The Network Economy. Session One An Overview of the Terrain January 20, 2010. Economics??. What Me Worry?. Courtesy of JustUptown. You Don’t Have to Be an Economist to Study the Economy!. Courtesy Schlunzi. What is a Discipline?. icvet.tafensw.edu.au. Boundaries.
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An Overview of the Terrain
January 20, 2010
Courtesy of JustUptown
Boundary* from Imapix
Pilgrimage of the Self - Discipline fromEmerald watcher
Got no boundaries and not limits fromGioPhotos
Where is the invisible hand? fromemstrur
Courtesy of Katrinket
Courtesy Chris_Parker Photo Stream
welcome to the new economy fromSangroncito
Duckk and Flea’s Photostream
Bull Market? (Market Failure #5) from David Lewis-Baker
Depressions, recessions, and inflation are not exclusively modern phenomena: they are patterns that have recurred since the beginning of recorded history. There are other patterns in economics that are equally old, including the long-run growth in wealth per person. . . and the distribution of wealth. . . For these patterns to be so old, they must be the result of causes that are deep in the workings of economics, cases that are independent of the technologies, government policies or business practices of a particular age. (Beinhockerp. 161)
Courtesy of Miketbh
me tools... from tdub303
Dictionary Definitions #2 from Mukumbura
Economics entails the meeting of material needs through a process of interaction between humans and their environments.
Polanyi’s substantive definition allows us to conceive of many ways of achieving our ends.
The formal definition presumes scarcity—a networked economy is characterized by many externalities and non zero sum outcomes.
Classical economic theory
Transaction Costs Analysis
Courtesy of Kate Ferarra
Track your economic interactions during the week, and comment about them in the light of today’s conversation and next weeks readings. On the basis of your experiences, how would you define the economy?