economics

How Corporate Law Inhibits Social Responsibility

I realized that the many social ills created by corporations stem directly from corporate law. It dawned on me that the law, in its current form, actually inhibits executives and corporations from being socially responsible. So in June 2000 I quit my job and decided to devote the next phase of my life to making people aware of this problem. My goal is to build consensus to change the law so it encourages good corporate citizenship, rather than inhibiting it. // Section 716 dedicates the corporation to the pursuit of its own self-interest (and equates corporate self-interest with shareholder self-interest).

See original: Del.icio.us How Corporate Law Inhibits Social Responsibility

The "fair use economy" is enormous, growing, and endangered by the relatively tiny entertainment industry - Boing Boing

The IT industry's US lobby group has released a report calculating the size of the "fair use economy" in the US -- all the businesses that rely on fair use, including web hosting companies, private schools, search engines and many others. The total for 2007 (the last year for which stats are available) is a whopping $4.7 trillion -- one sixth of US GDP -- with over 17 million people employed.

The report is a counterpoint to those crazy Hollywood stats that show that every job in America will disappear unless copyright is extended to infinity, all network connections are surveilled, and every infringer is fined her entire net worth and stuck in jail.

See original: Del.icio.us The "fair use economy" is enormous, growing, and endangered by the relatively tiny entertainment industry - Boing Boing

Utility - Wikipedia, the free encyclopedia

utility is a measure of the relative satisfaction from, or desirability of, consumption of various goods and services.

See original: Del.icio.us Utility - Wikipedia, the free encyclopedia

EconPort - Handbook - Decision-Making Under Uncertainty - Prospect Theory

numerous alternative theories have been developed to overcome the limitations of expected utility

See original: Del.icio.us EconPort - Handbook - Decision-Making Under Uncertainty - Prospect Theory

Prospect theory - Wikipedia, the free encyclopedia

Prospect theory is a theory that describes decisions between alternatives that involve risk, i.e. alternatives with uncertain outcomes, where the probabilities are known. The model is descriptive: it tries to model real-life choices, rather than optimal decisions. // A revised version, called cumulative prospect theory overcame this problem by using a probability weighting function derived from Rank-dependent expected utility theory.

See original: Del.icio.us Prospect theory - Wikipedia, the free encyclopedia

Behavioral economics - Wikipedia, the free encyclopedia

Behavioral economics and behavioral finance are closely related fields making up a separate branches of economic and financial analysis using social, cognitive and emotional factors in understanding the economic decisions of consumers, borrowers and investors, and their effects on market prices, returns and the allocation of resources.

See original: Del.icio.us Behavioral economics - Wikipedia, the free encyclopedia

BIG Coalition Namibia

proposal for a Basic Income Grant in Namibia

See original: Del.icio.us BIG Coalition Namibia

JASecon Grassroots Economy Festival - JASecon

Folks involved with the Transition Towns and the Fair Trade Cities movements and alternative community energy programs joined in to network and begin to develop strategies for future collaboration.

See original: Del.icio.us JASecon Grassroots Economy Festival - JASecon