ISBN: 9781493934669 Digital File Characteristics: text file PDF Note: AVAILABLE ONLINE TO AUTHORIZED PSU USERS. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. Assistant Professor of Accounting, Assistant Professor. First, all systems need to extract resources from the external environment to compensate for their consumption. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. It explains how technology, social systems and economic values are intimately related to resources. Summary: This book presents a new economic theory developed from physical and biological principles. To learn more about MaNGO, read its entry on the Buckminster Fuller Challenge website or watch the project’s video here.Contents: Major Factors in Biological and Social Systems - Resource and Technology - Production: A Mathematical Theory - Languages and Cultures: An Economic Analysis - The Entropy Theory of Mind - The Entropy Theory of Value: A Mathematical Theory - Epilogue: Pioneer Species and Climax Species. In the words of Professor Lindberg, the team expects “to be a serious contender for the award” and that the team is “very excited about the opportunity to become part of a network that is advancing and accelerating the practice of comprehensive, whole systems thinking and design to develop the kind of high impact global solutions we so desperately need.” in the Department of Electrical Engineering and Information Science. in the Department of Computer Science, University of California, Los Angeles (UCLA) working with Prof. MaNGO, in short, addresses “frustrations and failures on both sides of aid distribution” in cases of environmental disaster or emergency. I am an Assistant Professor in the College of Information Sciences and Technology at Penn State University. The team here at Penn State–comprised of Associate Professor of Architecture Darla Lindberg and members Danielle Rivera, Marcus Shaffer, Jing Li, Amy Snipes, David Mosemann, Adam Longenbach, Zachary Jones, Matthew Underwood, Karen Paiva Henrique, Kyle Schillaci, Chad Garrety, Gabriel Ibias, and Scott Tucker–submitted an entry entitled “MaNGO”. The Challenge reviews submissions from around the world and will award $100,000 to the solution with the highest potential to “solve humanity’s most pressing problems.” This money will go toward the development and implementation of the chosen solution. On February 14, members of Penn State’s School of Architecture submitted an entry to the Buckminster Fuller Challenge–described as “Socially-Responsible Design’s Highest Award” by Metropolis magazine.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |