Author Archives: Net economy

How Hunter-Gatherers May Hold the Key to our Economic Future

We need to rethink our relationships with the workplace.
By James Suzman – What happened on the Omaheke farms echoes broader trends transforming workplaces across the globe.

The same question also irked John Maynard Keynes when in the winter of 1929 he was contemplating the ruins of his personal fortune. Global stock markets had imploded and the Great Depression was slowly throttling the life out of the Euro-American economy.

To remind himself of the ephemeral nature of the crisis, he penned an optimistic essay entitled “The Economic Possibilities for our Grandchildren”. In it he argued that within a century technical innovation and increases in productivity would usher in a golden era of leisure that would liberate us from the tyranny of the clock, and enable us to thrive on the basis of working no more than fifteen hours per week.

Besides war, natural disasters and acts of God the only significant obstacle he saw to this Utopia being achieved was what he believed was our instinct to strive for more, to work and to create new wealth.

So he took the view that, save a few “purposeful money makers”, we would recognize the economic Utopia for what it was , slow down and “be able to enjoy the abundance when it comes.”

Keynes was right about improved productivity and technological innovation. According to Keynes’s reasoning, on the basis of labor productivity improvements alone we should not be working more than 11 hours a week now.

But, despite having the means to work much less, many of us now work as long and hard as we did before. With the industrial revolution now having merged into the digital revolution there is a good case to be made to suggest that we have reached an inflexion point in the history of work as important as the agricultural revolution. more>

Train PhD students to be thinkers not just specialists

Many doctoral curricula aim to produce narrowly focused researchers rather than critical thinkers. That can and must change.
By Gundula Bosch – Under pressure to turn out productive lab members quickly, many PhD programs in the biomedical sciences have shortened their courses, squeezing out opportunities for putting research into its wider context. Consequently, most PhD curricula are unlikely to nurture the big thinkers and creative problem-solvers that society needs.

That means students are taught every detail of a microbe’s life cycle but little about the life scientific. They need to be taught to recognize how errors can occur. Trainees should evaluate case studies derived from flawed real research, or use interdisciplinary detective games to find logical fallacies in the literature.

Above all, students must be shown the scientific process as it is — with its limitations and potential pitfalls as well as its fun side, such as serendipitous discoveries and hilarious blunders.

This is exactly the gap that I am trying to fill at Johns Hopkins University in Baltimore, Maryland, where a new graduate science program is entering its second year. more>

Updates from GE

Engine Czech: This University Partnership Is Set To Propel Turboprop Engineering To New Heights
By Tomas Kellner – GE has spent the last 100 years building GE Aviation into a leading force in the aerospace industry. Since it was founded in 1918, the business unit, which brought in $27 billion in revenue last year, has introduced key innovations: It built the first jet engine in the United States and the largest and most powerful jet engines in the world; supplied engine parts for the largest commercial jetliner; and pioneered new materials and technologies like composites and 3D printing.

But it’s been only in the last decade that its Business and General Aviation unit, which is building engines and other technology for private and business planes, decided to pay close attention to the multibillion-dollar turboprop market.

“The turboprop segment has been underserved for decades,” says Brad Mottier, who runs the GE Aviation division. “Airframe customers and operators alike complained about the lack of innovation.”

This week, Mottier and his business said they are inviting the sharpest young engineers in the Czech Republic to help them transform the way we power small aircraft. The company will partner with Prague’s Czech Technical University (CVUT) to help bring up a new generation of aerospace engineers.

Why Prague? The Czech capital is the place where GE decided to jump into the turboprop engine market in 2008, when it took a bet on a storied but struggling turboprop manufacturer, Walter Engines.

Just like the Wright brothers, founder Josef Walter started out fixing and building bicycles before venturing into aviation. Established in 1911, his company ran aviation factories in Italy, Spain, Poland and elsewhere in Europe that produced record-breaking engines for planes used by 13 sovereign air forces. more>

Guns and the British empire

BOOK REVIEW

Empire of Guns: The Violent Making of the Industrial Revolution, Author: Priya Satia.
An Enquiry into the Nature and Causes of the Wealth of Nations, Author: Adam Smith.

