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Business Plan: Your Financial Plan. The financial part of of Social Media on Society, a business plan includes various financial statements that show where your company currently stands and where it expects to be in the Australian Films, and "The of Priscilla, Queen of the the near future. This information helps you determine how much financing your business needs and helps outsiders determine whether lending you money or investing in Impact of Social Media your business is of Play example a wise use of their funds. Impact Media. Lenders and Marxism and Radical investors will expect that you have invested your own money in the firm to Impact of Social Media, demonstrate that you are committed to Traditional Three Cinderellas, your idea and Impact of Social Media on Society confident that your business will succeed. Of I Can Do Bad All. The amount of your own money you will need to have invested in the business compared to Impact, the amount you want to biochemical tests for identification table, finance varies, but it usually ranges from Impact of Social Essay, 20% to The Nature of Play, 50%. You must also determine what type of financing would be most suitable for Impact of Social Media on Society Essay your business. Banks offer several types of biochemical table, loans to of Social Media on Society, businesses that do not present too much risk. Do you need a short-term working capital loan to refugee hustle, increase your inventory?

Do you want a transaction loan, where you receive all the Impact of Social Media Essay, money at once, or a line of credit, where you draw on of i bad all funds as you need them? Do you need an of Social Media Essay, intermediate-term loan to purchase larger assets such as real estate or equipment? Would you prefer revolving credit, which has a longer time frame than a line of credit and celtic gods names allows you to re-borrow funds that you have previously paid back? Or are you a high-risk business that needs to Impact of Social Media on Society, jump through the extra hoops required to secure a government-backed Small Business Administration loan? (See Expanding Your Small Business with an SBA Loan .) Structuring Your Financial Plan. Cast Of I By Myself. Begin your financial plan with information on of Social Media where your firm stands financially at for identification of bacteria table, the end of the most recent quarter what its financial situation has looked like historically. Then lay out Media on Society, your goals with financial projections for of Play the next three to five years, depending on Impact of Social Media on Society Essay what lenders or investors have asked for.

These are called pro cast of i can do bad all forma statements, and Impact of Social Media Essay they are based on your assumptions about how your business will perform. Refugee Hustle. Your one-year projections should be broken down by month, while your more distant projections can be broken down by year. If your business plan is for Impact of Social Media the expansion of an Traditional Literature: Three, existing business, your statements will be based on your business's existing financial data. If your business is new, your statements will be speculative, but you can make them realistic by basing them on Impact of Social Media on Society the published financial statements of Marxism and Radical Essay examples, existing businesses similar to yours. If you can’t find this data on Impact Essay your own or if it simply doesn’t exist because your business concept is too unique or all similar companies are privately held, look for threepenny opera an accountant who has experience working with businesses similar to of Social, yours and celtic gods can help you create realistic financial projections. Impact On Society Essay. Three Key Financial Statements. Cast Bad All By Myself. Your financial plan should include three key financial statements: the income statement, the balance sheet and of Social on Society the cash flow statement. Let's look at threepenny, what each statement is and why you need it. The income statement, also called the of Social Essay, profit and Films, "Crocodile Dundee" and "The Queen of the Desert" loss statement or PL, summarizes your company's revenue and expenses. Impact Media Essay. Revenues are your company's sales and/or other sources of income (for example, a cleaning business earns revenues from the for identification, hourly or per-room or per-home fee that it charges its clients; a grocery store earns revenue from the on Society, foods and other products and biochemical tests for identification of bacteria services it sells. Expenses include items such as the cost of of Social, goods sold (the money you spend buying produce, meat and biochemical for identification table dairy from of Social on Society, local farmers, for example) payroll for employees, payroll, sales and income taxes, business insurance and Comparing Films, "Crocodile of Priscilla, Desert" loan interest.

The bottom line of the income statement shows the company's net income, or its revenue minus expenses. Media. Lenders and investors want to know what kind of numbers your company is Marxism and Radical and Liberal Feminism Essay working with and of Social Media on Society Essay whether your company is summary profitable or expects to be soon. Media On Society. (To learn more, read Understanding The Income Statement .) Balance Sheet. Cast Can Do Bad All. The balance sheet shows your company's assets and of Social liabilities. It's called a balance sheet because the The Nature of Play, assets must perfectly balance the Impact of Social Media on Society, liabilities. Within each category are numerous subcategories. Of I Bad All. For example, your assets will include cash, accounts receivable, inventory and on Society Essay equipment. Your liabilities will include accounts payable, wages and salaries, taxes, rent and utilities, and loan balances.

The balance sheet is summary important because it shows the company's financial position at Impact on Society, a specific point in refugee hustle time, and Impact of Social it compares what you own to The Nature Essay, what you owe. Impact Of Social. (For more information, see Reading The Balance Sheet .) Cash Flow Statement/Cash Budget. And Liberal Feminism Essay Examples. The cash flow statement shows the Impact of Social Essay, sums you expect to be coming into and going out of opera, your business in Media on Society a given time frame. Topics you'll need to The Nature of Play example, examine to predict cash flow include sales forecasts, cash receipts vs. Of Social Media On Society. credit receipts and refugee hustle the time frame for collecting accounts receivable. How much will these expenses be, and Impact Media on Society how often will you need to pay them? Will you have trade credit, and tests for identification of bacteria table how long will you have to Impact of Social Media, pay your suppliers? Cash flow statements not only show potential investors that you know what you're doing, they also help you to celtic names, make sure your business model is Essay financially viable and to for identification of bacteria table, establish goals that you want to Impact on Society Essay, achieve. Threepenny Opera Summary. (For more on this subject, check out Impact Media on Society Essay, What Is A Cash Flow Statement? and of i can do The Essentials Of Cash Flow .) Your financial statements should show both a long- and of Social Media on Society short-term vision for refugee hustle your business.

In business plans, three-year and Impact of Social on Society Essay five-year projections are considered long term, and your plan will be expected to cover at least three years. Cast Of I Bad All. Your projections should be neither overly optimistic best-case scenarios, nor overly cautious worst-case scenarios, but realistic in-between projections that you can support. On Society Essay. Don’t commit the of bacteria table, common error of making hockey-stick projections that predict sudden, sharp growth – that’s a classic way to look like an Media on Society Essay, amateur. (For further reading, see What You Need To Know About Financial Statements and our in-depth Financial Statements Tutorial .) Lenders may want your statements presented in Marxism and Liberal Essay examples a certain way, so ask before you draw them up. A bank, for example, may want to of Social Essay, see monthly projections for the first year, quarterly projections for Marxism and Liberal examples the second year and Impact annual projections for the third year. In addition to and Radical Feminism examples, financial statements for Impact of Social on Society your company, if you are a new business, you may need to summary, provide personal financial statements for Impact on Society each owner. Threepenny Summary. These statements should list each owner’s assets, such as checking and Impact Essay savings account balances, stocks and of bacteria bonds, retirement account balances and home equity, as well as liabilities such as mortgages, student loans, taxes owed and other debts. When you put together your financial statements, make sure there are absolutely no typos or mistakes in Impact on Society Essay your calculations. Can Do Bad All. If you are inexperienced in preparing these statements, hire an Impact on Society Essay, accountant to help you. Even if you and threepenny all of on Society Essay, your business partners know exactly what you are doing, you may still want to opera summary, hire an unbiased, outside professional to Media Essay, check your work and Literature: Cinderellas example give you a second opinion on of Social Media whether your projects are realistic. You don't want to be blindsided by The Nature example mistakes or problems in Impact of Social Media on Society Essay your financial statements when a potential lender or investor reviews your proposal.

What You Can Learn from threepenny opera, Your Financial Statements. While the Impact, financial statements are helpful in and of refugee hustle, themselves, the Impact Essay, data they contain can also be used to calculate financial ratios such as gross profit margin, return on and Radical and Liberal Essay investment and of Social return on owner's equity. Ratios provide helpful information about Three, a company's liquidity, profitability, debt, operating performance, cash flow and investment valuation. Of Social. (Learn more about biochemical for identification table, financial ratios in our Financial Ratio Tutorial .) Additional Financial Information. In addition to of Social on Society, financial statements, prospective lenders or investors will also want to gods, see a sales forecast and, if your business will have employees, a personnel plan. The sales forecast is a chart that breaks down how much your business expects to sell in various categories by month (for the Impact of Social, next year) and by Marxism examples year (for the following two to four years). Of Social Media On Society. For a cleaning service business, the sales forecast might list one-time cleanings, monthly cleaning contracts and annual cleaning contracts and further break those down by houses, condos, apartment units, entire apartment buildings and and Radical Essay office buildings. Impact Of Social Essay. For a grocery store, the sales forecast might list projected sales of fruits, vegetables, dairy, meat, seafood, packaged goods and biochemical tests of bacteria table hot prepared meals. If your business sells a product, your sales forecast should include the cost of goods sold. If your business will have employees and of Social Media on Society Essay not just managers, you will need a personnel plan showing what types of Traditional Literature: Three Essay example, employees you will have (for example, cashiers, butchers, drivers, stockers and cooks along with what they will cost in Impact Media on Society Essay terms of refugee hustle, salary and of Social on Society wages, health insurance, retirement plan contributions, workers compensation insurance, unemployment insurance, and Social Security and celtic gods names Medicare taxes. Use of Loan or Investment Capital.

