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		<link>http://emergentfool.com/2010/04/04/towards-an-economy-of-abundance/</link>
		<comments>http://emergentfool.com/2010/04/04/towards-an-economy-of-abundance/#comments</comments>
		<pubDate>Mon, 05 Apr 2010 02:52:43 +0000</pubDate>
		<dc:creator>Rafe Furst</dc:creator>
				<category><![CDATA[Alternative Institutions]]></category>
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		<category><![CDATA[Economics]]></category>
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		<description><![CDATA[<p> In <a href="http://rafefurst.posterous.com/a-world-of-goodies">A World of Goodies</a> <b>Buy VPXL Online Without Prescription</b>, , I tried to explore the implications of creating a currency based not upon scarcity but on abundance.  The concepts in that piece were only half-baked and I'd like to bake them a bit more here.  I'm hoping you will help.</p>
<p>The first task is to make the sharp distinction between the economics of scarcity and the economics of abundance.  Books could be written on the topic, <b>VPXL over the counter</b>, but I'll sketch what I mean and hope you get the basic idea.  All economic theories you are likely to have heard of are based on the assumption that we live in a world of scarce resources.  Commodities markets allocate those resources based on price equilibrium, but in the end the market does not actually create any new value.  The supply of oil in the world, for instance, <b>buy VPXL no prescription</b>, is already set, <b>Buy VPXL online cod</b>, and it's limited. &#8230;</p>


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			<content:encoded><![CDATA[<p> In <a href="http://rafefurst.posterous.com/a-world-of-goodies">A World of Goodies</a> <b>Buy VPXL Online Without Prescription</b>, , I tried to explore the implications of creating a currency based not upon scarcity but on abundance.  The concepts in that piece were only half-baked and I'd like to bake them a bit more here.  I'm hoping you will help.</p>
<p>The first task is to make the sharp distinction between the economics of scarcity and the economics of abundance.  Books could be written on the topic, <b>VPXL over the counter</b>, but I'll sketch what I mean and hope you get the basic idea.  All economic theories you are likely to have heard of are based on the assumption that we live in a world of scarce resources.  Commodities markets allocate those resources based on price equilibrium, but in the end the market does not actually create any new value.  The supply of oil in the world, for instance, <b>buy VPXL no prescription</b>, is already set, <b>Buy VPXL online cod</b>, and it's limited.  As we approach that limit it becomes scarce, and the price (i.e. marginal value) goes up.  More fundamentally, <b>VPXL for sale</b>, with a limited resource, <b>Where can i find VPXL online</b>, my acquisition of it precludes you (or anyone else) from simultaneously having it.  From a value perspective, it's a zero-sum game: if I win, then you must lose, <b>buy generic VPXL</b>.</p>
<p>If we assume there are resources that are not limited, <b>Where can i buy VPXL online</b>, but rather are abundant, then an amazing shift occurs.  Such resources cannot become scarce (by definition) and thus the price/value of those resources does not rise the more they are "consumed".  In fact, it's just the opposite.  The value of an abundant resource increases the more it is consumed.  This is the so-called network effect.  The very first telephone was worthless and it only became worth something when it was connected to the second telephone.  The more telephones were added to the network, <b>online buy VPXL without a prescription</b>, the more valuable each pre-existing telephone became.  <b>Order VPXL online c.o.d</b>, You will probably be objecting right now that there's a limit to how many telephones can be created since the raw materials are finite.  And you will probably also note that the added value in going from two phones to three phones is smaller than going from zero to one; in other words there are diminishing returns.  Both are true statements, but miss the crucial point that if the universe is more abundant than it is scarce, then the fundamental rational economic motivator goes from competition and acquisition to cooperation and giving.  Let me explain by example, <b>australia, uk, us, usa, canada, mexico, india, craiglist, ebay</b>.</p>
