If you think No, why do you think so? If you think Yes, Why do you think so?
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Thank you Stephen, for commenting, We agreed then GOING CIRCULAR ECONOMY THINKING means formalizing a world under permanent market failure A LA BUSINESS AS USUAL but circular.
But the WCED 1987 "Our common future" and the UNCSD 2012 "The future we want" aimed for a world AWAY FROM TRADITIONAL MARKET THINKING as the only way to correct social and/or environmental market failures, one by going the way of sustainable development, and the other by going the way of green markets. Both of them were geared to leave the traditional market idea behind because it has embedded in its pricing mechanism the root cause of social and/or environmental problems: DISTORTED MARKET PRICES, Prices that do not reflect the social and/or environmental cost associated with the working of the traditional market,
GOING TRADITIONAL ECONOMY CIRCULARITY TO SOLVE THE PROBLEMS OF TRADITIONAL MARKET CIRCULARITY BY ASSUMPTION is a punch in the face to the recommendations the 1987 World Commission on Environment and Development and to the 2012 United Nations Commission on Sustainable development BECAUSE DOING that is GOING FROM POLLUTION PRODUCTION MARKETS WITH BROKEN CIRCULARITY OR LINEAR TO POLLUTION PRODUCTION MARKETS BUT CIRCULAR,
In a traditional economy, in the case of the environment, the good produced are not green and the goods consumed are not green. In the circular traditional economy the good produced are not green, the good consumed are not green, and therefore, the good recycled are not green. The environmental system may collapse in front of you under the circular economy thinking, but while the system is collapsing the corporations will still be making money by externalizing environmenal costs and those cleaning after corporations to close the circle with also be making money while externalizing their environmental externalities, two layers of environmental externalization now,
Thank you for commenting
Respectfully yours
Luico
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The Brundtland Commission told us in 1987 in "Our Common Future" that the traditional development model has failed us as it has brought with it deep social and environmental sustainability problems, and to leave TRADITIONAL ECONOMIC THINKING BEHIND they recommended sustainable development thinking, sadly they did not set priorities such as to focus sustainable development thinking to fix the social sustainability problem first, then the environmental sustainability problem or to focus on the environmental sustainability problem first, and then the social sustainability problem or focus on solving both problems, the social and environmental sustainability problems at the same time.
Notice, the WCED did not recommend to go CIRCULAR SUSTAINABLE DEVELOPMENT to lead traditional thinking behind.
This lack of foresight led to a very active competition between different sustainable development schools of thoughts, where in 2012 Rio +20 the WIN-WIN ECONOMY AND ENVIRONMENTA MODEL or the ECO-ECONOMIC DEVELOPMENT SCHOOL OF THOUGHT WON the sustainable development contest; and they indicated the need to go green market, green growth, and green economies in THE FUTURE WE WANT(UNCSD 2012) as now, there was a priority, to solve the environmental sustainability problem first through green market circularity as WIN-WIN meant that now the environmental cost associated with economic activities were going to be reflected in green market prices.
Notice, that RIO +20 conference did not recommend to go CIRCULAR TRADITIONAL ECONOMY then because they knew it is not pollution reduction friendly as it only account for economic cost of production; and hence it is not consistent with the environmental responsibility priority they had set to advance now environmentally friendly development models.
Both the WCED 1987 approach and the UNCSD 2012 approach are approaches leading the world away from BUSINESS AS USUAL as both of them knew that the sustainability issues they were tasked to solve are driven by irresponsible market behavior in social and/or environmental terms.
Now like if the WCED 1987 process and the UNCSD 2012 process never took place, out of no where the world is systematically pushing the idea of CIRCULAR TRADITIONAL ECONOMY to solve the development problems IT HAS CREATED as documented by those 2 different but linked processes.
They are presenting the idea of the CIRCULAR TRADITIONAL ECONOMY as a solution to the environmental market failure the WCED and the UNCSD linked to traditional market thinking under broken circularity in practice, but circular in theory by the environmental externality neutrality assumption given to us by Adam Smith in 1776 and under which his market can expand for ever without producing environmental externalities. Hence, it seems like the market supporting this CIRCULAR TRADITIONAL ECONOMY is no longer a traditional market, and hence, it is no longer AN ENVIRONMENTAL POLLUTION PRODUCTION MARKET.
And this raises the question, What type of market and price structure is behind this current push on traditional economy circularity?
What do you think?
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Thanks Prof. Lucio. I appreciate your contribution quite very well. I understand perfectly the essence of green economy and that was why I mentioned the adoption and utilistation of green fuel as substitute to hydrocarbon fuel to enforce an environmental sustainability all the world over. Thanks once again for your submission Sir.
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An enterprise output can be a 'good' or a 'service'. Let's discuss on how we calculate the full cost for an enterprise and find out where we have overlap and were we have divergence.
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Goods cost calculation and service cost calculation are essential aspects of financial management for businesses. Both involve determining the expenses associated with the production or provision of products or services, but they differ significantly in their calculation methods due to the distinctive nature of what they entail.
Goods Cost Calculation:
Goods cost calculation primarily revolves around the production and sale of tangible products. The key components of calculating the cost of goods include raw materials, direct labor, and manufacturing overhead. These costs are typically categorized into direct and indirect costs, with direct costs directly attributable to the production of a specific product, while indirect costs are allocated to all products based on predetermined methods.
Moreover, goods cost calculations consider inventory management, including the cost of goods sold (COGS), which accounts for the cost of products that have been sold during a specific period. Various accounting methods like specific identification, First-In, First-Out (FIFO), or Last-In, First-Out (LIFO) impact how costs are assigned to inventory and, subsequently, to COGS.
Service Cost Calculation:
In contrast, service cost calculation is focused on intangible offerings, such as professional services, consultancy, or labor-based services. The primary cost components for services are labor costs, which encompass wages, salaries, benefits, and other compensation for employees providing the service. Overhead costs, like office rent, utilities, and administrative expenses, are also considered.
Similar to goods, service costs include both direct and indirect costs, with direct costs directly linked to delivering a particular service, while indirect costs support the overall service operation. Pricing structures for services can vary, including hourly rates, flat fees, or customized pricing models based on market demand.
In summary, the key similarities between goods and service cost calculations lie in their division into direct and indirect costs. However, their differences are pronounced in the nature of these costs and the methods of calculation. Goods cost calculations are influenced by inventory management and specific accounting methods, while service cost calculations are more reliant on labor and overhead costs, often with variable pricing structures. Understanding these distinctions is crucial for effective cost management and pricing strategies in diverse business sectors.
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In manufacturing, a given processed metal part, as a final product, can be both a good or a performed service.
I am curious to see everyone's opinion on the importance of economic science and management to be able to differentiate goods from services clearly and how this can help an industrial enterprise with production planning, cost calculations, major optimizations, etc.
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Mohammad Akhtar Think about this: Take an engineering enterprise, for example. It processes a metal part, and it becomes its final product. But this same final product can be both a 'good' or a 'service'. If the enterprise purchases the initial object state(the raw material) and owns the item throughout, it is a 'good' and is sold as one. But if a client has provided the initial object state (raw material or the metal part in a pre-processed state), the enterprise performs the processing operations, and the final product is the same as before (absolutely the same object with the same parameters), but in this case, it is a 'service'.
Goods: Sold objects whose substance belongs to the industrial enterprise sold to clients who are only concerned with the final state of the object.
Services: Sold process or manipulation activities over an object whose substance does not belong to the industrial enterprise but rather to the clients who are responsible for the object's initial state and are concerned with the final state.
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Greetings, I hope everyone is having a great day. Just wanted to share my joy of my paper being published in the field of open data and economics and would be happy to share the work which is on "https://doi.org/10.1007/s13132-023-01518-z".
Also, welcome any feedback or opinions from fellow colleagues and researchers.
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Arash Moghadasi Congratulations on your publication. Sounds interesting and a useful contribution to knowledge.
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Avoiding the shift from perfect traditional market thinking to perfect green market thinking since 2012 RIO +20 has created a deep green market paradigm shift knowledge gap.
Flipping perfect traditional market thinking to imperfect dwarf green market thinking since 2012 to avoid the shift to perfect green markets has created a deep dwarf green market paradigm flip knowledge gap too.
These knowledge gaps are apparently helping those researchers and institutions implementing development under permanent environmental market failure as well as confusing environmental stakeholders on proper place for action and protest as the responsibility of governments, of businesses and of consumers are changed, and even inversed depending on the market in question.
And this raises the question, green market paradigm shift knowledge gaps and dwarf green market paradigm flip knowledge gaps, are they academic tunneling/willful blindness push helpers?