You’ve made a strong case for Impact of Social Media on Society Essay your business idea, its viability and your ability to "Crocodile and "The of Priscilla, Queen Desert", execute it. So how, exactly, do you plan to of Social Media Essay, use any money that lenders or investors offer you? They’ll want to Literature: Cinderellas, know. If you’re requesting a $100,000 loan, for example, you might break that down into the amount that will go toward equipment such as cash registers, shelving and of Social Media on Society Essay refrigerated display cases; purchasing inventory; and carrying out your marketing campaign. Opera. If you’re seeking capital to Impact of Social Media, expand your business, you might show how much you plan to spend on remodeling or adding store locations. Proposed Repayment Schedule or Exit Strategy. Potential lenders will want to and Radical and Liberal, know how and when you intend to of Social, repay the celtic gods, loan or line of of Social on Society, credit, so you should put together a proposed repayment schedule and terms. For Identification Table. They may not agree with your suggestion, but offering proposed terms shows that you are considering the Impact, loan from the lender's perspective.

Also describe what collateral is available to secure the cast can do bad all by myself, loan, such as inventory, accounts receivable, real estate, vehicles or equipment. Impact Of Social Media On Society Essay. Be aware that lenders do not count the full value of your collateral, and refugee hustle each lender may count a different percentage. Potential investors will want to know when their investment will pay off and how much of a return to Media on Society Essay, expect. They will also want to of i, see that you have an Impact Essay, exit strategy to cash out on your investment and theirs. Do you plan to Cinderellas, sell the Media, business outright to Traditional Literature: Three example, another individual or company? Hold an of Social on Society, initial public offering and go public?

What will your exit strategy be if the business is failing? At what point have you determined that you will cut your losses and The Nature of Play Essay sell or close down, and of Social Media how will you repay investors if this happens? (See Top Exit Strategy Tips for celtic names Small Businesses and on Society A Look At Exit Strategies .) Remember, no one has to lend you any money or invest in your company, and refugee hustle when they are considering doing so, they will be comparing the Impact Essay, risk and Marxism return of of Social Media, working with you to the risk and return they could get from tests for identification of bacteria table, lending to Impact on Society, or investing in other companies. You have to convince them that your business is the Comparing the Australian Films, and "The, most promising option.

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In Soviet Union, Optimization Problem Solves You. by Cosma Shalizi on May 30, 2012. Attention conservation notice : Over 7800 words about optimal planning for a socialist economy and its intersection with computational complexity theory. This is Impact Media on Society Essay about as relevant to the world around us as debating whether a devotee of the Olympian gods should approve of transgenic organisms. (Or: centaurs, yes or no?) Contains mathematical symbols (uglified and rendered slightly inexact by HTML ) but no actual math, and uses Red Plenty mostly as a launching point for a tangent. There’s lots to say about Red Plenty as a work of literature; I won’t do so. It’s basically a work of speculative fiction, where one of the primary pleasures is having a strange world unfold in the reader’s mind. More than that, it’s a work of science fiction, where the strangeness of the world comes from Marxism and Radical Essay its being reshaped by technology and scientific ideas—- here, mathematical and economic ideas. Red Plenty is also (what is a rather different thing) a work of scientist fiction, about the creative travails of scientists. The early chapter, where linear programming breaks in upon the Kantorovich character, is one of the most true-to-life depictions I’ve encountered of the experiences of mathematical inspiration and mathematical work. Impact Of Social Media On Society Essay. (Nothing I will ever do will be remotely as important or beautiful as what the real Kantorovich did, of and Radical and Liberal Essay course.) An essential part of that chapter, though, is the way the thoughts of the Kantorovich character split between his profound idea, his idealistic political musings, and Impact of Social on Society, his scheming about how to cadge some shoes, all blind to the incongruities and ironies. It should be clear by this point that I loved Red Plenty as a book, but I am so much in Essay its target demographic 1 that it’s not even funny.

My enthusing about it further would not therefore help others, so I will, to make better use of of Social Media on Society our limited time, talk instead about the cast of i bad all by myself, central idea, the dream of the Media, optimal planned economy. That dream did not come true, but it never even came close to being implemented; strong forces blocked that, forces which Red Plenty describes vividly. But could it even have been tried? Should it have been? “The Basic Problem of Industrial Planning” Let’s think about what would have to Literature:, have gone in to planning in Impact on Society Essay the manner of Kantorovich. I. We need a quantity to maximize. Traditional Three Cinderellas Essay. This objective function has to Impact Media Essay, be a function of the quantities of all the different goods (and services) produced by our economic system. Here “objective” is Films, "Crocodile Adventures Queen Desert" used in the sense of “goal”, not in the sense of “factual”. In Kantorovich’s world, the objective function is linear, just a weighted sum of the output levels. Those weights tell us about trade-offs: we will accept getting one less bed-sheet (queen-size, cotton, light blue, thin, fine-weave) if it lets us make so many more diapers (cloth, unbleached, re-usable), or this many more lab coats (men’s, size XL, non-flame-retardant),or for that matter such-and-such an extra quantity of toothpaste.

In other words, we need to begin our planning exercise with relative weights. If you don’t want to call these “values” or “prices”, I won’t insist, but the planning exercise has to Impact Media on Society, begin with them, because they’re what the function being optimized is biochemical of bacteria built from. It’s worth remarking that in Best Use of Economic Resources , Kantorovich side-stepped this problem by Impact on Society Essay, a device which has “all the advantages of theft over honest toil”. Namely, he posed only the problem of Traditional Three Essay maximizing the production of a “given assortment” of goods—- the planners have fixed on a ratio of sheets to diapers (and everything else) to be produced, and want the most that can be coaxed out of the inputs while keeping those ratios. This doesn’t really remove the difficulty: either the Impact Media on Society Essay, planners have to decide on relative values, or they have to decide on opera, the ratios in the “given assortment”. Equivalently, the Essay, planners could fix the desired output, and try to minimize the resources required. Then, again, they must fix relative weights for Traditional Cinderellas resources (cotton fiber, blue dye #1, blue dye #2, bleach, water [potable],water [distilled], time on machine #1, time on on Society Essay, machine #2, labor time [unskilled], labor time [skilled, sewing], electric power…). In some contexts these might be physically comparable units. (The first linear programming problem I was ever posed was to work out a diet which will give astronauts all the and Radical Essay examples, nutrients they need from a minimum mass of food.) In a market system these would be relative prices of factors of Impact of Social on Society production. Maintaining a “given assortment” (fixed proportions) of resources used seems even less reasonable than maintaining a “given assortment” of outputs, but I suppose we could do it. For now (I’ll come back to this), assume the objective function is threepenny opera summary given somehow, and Media on Society Essay, is not to be argued with.

IIA . We need complete and accurate knowledge of all the physical constraints on tests for identification of bacteria table, the economy, the resources available to of Social Media Essay, it. IIB . We need complete and biochemical of bacteria, accurate knowledge of the productive capacities of the of Social Essay, economy, the ways in which it can convert inputs to outputs. (IIA) and (IIB) require us to disaggregate all the goods (and services) of the economy to the point where everything inside each category is substitutable. Moreover, if different parts of our physical or organizational “plant” have different technical capacities, that needs to refugee hustle, be taken into Impact Essay, account, or the results can be decidedly sub-optimal. (Kantorovich actually emphasizes this need to disaggregate in Best Use , by way of "Crocodile Dundee" and "The Adventures of Priscilla, Queen scoring points against Leontief. Impact Of Social Media On Society Essay. The numbers in the latter’s input-output matrices, Kantorovich says, are aggregated over threepenny opera summary huge swathes of the economy, and so far too crude to be actually useful for planning.) This is, to belabor the obvious, a huge amount of information to gather. (It’s worth remarking at this point that “inputs” and “constraints” can be understood very broadly. On Society Essay. For instance, there is nothing in the formalism which keeps it from including constraints on how much the production process is allowed to refugee hustle, pollute the environment.

The shadow prices enforcing those constraints would indicate how much production could be increased if marginally more pollution were allowed. This wasn’t, so far as I know, a concern of the Soviet economists, but it’s the logic behind cap-and-trade institutions for controlling pollution.) Subsequent work in optimization theory lets us get away, a bit, from requiring complete and perfectly accurate knowledge in stage (II). If our knowledge is distorted by of Social on Society, merely unbiased statistical error, we could settle for stochastic optimization, which runs some risk of being badly wrong (if the and Liberal Feminism, noise is Impact Media on Society Essay large), but at least does well on average. We still need this unbiased knowledge about biochemical tests, everything, however, and aggregation is still a recipe for of Social Media Essay distortions. More serious is the problem that people will straight-up lie to the planners about resources and Traditional Literature: Three Essay example, technical capacities, for Media Essay reasons which Spufford dramatizes nicely. The Australian Dundee" And "The Adventures Of The. There is no good mathematical way of dealing with this. III . For Kantorovich, the objective function from on Society Essay (I) and the constraints and production technology from (II) must be linear. Nonlinear optimization is possible, and I will come back to biochemical for identification of bacteria table, it, but it rarely makes things easier . IV. Impact Of Social. Computing time must be not just too cheap to Comparing "Crocodile and "The Adventures of Priscilla, of the Desert", meter, but genuinely immense. It is this point which I want to Impact Media Essay, elaborate on, because it is a mathematical rather than a practical difficulty.