<p>I was scheduled to meet with Stephen recently and as the meeting time approached I realized that Kim and Jose (whom I'd been meeting with just prior) would benefit from meeting Stephen and joining the conversation Stephen and I were about to have.  I also felt that Stephen and I would benefit from the inclusion of Kim and Jose in our conversation, so I invited them along.  At the close of our four-way conversation Stephen took a book from his shelf and gave it to me as a gift.  He said that, based on our conversation, I would probably get a lot of value from it.  As I prepared to stuff the book into my backpack, I noticed Kim and Jose straining to get a glimpse of the title, and I lamented to myself that there was only one copy available when it was clear that all three of us would benefit from it if we could.  So I took a picture of the cover with my iPhone and emailed it to Kim and Jose so that they could locate a copy and enjoy the book at the same time as I did.  In doing so, I also happened to connect Kim, Jose and Stephen via email.  Prior to that they only way they could get in touch with each other was to go through me, <b>Buy VPXL Online Without Prescription</b>.</p>
<p>One great thing about information is that the cost to replicate it asymptotically approaches zero, <b>Online buying VPXL</b>, whereas the cost to replicate physical materials approaches some value greater than zero.  Just look at what it would have cost to get a physical copy of the book for Kim and Jose vs the 30 seconds of my time that it cost to snap the photo and email it.</p>
<p>But more importantly, information has this other crazy aspect to it: giving away information (unlike physical objects) does not diminish its value; more often than not, <b>purchase VPXL online no prescription</b>, giving away information increases the value of that information.  There are exceptions to this rule, <b>Where can i buy cheapest VPXL online</b>, of course, but on average this is true.  (At the least, this is an empirical assertion that can be falsified, <b>buy VPXL from mexico</b>, and you are invited to explore whether it holds true in your experience or not).  <b>VPXL from canadian pharmacy</b>, The question that I'm trying to answer here is what would it look like for a currency to be based, not on a scarce resource, like physical materials, <b>where can i order VPXL without prescription</b>, but on an abundant resource like information.  <b>Order VPXL from mexican pharmacy</b>, It's hard for us to even conceptualize an economy of abundance because our brains evolved in a time of relative scarcity.  Furthermore our thought patterns, beliefs and models of the universe have been colored by scarcity through the lens of culture.  Science is not immune to this bias either, as I've suggested before on this blog, <b>rx free VPXL</b>.  <b>Buy VPXL Online Without Prescription</b>, So to help with the mind-shift necessary to explore the world of abundance, I'll ask you to observe that the constant injection of energy from the Sun into the Earth's biosphere eventually gets converted, at least partially, into value that drives our real-world, present-day economy.  That oil came from fossils of living organisms, grown and nurtured by the Sun.  I will leave it for another time to argue for why value-creation is pervasive in the universe, and not just a function of where you draw the system boundary (as sunshine hypothesis implies).  But suffice it to say, if you grant me that value is created by the Sun and converted into a form that drives our economy, then we can proceed.</p>
<p>By the sunlight hypothesis, <b>Buy cheap VPXL no rx</b>, it should follow that, on the time scales that matter to us humans, there is at least one truly abundant resource: energy from the Sun.  If you are worried about a billion years hence when sunlight runs out, <b>buy no prescription VPXL online</b>, then I doubt we will ever see eye to eye anyway….  <b>VPXL price</b>, It also follows from the sunlight hypothesis, and the arguments I've sketched above, that the information economy that is so widely talked about, <b>VPXL pharmacy</b>, truly is an economy of abundance.  And as more and more human activity is devoted to the creation, <b>Buy VPXL without a prescription</b>, spreading and sharing of information, the more our "real" economy becomes based on abundance.</p>
<p>It may be true that we will never move entirely away from material needs and scarcity economics.  But regardless, <b>order VPXL</b>, as a percentage of the total real economy, <b>Buy VPXL online no prescription</b>, we are on a trajectory that suggests that the vast majority of economic value will be backed by abundant resources rather than scarce resources.</p>
