history of worldwide transformation of economics typologies

[chris macrae]

smithian/scottish economists make some simplifications in trying to map how 7.5 billion humans got to 2020 only to discover their greatest collaboration challenge yet - homo sapiens versus what gordon browbn calls a virus that inflitrates the air we breathe by being one thousandth the size of a pinch of salt (an example of einstein's prophetic findibng- man's is contrianed by approximating measurements at system levels that are far more macro than the most micro ones nature integrates- when sithians meetat glasgow cop26 260 years afrere glagow ubinvented the engine, it would be wise to frame climatechallenges around every valuation dynamic human intel hasnot yet mapped as deeplyas nature - see also references to deep learning/#aifirggod

to smithian alumni :the 2 most transformational knowhow-operational system changes in the first 1945 years of the christian calendar

around 1500 - discovery world was round and could be navigated -operationally led by italians including those who hired themselves out to portugal, spain and the uk

1760 the discovery of (steam) engines started up at glasgow university around 2 men first engineer james watt, and adam smith first correspondent of two kinds of market systems- ones sustaining community trust, ones proagating world trade in the macine (industrial era)

we seek to differentiate 4 exciting economic models as well as question whether 2020s will be just-in-ytime for sustainability generation's fifth one - some call this society5.0 leaping beyond 4 industrial revolutions - intriguingly for every community on earth to be a thriving poace to be born we need to revisit smith's moral sentiments- his deeply human intel definition of transparent community economies prior to the machine age

-

rural keynsianism -eg billion people saved from starvation with borlaug's green revolution - in terms of number of lives developed this is the biggest model but it includes work not counted by monetary economis eg patenting children and prepping earth to be as diverse for next generations as it was for yours- in many historical village cultures almost all of this unpaid work was deemed as womens work

east asia rising roadster economy first gravitated by japan but soon win-win connecting with chinese diaspora- networking win-wins of new and better quality engines, bullet trains and container shipping evolving small-middle enterprise tech networks down the coast - south korea and taiwan; hong kong and singapore

the pound economy through which britannia's less than 1% of humans living on one island - actually mainly the capital london-  first using machines and big ships once extracted up to 15% of world trade and were the first global reserve currency

the dollar economy- which evolved when what became 5% of the world's people -eg english, scottist, irish, french, dutch, geman - emigrated to north america; ended colonisation by britannia; started applying engines on a continental scale - ie to be 10% of earth's resources instead of the 0.01% of britain's land

while they interact they have different purposes to 2020- the language, in bold font, for all these models was diarised inter alia in the economist-

key references include 1943' centenary autobiography of the economist, a 1960 series consider japan, and a post moon race series includin 1877 on rural keynesianism and 1976 where entrepreneurial revolution argued that sme value startup chains posed 2 systemic challenges to economist:

1 ending poverty

2 going beyond the west 3 biggest legal constitution - the corporate, the national government, and other which in the world of developing economies had include billionnaire's foundations and from 1945 new forms of transnational - example 1 being the united nations birthed at end of world war 2 by a meeting of nations at san francisco opera house

in 1945 2 things seemed to be agreed by most nationsecept stalin's russia; the first 185 years of machines had become the root cause of the world wars- could 2 things be achieved- rebooting the largest empire economies, freeing independent nation economies as part of the reconciliation of all the errors caused by slavery, colonising and generally not designing lives matter economies (smith's greatest but los innovation had been the idea of celebrating lives matter wherever mavhines opened thriving society) 

which was started by james wilso- a smithian as a newsletter stimulating transfornatyive debates in london's royal society of 1843- over the next 16 years wilso raised a debate which reached the mind of queen victoria-would she rather preside over a coonwealth empire rather that one driven by slavemaking and land owne monoplists starving neighbors like ireland-smith was only partly successful in both debates- he did influence enough of londons great and good to end the corn laws; in 1899 quen victoria gave him the permission "charter bank" to sail to calcutta to start reforming the colonial system then operated by one of the most vicious corporations east indies company

the least known but biggest in terms of child/human development we call rural keysianism- schumacher an alumni of keynes is known for 2 systemic patter rules

small is beautiful which also echoes einstein maths

the worlds biggest post-war challenge - ending poverty is mainly a challenge of human development in millions of villages

for our purposes we define villages as continetal inland places with no access to electricity grids- (this usually means no moder infrastrucure and no communications other than word of mnouth and if villagers are literate :printed communcation)

athough all rising asian economies have used at least one of rural keynsianism and roadster economies - both need to be connected if a nation is both to end poverty and to see all next generations lives improve which is differentnt that the middle income trap in which the richest always take more and more

for reasons which go back to geo-history- bangladesh became the purest lab for vilage womens emp0wewrmen by rural keynes but until 1996 no access to electricity grids nor telecoomunications

  - the nation had emerged in 1971 from double coloniation- by the brits to 1948 by '(west) pakistan- further more most of its neigbors were hostile- what we now call myanmar on its west- how india had been allocated the port of calcutta which the whole bay of bengal depended on during a century when it had been the most critical of the 3 ocean regions to british empire trade- exercise get out a map; pinpoit durban the vaval operation gateway of britain to all of asia- note 3 regions the seas and coasts to the west of the sea route duran to bomba, the route from burban to calcutta, what happens if you sail to singapore and start colonising the fear east coast of asia- the pound economy at its height administered all 3 of these world trade maps

fortunately for the world one of the most exciting stident journeys ever made was by the teenbage fazleabed inthe mid 1950s about 70 years after gandhi as teenage student. gandhi was from thenorth west coat of india with bombay his nearest port; he went to london to study law; he triangularised debates about thev20th century future of britian south africa and india

fazleabed went to glasgow unbiversity to study adam smith and shipping ebngineribng; then he studied accountancu and in less than 12 years rose inb the royal durch shell corporation to become the regional cewo od his homeland still called eat pakista. in 1970 abed was to be in the middle of the first of three million-death forces/: the mnost severe cuyclone; then came the war on idepenence; the the million bangladeshi famine. never had a revolutioary economic model been more urgently needed; and as it turned out the idea of abed to be the most collaborative partner in development solutions suited british dutch and japanese conscienes as the 3 empires that had most sprung colonial traps on asian women- and souther chinese villages who needed coomon knowhow soutiobns starting with oral rehydration, vaccibnations, ricxe science to end famine, village models of scalin businees beyond non-sustainabvle charity

1

[chris macrae]

if smith would have loved celebrating thegreat anerican ope source innovators - borlaug - crop science for billin vilagers food security and deming machines for new purposes, the tjhird great americanbinnovation that blossomed 1945-1960 connects with 12 extraordinay years of work by john von neumann i who died in 1957, neumannhad emigrated from budapest to princeton in 1931 joining elders like einstein. he was soon asigbed to fathering the nucklear bomb; after the war he wanted his life to cintribute to win-win economic games- he fathewred the programable computer - his immediate legacy- the moon race abnd to many more importantly the evolution of satellite telecoms, 2 artifucial intel labs facing the atlantic out of mit bostoj and the pacific out of stanford; 5 yearsafter theformation of the stanford lab- intel' and gordon moore gotthe largest known order for silicon chips from afapanese manufactrer of electrobic calculators; rather tha be behonden to one client intel innovated theproramable chip- and alumni of gordon more promised the most extreme innovation expoential ever heard of- 100 times more computing and communicating capability every decade to the2020s when 5 dollar chips would have latent switching capacity beyond anyhuman brain. the space on earth for investing in this extraordinary cmmtent was revranded siliconvalley.