“Numerical Methods for the Solution of Problems of Optimal Planning” It was no accident that mathematical optimization went hand-in-hand with automated computing. Marxism And Radical Feminism Essay Examples. There’s little point to reasoning abstractly about Impact of Social Media on Society Essay, optima if you can’t actually find them, and finding an optimum is cast bad all by myself a computational task. Of Social Media Essay. We pose a problem (find the plan which maximizes this objective function subject to Traditional Literature:, these constraints), and want not just a solution, but a method which will continue to Impact of Social Media on Society, deliver solutions even as the problem posed is threepenny varied. We need an algorithm.

Computer science, which is of Social Essay not really so much a science as a branch of mathematical engineering, studies questions like this. A huge and profoundly important division of Marxism and Radical and Liberal computer science, the Impact of Social Media Essay, theory of the Australian Films, Adventures of Priscilla, of the computational complexity, concerns itself with understanding what resources algorithms require to work. Those resources may take many forms: memory to store intermediate results, samples for statistical problems, communication between cooperative problem-solvers. The most basic resource is time, measured not in seconds but in operations of the computer. This is Impact of Social on Society Essay something Spufford dances around, in II.2: “Here’s the tests of bacteria table, power of the Impact of Social Media on Society, machine: that having broken arithmetic down into tiny idiot steps, it can then execute those steps at cast by myself, inhuman speed, forever.” But how many steps? If it needs enough steps, then even inhuman speed is useless for human purposes… The way computational complexity theory works is that it establishes some reasonable measure of the size of an instance of a problem, and then asks how much time is absolutely required to produce a solution. There can be several aspects of “size”; there are three natural ones for linear programming problems. One is the number of variables being optimized over, say n . Essay. The second is the number of constraints on the optimization, say m . The third is the threepenny, amount of approximation we are willing to tolerate in a solution—- we demand that it come within h of the optimum, and that if any constraints are violated it is also by no more than h . Presumably optimizing many variables ( n 1), subject to many constraints ( m 1 ), to Impact of Social on Society Essay, a high degree of approximation ( h. 0), is refugee hustle going to take more time than optimizing a few variables ( n. 1), with a handful of Impact constraints ( m.

1 ), and accepting a lot of slop ( h. 1). How much, exactly? The fastest known algorithms for by myself solving linear programming problems are what are called “interior point” methods. These are extremely ingenious pieces of engineering, useful not just for linear programming but a wider class of Impact of Social Media Essay problems called “convex programming”. Biochemical Tests. Since the 1980s they have revolutionized numerical optimization, and of Social Media on Society Essay, are, not so coincidentally, among the intellectual children of Kantorovich (and Dantzig). The best guarantees about the number of Comparing and Contrasting the Australian of Priscilla, of the “idiot steps” (arithmetic operations) they need to solve a linear programming problem with such algorithms is that it’s proportional to. (I am simplifying just a bit; see sec.

4.6.1 of Ben-Tal and Nemirovski’s Lectures on Modern Convex Optimization [ PDF ].) Truly intractable optimization problems of Impact of Social Media Essay which there are many are ones where the number of steps needed grow exponentially 2 . If linear programming was in this “complexity class”, it would be truly dire news, but it’s not. The complexity of the calculation grows only for identification of bacteria table polynomially with n , so it falls in Media Essay the class theorists are accustomed to opera summary, regarding as “tractable”. But the complexity still grows super-linearly, like n 3.5 . Media On Society Essay. Where does this leave us? A good modern commercial linear programming package can handle a problem with 12 or 13 million variables in Three Essay a few minutes on a desktop machine. Let’s be generous and push this down to 1 second. (Or let’s hope that Moore’s Law rule-of-thumb has six or eight iterations left,and wait a decade.) To handle a problem with 12 or 13 billion variables then would take about 30 billion seconds, or roughly a thousand years. Naturally, I have a reason for Impact of Social Media mentioning 12 million variables:

In the the Australian Dundee" Adventures of the, USSR at this time [1983] there are 12 million identifiably different products (disaggregated down to Impact Essay, specific types of ball-bearings, designs of cloth, size of brown shoes, and of i bad all, so on). There are close to 50,000 industrial establishments, plus, of course, thousands of construction enterprises, transport undertakings, collective and state forms, wholesaling organs and retail outlets. —Alec Nove, The Economics of Feasible Socialism (p. 36 of the revised [1991] edition; Nove’s italics) This 12 million figure will conceal variations in quality; and it is Impact of Social on Society not clear to me, even after tracking down Nove’s sources, whether it included the provision of services, which are a necessary part of any economy. Let’s say it’s just twelve million. Even if the USSR could never have invented a modern computer running a good LP solver, if someone had given it one, couldn’t Gosplan have done its work in a matter of minutes? Maybe an Marxism and Liberal Feminism Essay, hour, to look at some alternative plans? No.

The difficulty is that there aren’t merely 12 million variables to optimize over, but rather many more. We need to of Social Media on Society Essay, distinguish between a “coat, winter, men’s, part-silk lining, wool worsted tricot, clothgroup 29—32” in Smolensk from Traditional Literature: Three Essay example one in Moscow. If we don’t “index” physical goods by location this way, our plan won’t account for Impact of Social Essay the need for refugee hustle transport properly, and things simply won’t be where they’re needed; Kantorovich said as much under the heading of on Society Essay “the problem of a production complex”. (Goods which can spoil, or are needed at particular occasions and neither earlier nor later, should also be indexed by time; Kantorovich’s “dynamic problem”) A thousand locations would be very conservative, but even that factor would get us into biochemical tests for identification table, the regime where it would take us a thousand years to Media Essay, work through a single plan. Marxism Essay Examples. With 12 million kinds of goods and only a thousand locations, to have the of Social Media on Society, plan ready in less than a year would need computers a thousand times faster. This is not altogether unanticipated by Red Plenty : A beautiful paper at the end of and Radical examples last year had skewered Academician Glushkov’s hypercentralized rival scheme for an all-seeing, all-knowing computer which would rule the of Social on Society Essay, physical economy directly, with no need for of i can do bad all money. The author had simply calculated how long it would take the best machine presently available to execute the needful program, if the Soviet economy were taken tobe a system of equations with fifty million variables and of Social Media Essay, five million constraints. Round about a hundred million years, was the answer. Cast Of I Bad All. Beautiful.So the only game in town, now, was their own civilised, decentralized idea for optimal pricing, in which shadow prices calculated from opportunity costs would harmonise the plan without anyone needing to possess impossibly complete information. [V.2] This alternative vision, the one which Spufford depicts those around Kantorovich as pushing, was to find the Media Essay, shadow prices needed to optimize, fix the monetary prices to track the shadow prices, and then let individuals or firms buy and sell as they wish, so long as they are within their budgets and adhere to those prices.

The planners needn’t govern men, nor even administer things, but only set prices. Traditional Three Essay Example. Does this, however, actually set the planners a more tractable, a less computationally-complex, problem? So far as our current knowledge goes, no. Computing optimal prices turns out to have the same complexity as computing the optimal plan itself 3 . It is(so far as I know) conceivable that there is some short-cut to Impact of Social Media on Society Essay, computing prices alone, but we have no tractable way of cast of i can do bad all by myself doing that yet. Anyone who wants to advocate this needs to on Society, show that it is and Radical Essay possible, not just hope piously. How then might we escape? It will not do to say that it’s enough for Essay the planners to approximate the optimal plan, with some dark asides about the imperfections of actually-existing capitalism thrown into the mix. The computational complexity formula I quoted above already allows for threepenny only needing to come close to the optimum. Worse, the complexity depends only very slowly, logarithmically, on Impact Media, the approximation to the optimum, so accepting a bit more slop buys us only a very slight savings in computation time. (The optimistic spin is that if we can do the calculations at all, we can come quite close to the optimum.) This route is blocked. Another route would use the idea that the formula I’ve quoted is only an upper bound, the threepenny opera, time required to solve an Media on Society, arbitrary linear programming problem.

The problems set by economic planning might, however, have some special structure which could be exploited to find solutions faster. What might that structure be? The most plausible candidate is to look for problems which are “separable”, where the constraints create very few connections among the variables. If we could divide the refugee hustle, variables into two sets which had nothing at all to do with each other, then we could solve each sub-problem separately, at of Social Media, tremendous savings in by myself time. The supra-linear, n 3.5 scaling would apply only within each sub-problem. We could get the optimal prices (or optimal plans) just by concatenating the solutions to Media Essay, sub-problems, with no extra work on our part. Unfortunately, as Lenin is supposed to have said, “everything is connected to everything else”. Cast Of I. If nothing else, labor is both required for all production, and of Social Media on Society, is in finite supply, creating coupling between all spheres of the economy. (Labor is not actually extra special here, but it is traditional 4 .) A national economy simply does not break up into so many separate, non-communicating spheres which could be optimized independently. So long as we are thinking like computer programmers, however, we might try a desperately crude hack, and just ignore all kinds of interdependencies between variables.

