260th year of adam smith alumni valuing youth and machines

Economics big 3 Q&A with Adam Smith alumni

smith started up the curricula of economics for the first 200 years of humans and machines because his 1760s coworker at glasgow u - james watt -was world's first steam engineer, and until computing tools came along after moon landing, the fastest way to calculate was the slide ruler- this was the "industrial revolution" era of being smart with small data- you observed/collected deeply, and didnt bother collecting data for incremental experiments

q1 what sort of market develops a place's people?- adam defined a transparent market as one where enough people relentlessly have access to prices and quality that in the mutual interest of suppliers, sellers and buyers to multiply trust and work hard at competenly improving the market's value multiplying purpose

q2 what was adam's view of the age of humans and machines- he belived access to machines could change every place's world- having seen how london used slavery etc to colonise the east and south, adam argued for going west with a unites states of english civilsation of machines- he openly wanted islands of britain to be part of an enlightened union of states- he declared being governed overall out of philidelphia would be fine on one condition -note adam could see that the continent of americas had thousands times more natural resources than britain's ireland- it would be the lab for many more peoples livelihoods than britain BUT before humans and machines spead everywhere adam specified one condition: not just legislation ending slavery , but recompense any owner whose sector eg southern plantations depened on slavery ofr cheap labor and replace with a businessnodel in wgich all lives matter

q3 in adam's mind, did economis exist as a separate profession from practionres? not really as you can see in market-making, relevant practioner skills mattered to adam- its true that debates over currency didnt increase in relevance to alumni like james wilson in 1843 started the economist and 90 years later keynes published the general theory of money, interest and employment in the mid 1930s- but keynes last chapter makes it very clear how deeply next generations are put at risk whereever one economist rules becomes legislated- einstein, gandhi, von neunmacc, schumacher are all recognisably within smithian expomential designs not other forms of economist who emerged as data and computation multiplied everywhere. in adams times for a new model like economics to be relevant it had to match systems such as natures, cultures, languages even health the first application of watt's engines

shelf-5 essential community markets of livesmatter - Safety, Health, Education , Loveq (ie community's professonals =servant leaders nor rulers by power over people) Finance

more on VEST HERE

	S	H	E	L	F		LEAPS
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E							0G 70S
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	U Uniiting livesmatter of machines & 7.5 billions humans	N Nature's bottom up and open systems integrated - see also einstein on threats caused by macro science of man	I Infrastucture how global village trade changes with ships trains cars planes	T Tech of coms and comp- 100 times moore multipliers each decade 70s to 20s	E Energy go green	S Sports/arts/sdgs valuing heroes youth needs to celebrate most	2030 SDGS LAST CALL

uniting 50 most sustainable universites ever founded eg

help welcomed chris.macrae@yahoo.co.uk

fazle abed legacy project 1 - helping nations end middle income trap - linkin one sdg university per 30 million peoples eg china needs 50 stanfords, mits, oxbridges

2012 challenge briefing - audience califrnia - by fazle abed

Usually when the Chinese ambassador to Bangladesh calls me he is looking for ideas on poverty alleviation, but back in 2011 I suddenly got a call asking me about a different sort of noble project : did I have ideas on how china could avoid the middle income trap – it turned out the economist had just done a survey on that https://www.economist.com/special-report/2011/06/25/beware-the-middle-income-trap

Do you have ideas about things that we (China) can do to avoid the middle income trap?

transcript 51:05 sir fazle abed

I said off the cuff I'll tell you one or two things that I think will be important

51:15

for you to do to avoid middle income trap -note the two countries that

have become high-income countries in our region during the last thirty years are Singapore and Korea

51:29

and what have they done that peer countries in the region

didn't do I can see only two things

51:39

one thing singapore built a very high quality university designed to be

the powerhouse of creating jobs, and enterprise innovation all kinds of

things like that… so did korea…so if you want to build China as a high income country then you have to build a dozen Oxford dozen Cambridge dozenHarvard/MIT and dozen Stanford

do that and then you China can build a high income Society

52:22

And the ambassador said why is this?

so I said well it's because in order to build these

universities you need to endow them well and you have to give complete

freedom to and for the intellect- intellectual freedom will mean no

controls of state – you will have to forego that -- you

can't get the faculty to think only on what the party line is

52:56

the other thing is that they must be self-governing institutions -

50 world futures youth curious universities - if you can build that then you will have a high income Society

If you cant then you fail

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context note - over 50 years china and fazle abed shared the deepest system changes needed for girls to hold up half the sky- ie be as pivotal to sustaining a nation as boys -

if thats of interest to you search out chinese-bangladeshi alumni of girls unite world ending poverty - cf livesmatter.city entrepreneurialrevolution.city economistbank.com economisthealth.com

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