What do you think?
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The concepts of "Green Market Paradigm Shift Knowledge Gaps" and "Dwarf Green Market Paradigm Flip Knowledge Gaps" represent critical areas of concern in the context of environmental sustainability and market dynamics. These knowledge gaps signify the disparities in our understanding of the evolving green economy and the challenges it presents.
The "Green Market Paradigm Shift Knowledge Gaps" pertain to the lack of comprehensive insights into the transformative changes occurring in the global economy as it increasingly shifts towards sustainability, eco-friendliness, and renewable resources. Addressing these gaps is crucial for policymakers, businesses, and researchers to harness the potential of this green transition effectively.
On the other hand, "Dwarf Green Market Paradigm Flip Knowledge Gaps" refer to the often overlooked or underestimated aspects within this shift, which could have significant impacts if ignored. They signify a potential blind spot in academia and policymaking, which, if not recognized, might hinder progress toward a truly sustainable global economy.
Both these knowledge gaps underscore the importance of robust research and comprehensive understanding in shaping a more sustainable and environmentally responsible future, ensuring that we do not inadvertently hinder our progress by neglecting critical aspects of the green market paradigm shift.
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A lot seems to be coming out in publications about the circular economy or sustainable development and the circular economy or circular economy and sustainability or circular economy, sustainable development and global warming...and so on.
All researchers and publications seems to have the same theme of directly or indirectly indicating that the broken circularity traditional market economy can be made circular by non-green market means; and hence, they advocate circularity without indicating where the circularity problem came from or comes from; hence, without indicating whether they are fixing a broken circularity problem or patching that broken circularity problem plus their circularity thoughts seem to be disconnected from the need to one day transition away from the pollution production based economies to the pollution free economies....
They seem to start with addressing the consequences of the broken circularity problem without any regards with respect to fixing the root cause of the broken circularity problem.
And this raises the question, Can you have a circular green economy without green markets? If No, why No? If Yes, why yes?
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They are interdependent
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Currently, there are many definitions of what are goods and services. Some of them define them as two completely different things. Others, like the Wikipedia page on this topic, state it is impossible to say that an item is either a good or a service, and there is a service-goods continuum. Another thing is the term product, which some say is a good, but most sources give two dimensions of a product - a service and a good
Let's discuss it!
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It is not possible to separate the product and the service because the service is linked to the product and the product is linked to the service. For example, the car is a product that provides transportation services. However, there are organizations in which the product is higher than the service, such as Apple, which produces a phone to provide communication services. Likewise, there are organizations in which the service is higher than the product, such as hospitals, which initially provide the service of diagnosing the disease and treatment is a product.
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The flipping from traditional perfect market thinking to imperfect dwarf green market thinking instead of shifting to perfect green market thinking in 2012 RIO + 20 transformed the role governments play when dealing with market failures and the way they would react when facing democratic and huma rights protest in response to the market failure,....
Which raises the currently important question:Did 2012 Rio +20 transform all governments in the Paris agreement from environmental externality policy correctors and enforcers INTO environmental externality cleaners and enforcers?. If Yes, why? If not, Why?
What do you think?
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In 2012 Rio+20 conference and the Paris Agreement did represent a significant shift towards acknowledging and addressing environmental externalities, it did not instantaneously transform all governments into "environmental externality cleaners and enforcers." The degree of transformation varies from country to country based on various factors, including economic, political, and social contexts. The journey towards environmental sustainability is ongoing and dynamic, with different governments making progress at their own pace.@https://sustainabledevelopment.un.org/rio20
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Everything In The World Is Made Of Mathematics. True Or False ?
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The statement "everything in the world is made of mathematics" is a philosophical assertion and can be interpreted in different ways. Mathematics is a fundamental tool used to describe and understand various aspects of the natural world and the universe. It is a language for modeling and quantifying various phenomena.
In a sense, one could argue that mathematics underlies the fundamental principles governing the physical world, and it plays a crucial role in our scientific understanding of reality. Many natural phenomena can be described and predicted using mathematical equations and models.
However, it's also important to recognize that not everything in the world can be reduced to mathematics. Many aspects of human experience, culture, emotions, and subjective consciousness cannot be fully captured or explained by mathematical equations. Mathematics is a powerful tool, but it is a tool for description and understanding, not the source or essence of everything in the world.
So, whether the statement is true or false depends on the interpretation and context in which it is used. Mathematics is an incredibly useful and powerful tool for understanding and describing the world, but it doesn't encompass every aspect of reality.
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Under perfect green markets if there is a market failure, should governments be expected to act as market failure correctors and enforcers in the face of social pressure?
I think yes, what do you think?
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Umesh, thank you for commenting. We agree then, under perfect marketing thinking, including perfect green market thinking, the only way government intervention is appropriate is when addressing market failures.
Let's flip the coint, What do you think the government would do if DWARF GREEN MARKETS, which make the environmental market failure permanent while externality management is going on, tend towards clear collapse,,,,should we expect them to act as market failure correctors and enforcers?
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whether the development of international industrial corporations and large international banks and investment funds operating internationally will be the main factor of economic globalization in the 21st century?
What other determinants will shape the processes of economic globalization in the 21st century?
Please, answer, comments.
I invite you to the discussion.
I have described these issues in recently published publications:
I invite you to discussion and scientific cooperation
Best wishes
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Your point of political relationships over geography Holm Arno Leonhardt makes sense. However, this possible (emerging) ideological trend (e.g. autocratic vs. market principle) will impede even economic regionalization as many bordering countries are 'governed' by conclicting political ideologies or power groups.
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Dear researchers,
As we know, the term "Progressive" and "Regressive" are frequently used in judging whether a tax policy would be more beneficial for the poor instead of the rich. Based on this, I was wondering whether these 2 terms can be used in decribing an infrastructure investment project? Because some of the infrastructure are funded by the tax paid by the people, and they may also lead to some different inpacts to the rich and the poor. Is that a correct “transfer” from tax to infrastructure investment?
Thank you!
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With respect to infrastructure investment and GDP growth, we can definitely speak about progressive or regressive effects for an economy. In this sense, we can, for example ask: how many hospitals does a sports stadium cost?
This is in consequence a matter of priorities and preference, generally decided everywhere by politicians and not by economists.
Economic rent seems to me the key issue, related to your question, dear Xutao Yang Economic rent is any excess payment for a service, good, or property above and beyond the minimum amount at which the person receiving payment would still have agreed to the deal. Although the term originated in terms of land, it can apply to any good, service or property which can be hired. It is both an indicator of market imperfections and a guide to the effects of taxation.
Generally, economic rent is considered unearned, e.g. a public infrastructure investment that benefits rentier groups; the problem isn’t the amount of money available, but where that money goes. This is intimately bound up with the question of where the decision power lies.
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Friedrich August von Hayek
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Every single industrial enterprise has its own business model. They are the specific way an enterprise functions. In engineering we have 3d and 2d models which we design and develop and put into manufacturing. What is the knowledge that helps us along the way of first designing a business model of a new enterprise and then guides us into realizing this same business model by establishing a real enterprise with numerous of employees, buildings, machines, know-how to use it all and to realize the product we create according to our idea for a business model?
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Imo, Trifon Stefanov , it is all about identifying gaps to meet unmet human needs, i.e. the entrepreneurial spirit identifies these need gaps by multiple-loop learning. With respect to F.Hayek, the market process is therefore the best information system for entrepreneurial activity and not planned economic agency.
Kirzner's entrepreneur is a person who discovers previously unnoticed profit opportunities. The entrepreneur's discovery initiates a process in which these newly discovered profit opportunities are then acted on in the marketplace until market competition eliminates the profit opportunity.
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The essential quality of a market system, contrary to popular thinking, is not that it promotes greed; but rather, that it renders greed harmless.” Israel M. Kirzner
Conclusion:
Entrepreneurship is a specific learning process, circumventing existing knowledge.
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My goal was never to just create a company. It was to build something that actually makes a really big change in the world.
M. Zuckerberg
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The Brundtland Commission knew or should have known in 1987 they were dealing with a sustainability problem when they concluded that we needed to go beyond business as usual to solve the social and environmental crisis associated with business as usual since 1876, they knew or should have not that this needed a sustainability fix not a sustainable development patch.
If they would not have mixed up a sustainability problem with a sustainable development problem they would have had 3 choices: a) to recommend going red markets if they were giving priority to the social sustainability problem they documented; b) ) to recommend going green markets if they were giving priority to the environmental sustainability problem they documented; and c) ) to recommend going sustainability markets if they were giving priority to the socio-environmental sustainability problem they documented. Instead, they recommended sustainable development, a patch to the issues, that does not take us neither close to the beyond business as usual model they asks us to go.