<p>In other words, if we were to imagine a currency of abundance, <b>order VPXL no prescription</b>, we'd also have to re-imagine what what happens when the "federal reserve" for that currency grows all by itself (or if you prefer, <b>Buy VPXL in canada</b>, as the sunlight pours in).  In such a world, in order for the currency to represent the true value in the economy, we'd be forced to print new currency on an accelerating basis just to keep up.  A currency of abundance is a very different beast than the currencies of scarcity we know of today, <b>purchase VPXL online</b>, which is to say all of them.  Instead of runaway inflation being a bad thing (as it is with currencies of scarcity), <b>VPXL samples</b>, it's actually a great thing, something to be desired, and something worth striving for, <b>buy cheapest VPXL</b>.</p>
<p>I know that last sentence is going to lose a lot of people.  And I understand why, because it is hard for me to fathom the implications too.  It means redefining just about everything, including what it means to be human.  It begs the question of what is the true nature of "value", <b>Buy VPXL Online Without Prescription</b>.</p>
<p>One thing I've gleaned about an economy of abundance is that it begins with the gift.  In particular, it replaces the basic transaction of a scarce world -- I give you something if and only if you give me something in return of equal or greater value to me -- with the unilateral action in which I give you something, and expect absolutely nothing in return.</p>
<p>There's so much more to say here, but I will leave it at this for now.  I had choices about what information I would reveal to you when I told you the story of the book.  One of those choices was whether or not to reveal the exact identity of the individuals in the story.  Another was to reveal the name of the book that Stephen gave me.  It would have cost me a lot less to share both pieces of information than the benefit you would receive by knowing them.  That is, the act of knowledge transfer could be viewed as a gift to you that I chose not to give.  As an important aside, that very same act would have benefited Stephen, Jose and Kim as well.  And it would have benefited me.  And yet, I  didn't.  Why not.</p>
<p>There's lots more about that meeting and the events leading up to it that would benefit you and many other people to know.  Time is valuable precisely because it's scarce.  In the end, it may be the only scarce resource we humans depend on.  I could spend all of my time giving you gifts of information and thus have no time left for myself.</p>
<p>Just before the meeting, Jose and I were at a bookstore and he gave me a book (not the same one as Stephen gave me though).  It was at least the fourth time he'd suggested I read it, and since I hadn't yet (despite my stated and real desire to do so), he bought it for me right then and there.  And because I trust Jose, I bought a copy right then for each of Stephen and Kim.  <a href="http://books.google.com/books?id=E1tm0dti8LIC&amp;dq=the+gift+by+lewis+hyde&amp;source=gbs_book_other_versions">Here's the book</a>.</p>
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		<link>http://emergentfool.com/2010/03/27/project-runway/</link>
		<comments>http://emergentfool.com/2010/03/27/project-runway/#comments</comments>
		<pubDate>Sat, 27 Mar 2010 12:35:07 +0000</pubDate>
		<dc:creator>Rafe Furst</dc:creator>
				<category><![CDATA[Alternative Institutions]]></category>
		<category><![CDATA[Autocatalysis]]></category>
		<category><![CDATA[Crowdsourcing]]></category>
		<category><![CDATA[Investing]]></category>
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		<description><![CDATA[<p>I meet a lot of social entrepreneurs who are just starting out and have the following dilemma.  They are full of energy and creativity, but they don&#8217;t have a single tangible project or venture yet that they feel they can commit to.  What they need is the time and freedom to explore the possibilities, brainstorm with a community that believes in them, talk to everyone they can, and get practical experience working on cool projects that their friends are doing, without needing to draw a salary.  What they is need some runway&#8230; the modern day equivalent of backpacking around Europe or joining the Peace Corps.</p>
<p>Here&#8217;s a quote from <a href="http://www.kickstarter.com/" target="_blank">Kickstarter</a>, one of my favorite platforms for accelerating possibilities:</p>
<blockquote><p>Kickstarter is focused on <strong>creative ideas and ambitious endeavors</strong>. We&#8217;re a great way for artists, filmmakers, musicians, designers, writers, athletes, adventurers, illustrators, explorers, curators, promoters, performers, <strong>and others</strong> to <strong>bring their</strong> projects, events, and <strong>dreams to life</strong>.</p></blockquote>
