Interactive exercises to obtain an experiential sense of economic concepts in the raw: resources, allocation, distribution, markets, and pricing. The goal of this session is to investigate economics at its most basic core, as systems for producing and consuming more about what we care about in the world – resources, both tangible and intangible. There will be two experiential exercises: 1) resource production and consumption, and 2) truth-state propagation in decentralized networks
his is a special pop-up meeting of the New School New Economies research group (http://blockchainstudies.org/NSNE.pdf) which is concerned with the philosophy of economic theory, particularly in the context of the emergence of decentralized models such as blockchain technology. Blockchain technology is the distributed ledger system upon which cryptocurrencies such as Bitcoin run. Blockchains have a decentralized structure that allows for secure value transfer, automation, and algorithmic trust as a new mechanism for building societal shared trust. The current practical status is rapid adoption of blockchains by worldwide financial institutions. At its essence, economics is a suite of systems for coordinating the patterns of human activity. We might ask how multiple kinds of systems could be built lego-like from economic building blocks to valorize and effectuate a wider range of objectives, values, and outcomes. Instead of being monolithically structured, the well-fittedness of an economic model could be attuned to the scale, purpose, nature, and participants of the endeavor. For example, material goods economies (sustenance) and social goods economies (recognition, autonomy) already have different structures and behaviors. Local organic resource economies operate differently than macro-scale nation-state economies. Bio-economies (signaling, delivery, and consumption of resources) in living organisms are different than traditional market economies.
Pop-up Facilitators: Melanie Swan, New School; Rebecca Migirov, ConsenSys
Questions? Contact Melanie Swan, email@example.com
Interested? Please join our Facebook group: https://www.facebook.com/groups/NewEconomies
What is blockchain technology?
What can Blockchain do for you? https://www.youtube.com/watch?v=XPzj3RQQDok
Bitcoin and Blockchain Technology Explained http://www.slideshare.net/lablogga/