Then, the Rio + 20 process came along settling the sustainable development discourse by prioritizing the environmental issue and hence, deciding to go green economies, green growth, and green markets.
And this raises the question, Will the period 1987 to 2012 be known in the history of economic thought as a great sustainability thinking failure period?
What do you think?
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Robert, good day. I see you agree that period was a massive failure in terms of sustainability thinking sending us the way of sustainable development instead of sustainability based development. The Brundtland commission sent the world in 1987 into 6 different additive school of thoughts competing for development as each of them reflects a different form of sustainable development.
The confusing approach to sustainability issues the commision gave us in 1987 led in the end to given priority to the environmental sustainability issue, where in the Rio +20 Conference it was agreed that the way to go was green markets, green growht, and green economies, but in the end they avoided going this way, where we are now.....Since 1987 to 2012, the environmental sustainability issue went towards worse.....From 2012 to now, the environmental sustainability issue has gone even worse....
The common aspects in both periods is that decision makers have been focused on managing the consequences of the root cause driving the environmental sustainability issue, not on fixing the root cause of the pollution production problem issue.
Robert, have you ever seen the articles below?, they have some good food for thoughts
Introducing a Simple Qualitative Comparative Dichotomy Approach to State and Clarify Sustainable Development and Sustainability Related Concepts and Issues
Sustainability thought 177: What are environmental pollution production markets, environmental pollution reduction markets, environmental pollution management markets and no environmental pollution production markets? How do they work?
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Dear researchers,
I have a question on the concept or definition of 2 similar terms, which are effects and impacts, respectively. To the best of my knowledge, the "effects"means some sort of single and direct influence caused by a policy or an event, while "impacts" means a comprehensive influence of a policy or an event. Is that correct? If not, what is the clear concept of these 2 terms?
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Am in agreement with your definition and understanding of the 2 terms.
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Remark_1: science is not only about publishing papers dealing with problems that are acceptable (well seeing) by the "normal" academic canon or, on the other hand, with problems that are, relatively speaking, much easier to solve or, at least, it is not highly complicated to try to "solve".
Remark_2: scientists from the developing world, regardless the discipline, might start thinking farther on what does the "hard" Sustainable Development (SD) version mean for their countries, and how bad is to replicate (to support) discourses that comes from communities (whether interested stakeholders, nations, international organizations, think-tanks...) that want to keep the high rates of economic growth regardless any physical, ecological, and climate-based constraints. Much to my regret, there is a concerning amount of advocates to such an approach (outer-space mining) in Latin America as a whole... We need to rethink what development is all about and what will be the fate of the Latin American nations under such sustained trend of a lack of governance of the outer space domain.
- Is it really necessary to go far beyond Earth atmosphere to carry out very risky outer-space mining activities...?
- Why specific sectors are pushing for investing in the outer space mining when it is highly visible and measurable (at naked eye) the amount of thrash that it is piling up and surrounding all cities in the world...?
- What about the amount of metal, plastic and other "strategic" material (including wood/timber) that should be recycled at great scale in all continents and regions in the planet...?
- What education policies should transfer the current effort aimed at funding already useless careers and titles to empower the next generation of skilled workers, technicians, and experts in recycling al at levels of the society....? What impede that transformations in the labor force worldwide...?
- To the fans and advocates of the circular economy scheme: (1) have you already thought about the huge amount of energy that would be required for such a large-scale recycling (The thermodynamics laws always will matter despite economics could claim)...? (2) Shouldn't be a maximum number of human population that make circular economy feasible...? (Human population trends) are not in the equations of the hard SD version). (3) Do we (humans) have time for a step-by-step circular economy development (more action and less "floppy" business papers)...?
As I have pointed out in all my questions, the 2030 SDGs agenda is already compromised and no major advancement is being achieved regarding the speeding up overlapping and non-linear climate and Earth's ecology breakdowns, therefore, why humanity should embark in another wishful-thinking reckless economic push within the "New Space Economy"...?
As we keep trying to keep humans outside the equations..., all what be published regarding sustainability (science), governance, and the so-called cutting-edge research on Climate Policies and Action will be just a futile act of absolute incompleteness and despair.
Thus, I call scholars from all the disciplines to carry out their major effort in adding the humans into their equations (schemes, models) and start writing as we are the root of the current problems , but also the solutions to those human-sparked messes... A major shift must be empowered in the way science is made... Science has being under crisis for twenty years or so... We all know by 2000 the problem will be greater and will advance faster than our potential response as a species... All has been an unprecedented large-scale denial...
Willing to interact to write more realistic (with policy implications) papers and for teaming (network-building) in searching for implementing sound "cutting-edge" research proposals whenever funds will be available.
Regards,
Hernan L. Villagran
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Congrats for the policy draft; it raises key questions, with methodical respect to the applied development of sustainability science.
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The sustainable development discourse released by the Brundtland Commission in 1987 ended in 2012 RIO +20 with the agreement to go green markets, green growth and green economies, WHICH MEANS that the sustainable development model that won the competition was the win-win eco-economic model.
Yet since then, people do not longer talk about the circular green economy or the still broken circular dwarf green economy as ways of fixing or patching respectively the environmental pollution problem we are supposed to be trying to address.
Researchers and institutions as seen in research shared in Researchgate have decided to use a general term that means nothing and everything at the same time, THE CIRCULAR ECONOMY without indicating what they are trying to fix as they should know what the root cause of the traditional market broken circularity is or at least saying they are still talking about saving the traditional economy that was left behind in 2012 Rio +20, the one the Brundtland commission said in 1987 we should go beyond from as it had not worked.
Keep in mind, there is fully broken circularity, there is partially broken circularity, and there is true circularity, but this is found within the green market paradigm shift knowledge gap that was created when shifting from perfect traditional market thinking to perfect green market thinking.
And this raises the question, Can you go from fully broken circularity to unbroken circularity in any market, including in the case of perfect traditional market and the environmental problem, without internalizing the externality costs associated with production?. What do you think?
If you think Yes, then why you think so?
If the answer is NO, are then the CIRCULAR ECONOMY thoughts being advance more often now in and outside Researchgate as a good sustainable development or sustainability or climate change tool based on alternative academic facts?
What do you think?
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Stephen thank you for commenting.
Had I been alive in 1776 when Adam smith gave us the theory of the perfect traditional market, the one that can expand for ever without producing social and environmental exernalities I would have told him he was proposing the perfect environmental pollution production market and I would have showed him why... then if the business and ACADEMIC community had still gone along with it...the environmental crises highlighted by the Brundtland commission in 1987 would not have come as a surprise and they would had to reccomend going green markets to solve the environmental sustainability problem to create a circular green economy instead of sending the world FISHING now decades using a thinking inconsistent the the sustainability nature of the problem they were TASK to solve....they should have know that any sustainable development approach is a PATCH, not a fix.
As scientists, if the academic truth leads you to reccomend a fix you have to reccomend a fix WHETHER IT IS POLITICALLY DIFFICULT OT NOT. A scientist would call a patch a patch and highlight that the problem is not just still there when there is a patch, but it is unconnected to the patch. If a scientist presents a Patch as a Fix he or she is not acting outside science and tending into the ideological/political world, and to stay in that world you need to use ALTERNATIVE academic facts...
Had Adam Smith giving us the theory of the perfect green markes and the world would had embraced it....we would be talking today about how to make the green economy socially friendly instead of trying to leave SCIENCE behind to keep the traditional economy who we know has not worked and green thinking says it will not work outside it STILL RUNNING as long as possible knowing that the planet existence is at stake when we avoid to fix the environmental problem head on...
Respectfully yours
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Is Time Money? Does Using Your Time Adequately Impact Your Financial Performance?
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Yes,
  • Your primary source of income often comes from the time you spend working. The more productive and efficient you are during your working hours, the more you can earn. For example, if you're an assistant professor, dedicating your time to teaching, research, and other productive tasks can lead to promotions, higher salaries, and better financial stability.
  • Investing your time in learning about financial matters, such as stocks, real estate, or entrepreneurship, can lead to wise investment decisions. This, in turn, can increase your wealth over time. Learning and making informed financial choices require an investment of time.
  • Many people use their free time to start side businesses or freelance work. This extra effort can generate additional income, which can significantly impact your financial well-being. For instance, if you have programming skills, using your free time to freelance can boost your earnings.
