Video and lecture review
T.J
IT20LectureInvisibleHands.pptxThe ‘Invisible Hand’ -Behind Technology & Society Beyond Higher Education
By Matthew Yen
May 3rd 2018
Apple joke
1
Great Teachers
5/6/2018
2
Metaphor
Roots – laws, principles, theories
Trunk – components, elements
Canopy – applications, industries, etc.
5/6/2018
3
Money System vs. Steam
Goods Flow
Cash Flow
Counter Flows
Beyond Adam Smith
Ideal Supply and Demand Curves
Supply Law -> Self Interest
Demand -> Competition
Note: Ideal Hyperbola Form
States and Processes (Equilibrium vs Non-Equilibrium)
State B
State A
Undeniable Influences of Natural Sciences Paradigm Shift: Deterministic, Stochastic and Heuristic
Stochastic
(Statistic mechanics,
Statistics, etc.)
Deterministic
(Newtonian mechanics)
Heuristic
(Quantum mechanics,
Eigen vectors,
Google search, AI, etc.)
1642-1727
1844-1906
1879-1955
1887-1961
1839-1903
1818-1883
1809-1882
8
Carnot Cycles
Carnot (1796-1832)
Technology as Metaphor
Behind Market Economy
Production and Business
Motivations:
Needs,
Interest
Supply
Demand
Resources, Ability
Equilibrium Point
Goal
Supply
Demand
Productivity
Qe
Pe
a
c
b
d
Area: Expected Profit
Production Cycle
Business Cycle
Value
Supply
Demand
Market Potential
Qe
Pe
a
c
b
d
Area: Realized Profit
Invisible Hand: Interest, Needs, Motivation, and Potential (Energy)
1908-1970
1723-1790
Invisible Hands
Faith, Disciplines
Supply
Demand
World
Qe
Pe
Creativity, Innovation
Technology Diffusion
Acts of God
Plan & Strategies
Economic Cycles (Frequency => Profit)
Entropy
Economic Temperature
Time
Economic Models (Concept Models at the Global Scale)
Jesus and Parables
5/6/2018
18
Historical Perspective
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way
- in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.
Tales of Two Cities (Charles Dickens)
Entropy
Individual
Capitalism
Communism
National Capitalism
(China Model/San-yat sen Model?)
Economic Models in the TS Domain
