this also reminds me of the internet currencies created during the dotcom
boom (i.e. flooz beenz) and also of e-gold (which is still around:
www.e-gold.com), all of which use tokens rather than dollars (which are
tokens too). these always seemed to me to be ADDING a step to transactions
rather
here's a good introduction to local currency systems.
http://www.transaction.net/money/
etb
-Original Message-
From: ArmChair List [mailto:[EMAIL PROTECTED] Behalf Of Susan
Hogarth
Sent: quinta-feira, 30 de Outubro de 2003 20:41
To: [EMAIL PROTECTED]
Subject: Re: Why is local currency
i read this awhile back; it's kind of thin. the most interesting thing is
that Ms. Hertz used to be a go-go globalizer (helped set up a stock exchange
in russia, fr'instance) who then turned. but her book is pro-capitalism at
bottom and liberal in the classic sense of the word - her main fear of
p.s. it's on the web now...
http://www.consumerreports.org/main/detailv2.jsp?CONTENT%3C%3Ecnt_id=157017;
FOLDER%3C%3Efolder_id=18151bmUID=1023794495677
or at tinyurl.com:
http://tinyurl.com/ctr
(tinyurl is a brilliant service that changes those bulky URLs into
manageable - indeed, tiny - ones.
now that we know what the book is, where can we get it?
okay, it's a rhetorical question!
in Europe, Amazon.co.uk can get it in 4-6 weeks (or so they say).
(http://www.amazon.co.uk/exec/obidos/ASIN/1572460016/qid=1019639017/sr=1-8/r
ef=sr_1_0_8/026-7055219-4760407)
in the US, Amazon.com only has
relatedly, how will this change (or has this changed?) given the fact that
you can get a fairly good quality digital scan of a photo for a relatively
low price - and reprint it from the file (or by rescanning) ad infinitum at
no additional cost?
seems that as the scanning/digitalization process
^BC-Nobel-Economics,0041
^URGENT=
^Three Americans win the Nobel prize in economics
¶ STOCKHOLM, Sweden (AP) _ Americans George A. Akerlof, A. Michael Spence
and Joseph E. Stiglitz won the Nobel prize for economics Wednesday for
advances in ways to analyze markets.
¶ ^MORE=
¶
etb
folks:
isn't the point here that - at the moment a trade is executed - the number
of buyers and the number of sellers are equal. before that, though, there
can be more people seeking to sell than seeking to buy (or vice versa) and
that is why prices change the market can clear?
etb
seems the key move was to close on- and off-ramps. the problem with traffic
in many cases is merging. seems drivers, pursuing individual success over
the success of the whole operation, merge uneconomically.
i've seen a model that shows how drivers, if all are civil and merging is
zipper-like
two points:
1. i expect this market would correct faster than the one for computer
scientists, as some of those going into economics at the graduate level
would be enticed by these high salaries (and perhaps the pleasure of being
actively recruited). if your reason for taking an econ degree is
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