  • Spending time on acquiring new skills and knowledge can open up better job opportunities or entrepreneurial ventures. A well-educated and skilled individual often commands higher pay or can create a successful business.
These are points I believe that can proove that Time is Money, Hope it helps Kwadwo Boakye
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I think yes, what do you think?
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John, the environmental problem is a global problem regardless of local roles/contributions like China or Canada or the USA or the EU.
Had at least the western world gone green in 2012 and set up green markets and China and India and Russia and other countries were out of green markets, then perfect green market theory suggest that you can put a cost on importing non-green goods and services so green markets could have been used to push China to go green markets or lose the western markets. Had the EU together with the rest of the western world gone green markets, the energy impact of the war in Ukriene on EU countries would have been small as they would have gone out of non-renewable to produce at the lowest green market price possible and hence they would not have provided money to Russia for buying non-renewable energy to amass a stronger military....
Just a Covid brough countries to their knees because it affected the survival of the supply side of the market/THE RICH without the possibility of decoupling from the health threat, then when the environmental crisis becomes binding and threaten the survival of the supply side of the market/THE RICH without a decoupling possibility from the binding environmental threat, then they move towards green markets as a way to save the survival of capitalism as green capitalism as countries again will be on their knees.
Thanks again for taking the time to comment. It is nice to see that I am not the only once who sees and talks about these a kind of antisciency acts, academic tunneling and willful academic blindness.
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Can economic growth occur in the short term? If the answer is no, what is the reason behind economic growth not occurring in the short term and occurring only in the long term?
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There are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy, but only strong productivity growth can increase per capita GDP and income. The temporal aspect of economic growth, dear Mohammed Asseel , is therefore based on the realization of dynamic efficiency, i.e. dynamic and efficient allocation of
  • Natural resources.
  • Human resources.
  • Technology.
  • Capital formation.
  • Dynamic efficiency is influenced by, for example, research and development, investment in human and non-human capital and technological change. It is when all resources are allocated efficiently over time, and the rate of innovation is at the optimum level, which leads to falling long run average costs.
  • In terms of the: Golden Rule capital stock in the Solow Growth Model
  • https://www.csus.edu/indiv/v/vangaasbeckk/courses/100a/sup/goldenrule.pdf
  • rapid economic growth can occur in short-term or time, in the sense of a speedy human learning curve for value creation (learning that pays).
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Think about it, the type of market determines the who is accountable for negative or positive environmental outcomes.
Which makes the question relevant consistent with current negative environmental trends driving global warming, who will be blamed if the environment fully collapses in front of our eyes: governments or businesses? Why?
What do you think?
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Lakshmi, good day. Can you please take the time to read the context below the question on which this specific question is based? The type of market guides you to see where the responsibility are for consumption and production action and for addressing market failures when they happen. In the type of market we are living in, Who will be blamed if the environment fully collapses in front of our eyes: governments or businesses? Why?
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Imaging there is an ongoing water leak coming down the ceiling of your business, you can either fix the water leak or you can patch it through management. Suppose all businesses have the same problem. All businesses together have a huge lobbying power.
Then you can look at the fixing solutions from the free market and non-free market point of view or from the science based and non-science based point of view or from the pollution reduction market and pollution management market point of view.
In other words, you would be dealing with the situation from the naked environmentalist and from the environmentalism with a mask point of view, where proper solutions compete with improper solutions, and improper solutions win.
Which raises the question: Can the solutions to the water leak dilemma be used to stress the solutions to the environmental pollution dilemma? And used to describe the supremacy of the improper solution?
What do you think?
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Good day Chuck, thank you for taking the time to comment.
Did you read the context below the question on which the question is based? Your comment indicate you did not read it.
If you understand that the water leak dilemma has two solutions as indicated there, then the question relates to can you use it to make an analogy substituting water leak dilemma for environmental pollution leak dilemma to stress the solutions to the environmental problem.
Can you see how based on the context how an analogy related to the environmental pollution dilemma can be put together? If you see it, the answer to the question is then yes. If you can not see it, still the answer to the question is yes.
Thank you for taking the time to write.
Respectfully yours;
Lucio
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I am trying to find data on the main producers of clean technology and which countries they are exporting these goods to. Does anyone know of a good source to find such data?
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You can find data on clean trade flows/dependence from major manufacturing countries like China from the United Nations Conference on Trade and Development (UNCTAD) website.
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To date, the human cost of coronavirus (COVID-19) is more than 13 000000 infections, and more than 570000 death worldwide. The economic cost so far has been staggering. Many economies almost come to a halt. The impact on supply, demand, the financial market is affecting both larger and smaller firms. However, SMEs are at a disadvantage due to limited resources, existing obstacles in securing capital, and the span of time over which they can survive this pandemic compared to the larger firms.
How SMEs and new start-ups are going to handle this pandemic? Can they survive it or a great majority of them will go out of business? Should the government step in to help?
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The impact of COVID-19 on new start-ups and small and medium-sized enterprises (SMEs) has been significant and varied. While some have managed to survive and even thrive during these challenging times, others have faced substantial challenges and, unfortunately, some have been forced to shut down. The overall impact depends on several factors, including the industry, location, adaptability, financial stability, and the duration and severity of lockdowns and restrictions in their respective regions.
Challenges faced by start-ups and SMEs during COVID-19:
  1. Revenue Loss and Cash Flow Constraints: Many start-ups and SMEs experienced a sharp decline in revenue, especially those operating in industries directly affected by lockdowns and social distancing measures, such as hospitality, travel, retail, and entertainment. This revenue loss led to cash flow constraints, making it difficult for businesses to cover operational expenses and debts.
  2. Supply Chain Disruptions: The pandemic disrupted global supply chains, leading to shortages of raw materials and delayed shipments. This affected the production and distribution capabilities of many start-ups and SMEs, especially those reliant on imported goods.
  3. Reduced Consumer Spending: With economic uncertainty and job losses, consumer spending decreased in various sectors. Start-ups and SMEs relying on discretionary spending saw a decline in demand for their products or services.
  4. Limited Access to Funding: Investors became cautious during the pandemic, and many venture capital firms shifted their focus to supporting existing portfolio companies rather than making new investments. As a result, new start-ups found it challenging to secure funding.
  5. Remote Work Transition: The sudden shift to remote work posed challenges for some start-ups and SMEs that were not prepared for a remote work environment. It impacted team collaboration, productivity, and the overall work culture.
  6. Uncertainty and Fear: The overall uncertainty caused by the pandemic led to fear and hesitancy among consumers and businesses. Start-ups and SMEs struggled to plan for the future, not knowing how long the pandemic and its economic effects would last.
Adaptation and Survival Strategies:
Despite the challenges, some start-ups and SMEs have managed to survive and even thrive by adopting various strategies:
  1. Digital Transformation: Businesses that quickly adapted to online operations, e-commerce, and digital marketing fared better during the pandemic. Those with robust online platforms were able to continue selling products and services to a wider audience.
  2. Pivoting Business Models: Some start-ups changed their core offerings or targeted new markets that were in demand during the pandemic. For example, some restaurants switched to takeout and delivery services, and some clothing manufacturers began producing face masks.
  3. Cost Optimization: Companies that implemented cost-cutting measures and managed their finances efficiently were better positioned to weather the crisis.
  4. Government Support: Various governments worldwide offered financial assistance, grants, and loans to support struggling businesses during the pandemic.
  5. Innovation and Creativity: Start-ups and SMEs that continued to innovate and find unique solutions to pandemic-related challenges had a higher chance of survival.
Can they survive?
The survival of new start-ups and SMEs amid the ongoing impact of COVID-19 remains uncertain and heavily dependent on various factors. Those that have successfully adapted their business models, managed their finances, and embraced digital transformation are more likely to survive. However, many businesses, especially in highly affected industries, continue to face significant challenges.
As the situation evolves and vaccination efforts progress, economic recovery is expected, which can provide some relief to struggling businesses. However, it may take time for certain industries to fully recover.
In conclusion, while the pandemic has posed immense challenges for new start-ups and SMEs, those that have been resilient, adaptable, and creative in navigating these unprecedented times have a better chance of survival. Government support, access to funding, and a gradual return to normalcy will also play crucial roles in determining the fate of these businesses.
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Since the start of the COVID-19 Pandemic, many governments and private organizations allocated large sums of money to fund projects dealing with various areas related to this virus. The vaccine is the most prominent area but detection, caring and monitoring of the patients revealed that the current medical equipment is not adequate and sufficient. Are these funding going to lead to invention or innovation? have you seen any report of innovation in medical technology in your community?
