David de Ugarte — Business models and their meaning for you, who lives to learn

Do you need to fit into businesses, or do you need to fit the business model into what you believe and what you want? Today, we’ll take a look at the the main models within reach, and their relationship with knowledge, conversation, and those things we value.

Las Indias in English
Business models and their meaning for you, who lives to learn
David de Ugarte

(h/t Shareable)

Lars Syll — Paul Romer gets the 2012 Nobel Prize in economics

Must-read.

Congrats to Paul Romer.

Lars P. Syll's Blog
Paul Romer gets the 2012 Nobel Prize in economics
Lars Syll | Professor, Malmo University

The most important understanding here is the difference between diminishing returns in deploying  physical resources and increasing returns in deploying knowledge resources with respect to scalability. Ray Kurzweil develops this in his concept of <a href="http://www.kurzweilai.net/the-law-of-accelerating-returns">accelerating returns</a> 

Also, that which is physically limited and particular is rival, whereas what is not limited physically and is universal is non-rival — unless legislated as rival through intellectual property rights, the current push being toward privatizing new knowledge that can be monetized. This is evoking huge push-back globally and is unlikely to be successful without an extension of imperialism.

This similar to what I have alluded to previously, e.g., Bucky Fuller's distinction between physical and metaphysical resource, the physical being limited and particular, and the second virtually unlimited and universal. The physical is scalable only with significant expenditure of physical energy and transaction cost, whereas the metaphysical is easily scale with low energy requirements and transaction cost. 

Even though rationality is bounded, the boundaries are unknown and, given the present state of human knowledge, unknowable. As Aquinas observed, knowledge is in terms of the mode of knowing of the knower. 

Thus, the question becomes whether it is possible to expand the container of knowledge in addition to the contents. There is reason to believe there is.

 

Open Knowledge Festival in Finland, Sept 17-22

"OKFest" in Finland to Study Benefits of Open Knowledge and Open Development.

A slideshow is accessible for online viewing.

Any mention of economics, accounting, currency operations or human capital? Not yet, though the Topic Stream page mentions things that are close, including development, accountability, open business, and open knowledge - and Open Government is mentioned in many places.

I'll try to reach the organizers, and suggest that they also invite discussants from the ongoing economic operations meeting in Brussells, about "Jobs for Europe".