By Priya Satia – In the mid-18th century, advanced areas of northwest Europe and east and south Asia enjoyed roughly comparable life expectancy, rates of consumption, and potential for economic growth. But around 1800, in what scholars call the ‘great divergence’, the power and wealth of the West suddenly and dramatically eclipsed that of India, China and the Ottoman Empire.

The British in particular found vindication for their expanding empire in ideas of cultural and racial superiority.

Concerned about Britain’s aggressive pursuit of empire, Adam Smith presumed that the universal capacity for knowledge-sharing would ultimately right the wrongs of colonialism.

We know that history did not play out that way. Why not? Why didn’t knowledge-sharing equalize the world? Was Smith too generous or naive in believing that it had cultural purchase beyond Europe?

Smith’s naivety in fact lay in his presumption that the emerging political inequalities that he observed would not also shape the spread of knowledge. Like liberal thinkers today, he imagined that knowledge-exchange somehow transpires regardless of power relations.

In reality, in the 18th century, as now, power shaped knowledge-sharing everywhere.

In Britain, for instance, government offices engaged in military supply often prohibited contractors from patenting their inventions: a patent would slow the spread of innovation to other contractors and thus slow the production of urgently needed supplies.

While the British government thus abetted the sharing of know-how within Britain, it actively stifled such sharing abroad.

British industrialists copied Asian textiles and pottery without scrupling over ‘intellectual property’, but could rely on their government to minimize the threat of colonial competition with their own manufactures. more>

Stop Saying ‘Smart Cities’

Digital stardust won’t magically make future cities more affordable or resilient.
By Bruce Sterling – The term “smart city” is interesting yet not important, because nobody defines it. “Smart” is a snazzy political label used by a modern alliance of leftist urbanites and tech industrialists.

Smart-city devotees all over this world will agree that London is particularly smart. Why? London is a huge, ungainly beast whose cartwheeling urban life is in cranky, irrational disarray. London is a god-awful urban mess, but London does have some of the best international smart-city conferences.

The digital techniques that smart-city fans adore are flimsy and flashy—and some are even actively pernicious—but they absolutely will be used in cities. They already have an urban heritage. When you bury fiber-optic under the curbs around the town, then you get internet. When you have towers and smartphones, then you get portable ubiquity. When you break up a smartphone into its separate sensors, switches, and little radios, then you get the internet of things.

However, the cities of the future won’t be “smart,” or well-engineered, cleverly designed, just, clean, fair, green, sustainable, safe, healthy, affordable, or resilient. They won’t have any particularly higher ethical values of liberty, equality, or fraternity, either. The future smart city will be the internet, the mobile cloud, and a lot of weird paste-on gadgetry, deployed by City Hall, mostly for the sake of making towns more attractive to capital.

“Smart cities” merely want to be perceived as smart, when what they actually need is quite different. more>

3 Tips For Managing Innovation

By Alan Pentz – We are used to seeing innovators lauded for their brilliance. They are insightful geniuses who see around corners and live ahead of their times. In practice, most innovators stumble into success. Innovation is more about implementation and execution than it is about inspiration.

Don’t discount the importance of ideas. They are the starting point and the motivator to take action, just don’t stick to closely to those original ideas. As a government leader you should be careful to design your project planning to allow for adjustments and learning. Often the best insights come from ideas that occur during implementation. The original idea doesn’t always work but it leads you down a path to something that does. In other words don’t spend all your time planning up front.

Many leaders in government make two related mistakes. They demand too much validation of ideas before allowing them to go forward and once that validation has occurred they over-commit resources. Whatever you decide on most likely won’t work as advertised so why pretend like it will?

A few tips that can help you on the way are:

  • Establish what success looks like
  • Set the key performance indicators
  • Set formal gates or project reviews that projects must pass through

Managing innovation is a dynamic and shifting process. It’s your job as the leader to create the space to allow innovation to happen. more>

Is democracy essential?

BOOK REVIEW

Superpower: Three Choices for America’s Role in the World, Author: Ian Bremmer.

By Ian Bremmer – In advanced economies, young adults are more likely than older people to prefer technocracy to democracy. The study found that in the U.S., 46 percent of those aged 18 to 29 would prefer to be governed by experts compared with 36 percent of respondents aged 50 and older.