If we did that, if we pretended that the over-all high-dimensional economic planning problem could be split into many separate low-dimensional problems, then we could speed things up immensely, by exploiting parallelism or distributed processing. Marxism And Radical And Liberal Feminism Essay Examples. An actually-existing algorithm, on actually-existing hardware, could solve each problem on its own, ignoring the effect on the others, in a reasonable amount of time. Of Social Essay. As computing power grows, the Comparing the Australian "Crocodile and "The Adventures Queen, supra-linear complexity of each planning sub-problem becomes less of an Media, issue, and of i can do by myself, so we could be less aggressive in ignoring couplings. At this point, each processor is on Society something very much like a firm, with a scope dictated by information-processing power, and the mis-matches introduced by their ignoring each other in their own optimization is something very much like “the anarchy of the the Australian "Crocodile Dundee" of the, market”. I qualify with “very much like”, because there are probably lots of institutional forms these could take, some of which will not look much like actually existing capitalism. (At the very least the firm-ish entities could be publicly owned, by the state, Roemeresque stock-market socialism, workers’cooperatives, or indeed other forms.) Forcing each processor to take some account of Impact Media what the others are doing, through prices and opera, quantities in markets, removes some of the grosser pathologies. (If you’re a physicist, you think of this as weak coupling; ifyou’re a computer programmer, it’s a restricted interface.) But it won’t, in general, provide enough of a communication channel to of Social Media Essay, actually compute the prices swiftly at least not if we want one set of prices, available to all. Rob Axtell, in threepenny opera a really remarkable paper, shows that bilateral exchange can come within h of an equilibrium set of prices in a time proportional to n 2 log(1/ h ), which is much faster than any known centralized scheme.

Now, we might hope that yet faster algorithms will be found, ones which would, say, push the complexity down from cubic in n to merely linear. There are lower bounds on the complexity of optimization problems which suggest we could never hope to of Social Essay, push it below that. No such algorithms are known to exist, and Comparing and Contrasting "Crocodile Adventures Queen, we don’t have any good reason to think that they do. We also have no reason to think that alternative computing methods would lead to such a speed-up 5 . I said before that increasing the number of of Social Media on Society variables by a factor of 1000 increases the opera summary, time needed by a factor of about 30 billion. Of Social Essay. To cancel this out would need a computer about 30 billion times faster, which would need about 35 doublings of computing speed, taking, if Moore’s rule-of-thumb continues to refugee hustle, hold, another half century. Of Social On Society. But my factor of 1000 for prices was quite arbitrary; if it’s really more like a million, then we’re talking about increasing the Literature: Cinderellas Essay, computation by a factor of 10 21 (a more-than-astronomical, rather a chemical, increase), which is just under 70 doublings, or just over a century of Moore’s Law. If someone like Iain Banks or Ken MacLeod wants to write a novel where they say that the Impact on Society Essay, optimal planned economy will become technically tractable sometime around the cast of i, early 22nd century, then I will read it eagerly. Impact On Society Essay. As a serious piece of prognostication, however, this is the kind of refugee hustle thinking which leads to”where’s my jet-pack?” ranting on the part of geeks of a certain age.

In linear programming, all the constraints facing the Impact on Society Essay, planner, including those representing the available technologies of production, are linear. Economically, this means constant returns to scale: the factory need put no more, and no less, resources into its 10,000th pair of diapers as into its 20,000th, or its first. Mathematically, the linear constraints on production are a special case of convex constraints. If a constraint is convex, then if we have two plans which satisfy it, so would any intermediate plan in between those extremes. (If plan A calls for Marxism Feminism Essay 10,000 diapers and Impact on Society Essay, 2,000 towels, and plan B calls for 2,000 diapers and 10,000 towels, we could do half of plan A and half of plan B, make 6,000 diapers and 6,000 towels, and not run up against the constraints.) Not all convex constraints are linear; in convex programming, we relax linear programming to just require convex constraints. Economically, this corresponds to allowing decreasing returns to scale, where the 10,000 pair of diapers is indeed more expensive than the 9,999th, or the Marxism and Liberal, first. Computationally, it turns out that the same “interior-point” algorithms which bring large linear-programming problems within reach also work on general convex programming problems. Convex programming is more computationally complex than linear programming, but not radically so.

Unfortunately for the planners, increasing returns to scale in production mean non-convex constraints; and increasing returns are very common, if only from fixed costs. If the plan calls for regular flights from Moscow to Novosibirsk, each flight has a fixed minimum cost, no matter how much or how little the plane carries. (Fuel; the labor of Impact of Social Media on Society Essay pilots, mechanics, and air-traffic controllers; wear and tear on the plane; wear and tear on runways; the lost opportunity of using the plane for opera something else.) Similarly for optimization software (you can’t make any copies of the program without first expending the programmers’ labor, and Impact on Society Essay, the computer time they need to cast can do by myself, write and debug the code). Or academic papers, or for that matter running an assembly line or a steel mill. In all of these cases, you just can’t smoothly interpolate between plans which have these outputs and ones which don’t. You must pay at least the fixed cost to get any output at all, which is Impact of Social on Society non-convexity. And there are other sources of increasing returns, beyond fixed costs. This is bad news for cast of i can do bad all the planners, because there are no general-purpose algorithms for optimizing under non-convex constraints. Non-convex programming isn’t roughly as tractable as linear programming, it’s generally quite intractable.

Again, the kinds of Impact of Social Media on Society non-convexity which economic planners would confront might, conceivably, universally turn out to of i can do bad all, be especially benign, soeverything becomes tractable again, but why should we think that? If it’s any consolation, allowing non-convexity messes up the markets-are-always-optimal theorems of neo-classical/bourgeois economics, too. (This illustrates Stiglitz’s contention that if the neo-classicals were right about how capitalism works, Kantorovich-style socialism would have been perfectly viable.) Markets with non-convex production are apt to of Social Essay, see things like monopolies, or at least monopolistic competition, path dependence, and, actual profits and biochemical tests for identification of bacteria, power. (My university owes its existence to Mr. Carnegie’s luck, skill, and ruthlessness in exploiting the non-convexities of making steel.) Somehow, I do not think that this will be much consolation). The Given Assortment, and Essay, Planner’s Preferences. So far I have been assuming, for the sake of argument, that the planners can take their objective function as given. There does need to be some such function, because otherwise it becomes hard to impossible to chose between competing plans which are all technically feasible. It’s easy to say “more stuff is better than less stuff”, but at for identification table, some point more towels means fewer diapers, and then the planners have to decide how to trade off among different goods. If we take desired output as fixed and try to Media, minimize inputs, the same difficulty arises (is it better to use so less cotton fiber if it requires this much more plastic?), so I will just stick with the maximization version. For the capitalist or even market-socialist firm, there is in principle a simple objective function: profit, measured in dollars, or whatever else the Marxism and Radical and Liberal Feminism, local unit of account is. (I say “in principle” because a firm isn’t a unified actor with coherent goals like “maximize profits”; to Impact of Social on Society, the extent it acts like one, that’s an achievement of organizational social engineering.) The firm can say how many extra diapers it would have to sell to "Crocodile Dundee" Adventures of Priscilla, Queen, be worth selling one less towel, because it can look at how much money it would make. To the extent that it can take its sales prices as fixed, and on Society, can sell as much as it can make, it’s even reasonable for it to treat its objective function as linear. But what about the planners?

Even if they wanted to just look at the profit (value added) of the whole economy, they get to set the prices of consumption goods, which in turn set the tests table, (shadow) prices of inputs to production. Of Social Media. (The rule “maximize the Literature:, objective function” does not help pick an objective function.) In any case, profits are money, i.e., claims, through exchange, on goods and services produced by others. It makes no sense for the goal of the economy, as a whole, to be to maximize its claims on itself. As I mentioned, Kantorovich had a way of of Social Media evading this, which was clever if not ultimately satisfactory. He imagined the goal of the planners to be to maximize the production of of bacteria table a “given assortment” of goods. This means that the desired ratio of goods to be produced is fixed (three diapers for Impact of Social Essay every towel), and Traditional, the planners just need to of Social Media Essay, maximize production at this ratio. This only pushes back the problem by one step, to deciding on the “given assortment”. We are pushed back, inevitably, to the planners having to make choices which express preferences or (in a different sense of the word) values. Or, said another way, there are values or preferences what Nove called “planners’ preferences” implicit in any choice of objective function. This raises both a cognitive or computational problem, and at least two different political problems.

The cognitive or computational problem is that of simply coming up with relative preferences or weights over and Radical and Liberal Feminism examples all the of Social Media, goods in the economy, indexed by space and time. (Remember we need such indexing to threepenny opera summary, handle transport and sequencing.) Any one human planner would simply have to make up most of these, or generate them according to some arbitrary rule. To do otherwise is simply beyond the bounds of humanity. A group of planners might do better, but it would still be an immense amount of Impact of Social Media Essay work, with knotty problems of how to divide the labor of assigning values, and cast of i by myself, a large measure of arbitrariness. Which brings us to Impact Media on Society Essay, the first of the two political problems. Comparing The Australian Films, Desert". The objective function in the plan is an expression of values or preferences, and people have different preferences . How are these to Media on Society Essay, be reconciled? There are many institutions which try to reconcile or adjust divergent values. This is for identification table a problem of social choice, and subject to all the usual pathologies and paradoxes of Impact social choice. There is no universally satisfactory mechanism for making such choices.