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Yes, the COVID-19 pandemic is likely to serve as an engine for innovation in medical technology. The unprecedented challenges posed by the pandemic have driven the healthcare and medical technology industries to rapidly develop and adopt innovative solutions to address the crisis. Here are some ways in which the pandemic has accelerated innovation in medical technology:
  1. Vaccines and Therapeutics: The urgent need for vaccines and therapeutics to combat COVID-19 led to unprecedented global efforts in research and development. The development and deployment of mRNA vaccines, such as those from Pfizer-BioNTech and Moderna, showcased the potential of new vaccine technologies.
  2. Telemedicine and Remote Healthcare: The pandemic pushed the adoption of telemedicine and remote healthcare solutions to provide medical services to patients while minimizing in-person contact. Virtual consultations, remote monitoring, and telehealth platforms have become more widely accepted and integrated into healthcare systems.
  3. Digital Health Solutions: Contact tracing apps, health monitoring wearables, and digital health platforms have been developed or repurposed to help track and manage the spread of the virus, monitor patients' health remotely, and provide real-time data for public health officials.
  4. Medical Imaging and AI: Artificial intelligence (AI) and machine learning algorithms have been applied to medical imaging, such as chest X-rays and CT scans, to aid in the detection and diagnosis of COVID-19. These technologies have shown promise in enhancing diagnostic accuracy and efficiency.
  5. Ventilator Innovation: The high demand for ventilators during the pandemic spurred efforts to develop and produce new and more efficient ventilator models to support patients with severe respiratory issues.
  6. Rapid Diagnostic Tests: The need for quick and accurate COVID-19 testing led to the development of various rapid diagnostic tests, including antigen tests and molecular point-of-care devices.
  7. Supply Chain and Logistics Innovations: The pandemic highlighted vulnerabilities in the medical supply chain. Innovations in supply chain management and logistics have been explored to ensure the efficient distribution of medical equipment, PPE, and vaccines.
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Economics of different countries is collapsed because of COVID-19. What you think? What will be the opportunities of funding at higher studies after this Pandemic? Please share your thoughts regarding this issue. Your valuable thoughts will be highly appreciated.
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The COVID-19 pandemic has caused disruptions and changes in various aspects of higher education, including funding opportunities for international students pursuing higher studies in different countries. While the pandemic has presented challenges, it has also led to some opportunities in funding for students. Here are some potential opportunities to consider:
  1. Scholarships and Grants: Many universities and governments around the world offer scholarships and grants to attract international students. After the pandemic, there may be increased emphasis on supporting students from diverse backgrounds, including those affected by the economic impact of the pandemic.
  2. Financial Aid and Support: Some countries and institutions may increase their financial aid packages to help students overcome financial barriers to higher education.
  3. Research Funding: Universities and research institutions may focus on research related to pandemics, public health, and other fields that are crucial in addressing global challenges. This could create additional funding opportunities for students interested in these areas of study.
  4. Industry Partnerships: There might be increased collaboration between universities and industries to address pandemic-related issues and other global challenges. This could lead to funded research projects and opportunities for students to work on practical and relevant research.
  5. Online Learning Opportunities: The pandemic has accelerated the adoption of online education. Students may find opportunities to access high-quality education from prestigious institutions around the world through online programs, often at a more affordable cost.
  6. Government Initiatives: Some governments may introduce special funding initiatives or incentives to attract international students as a part of their economic recovery plans.
  7. Flexible Work and Study Options: In a post-pandemic world, some countries might offer flexible work options for international students, allowing them to support their studies financially while gaining work experience.
  8. Remote Research Opportunities: Students may find opportunities to collaborate on research projects remotely with universities and research centers around the world, which could lead to funding support.
  9. Philanthropic Contributions: Donors and philanthropic organizations might increase their contributions to support higher education and research in response to the pandemic's impact on the global community.
It is essential for students to actively research funding opportunities and stay updated on the latest developments in higher education funding. Many funding opportunities have specific application deadlines and requirements, so students should plan ahead and be proactive in seeking financial support.
Additionally, students can reach out to their prospective universities' international student offices or financial aid offices to inquire about available funding options and scholarships tailored to their field of study and background.
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The traditional economic market and individual preferences and singular welfare functions go together.......
Does the shift to green markets mean the end of singular welfare functions?
What do you think?
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The shift to the green economy does not necessarily mean the end of singular welfare functions. In fact, many green policies are designed to promote social welfare and reduce inequality. For example, policies that promote renewable energy can create jobs and reduce energy costs for low-income households. Similarly, policies that promote sustainable agriculture can help small farmers and improve food security
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There seems to be widespread confusion out there about these two different definitions and one concept is usually defined as the other, for example the definition below is defining green capitalism as dwarf green capitalism, can you see why?
"" Green capitalism is an approach that attempts to use free-market mechanisms to mitigate anthropogenic climate change. Its advocates argue that the market supplies the best means to innovate technological solutions that can compete with existing polluting practices.Sep 23, 2022
Green capitalism, climate change and the technological fix: A more-than ...
📷
Can you see the reasons why that definition is not a definition of green capitalism? If yes, please list those reasons!
Note:
------to be able to see those reasons you need to be familiar with perfect green market thinking and with imperfect dwarf green market thinking.
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Green capitalism refers to an economic approach that seeks to reconcile economic growth and profit-making with environmental sustainability. It proposes that businesses and industries can adopt environmentally friendly practices, technologies, and products while still generating profits. The underlying idea is that market forces and private enterprise, when directed towards environmentally friendly solutions, can lead to positive environmental outcomes.
On the other hand, "dwarf green capitalism" is not a widely recognized term or concept in mainstream discourse as per my knowledge. It's possible that it could refer to a niche or emerging theory or be used in a specific context that is not widely known.
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Hi,
In a current paper, i'm investigating an effective model to examine the indirect relationship stemming from cultural variables to country level relationships and cross country economic decision making, but i hear it is rather uneasy to land a publication opportunity where cultural variables are involved, how true is this? what are your methodological guidance in this regard?
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if your article it's ok (methodolgy, statistical analysis, a good ask research, etc), you'll can publish your work, i don't see problem with it. How do you pretend to test the effect of cultural variables over country level relationships?
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Imaging that for modelling convenience we take dependent variables as independent in order to simplify the world, that would lead to conflicting schools of thoughts addressing the same issue in a compartamentalized manner. In other words using independent variable thinking to address system stability analysis should be expected to lead different rootcausality, and to different, a competing approaches on how to address the same system stability issue. Think for example.of system stability frameworks based on market dynamics and population dynamics and environmental concerns. Which lead to the question: Would wrongly assuming that dependent variables are independent provide a distorted view of the problem?
What do you think?
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Dear Xiaojie and Michael. Thank for commenting. I asked the question with the variables market dynamics and population dynamics and their impact on development problems in mind. If taken as independent variables it leads to having two independent independent root causes driving system stability, positive or negative. If the nature of populations dynamics is driven by the nature of market dynamics, then there is only one root cause affecting system stability as then populations dynamics, positive or negative is a consequence of the nature of market dynamics, positive or negative.
As you may know the traditional view is that they are independent variables, a view that began in 1776 with Adam Smith traditional market thinking, which continues today with frameworks like the UN responsible production and responsible consumption framework. On the other hand, extreme population dynamics based frameworks like the ecological overshoot work under market dynamics neutrality assumptions. I think that facts show that those variables are not independent, which leads to a systematic view of how the issue of system stability like environmental problems should have been looked out by the Brundtland commission in 1987 "our common future", but instead it was looked out through sustainable development theory that works under population dynamics neutrality assumptions. So if dependent variables are taken as independent variables it would lead to distorted policy recommendation and compartamentalization.
Thank you for commenting.
Lucio
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Unethical business practices operate in different countries to varying degrees and participate in economic processes.
For many entities, market participants, business partners and consumers, they generate additional costs.
They can also be a source of gray economy growth, including avoiding paying taxes.
Thus, there are social costs for individual entities and financial for the entire economy.
On the capital markets, one of unethical business practices is, for example, insider trading, ie the use of confidential information by decision-makers with access to confidential information used to conduct transactions to purchase or sell financial instruments, including securities or other securities or other capital markets.
In individual countries, there are various instruments to combat the use of unethical business practices, the shadow economy, etc.
The effectiveness of individual normative solutions, the scale of restrictions applied, and the business mentality of market participants, entrepreneurs and businessmen are different.
Another mentality is related to the level of awareness regarding corporate social responsibility.
In individual countries, social campaigns are carried out suggesting the legitimacy of developing concepts based on corporate social responsibility.