Perhaps most alarming was the revelation than one quarter of millennials agreed that “choosing leaders through free elections is unimportant.” Just 14 percent of Baby Boomers and 10 percent of older Americans agreed.

In a world where even the Communists are no longer communists (China’s state-capitalism is a far cry from Marx, to be sure), there’s no competing ideology forcing those who live in democracies to consider what life might be like without it.

Or maybe it’s that democracy in America no longer seems to be working. During the 1930s, economic depression led many to look abroad for alternatives to democracy and free-market capitalism.

American millennials have never stood in a bread line, but they have experienced the most severe financial crisis since the 30s, a dramatic widening of the gap between richest and poorest, a hollowing out of the middle and working classes, and a level of dysfunction and petty partisan hostility in Washington that seems to get worse by the week.

Then there’s the Trump effect. more>

The Two-Degree Delusion

By Ted Nordhaus – Forty years after it was first proposed, the two-degree target continues to maintain a talismanic hold over global efforts to address climate change, despite the fact that virtually all sober analyses conclude that the target is now unobtainable.

But it is worth considering the consequences of continuing to pursue a goal that is no longer obtainable. Some significant level of future climate impact is probably unavoidable. Sustaining the fiction that the two-degree target remains viable risks leaving the world ill prepared to mitigate or manage the consequences.

In reality, most of the climate risks that we understand reasonably well are linear, meaning that lower emissions bring a lower global temperature increase, which in turn brings lower risk.

There are a range of potential nonlinear tipping points that could also bring catastrophic climate impacts. Many climate scientists and advocates argue that the risks associated with triggering these impacts are so great that it is better to take a strict precautionary approach to dramatically cut emissions. But there are enormous uncertainties about where those tipping points actually are.

The precautionary principle holds equally well at one degree of warming, a threshold that we have already surpassed; one and a half degrees, which we will soon surpass; or, for that matter, three degrees. more>

The tech bias: why Silicon Valley needs social theory

BOOK REVIEW

Mapping Israel, Mapping Palestine, Author: Jess Bier.
Normal Accidents: Living with High-Risk Technologies, Author: Charles Perrow.
Living a Feminist Life, Author: Sara Ahmed.

By Jess Bier – Social theorists in fields such as sociology, geography, and science and technology studies have shown how race, gender and class biases inform technical design. So there’s irony in the fact that employees hold sexist and racist attitudes, yet ‘we are supposed to believe that these same employees are developing “neutral” or “objective” decision-making tools’, as the communications scholar Safiya Umoja Noble at the University of Southern California argues in her book Algorithms of Oppression (2018).

In many cases, what’s eroding the value of social knowledge is unintentional bias – on display when prominent advocates for equality in science and tech undervalue research in the social sciences.

Science and tech are viewed as revenue-generating down the line, but the cost-saving benefits of improved social understanding, and the benefits that go beyond costs, tend to go underappreciated.

Ironically, the same discriminatory systems targeted by social theory end up blocking underrepresented groups from getting a toehold in academia, the very seedbed of these ideas. Sexual harassment and racism are much more than individual incidents; they’re institutionalized mechanisms for maintaining systemic barriers. more>

Updates from Adobe

Maya Patterson and the Craft of UX
By Jordan Kushins, Maya Patterson – I’m a product designer at Facebook. If I could rename this kind of job, I would call it “digital product designer” because we’re not building tangible things—we’re focusing on web experiences; it all started with desktop, then laptop, then mobile devices, and then on to AR and VR and all of these developing spaces.

But essentially my job is to take care of users, to dig into their needs and behaviors, and build a digital system that helps them accomplish their goals. Depending on who I’m working for, that could be anything from intense data infographic systems to designing a way to get a trunk of clothes sent to your house (which was my last job). Now it’s designing different pieces of the Facebook experience.

I actually think that soft skills are more important than technical ones for UX designers. The biggest two assets in my opinion are the ability to communicate and a sense of empathy.

So I watched people who could communicate very well. Writing is important because it helps you to think in a structured manner and articulate yourself and your ideas. Speaking, presenting, storytelling: these are all essential. People who can tune in, listen, read body language, and get down to the core of how people are responding and reacting to something they’ve created—and who are able to receive feedback—are going to excel. more>

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