One could imagine democratic debate and voting over plans, but the cast of i can do bad all, sheer complexity of plans, once again, makes it very hard for members of the demos to make up their minds about competing plans, or how plans might be changed. Every citizen is put in the position of the Impact on Society, solitary planner, except that they must listen to each other. Citizens (or their representatives) might debate about, and vote over, highly aggregated summaries of various plans. Traditional Three Cinderellas Example. But then the planning apparatus has to dis-aggregate, has to fill in the details left unfixed by Media Essay, the democratic process. (What gets voted on is a compressed encoding of the Marxism and Radical Feminism examples, actual plan, for which the apparatus is the decoder.) I am not worried so much that citizens are not therefore debating about exactly what the plan is. Under uncertainty, especially uncertainty from complexity, no decision-maker understands the Impact of Social on Society, full consequences of and Radical Feminism examples their actions. Impact Of Social Media On Society Essay. What disturbs me about of i can do by myself, this is that filling in those details in the plan is just as much driven by values and of Social Media on Society Essay, preferences as making choices about the aggregated aspects.

We have not actually given the planning apparatus a tractable technical problem(cf.). Dictatorship might seem to resolve the and Liberal Feminism examples, difficulty, but doesn’t. Impact Media. The dictator is, after all, just a single human being. He (and I use the pronoun deliberately) has no more ability to come up with real preferences over everything in the economy than any other person. (Thus, Ashby’s “law of requisite variety” strikes again.) He can, and must, delegate details to the planning apparatus, but that doesn’t help the planners figure out what to do. I would even contend that he is in a worse situation than the demos when it comes to threepenny opera summary, designing the planning apparatus, or figuring out what he wants to decide directly, and what he wants to delegate, but that’s a separate argument. The collective dictatorship of the party, assuming anyone wanted to Impact Media on Society, revive that nonsense, would only seem to give the worst of both worlds. I do not have a knock-down proof that there is no good way of evading the problem of threepenny opera summary planners’ preferences. Maybe there is Impact of Social on Society some way to improve democratic procedures or bureaucratic organization to turn the trick. But any such escape is, now, entirely conjectural.

In its absence, if decisions must be made, they will get made, but through the sort of internal negotiation, arbitrariness and favoritism which Spufford depicts in the Soviet planning apparatus. This brings us to the second political problem. Even if everyone agrees on the plan, and the plan is actually perfectly implemented, there is every reason to think that people will not be happy with the outcome. They’re making guesses about cast can do bad all, what they actually want and need, and they are making guesses about the Impact of Social on Society Essay, implications of fulfilling those desires. We don’t have to go into “Monkey’s Paw” territory to refugee hustle, realize that getting what you think you want can prove thoroughly unacceptable; it’s a fact of life, which doesn’t disappear in Impact of Social economics. Traditional Three Essay. And not everyone is going to Impact of Social, agree on the plan, which will not be perfectly implemented. (Nothing is ever perfectly implemented.) These are all signs of Traditional Literature: how even the “optimal” plan can be improved, and ignoring them is idiotic. We need then some systematic way for the citizens to provide feedback on Impact of Social on Society Essay, the plan, as it is realized. Traditional Literature: Cinderellas. There are many, many things to be said against the market system, but it is a mechanism for providing feedback from users to producers, and for propagating that feedback through the Impact of Social, whole economy, without anyone having to explicitly track that information. This is a point which both Hayek, and Lange (before the war) got very much right. The feedback needn’t be just or even mainly through prices; quantities (especially inventories) can sometimes work just as well.

But what sells and what doesn’t is the essential feedback. It’s worth mentioning that this is a point which Trotsky got right.(I should perhaps write that “ even Trotsky sometimes got right”.)To repeat a quotation: The innumerable living participants in the economy, state and private, collective and can do bad all by myself, individual, must serve notice of their needs and of their relative strength not only through the statistical determinations of plan commissions but by the direct pressure of of Social supply and demand. The plan is checked and, to a considerable degree, realized through the market. It is summary conceivable that there is some alternative feedback mechanism which is as rich, adaptive, and easy to use as the market but is not the market, not even in a disguised form. Nobody has proposed such a thing.

Errors of the Bourgeois Economists. Both neo-classical and Austrian economists make a fetish (in several senses) of Impact on Society markets and market prices. That this is crazy is Marxism and Radical and Liberal Feminism Essay examples reflected in the fact that even under capitalism, immense areas of the economy are not coordinated through the market. There is a great passage from Herbert Simon in Impact on Society 1991 which is relevant here: Suppose that [“a mythical visitor from cast of i can do bad all by myself Mars”] approaches the Earth from space, equipped with a telescope that revels social structures. The firms reveal themselves, say, as solid green areas with faint interior contours marking out divisions and departments. Market transactions show as red lines connecting firms, forming a network in the spaces between them.

Within firms (and perhaps even between them) the approaching visitor also sees pale blue lines, the Media on Society Essay, lines of authority connecting bosses with various levels of workers. As our visitors looked more carefully at the scene beneath, it might see one of the opera, green masses divide, as a firm divested itself of one of its divisions. On Society. Or it might see one green object gobble up another. At this distance, the departing golden parachutes would probably not be visible. No matter whether our visitor approached the United States or the Soviet Union, urban China or the European Community, the greater part of the space below it would be within green areas, for almost all of the inhabitants would be employees, hence inside the firm boundaries.

Organizations would be the dominant feature of the bad all, landscape. A message sent back home, describing the scene, would speak of “large green areas interconnected by red lines.” It would not likely speak of “a network of on Society red lines connecting green spots.” 6. This is not just because the market revolution has not been pushed far enough. (“One effort more, shareholders, if you would be libertarians!”) The conditions under which equilibrium prices really are all a decision-maker needsto know, and really are sufficient for coordination, are so extreme as to Marxism and Radical examples, be absurd.(Stiglitz is good on some of the failure modes.) Even if they hold, the market only lets people “serve notice of their needs and of their relative strength” up to a limit set by of Social Media on Society, how much money they have. This is why careful economists talk about balancing supply and “effective” demand, demand backed by Traditional Cinderellas Essay example, money. This is just as much an implicit choice of Media on Society values as handing the planners an objective function and letting them fire up their optimization algorithm. Those values are not pretty. They are that the whims of the rich matter more than the needs of the poor; that it is more important to keep bond traders in Comparing the Australian Films, Dundee" of Priscilla, Queen Desert" strippers and cocaine than feed hungry children. At the of Social Media Essay, extreme, the market literally starves people to death, because feeding them is a less”efficient” use of food than helping rich people eat more. I don’t think this sort of pathology is intrinsic to market exchange; it comes from market exchange plus gross inequality. If we want markets to Comparing "Crocodile Queen Desert", signal supply and demand (not just tautological “effective demand”), then we want to ensure not just that everyone has access to the market, but also that they have (roughly) comparable amounts of money to spend.

There is, in other words, a strong case to be made for egalitarian distributions of resources being a complement to on Society, market allocation. Politically, however, good luck getting those to go together. We are left in an uncomfortable position. Turning everything over to opera, the market is not really an option. Beyond the repulsiveness of the values it embodies, markets in Impact of Social Essay areas like healthcare or information goods are always inefficient (over and cast bad all, above the usual impossibility of informationally-efficient prices). Moreover, working through the market imposes its own costs (time and effort in searching out information about prices and Impact on Society Essay, qualities, negotiating deals, etc.), and these costs can be very large. This is one reason (among others) why Simon’s Martian sees such large green regions in the capitalist countries why actually-existing capitalism is at least as much an organizational as a market economy. Planning is Comparing and Contrasting the Australian Films, Adventures of Priscilla, Queen of the Desert" certainly possible within limited domains at least if we can get good data to the planners and those limits will expand as computing power grows. But planning is only possible within those domains because making money gives firms (or firm-like entities) an objective function which is Impact Media both unambiguous and Comparing and Contrasting "Crocodile Dundee" and "The Adventures Queen of the, blinkered . Impact Media On Society Essay. Planning for the whole economy would, under the Comparing "Crocodile and "The Adventures of the, most favorable possible assumptions, be intractable for the foreseeable future, and deciding on a plan runs into difficulties we have no idea how to solve. The sort of efficient planned economy dreamed of by the characters in Red Plenty is something we have no clue of of Social on Society how to bring about, even if we were willing to accept dictatorship to do so. That planning is not a viable alternative to capitalism (as opposed to a tool within it) should disturb even capitalism’s most ardent partisans.

It means that their system faces no competition , nor even any plausible threat of competition. Those partisans themselves should be able to say what will happen then: the refugee hustle, masters of the system, will be tempted, and more than tempted, to claim more and Media on Society Essay, more of cast of i can do bad all by myself what it produces as monopoly rents. This does not end happily. Calling the Tune for the Dance of Commodities. There is a passage in Impact Media on Society Essay Red Plenty which is central to describing both the nightmare from refugee hustle which we are trying to awake, and vision we are trying to awake into. Henry has quoted it already, but it bears repeating. Marx had drawn a nightmare picture of what happened to Impact Media on Society Essay, human life under capitalism, when everything was produced only in order to be exchanged; when true qualities and biochemical for identification table, uses dropped away, and the human power of making and doing itself became only an object to be traded.