In view of the above, please answer the following question: Is unethical business practices a negative external effect of non-ideal market structures or imperfection of the social market economy?
Please, answer, comments. I invite you to the discussion.
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Imperfections of the social market economy as unethical business practices do reflect human behavior, i.e. not external to market structures as the market should not be idealized as perfect answer to satisfy human needs.
As the old police officer saying at shift change goes: be careful out there !
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there are many statistics software that researchers usually use in their works. In your opinion, which one is better? which one do you offer to start?
Your opinions and experience can help others in particular younger researchers in selection.
Sincerely
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SPSS, as my results necessitate analysis using SPSS
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What are the most serious problems of civilization development that should be solved as soon as possible? What are the global problems for which research should be developed and solutions to these problems resolved in 2019 and in subsequent years?
One of such research problems, which should not be postponed for an indefinite future, is the need to develop environment-friendly sustainable economic development in order to slow down the adverse process of global warming.
With the warming of the Earth's climate, the risk of more dramatic climate cataclysms, including tsunamis, increases.
Tsunami may be a derivative of the global warming problem. Global warming generates an increase in climate disasters, including more cases of tsunamis.
But not only is the risk of more violent and more dramatic tsunamis rising. Also in recent years, there has been more other types of climate and natural climate catatics, such as droughts, rainstorms, tornadoes and weather anomalies.
At present, it should no longer be asked whether global warming generates an increase in natural disasters only what rate of growth will be recorded in the future? So many data, research centers confirms the progressing process of global warming, that the problem is unquestionable.
More and more data points to the growing risk of climate change, unfavorable for human and life on the Earth, increase of climate disasters, climatic and weather anomalies, which are the result of global warming, rising average annual temperature near the Earth's surface.
Now we should just ask: How can these adverse processes be counteracted? What ecological technologies, renewable energy sources, how to help natural environments, how to rebuild them, such as afforestation, to build natural ecosystems absorbing greenhouse gases?
How to develop ecological business ventures? How to create financing systems for this type of pro-ecological projects? How to dispel international cooperation in this matter? What actions should be taken to move towards the development of a new ecological green economy?
How to develop environmentally sustainable economic development to slow down the unfavorable warming of the Earth's climate?
Please reply. I invite you to the discussion
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Enhancing Nature-based Solutions in Serbia
The role of ecosystems in disaster risk reduction and climate change adaptation
The overall purpose of the scoping study (hereinafter: Study) is to provide a state-of-the art overview of the Serbian national context with regards to the application of Nature-based Solutions (NbS) approaches for climate change adaptation (CCA) and disaster risk reduction (DRR)...
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Imagine a world where developing countries have to work under dwarf green market thinking as they do not have the resources needed to close their renewable energy technology gap and they are then stucked in a world of bearing climate change without a path to environmentally clean markets. And imagine developed countries using their resources to close their renewable energy technology gap as they have the resources to do so and work under green market thinking with a clear path to transition to an environmentally clean economy.
We can look at this bipolar world as existing under a closed system and under an open system environment. Which raises the question: Competition between dwarf green markets and green markets under closed and open systems: How does it work? Which countries would fall first?
What do you think?
Respectfully yours;
Note:
You need to know the difference between dwarf green markets and green markets in terms of model structure and price structure and in terms of how they work to be able to address this question.
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Jordi, good day, Thank you for taking the time to think about it and give it a detailed try. If we were comparing dwarf green markets in developing countries vrs dwarf green markets in developed countries, you comment is perfect and detailed, but the question is about dwarf green markets vrs green markets having just for example developing countries setting up and implementing dwarf green markets and developed countries setting up and implementing green markets.
The note at the end of context in question reads: Note:
You need to know the difference between dwarf green markets and green markets in terms of model structure and price structure and in terms of how they work to be able to address this question.
Jordi, you can find ideas about the differences between these two different types of markets and about green market thinking and dwarf green market thinking in general in the following articles, Take a look at them when you have time:
The Flipping of Traditional Economic Thinking: Contrasting the Working of Dwarf Green Market Thinking with that of Green Market Thinking to Highlight Main Differences and Implications
Beyond Traditional Market Thinking: What is the Structure of the Perfect Green market?
From Traditional Markets to Green Markets: A Look at Markets Under Perfect Green Market Competition
Sustainability thoughts 109: Linking perfect green market theory to the circular green economy
Sustainability thought 169: Does defining sustainability as sustainable development requires alternative academic facts? If Yes, what is the nature of these alternative academic facts?
Sustainability thoughts 130: Can green economies and green growth exist without green markets? If not, why not? What is the current main development implication of this?
Sustainability thoughts 139: How can the 2012 road to transition from environmental pollution based traditional economies to the environmentally clean economies that the world never built be pointed out?
Sustainability thought 162: Can we transition from the environmentally dirty economy to the environmental clean economy with the use of dwarf green markets? If no, why not?
Sustainability thought 177: What are environmental pollution production markets, environmental pollution reduction markets, environmental pollution management markets and no environmental pollution production markets? How do they work?
Sustainability thought 179: Can we transition from the environmentally dirty economy to the environmental clean economy with the use of green markets? If Yes, why?
Sustainability thoughts 105: An overview of the externality structure of all possible markets and of the specific market illusion under which each of them operates.
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Any source/s to refer to on identifying methodological gaps/methodology gaps in research?
Please mention the links.
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A methodological gap refers to a deficiency or inadequacy in the research methods or approach used in a particular study or field. Identifying a methodological gap involves recognizing a limitation or area for improvement in the methodology employed. Here are some steps to help you identify a methodological gap:
  1. Understand the research context: Familiarize yourself with the subject area and the specific research topic of interest. Gain a clear understanding of the existing literature, theories, and methodologies commonly employed in the field.
  2. Review previous studies: Conduct a comprehensive review of relevant literature and examine previous studies that have addressed similar research questions or topics. Look for common trends, methodologies, and approaches used in these studies.
  3. Identify limitations or gaps: Analyze the existing literature critically and identify any limitations or gaps in the methodologies used. Consider factors such as sample size, research design, data collection methods, data analysis techniques, or theoretical frameworks employed. Look for areas where the methods used may have restricted the study's scope, validity, generalizability, or reliability.
  4. Evaluate research objectives and questions: Assess the research objectives and questions of the study you are examining or conducting. Determine if the selected methodology adequately addresses these objectives and research questions. Look for areas where the current methodology may fall short in providing a comprehensive understanding or solution.
  5. Consider alternative approaches: Explore alternative methodologies that could potentially address the identified limitations or gaps. Consider different research designs, data collection techniques, statistical analyses, or theoretical frameworks that may offer more robust or nuanced results. Assess whether these alternative approaches would better align with the research objectives and questions.
  6. Consult with experts: Seek the input of experts or researchers in the field. Engage in discussions or collaborate with colleagues who have expertise in the specific research area to gain their insights and perspectives on potential methodological gaps. They may provide valuable feedback or suggest alternative methodologies.
  7. Justify the identified gap: Once you have identified a methodological gap, it is important to provide a rationale for why the gap exists and why addressing it is necessary. Clearly articulate the limitations or deficiencies in the current methodology and explain how rectifying the gap would enhance the validity, reliability, or overall quality of the research. Source Chat GPT Retrieved 24/5/2023
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What is the scale of the decline in the cost of servicing public debt generated by sustained high inflation over the long term? In what relations of the level of debt of the system of state finances, the budget deficit in the central budget of the state, the level of the rate of economic growth, the level of investment, consumption, unemployment, inflation, interest rates does the state benefit from high inflation to reduce the cost of servicing public debt in the context of the high level of debt of the system of state finances?