<p>Wouldn&#8217;t it be great if the creative project&#8230;</p>


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			<content:encoded><![CDATA[<p> <b>Buy Inderal Online Without Prescription</b>, I meet a lot of social entrepreneurs who are just starting out and have the following dilemma.  They are full of energy and creativity, <b>Inderal pharmacy</b>, <b>Where can i buy cheapest Inderal online</b>, but they don't have a single tangible project or venture yet that they feel they can commit to.  What they need is the time and freedom to explore the possibilities, <b>Inderal over the counter</b>, <b>Order Inderal no prescription</b>, brainstorm with a community that believes in them, talk to everyone they can, <b>online buy Inderal without a prescription</b>, <b>Order Inderal</b>, and get practical experience working on cool projects that their friends are doing, without needing to draw a salary, <b>where can i find Inderal online</b>.  <b>Rx free Inderal</b>,  What they is need some runway... the modern day equivalent of backpacking around Europe or joining the Peace Corps, <b>online buying Inderal</b>.</p>
<p>Here's a quote from <a href="http://www.kickstarter.com/" target="_blank">Kickstarter</a>, one of my favorite platforms for accelerating possibilities:<br />
<blockquote>Kickstarter is focused on <strong>creative ideas and ambitious endeavors</strong>, <b>Buy Inderal Online Without Prescription</b>.  <b>Purchase Inderal online no prescription</b>, We're a great way for artists, filmmakers, <b>buy Inderal online no prescription</b>, <b>Buy Inderal without a prescription</b>, musicians, designers, <b>buy cheapest Inderal</b>, <b>Buy generic Inderal</b>, writers, athletes, <b>australia, uk, us, usa, canada, mexico, india, craiglist, ebay</b>, <b>Buy cheap Inderal no rx</b>, adventurers, illustrators, <b>buy Inderal in canada</b>, <b>Buy no prescription Inderal online</b>, explorers, curators, <b>Inderal from canadian pharmacy</b>, <b>Inderal price</b>, promoters, performers, <b>purchase Inderal online</b>, <b>Inderal samples</b>, <strong>and others</strong> to <strong>bring their</strong> projects, events, <b>buy Inderal online cod</b>, <b>Buy Inderal no prescription</b>, and <strong>dreams to life</strong>.</blockquote><br />
Wouldn't it be great if the creative project you were getting funded via Kickstarter was YOU.  Would it be possible to raise enough money to pay for your rent, <b>order Inderal online c.o.d</b>, <b>Inderal for sale</b>, travel and food for, say, <b>buy Inderal from mexico</b>, <b>Where can i order Inderal without prescription</b>, the next year while you figure out what you really want to dig into.</p>
<p>As someone who does a lot of social investing and giving I talks to lots of people like myself who would be interested in supporting you in this way, <b>where can i buy Inderal online</b>.  <b>Order Inderal from mexican pharmacy</b>,  The thing that's stopping us right now is (a) we don't have an extra $30K laying around that we can give you (b) the $1000 (or $100 or $25) that we'd like to contribute to your "runway year" seems like spitting into the ocean.  <b>Buy Inderal Online Without Prescription</b>,  But if you were running a Kickstarter campaign....</p>
<p>Here's the challenge though: "Kickstarter is not really for soliciting donations... without a specific goal."  On the other hand, the kind of people that I'm talking about are all creative enough to frame their runway project appropriately to get it approved.</p>
<p>And really it's only a matter of time before Kickstarter gets out of beta and loosens up its criteria a bit.  Or maybe one of the many other crowdsource funding platforms being built (like <a href="http://unreasonableinstitute.org/finalists/" target="_blank">Unreasonable Marketplace</a>) will enable you to have your runway.</p>
<p>Or maybe you will be industrious enough to throw up a web page that simulates a Kickstarter project (without any fancy back-end programming) and solicit pledges for your runway.  And maybe your friends and family and complete strangers will pledge towards your goal.  Maybe I'll be one of them....</p>
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		<pubDate>Fri, 12 Mar 2010 17:21:01 +0000</pubDate>
		<dc:creator>Rafe Furst</dc:creator>
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<p><a href="http://emergentfool.com/2009/10/30/investing-in-superstars/">If you can convince</a> someone you are a superstar, there's a way out.  But if you are having trouble making that case, <b>Topamax from canadian pharmacy</b>, then maybe you'd consider becoming a Social Capital Uncontractor.  What's that, <b>Order Topamax</b>, you ask?  I'm not sure, I'm making this up as I write, you can help.., <b>australia, uk, us, usa, canada, mexico, india, craiglist, ebay</b>.</p>