Then the makers and the things made turned alike into commodities, and the motion of society turned into a kind of zombie dance, a grim cavorting whirl in Impact of Social which objects and Comparing Films, "Crocodile Dundee" Adventures of the Desert", people blurred together till the objects were half alive and of Social, the people were half dead. Stock-market prices acted back upon the world as if they were independent powers, requiring factories to be opened or closed, real human beings to work or rest, hurry or dawdle; and Comparing the Australian Films, "Crocodile Dundee" Desert", they, having given the transfusion that made the stock prices come alive, felt their flesh go cold and impersonal on of Social Media on Society Essay, them, mere mechanisms for chunking out the man-hours. Refugee Hustle. Living money and Media Essay, dying humans, metal as tender as skin and skin as hard as metal, taking hands, and dancing round, and round, and round, with no way ever of stopping; the quickened and the deadened, whirling on. … And what would be the tests for identification of bacteria table, alternative? The consciously arranged alternative? A dance of another nature, Emil presumed. A dance to the music of Media on Society use, where every step fulfilled some real need, did some tangible good, and Three Essay, no matter how fast the dancers spun, they moved easily, because they moved to a human measure, intelligible to all, chosen by all. There is a fundamental level at which Marx’s nightmare vision is Impact of Social Media Essay right : capitalism, the market system, whatever you want to call it, is Marxism Feminism a product of humanity, but each and every one of us confronts it as an autonomous and deeply alien force. Its ends, to the limited and debatable extent that it can even be understood as having them, are simply inhuman. Impact Media. The ideology of the Marxism and Radical Essay, market tell us that we face not something inhuman but superhuman, tells us to embrace our inner zombie cyborg and loose ourselves in the dance. One doesn’t know whether to laugh or cry or running screaming.

But, and Impact of Social Media on Society Essay, this is I think something Marx did not sufficiently appreciate, human beings confront all the structures which emerge from tests table our massed interactions in Impact Media on Society Essay this way. A bureaucracy, or even a thoroughly democratic polity of which one is a citizen, can feel, can be , just as much of a cold monster as the market. We have no choice but to live among these alien powers which we create, and to try to direct them to can do, human ends. It is Impact beyond us, it is even beyond all of us, to find “a human measure, intelligible to all, chosen by all”, which says how everyone should go. What we can do is of i can do bad all try to find the specific ways in Impact Essay which these powers we have conjured up are hurting us, and and Contrasting the Australian Films, "Crocodile Dundee" and "The Adventures, use them to check each other, or deflect them into better paths. Sometimes this will mean more use of market mechanisms, sometimes it will mean removing some goods and services from market allocation, either through public provision 7 or through other institutional arrangements 8 . Sometimes it will mean expanding the scope of democratic decision-making (for instance, into the insides of firms), and sometimes it will mean narrowing its scope (for instance, not allowing the demos to censor speech it finds objectionable).

Sometimes it will mean leaving some tasks to experts, deferring to the internal norms of their professions, and sometimes it will mean recognizing claims of expertise to Media on Society, be mere assertions of authority, to be resisted or countered. These are all going to be complex problems, full of messy compromises. Attaining even second best solutions is going to summary, demand “bold, persistent experimentation”, coupled with a frank recognition that many experiments will just fail, and that even long-settled compromises can, with the passage of time, become confining obstacles. Of Social. We will not be able to turn everything over to the wise academicians, or even to their computers, but we may, if we are lucky and refugee hustle, smart, be able, bit by of Social Media Essay, bit, make a world fit for refugee hustle human beings to live in. [1] Vaguely lefty? Check. Science fiction reader?Check. Interested in economics? Check. Of Social Media. In fact: family tradition of socialism extending to having a relative whose middle name was “Karl Marx”?

Check. Gushing Ken MacLeod fan? Check. Learned linear programming at my father’s knee as a boy? Check. Threepenny Opera. ^ [2] More exactly, many optimization problems have the property that we can check a proposed solution in polynomial time (these are the class “NP”), but no one has a polynomial-timeway to Impact Media Essay, work out Literature: Three a solution from the problem statement (which would put them in Impact of Social Media the class “P”). If a problem is in and Contrasting Dundee" Adventures of the Desert" NP but not in P, we cannot do drastically better than just systematically go through candidate solutions and check them all. (We can often do a bit better, especially on particular cases, but not drastically better.) Whether there are any such problems, that is whether NP=P, is not known, but it sure seems like it.

So while most common optimization problems are in NP, linear and even convex programming are in of Social Media on Society P.^ [3]: Most of the relevant work has been done under a slightly different cover—- not determining shadow prices in an optimal plan, but equilibrium prices in Arrow-Debreu model economies. But this is fully applicable to determining shadow prices in the planning system.(Bowles and Gintis: “The basic problem with the Walrasian model in this respect is that it is essentially about allocations and only tangentially about markets as one of us (Bowles) learned when he noticed that the graduate microeconomics course that he taught at Harvard was easily repackaged as ‘The Theory of Economic Planning’ at the University of of i can do by myself Havana in 1969.”) Useful references here are Deng, Papadimitriou and Safra’s “On the Complexity of Price Equilibria” [ STOC ’02. preprint],Condenotti and Impact on Society Essay, Varadarajan’s “Efficient Computation of Equilibrium Prices for Markets with Leontief Utilities”, and Ye’s “A path to the Arrow-Debreu competitive market equilibrium”. ^ [4]: In the mathematical appendix to Best Use , Kantorovich goes to some length to argue that his objectively determined values are compatible with the labor theory of refugee hustle value, by showing that the o.d. values are proportional to Media on Society Essay, the required labor in the optimal plan. (He begins by assuming away the Traditional Literature: Three Cinderellas, famous problem of equating different kinds of labor.) A natural question is Impact of Social Media how seriously this was meant. Threepenny Opera Summary. I have no positive evidence that it wasn’t sincere. But, carefully examined, all that he proves is proportionality between o.d. Impact. values and the required consumption of the first component of the vector of inputs and the ordering of Comparing and Contrasting the Australian Dundee" of Priscilla, inputs is arbitrary. Of Social On Society Essay. Thus the first component could be any input to the production process, and the same argument would go through, leading to many parallel “theories of value”. (There is a certain pre-Socratic charm to imagining proponents of the refugee hustle, labor theory of value arguing it out Impact of Social Media with the water-theorists or electricity-theorists.) It is hard for me to believe that a mathematician of Kantorovich’s skill did not see this, suggesting that the discussion was mere ideological cover. And Radical Feminism Essay. It would be interesting to know at Essay, what stage in the book’s “adventures” this part of the appendix was written.^ [5]: In particular, there’s no reason to think that building a quantum computer would help.

This is because, as some people have to keep pointing out, quantum computers don’t provide a general exponential speed-up over classical ones. ^ [6]: I strongly recommend reading the Marxism and Radical Essay, whole of this paper, if these matters are at all interesting. One of the most curious features of this little parable was that Simon was red-green color-blind.^ [7]: Let me be clear about the limits of this. Already, in developed capitalism, such public or near-public goods as the protection of the police and Media on Society, access to and Contrasting the Australian Adventures Queen of the Desert", elementary schooling are provided universally and at no charge to the user. (Or they are supposed to be, anyway.) Access to these is not regulated by the market. But the inputs needed to provide them are all bought on the market, the on Society Essay, labor of teachers and cops very much included. I cannot improve on this point on the discussion in Lindblom’s The Market System , so I will just direct you to that(i, ii).^ [8]: To give a concrete example, neither scientific research nor free software are produced for bad all by myself sale on of Social Essay, the market. (This disappoints some aficionados of both.) Again, the inputs are obtained from markets, including labor markets, but the outputs are not sold on them. How far this is a generally-viable strategy for producing informational goods is a very interesting question, which it is quite beyond me to answer.^

Henry 05.30.12 at 3:11 pm. There may also be some remaining editing errors, due to WordPress not playing with linebreaks in quite the same way as HTML does. If you spot em, let me know by email [email protected] Luis Enrique 05.30.12 at 3:22 pm. CarlD 05.30.12 at 3:24 pm. This is what’s missing from that yay democracy piece you just posted with Henry. In a just and merciful world, every Serious Person from Washington D.C. to Beijing would now be trying to get you on the phone. Refugee Hustle. Not with questions like Do we really need 150 linear feet of different brands/flavors of toothpaste or soda in Media on Society our supermarkets, or Should I try to can do bad all, keep Jamie Dimon or Bo Xilai out of jail? but more like Is the logic of capitalism REALLY the logic of the Impact Essay, cancer cell? A stunningly graceful summary, Cosma, of the problems, both political and economic, of what used to be called Political Economy. As I’ve long thought, the angry people asking themselves Lenin’s infamous question these days don’t really have any idea how many answers there are.

One hopes that this is a momentary lapse…. Sebastian 05.30.12 at 3:36 pm. “That planning is not a viable alternative to Comparing and Contrasting the Australian Films, "Crocodile Dundee" of Priscilla,, capitalism (as opposed to Essay, a tool within it) should disturb even capitalism’s most ardent partisans. Refugee Hustle. It means that their system faces no competition, nor even any plausible threat of competition. Those partisans themselves should be able to Impact on Society, say what will happen then: the masters of the system, will be tempted, and more than tempted, to opera summary, claim more and more of what it produces as monopoly rents. Of Social On Society. This does not end happily.” Yes, a thousand times yes.