Thanks to high inflation, tax revenues increase in the central state budget, the main element of the state's public finances. Research centres independent of the government estimate that, thanks to high inflation in recent quarters, around PLN 5 billion has additionally flowed into the state budget. As the indebtedness of the public finance system has increased dramatically over the past few years and, in addition, during the SARS-CoV-2 (Covid-19) coronavirus pandemic, the government has injected over PLN 200 billion of additional, printed money into the economy, so the risk of indebtedness of the public finance system is growing. In the situation of a deepening downturn in Br 2023, the scale of the debt of the state's public finance system could still increase significantly. In such a situation, rating agencies operating through investment banks could significantly lower the solvency and creditworthiness ratings of public finances, which would result in an increase in the investment risk of funds invested in Treasury bonds and it would be necessary to increase the interest rate of these securities sold to foreign investors. This would significantly increase the cost of rolling over successive series of issued treasury bonds and increase the cost of servicing the debt of the state's public finance system, the cost of servicing public debt. For the government, it is better to keep inflation high, because this way the scale of the increase in the cost of servicing the public debt is smaller. Unfortunately, this comes at the expense of the rapidly declining purchasing power of the money available to citizens and economic agents. From mid-2022 onwards, the wage increases that employers are implementing for employees in companies, enterprises and institutions no longer compensate in full for the rapidly declining purchasing power of money due to high inflation. This whole process, which began with the use of so-called Anti-Crisis Shields during the SARS-CoV-2 (Covid-19) coronavirus pandemic, is the result of Poland's short-sighted and chaotic economic policy. These Anti-Crisis Shields consisted of non-refundable financial subsidies for the majority of economic entities operating in the country in the form of government subsidies to salaries of employees working mainly in commercially operating companies and enterprises and other forms of financial support aimed at limiting the scale of growth of unemployment during large-scale lockdowns imposed in Poland on selected sectors of the economy and national quarantines introduced during as many as three consecutive waves of the SARS-CoV-2 (Covid-19) coronavirus pandemic from March 2020 to early 2021. The procedure of imposing the Shields on operators in certain economic sectors during the ongoing investigations in many countries was considered questionably legitimate as so-called 'anti-pandemic safety instruments', i.e. slowing down the development of coronavirus infections. The main effect of the aforementioned Anti-Crisis Shields was an increase in inflation already from the beginning of 2021, followed by an increase in interest rates by the central bank in Poland, i.e. the National Bank of Poland, between October 2021 and September 2022. This resulted in a significant increase in loan instalments paid by borrowers to commercial banks and a decrease in the creditworthiness of new borrowers. Then, from as early as the beginning of 2022, economic growth began to decline rapidly, inflation continued to rise, investment levels began to fall and by the end of 2022 the beginning of a decline in consumption was noticeable. From mid-2022 onwards, housing developers have been reducing investment levels in the construction and delivery of new houses and flats. Accordingly, the chaotically short-sighted economic policy pursued, in which the pandemic crisis of 2020 was exacerbated by lockdowns imposed on selected, mainly service sectors of the economy, and the so-called Crisis Shield programmes applied, triggered an increase in inflation and an even more serious and economically realistic deepening of the downturn in 2022 and 2023. In addition, the applied restriction (solar energy, biofuel-based energy) and inhibition (wind energy in 2016) of the development of renewable and emission-free energy sources caused a significant decrease in the energy security of the domestic energy sector resulting in an extremely acute energy crisis of 2022, highly costly for citizens. In view of the above, the chaotic short-sighted economic policy conducted by the increasing level of state interventionism carried out by the government over the past 8 years, including the increasing level of government control of certain sectors of the economy, the increasing scale of the application of the so-called "Anti-Crisis Shield", the increasing scale of the introduction of additional, printed money into the economy without coverage led to the formation of even greater crises. As the next parliamentary elections are due to be held in autumn this year 2023, which the PIS political option in power for the last eight years plans to win, so further programmes of non-refundable subsidies for selected types of enterprises continue to be applied, which becomes another pro-inflationary factor. However, high inflation for the government apparently is the least of all problems, because thanks to high inflation, as I wrote above, tax revenues to the state budget are higher and thus the cost of servicing the high public debt is lower.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
What is the magnitude of the decrease in the cost of servicing the public debt generated by sustained high inflation over the long term? In what relations of the level of debt of the system of state finances, the budget deficit in the central budget of the state, the level of the rate of economic growth, the level of investment, consumption, unemployment, inflation, interest rates does the state benefit from high inflation to reduce the cost of servicing public debt in the context of the high level of debt of the system of state finances?
And what is your opinion on this?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Best regards,
Dariusz Prokopowicz
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Increasing the current annual inflation target regime from 2 percent to 3 percent inflation reduces debt while lowering GDP. Higher inflation reduces the real value of the government’s outstanding debt while increasing the tax burden on capital investment due to a lack of inflation indexing.
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I have already revised some of the data streams (WDI, WID or world income inequality, Unctadstat, Ford) where quite a large number of data (yearwise) are missing. How to recover the data? Can I use data cleaning or other methods when many years of data are missing? Or, is there national data streams such as Department of Statistics which can provide the missing ones?
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The best way to find data is to dig into the national bureaus of a country regarding any variable. You can use VPN and institutional email if they are not providing access.
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As a consequence of the 2012 green market paradigm shift avoidance all countries are left on their own to address the environmental crisis without a common green market framework to promote, expand, and nurture economic activity systematically.
All countries are following different versions of dwarf green markets and different definitions of green, some of them that are inconsistent with green market thinking, but politically viable....But politically viable, does not make it right as when you burn the gas you get CO2.....
For example, the EU came out with the definition of "green gas" to solve a political problem, in an environmentally unfriendly manner.. Now the US came out with the definition of "polluting gas" as CO2 from burning it is air pollution to address a political problem, but in an environmentally friendly way…. and this raises the question, .Who is wrong: The EU / Green gas or the USA / Polluting gas?.
What do you think?
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Phil, then you TOTALLY missed the POINT if you thought that the question was about what is the difference between a white egg and a brown egg....
I see know you the answer so let's leave here to avoid going around and around.
Have a nice day!
Lucio
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What are examples of social policy programmes that have increased the fertility rate in society, reduced the scale of family poverty and effectively acted and slowed down significantly the progressive process of long-term changes in the demographic structure of society known as the ageing process?
Unfortunately, not all such social policies have worked effectively. For example, in the country where I operate, such a social policy programme whose official strategic goal was to counteract the rapidly declining birth rate of children and the rapidly progressing process of demographic changes in society defined as ageing since the end of the 20th century in Poland is the Family 500 Plus Programme, introduced in 2016. Apart from this, the key ongoing objective of this programme was to improve the material status of children, financially support families raising children and reduce the scale of family poverty in Poland. In the first years of the programme's operation, i.e. from 2016 onwards, this programme became one of the important factors of economic growth. The Family 500 Plus programme consists of a monthly non-refundable transfer of PLN 500 for each child in the family. I have described the strategic goals of this programme as a key element of long-term, i.e. on a multi-year scale, socio-economic policy planning and implementation in my published articles and monograph chapters on my profile of this Research Gate portal. I invite you to join me for research collaboration on this issue. However, the Family 500 Plus programme has already been in place for several years. The design and introduction of this programme drew on models of similar programmes operating for years in other countries in Europe. this programme was introduced in Poland in 2016. It is now already 2023. In 2022, the level of child births in Poland was the lowest in more than half a century, so clearly this programme is completely failing to meet the strategic goals that were set out when this programme was introduced. These strategic objectives, in addition to reducing the scale of poverty among families with many children in Poland, were to significantly increase the fertility rate in society and thus counteract the progressive ageing of the population. This programme has been implemented by the PIS government in Poland for almost eight years. In connection with the fact that, according to political scientists, the introduction of this social policy programme helped the PIS political party to win the parliamentary elections in 2015 and 2019 and the formation of the government by this party, so for years there have been considerations as to whether the introduction of this social policy programme, i.e. the programme of financial support for families in Poland, was related not to the issue of long-term shaping of social and economic policy in Poland but to the issue of winning the parliamentary elections. In view of the above, the current goals of the Family 500 Plus Programme have been achieved, while the strategic goals, unfortunately, have not.
In view of the above, I would like to address the following question to the esteemed community of scientists and researchers:
What are the examples of social policy programmes that have increased the fertility rate in the society, reduced the scale of family poverty and effectively acted and slowed down to a large extent the progressive process of long-term changes in the demographic structure of the society defined as the process of ageing?
What do you think about this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Best wishes,
Dariusz Prokopowicz
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As far as ageing is caused by increasing (hopefully healthy) life expectancy, there is no reason for policies to slow it down. In many developing countries, ageing may be a desirable development. It makes no sense to have a compensating population growth in order to grow-out of ageing. There are enough people (one may even say: too many people) in the world. Every more contributes to mor environmental damage. A slight popultation shrinkage could mean that we are better off - even with a non-growing or shrinking GDP (because we Ias a society) dispose of considerable material wealth created in the past. Economists should foreget Neoclassical growth theories and try to find concepts for non-growing economies.
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If True , Why Is Staying Consistent A Key To Success ?
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Hello. #Consistency is important because it saves a lot of time and time management. On the one hand, if you #consistently do tasks and your work in plenty and therefore #consistently distribute your workforce, it will make your whole life, yes your whole life, easier. ##Conclusion: This is how you will find success and arrive at a minimalist way of consistent life. Best regards, Lubomir Lakatos.
