via http://nikolledoolin.com/pblog/?p=184
via http://librivox.org/the-turn-of-the-screw-by-henry-james/

Categories
Amazon Kindle
Apple
Art
Audio Books
Blogs
Books
Business
Comedy
Current Affairs
e-books
Economics
Education
English Language
Environment
Film
Foreign Language
Google
Harvard
History
iPhone
Law
Life
Literature
Math
Media
MIT
Most Popular
Music
Online Courses
Philosophy
Physics
Podcast Articles and Resources
Politics
Psychology
Random
Religion
Sci Fi
Science
Stanford
Technology
Television
Theater
Twitter
UC Berkeley
Uncategorized
Video – Arts & Culture
Video – Politics/Society
Video – Science
Web/Tech
Weblogs
Wikipedia
Yale
YouTube

• Rational Irrationality - The real reason that capitalism is so crash prone by John Cassidy - The New Yorker - October 6, 2009
• Steven Strogatz on sync - TED Talk - See also Collective dynamics of 'small-world' networks.

http://foratv.vo.llnwd.net/o33/rss/Long_Now_Podcasts/podcast-2009-05-18-romer.mp3

Romer notes that business keeps evolving as new companies introduce new rule sets. The good ideas are copied, and workers migrate from failing companies to the new and old ones where the new rules are working well. The same goes for countries. Starting about 1970, China took some of the effective rules of Hong Kong (which was managed from afar by England) and set up four special economic zones along the coast operating as imitation Hong Kongs. They worked so well that China rolled out the scheme for the whole country, and its Gross Domestic Product took off. “Hong Kong was the most successful economic development program in history.

1. DEC2909AA3 - Last package
2. AUG0909BA2 - New package

China Takes a Small Step Away from the Dollar http://www.time.com/time/business/article/0,8599,1889587,00.html Made In India, Made For The World http://itc.conversationsnetwork.org/shows/detail3974.html "They can transfer money to other mobile users via SMS and buy pre-paid airtime credit. Customers wanting to use the service do not need a bank account, but must register with an agent to meet our ‘Know Your Customer’ requirements. http://www.vodafone.com/start/responsibility/our_social___economic/access_to_communications/m-transactions.html

But the richest people and the hundreds of thousands somewhat less rich, could not invest the money themselves. They needed intermediaries, the financial sector. Overwhelmed with such an amount of funds, and short of good opportunities to invest the capital, as well as enticed by large fees attending each transaction, the financial sector became more and more reckless, basically throwing money at anyone who would take it. Eventually, as we know, the bubble exploded.

"some economists don't think we should fix this. Some welcome high unemployment, thinking it’s the best way to get workers out of declining industries and into growth industries. They consider a period of high unemployment a way of convincing people who were previously employed "pounding nails in Nevada" to go do something else -- part of the respiration of the capitalist organism, as Josef Schumpeter said. They tend to like the fact that financial asset prices are now low, and condemn attempts to raise them as efforts to keep the feckless financiers who bought them during the boom from suffering their just punishment. Followers of this line of argument -- I call them the Marx-Mellon-Hayek-Hoover axis --tend to say things like: “What's to fix?”"