As someone who is not lefty, and doesn’t even understand its charms this is exactly what worries me. In my mind, the best thing that came out of communism’s past (not worth its actual brutality, not worth the spectacular evils it came up with, but at and Contrasting the Australian "Crocodile and "The Adventures of the Desert", least a silver lining to a very dark cloud) was that it challenged systemic capitalism in a way that helped avoid the “this does not end happily”. I see a US which I desperately wish would come to terms with its political idiocies, but which appears that it will not be forced to do so before the Impact of Social Media on Society, time of internal collapse, because the EU is collapsing so spectacularly first. I see a US where public spending on health care already is enough that it should be getting us UK-level universal coverage, and private market spending is already *more* than enough to get us German level universal coverage, but *both together* aren’t even getting us universal coverage–a fact which should put pause to both sides of the planning/market debate in US health care, but which is steadfastly used only to tar whichever side you don’t happen to be on. I see companies like Apple, honed by Films, "Crocodile and "The Adventures of Priscilla, Queen, years of Impact of Social Media on Society competition with other companies, but ascendant enough in the current iteration that I suspect innovation is cast of i bad all likely to ground to a halt. I see the danger.

And it worries me. ajay 05.30.12 at Impact Media on Society, 3:38 pm. If someone like Iain Banks or Ken MacLeod wants to Comparing Films, "Crocodile and "The Adventures Queen, write a novel where they say that the optimal planned economy will become technically tractable sometime around the early 22nd century, then I will read it eagerly. They have done so! Specifically, Ken MacLeod, in “The Cassini Division” – though he rather pessimistically puts the date around the 24th century (IIRC) and doesn’t go into on Society, much detail about how it’s done. Opera Summary. “Giant computers crunching through Leontief material-balance matrices” is about all you get. Also, and more seriously, aren’t you missing something by Impact of Social Essay, basing all your feasibility calculations on “A good modern commercial linear programming package can handle a problem with 12 or 13 million variables in a few minutes on a desktop machine”? Because a good desktop machine will run at about 100 gigaflops (10^11 per second) or so, and there are Cray supercomputers right now that will run in the 50 petaflop (5 x 10^16) range – so while it might well take your desktop computer a thousand years to crunch through the latest Five Year Plan, a Cray XK6 , fifty thousand times faster, will get it done by and Liberal, this time next week.

Apologies if I’ve missed something here. What a magnificent essay. I wish I had something more substantive to add, but it turns out it’s much easier to tear down arguments you don’t like than to build on of Social Media on Society, ones that you do. Of I Can Do. That’s why we can’t have nice things, on the Internet. (In that spirit, one quibble. It’s not right to Impact of Social Essay, say that “effective demand” means demand backed by money That’s just demand, full stop.

Keynes use of the term”effective” was more in can do the sense of Impact of Social Media “in effect” than “having effect.” He introduced the term “effective demand” to call attention to Marxism and Radical examples, the possibility of of Social on Society multiple equilibria based on different sets of consistent expectations of businesses. The exposition is not easy to follow, but I think it’s pretty clear that’s what he has in mind. the effective demand is simply the aggregate income (or proceeds) which the refugee hustle, entrepreneurs expect to Impact of Social Media on Society, receive, inclusive of the biochemical for identification of bacteria, incomes which they will hand on to other factors of production, from the amount of current employment which they decide to give. The aggregate demand function relates various hypothetical quantities of employment to the proceeds which their outputs are expected to yield; and the effective demand is the point on Impact of Social on Society Essay, the aggregate demand function which becomes effective because, taken in summary conjunction with the conditions of supply, it corresponds to the level of employment which maximises the entrepreneur’s expectation of profit. You can see here that demand that is in effective is not expenditure that doesn’t take place because of the Impact of Social Media, low incomes of Traditional Literature: Three Cinderellas example those who would otherwise make it, but expenditure that does not take place because entrepreneurs’ expectations lead them to Impact of Social Media on Society, choose a lower level of output.) How do you explain the historical success of Marxism Essay examples New Kingdom Egypt, with its centrally planned and rationed economy? That unemployment is at whatever the value it is demonstrates that modern technology has rendered humans unimportant to the process of production. No serf ever went a day without work.

A politics devoted to recreating freedom in the face of of Social on Society alienation may very well have set itself an unobtainable goal, but only such politics can address the problems we face today. ajay 05.30.12 at 3:51 pm. 9: “there were no beggars in New Kingdom Egypt” is an tests for identification of bacteria, interesting hypothesis but I think you’ll need to back it up somehow. Sebastian 05.30.12 at 3:52 pm. “How do you explain the historical success of Impact of Social on Society Essay New Kingdom Egypt, with its centrally planned and Comparing Dundee" and "The Adventures Desert", rationed economy? “ More importantly the fact that you could have them do completely unproductive things just to keep them busy, and if suddenly you had important demand you could literally work them to death. Henry 05.30.12 at 3:53 pm. bq. How do you explain the Impact of Social Essay, historical success of New Kingdom Egypt, with its centrally planned and rationed economy? I think that this may be up there with “I am aware of all Internet traditions.” ajay 05.30.12 at 4:11 pm.

Henry: I am rather fond of “That unemployment is at whatever the value it is demonstrates that modern technology has rendered humans unimportant to the process of production”. The facts, whatever they may be, support my opinion! I think Cosma mentions briefly the Films, "Crocodile and "The of Priscilla, Queen, *real* problem of of Social Media on Society Essay central planning when he writes. “there is every reason to think that people will not be happy with the outcome”. The main problem imho is that people usually do not know what they want, until somebody actually shows them. We did not know that we want iPads until Steve J. showed us one. As somebody wrote recently on C.T.: The real problem of socialism is biochemical for identification of bacteria table innovation. The market solves this problem by Media Essay, people and companies tinker with existing products and try out new ones all them time. The majority of those fails and only a few become accepted.

This trial-and-error method is actually quite expensive and the only reason people like Steve J. or Mark Z. etc. Comparing The Australian "Crocodile Dundee" Adventures Of Priscilla, Of The Desert". keep working on Media Essay, new stuff is of course the profit which can be expected once the right kind of product is found. Luis 05.30.12 at 4:21 pm. This trial-and-error method is actually quite expensive and the only reason people like Steve J. or Mark Z. etc. keep working on new stuff is of course the profit which can be expected once the tests, right kind of product is found. I hate to derail the conversation about Cosma’s excellent article, and I even strongly agree with your main point (that the finite, specified list of “12 million identifiably different products” does not contain an iPad or a Facebook) but the record quite clearly shows that Jobs kept working on new stuff because he felt it was important. Profit was quite clearly a secondary or tertiary motivation (depending on how much credit you give his statements about helping the Impact of Social on Society, world by building a “bicycle for the mind.”) From what little birdies tell me Zuckerberg is the same way. The reductionist “people only innovate because of the profit motive” argument is a zombie that really should die. gwern 05.30.12 at 4:26 pm. I believe Stross’s _Accelerando_ includes a planned economy as the end-stage of the refugee hustle, post-singularity civilization occupying the Sun (which makes sense given the computational power required…) The reductionist “people only innovate because of the of Social, profit motive” argument is a zombie that really should die. Which raises the question, why socialism can’t do it just as well. More broadly, if innovation rather than optimization is the secret of Comparing the Australian capitalism’s success (and they are not just different, but significantly in conflict), then it’s not clear how relevant the discussion here, fascinating tho it is, is to the actual historical and prospective performance of different economic systems.

NickT 05.30.12 at 4:30 pm. “How do you explain the historical success of New Kingdom Egypt, with its centrally planned and Impact Essay, rationed economy?” Specify data sets that support this claim, please. Also, define term “success” in relation to Marxism and Liberal Essay examples, socio-economic groups. carl caldwell 05.30.12 at 4:34 pm. “either the planners have to decide on relative values, or they have to decide on the ratios in the “given assortment”” Thanks for the wonderful essay. Note what happens at Essay, the very start. In order to overcome the tests for identification, logic of the Impact, commodity, the threepenny summary, law of exchange value (Wert), through complex planning, the planners have to assign individual things an exchange value. Impact Media On Society. That necessarily implies enough knowledge to threepenny opera, assign value in the first place–knowledge of specific products’ natures, of Impact Media their “quality” (which somehow has to Marxism and Radical and Liberal Feminism Essay, be quantified), of the level of demand, and so on. Media Essay. Not only biochemical for identification of bacteria table is the total amount of information required–even with significant abstraction–daunting; all the qualities are also in flux in a dynamic economy.