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For the UN:
"A circular economy entails markets that give incentives to reusing products, rather than scrapping them and then extracting new resources. In such an economy, all forms of waste, such as clothes, scrap metal and obsolete electronics, are returned to the economy or used more efficiently."
And this raises the question: Is a circular economy focused on reusing waste a green economy or a dwarf green economy?
What do you think?
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A circular economy focused on reusing waste can be considered a green economy, as it promotes sustainability and reduces waste and resource consumption. However, whether it is a full-fledged green economy or a "dwarf" green economy depends on the scope and extent of the circular economy practices.
A green economy is an economy that is low-carbon, resource-efficient, and socially inclusive, and aims to promote sustainable development while reducing environmental impacts. A circular economy can contribute to these goals by reducing waste and promoting resource efficiency. However, to fully achieve a green economy, circular economy practices must be integrated with other sustainability practices such as renewable energy, sustainable land use, and reducing pollution.
Therefore, a circular economy focused on reusing waste can be seen as a step towards a green economy, but the full transition to a green economy requires a more comprehensive approach that addresses a range of environmental and social issues.
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Circularity in reusing waste implies a world under ongoing waste production disconnected from green supply and green demand dynamics.
The UN works seems not to even think about the need to link circular economic thinking with clean economy thinking so as to envision one day such a transition
And this raises the question: Can we transition to the environmentally clean economy through the use of reducing waste based circular economies?
I think No, what do you think?
What do you think, Yes or No, and why you think so?
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The transition to an environmentally clean economy requires a multifaceted approach, and while reducing waste through circular economies can certainly be a part of that approach, it is unlikely to be sufficient on its own.
Circular economies can help reduce waste and improve resource efficiency, but they do not necessarily address other environmental challenges such as reducing greenhouse gas emissions, promoting renewable energy, and protecting biodiversity. A comprehensive approach to the transition to an environmentally clean economy should involve a combination of measures, including circular economy strategies, clean energy development, sustainable land use practices, and policies to reduce pollution and protect natural ecosystems.
Furthermore, circular economies themselves must also be designed with environmental considerations in mind, as not all circular economy models are necessarily sustainable or environmentally beneficial. For example, a circular economy that relies heavily on the use of fossil fuels or other environmentally damaging practices may not be effective in achieving environmental goals.
In summary, while circular economies can certainly contribute to the transition to an environmentally clean economy, they are unlikely to be the sole solution. A comprehensive approach that includes multiple strategies and takes into account the environmental impacts of circular economy models is needed to achieve a truly sustainable and environmentally
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Economics has been transformed in applied logic and pure mathematics. This does not help to understand how the world really works. We should differentiate between Mathematical Economics and Economic Science or Political Economy. That´s my thinking!!!
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Thank you Dear Dr. Stoycho Rusinov for your availability
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Hello All
These days Nobel prizes are distributed. But at the same time there are a lot of frauds in published researches. In 2021 "Retraction Watch" in its twitter page, shared us, that there were 30000 retractions in its Database. please see the link below:
But now, in 2022, according to its own page it has 35000 retracted papers in its database (see the attachment). In just some one year 5000 retractions were added to its database.
These retractions are in any academic disciplines. Some of them in Medical Sciences, Biology, Agriculture, and Food sciences are direct threats to our health (like the book attached here about Food Fraud). While other scientific frauds pose many other long lasting threats to all of us around the world.
I have worked on dark sides of sciences and their threats to all of us everywhere (some of them in the forms of discussions and answers in RG) . Along with educating and informing, one thing that can attract attention and curiosity of all may be a World Prize in this regard.
  • I think if we work together we may have a louder voice to discourage wrongdoers in the world of academia.
  • Please share your opinion, what you think , how better we can come together, how to fight back these misconducts in sciences?
Thank you
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Prof. Rahim Alijani: As long as "Money Speaks Louder Than Ethics" and "Politics has no Religion" are the rules of this time, fraud and misconducts in sciences will continue for ever!
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I am studying the effects of globalization on income inequality. Can I do the quantitative analysis by using GMM (Generalized method of moments) or is there any suggestions about the methods to be used by using eviews or other software packages?
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FIND HOUSEHOLD DATA BY INCOME BRACKET AND THE NUMBER OR % OF THE SURVEY FOR EACH INCOME BRACKET. ESTMATE AN INCOME DISTRIBUTION MODEL SUCH AS SINGH-MADDALA, OR DAGUM AND SELECT THE BEST FITTING MODEL. SEE THE TEXTBOOK INCOME DISTRIBUTION, CAMPANO & SALVATORE,OXFORD UNIVERSITY PRESS
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Should the projected impact of the global warming process on the future performance of the analysed business entity already be added to the fundamental analysis of listed companies' securities?
Should the impact of the progressive process of global warming on the future functioning of the economic entity under analysis already be included in the scope of the fundamental analysis used for the valuation of the intrinsic value of securities issued by joint stock companies?
The fundamental analysis used to value the intrinsic value of securities issued by joint stock companies is often enriched by the simultaneous calculation of stock market indices. Stock market ratios, i.e. the ratio of price per share to recently generated earnings per share. However, the figure resulting from the calculation of this ratio for many listed companies is in the double digits for many years. The double-digit value of this ratio can be interpreted as the estimated return period over several decades of the financial capital invested by the investor in the purchase of specific securities, i.e. usually shares or corporate bonds. The long-term interpretation of this type of stock market indicator is primarily of interest to institutional shareholders holding larger shares of stock in a specific listed company. On the other hand, minority investors owning or planning to buy a relatively small shareholding in the context of the overall shareholding usually apply a current, short-term and relative interpretation of this type of stock market indicator, which is usually determined by the shorter time horizon of the planned investment in securities. For institutional investors, on the other hand, the decades-long period of investment in securities, the long-term management of the development of an economic entity, is particularly important in the context of their investment strategies. In view of the above, considerations inspired by questions such as: should the impact of the ongoing process of global warming on the future functioning of the economic entity under consideration already be taken into account?
In view of the above, I address the following question to the esteemed community of scientists and researchers:
Within the scope of the fundamental analysis carried out and applied to the valuation of the intrinsic value of securities issued by joint stock companies, should the impact of the progressive process of global warming on the future functioning of the analysed economic entity already be taken into account?
What do you think about this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
Warm regards,
Dariusz Prokopowicz
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It seems reasonable to incorporate it but with precaution
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Prior to the fall of the Wall, the world was divided into two economic blocs - the Western capitalist bloc led by the United States and the Eastern communist bloc led by the Soviet Union. It is understandable that the division created significant barriers to trade and investment between the two blocs.
How did the fall of this wall impact the trade in Europe as well as world trade?
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The consequence of your mentioned event Chetna Chauhan was the economic globalization process, which has now come to a halt or even bifurcation.
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The market system is the basis of our civilization. Its only alternative is the Führer principle. Economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics.It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power. The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”.
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Green markets are markets where the environmental cost of pollution is positive and endogenous. Environmentally clean markets are markets where the environmentally cost of pollution is zero and endogenous. Which raises the question, would economic expansions towards environmentally clean markets have taken place had Adam Smith given us the theory of the perfect green market in 1776?
I think Yes, what do you think? Why?
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In the middle of the 18th century, the combination of economic issues with ecology was somewhat absent. Ecological threats did not appear to be something important at that time. For Smith and his contemporaries, the main problem of political economy was to break down the supply barriers of the economy and lift humanity out of poverty. Therefore, his main work is The Wealth of Nations.
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Why is Keynesian theory not considered as a theory of economic growth? Although it simply suggests that income, which Keynesian theory assumes equals output, can be changed by increasing effective aggregate demand, it all takes the case from the demand side rather than from the supply side.
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In practice, since resources need capital to find and develop them, since technological improvement can be applied to production only via capital investment, since entrepreneurial skills act only through investments, and since an increased labor supply is rela­tively independent of short-run economic considerations, the only viable way to economic growth as rise in living standards is through increased saving and investment. Either more and better resources can be found, or more and better people can be born, or technology is improved, or the capital goods structure is lengthened and capital multiplied. In the Austrian or psychological view of human economic action, what brings about improvement comes not by economic growth or by stability, but through economic transformation that is guided by the freedom of private initiative within an open market system, i.e. instead of its fixation on economic growth and stability, a non-interventionist system would favor the space that is given for the individual to demonstrate and actively pursue his preferences.
The current interventionist approaches , in contrast, put the individual under a modern kind of serfdom where "output" or rather "expenditure" becomes the statistical criteria.
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It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge.
Julian Simon