Banks, Brains, and Factories - thinking in Promises for a Future World

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Transcript of Banks, Brains, and Factories - thinking in Promises for a Future World

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Mark Burgess

Banks, Brains, and FactoriesThinking in Promises for a Future World

Mark Burgess

Why do we cooperate?

Cooperation enables economic win - resource sharing

VALUE AND PRICE

CURRENCY

TRADE RELATIONSHIP

Civil society

The Great Depression (1930s)

In Economics We Trust…

Borrowing debt (advanced and retarded money)Permission to violate the laws of physics…

• So do I have to pay you back?

• Behind value is trust and desire, not intrinsic accounting

• Borrow once, pay geometrically…

But money is only simple information exchange

• Decentralized agency

• Central semantics

Exchange requires INTENT

The promise is the source of intent by which all promisees and observers may calibrate their expectations….

The voluntary basis of trust….

1. Agents and super agents make promises in a scaling hierarchy

2. An agent can never make a promise about another agent’s behaviour (only its own)

3. An agent’s promise need not be accepted or used by its intended or unintended recipient!

4. An agent makes its own valuations: what you have is only worth what another is willing to give you for it

5. Dependency invalidates promises

Promise Theory (in 1 slide)

PRODUCTION of RESOURCES - pipeline flow thinking

• Source of promises

• Source of semantics

• Ruled by dynamics

• Cooperative network

The human dependencies, (employment) - mind to body

Hierarchy of promise dependencies for old/new economy

Scaling away (our) humanity?

Aco

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depr

essio

n?

The new economics - a smart uber-mind?

Cognition: are brains knowledge banks - a new economy?

Central relationship manager, learning, building trust.

Smart cities / spaces and communities?

Learning builds trust in future outcomes

The failures of service modularitythe scaling of agency, promises, and semantics

• Cities were monolithic, then came modular cities… or smart cities?

• Trust in Microservices or objects, or workforce, teams, ecosystems .

Artificial cognition? AI?The end of cooperation?

Wha

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hat p

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DESIGNING SYSTEMS FOR COOPERATION

MARK BURGESS

PROMISES“This is where a great quote goes. Excellent book!” –Joe Blough

THINKINGIN

Read more … @markburgess_osl