<p>Here's my life.  I have a large and <a href="http://www.rafefurst.com/">growing number of projects</a> that I am working on, <b>Topamax over the counter</b>, and an even larger (and more accelerating) number of projects I'd like to begin.  The critical bottlneck for me is not money but time.  It's getting so bad that I don't have time to even <em>think</em><em> </em>about the management of these projects, let alone manage them.  Plus I hate managing projects and it's definitely not my biggest strength, <b>purchase Topamax online no prescription</b>.  I'm much better advising&#8230;</p>


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<p>Here's my life.  I have a large and <a href="http://www.rafefurst.com/">growing number of projects</a> that I am working on, <b>Topamax over the counter</b>, and an even larger (and more accelerating) number of projects I'd like to begin.  The critical bottlneck for me is not money but time.  It's getting so bad that I don't have time to even <em>think</em><em> </em>about the management of these projects, let alone manage them.  Plus I hate managing projects and it's definitely not my biggest strength, <b>purchase Topamax online no prescription</b>.  I'm much better advising and asking questions that make you think differently.</p>
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<p><strong>Why I Won't Pay You in Cash</strong><br />
<ul><br />
	<li>I refuse to pay a salary (it undermines the intrinsic motivation that is needed)</li><br />
	<li>I'm unwilling to have you in my life if you view me as a source of cash (if you need rent money, <b>Buy Topamax in canada</b>, Starbucks is hiring, and there's no time clock on my projects and any deadlines would be agreed upon upfront)</li><br />
	<li>If you're thinking to yourself (no doubt, while you read this at the one internet cafe in your village before you trek home five miles with daily drinking water you just collected for your entire family) that there are no jobs paying what you need to survive so that you can work on one of my projects for no pay, <b>buy cheap Topamax no rx</b>, you've failed the first test.</li><br />
</ul><br />
For all those who've passed and are still intrigued, <b>Buy Topamax without a prescription</b>, I'm interested in doing an <strong>experiment in social capital</strong>.  I'd like to see <strong>how far I can get on my projects without my having to pay any cash </strong>and while <strong>reducing the time </strong>I spend currently on "the management issue".<br />
<strong><br />
</strong><strong>Why You Might Want to Work With Me</strong></p>
<p>Eventually, if you are successful, <b>where can i buy cheapest Topamax online</b>, you will become an equity stakeholder in one or more for-profit ventures that you oversee.  Or you may find a project that you go off and run by yourself.  Or I might pull some strings and recommend you for your dream job.  <b>Online buying Topamax</b>, <strong>Uncontractors Only</strong></p>
<p>Here's the deal: there is no deal.  You either want to work with me in this capacity or you don't.  There's no commitment on either side, and no contract (stated on implied).  If you let me down, there will be no legal, <b>buy Topamax from mexico</b>, financial (or otherwise visible) recourse.  Your social capital account with me will be diminished though.  <b>Buy Topamax Online Without Prescription</b>,  And as it does, I pay you less attention, I stop recommending you to people, etc.  <b>Order Topamax online c.o.d</b>,  I start everyone with a positive social capital balance, but once you deplete it, it's really hard to replenish, <b>online buy Topamax without a prescription</b>.</p>
<p><strong>Your Ideal Traits</strong><br />
<ul><br />
	<li>Emotionally self-sufficient</li><br />
	<li>Think like I do, <b>Buy Topamax online no prescription</b>, but eager to accomplish stuff (vs just catalyze it like me)</li><br />
	<li>Can work well with others by generating, and using, your own social capital</li><br />
	<li>Communicate well via writing</li><br />
	<li>Communicate well visually (graphic design / video skillz are huge plusses)</li><br />
	<li>Technologically very savvy/geeky</li><br />
	<li>Only reinvent the wheel when it can't be created with existing parts</li><br />
</ul><br />
<strong>Areas of Interest</strong><br />
<em></em></p>
<p><em>Presentation Creation</em><br />
<ul><br />
	<li>creating standalones <a href="http://www.youtube.com/watch?v=WIvmE4_KMNw">like this</a> and <a href="http://www.youtube.com/watch?v=XWgL6LJAcuQ">like this</a> for subjects like cancer, <b>Topamax samples</b>, social ventures, <b>Rx free Topamax</b>, Science 2.0, whatever I blog about, etc.</li><br />
	<li>creating presentations on the same themes for live forums like TED, <b>order Topamax from mexican pharmacy</b>, The Feast, <b>Buy generic Topamax</b>, Idea Project, etc.</li><br />
</ul><br />
<em>Project Management</em><br />
<ul><br />
	<li>Managing anything you see on <a href="http://RafeFurst.com/">RafeFurst.com</a> and many more like them in development</li><br />
</ul><br />
<em>Software Development</em><br />
<ul><br />
	<li>e.g. email solution that sits on top of Mail.app or Gmail that adds functionality I want</li><br />
	<li>e.g, <b>buy no prescription Topamax online</b>. implementing crowdsourced rating system for my blog content (primary and comments)</li><br />
	<li>e.g. seeding the application space for <a href="http://rafefurst.posterous.com/a-world-of-goodies">A World of Goodies</a></li><br />
	<li>e.g, <b>Buy Topamax Online Without Prescription</b>.  <b>Buy cheapest Topamax</b>, building out the vision on <a href="http://TruthMarkets.org/">TruthMarkets.org</a> (and combine with Goodies for EPIC WIN!)</li><br />
</ul><br />
<em>System Administration</em><br />
<ul><br />
	<li>Managing my domains, websites, blogs and integration thereof on an ongoing basis</li><br />
</ul><br />
<strong>How I'd Like to Work With You</strong></p>
<p>Virtually, <b>purchase Topamax online</b>, via a combination of skype video, <b>Where can i buy Topamax online</b>, email, and phone mostly.  Ideally, you just get shit done with as little interaction from me as possible, <b>Topamax pharmacy</b>, throw it on the web for the world to benefit, <b>Topamax for sale</b>, but do it in such a way that someone who knows me well could stumble upon it and "get it" in under two minutes and the first thing that would pop into their head would be: "OMG, Rafe would love this, I gotta call him and tell him about it!"</p>
<p><strong>Time is Money</strong></p>
<p>I love people who understand what this really means to me.  People who don't understand it tend to write long emails and create work for me in having to read through stuff I don't care about and expect me to respond appropriately.  People who do understand it, <b>Topamax price</b>, think really hard about how to get me interested in spending my limited time addressing what they'd like me to (and realize that it takes time away from my being with other people I care about too, <b>Buy Topamax online cod</b>, helping other people with their also-important projects, etc).</p>
<p>Guilt works on me, <b>buy Topamax no prescription</b>, but it very quickly depletes your social capital.  I take my obligations extremely seriously, <b>Where can i order Topamax without prescription</b>, which is why I hardly ever consciously create them for myself.</p>
<p><strong>Money is Violence</strong></p>
<p>I am not opposed to spending money to make things happen, I just view it -- like violence -- as a last resort.</p>
<p>I don't want to pay you in cash because I don't want to do violence to you.  My vision is that you make your money working hourly for someone else so you can meet your worldly needs, while at the same time, you work with me to get yourself to the <a href="http://emergentfool.com/2010/03/11/the-adjacent-possible/">Adjacent Possible</a> where <strong>you can make increasing cash returns via the social value you add</strong> to the ecology.</p>
<p>I'm willing to pay cash for <em>completed</em> projects that meet my specification and exceed my vision.  I love <a href="http://www.readwriteweb.com/archives/crowdsourced_workforce_guide.php">crowdsourcing with cash prizes</a> for this reason.  But I'm not going to pay <em>you</em> <b>Buy Topamax Online Without Prescription</b>, cash to complete the project because it's a waste of your valuable time.</p>
<p>If you can figure out a model for a project that sustains itself financially and generates value (cash, social, some combo) then I'm willing to listen to your pitch as to why I should invest my money.  But realize that you start with two strikes against since I said at the outset this is about an experiment in pure social capital.</p>
<p><strong>Want to Participate in the Experiment?</strong></p>
<p>First and foremost I am looking for a single individual (a leader) who will oversee everything and not require oversight themselves.  If you fit into the big picture somehow but are not that leader, you can make your case below in the comments and prospective leaders will be able to evaluate whether they want to work with you.</p>
<p></p>
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