The problem is not so much daunting as impossible–especially if one takes into account the way the plan itself is going to affect all the economic inputs. This is, of course, the Impact of Social Media on Society, starting point of the critique of planning. (And here, Henry, I find Hayek at his most useful and interesting–not in his discussion of the road to serfdom, but in his discussion of calculation, value, and the limits of knowledge.) Perhaps more interesting is opera how this approach to planning finds itself, as already noted, forced to reinvent exchange value, whether arbitrarily (trying to Impact Media on Society, keep prices fixed over long periods of of bacteria time and Impact of Social Media Essay, treating them merely as counters) or through direct measurement (as though the labor exists in a commodity before the opera summary, commodity itself is Impact of Social Media sold). In this connection, I’m not so sure that Kantorovich’s reference to the measurability of Comparing and Contrasting Films, "Crocodile Adventures Desert" labor can simply be set aside as a concession to ideology–a real problem of how to measure value is necessarily part of the entire problem. Comprehensive planning finds itself, then, seeking to recapitulate the totality of exchanges in capitalism, and then to trump that totality by putting a shell of planning over it. Perhaps no surprise, then, that in the world of really existing socialism, the plans themselves often appeared long after the plan periods had begun. marcel 05.30.12 at 4:36 pm. Henry: I’d be quite content to see my initial comment deleted now that the problem is fixed (esp. Of Social Media Essay. since I mispelled Cosma’s name). Refugee Hustle. pretty please, with a cherry on top? and whipped cream and nuts … ? There may be some internet tradition about not doing that kind of Impact of Social Essay thing, but I won’t tell anyone on you.

Lots of interesting points and questions. Cosma, what kind of result does the and Contrasting Dundee" Adventures of Priscilla,, market compute? (Setting aside the question of the objective function, I’ll address that below.) Accepting the standard results about optimization, it can’t be some close approximation to an optimal allocation. But an implicit premise of a lot of what you say is that it is a pretty good approximation to a (pretty bad) objective function defined by of Social on Society Essay, effective demand. Making the of bacteria, computation distributed and stochastic (as in real markets) shouldn’t free us from the constraints of the Impact Media, results you cite. So (to ask my question a different way) how can the market do as well as it does? As an obvious follow on: Given that the market computes that way, can we do as well or better using different means? Regarding the objective function: We can (hypothetically) give everyone an equal income and let them spend it as they wish. That generates a totally egalitarian way of determining consumer prices.

This also implies that people can’t own income producing property, but after all we are talking about a communist system. My question for biochemical of bacteria you here is: Given this sort of flat income distribution, what problems remain with determining the Impact on Society Essay, objective function? I have lots of other comments and questions but I’ll wait for the context of the Australian "Crocodile and "The of Priscilla, your reply. Luis 05.30.12 at 4:43 pm. JW Mason: some form of Impact of Social on Society Essay market socialism might “do [innovation] just as well” (though I would agree that the profit motive is an important motivator for many, even if not exclusive) but it’s hard to see how a centrally-planned economy, as discussed in Red Plenty and Cosma’s post, can do product innovation at all well.

This is Marxism and Liberal both because of the calculation problem (how do you calculate the Impact of Social Essay, resource allocation for things that don’t exist yet?) and because of the “objectives” problem (how do you determine a maximization function for things that don’t exist yet?) Or to put it another way: certainly, part of the Jobs story (regardless of his motives) is the refugee hustle, creation of goods that most people didn’t know they wanted or needed until they had them. This represented a great gamble of resources. For every Jobs-like success story, there are a hundred failures. What’s a plausible story for how a Kantorovich-style economy selects those 100 ideas to try and fail at? How does it allocate resources to that 101st good idea? (How, for that matter, does a Kantorovich-economy allocate resources to a Kantorovich?) Maybe there is a plausible story for Impact on Society Essay this, I’m open to tests table, the idea- I just don’t see it myself. Russell L. Carter 05.30.12 at 4:45 pm. Ok, this post is Impact of Social Media Essay now in and Contrasting Dundee" Adventures competition with Holbo’s Frummery for the best blog post I’ve ever read.

Just on Impact of Social Media on Society Essay, a meta level the structure of the argument is superb. I am not unfamiliar with the techniques for solving the big problems and my initial objections from the early paragraphs were methodically disposed of one by one as the piece unfolds. Opera. Very very satisfying. Even if the practical implications aren’t. The finale is by far the most efficient demolition of the Impact Media, market purists I’ve ever read. I wonder why Cosma’s arguments against totalitarian planning and against market purism and for people (all people, not just batches of sorted out sets of people) can’t be the foundation for the left today. Refugee Hustle. If you look at Democratic Party rhetoric, all I see is the market is always right, except where we need to Impact of Social Essay, fund (health care, food, education… for) the poor or unlucky, with no mention that constraining inequality as a corrective to the pure market’s inherent suicidal tendency is the right method for much of the refugee hustle, funding. Anyway, a heartfelt thanks for this, Cosma. It kind of makes my day.

p.s., the links in the piece are really really great. I spent waaayyy too much time following them. why socialism can’t do it just as well. because on top of an (already intractable) optimization problem you have an even more difficult prediction problem (what is it that people will want 1 year from now?). geo 05.30.12 at 4:55 pm. Sebastian @6: As someone who is not lefty, and doesn’t even understand its charms. I can understand not being a lefty, but I can’t understand not understanding its charms. Its charms are what underlies the first half of that old chestnut: “Anyone who’s not a radical at Impact of Social, 20, has no heart … ” Anyone with a heart is deeply disturbed that, in virtually every society, present or past, the rich grind the faces of the poor and many, many lives are blighted by unnecessary suffering.

One plausible definition of “lefty,” in fact, is “someone who’s trying to change the above,” whether by systemic reform or (very) large-scale charity. It’s not that the right simply has a different way of going about trying to relieve the and Radical and Liberal Feminism Essay examples, world’s vast unnecessary suffering, it’s that it seems to of Social on Society Essay, have no interest in Comparing Films, "Crocodile and "The of Priscilla, Queen of the doing so. Sorry, Sebastian, I know this will irritate you, and I don’t mean to suggest that you lack a heart. Of Social. But that’s only to say that I believe you have an inner lefty yearning to Literature: Three Essay example, be liberated. JanieM 05.30.12 at 4:58 pm. How about a link? (Search engines reveal nothing useful for that phrase as such.) Luis 05.30.12 at 5:04 pm. Janie: here.

It is of Social Media on Society Essay indeed excellent (a recent thread here described it as the best blog post of all time) but I think this may surpass it. JanieM 05.30.12 at 5:08 pm. blavag 05.30.12 at 5:09 pm. Great essay and once again brings up the question of whether linear programing and optimization are adequate tools for and Radical understanding economics. They are the tools we have got but that is a different issue. Mendelbrot offers an interesting take on this in The Misbehavior of Markets but the best discussion, also covering the socialist calculation debate and so overlapping the present discussion, is still Phil Mirowski’s Machine Dreams: Economics Becomes a Cyborg Science which could use an extended symposium like this one. There is Impact also the question raised by Mirowski and explicitly put forward by S. Amadae in Rationalizing Capitalist Democracy of the explicitly ideological use of cast of i by myself both optimization and linear programming. Media On Society. The irony of Marxism and Radical and Liberal examples that in a discussion of the socialist calculation debate is considerable. Henry 05.30.12 at 5:13 pm. Marcel – the comment has been diligently airbrushed out of the historical record (if you squint closely, you will see a funny gap in the row of dignitaries reviewing the missiles at the May Day parade, around about where your comment used to be, but you will have to _squint hard._. Barry Freed 05.30.12 at of Social Media on Society, 5:16 pm.

Wow! Now that’s a what I call a post. And now I’m really glad that I suggested that new posts in refugee hustle the seminar not be put up all at on Society Essay, once because it’s going to take me the of i bad all, rest of the day just to think on this one. Data Tutashkhia 05.30.12 at 5:30 pm. how do you calculate the resource allocation for things that don’t exist yet? And even when they already do exist. A transistor radio, for example. To produce vacuum tube radios, you created a whole industry, a bunch of factories producing various parts, assembly lines. Built to last.

Suddenly someone brings you a transistor prototype, and it clear that this is the way to go. Being the central planner who doesn’t have to worry about competition, I’d probably assign pretty high value to my sunk costs. Impact Of Social Media. Let it roll for a few years. I’m rather shocked that no one is addressing the real issue, namely, whether a devotee of the and Contrasting the Australian "Crocodile Dundee" Adventures of Priscilla, Queen Desert", Olympian gods should approve of transgenic organisms. Oh, and, btw, Centaurs 4eva! Luis 05.30.12 at 5:39 pm.

Data @ 31: Yes; your objective calculations probably should include a measure of Impact Essay creative destruction. But how much? (Of course, it’s easy to make that larger when you have a GBI, presumably at Comparing Films, "Crocodile Dundee" Adventures of Priscilla, of the Desert", a level set outside of the calculation – suggesting that on top of all the other shifting things the calculation would have to deal with, constantly changing political priorities would be in there too.) it’s hard to see how a centrally-planned economy, as discussed in Red Plenty and Impact of Social Essay, Cosma’s post, can do product innovation at Traditional Literature: example, all well. This is Media on Society both because of the calculation problem (how do you calculate the resource allocation for things that don’t exist yet?) and because of the “objectives” problem (how do you determine a maximization function for Marxism and Liberal Feminism Essay examples things that don’t exist yet?) Tricky problems, for sure. So how does capitalism solve them? Certainly not through market signals — which of course also don’t exist for things that don’t exist yet. Rather, through planning : A designated group of of Social Media Essay experts considers various proposals for new firms or projects, and opera, allocates a portion of the social surplus to them based on their assessment of their prospects. Now, we call these planners banks, or these days venture capitalists, but when Schumpeter, writing i 1939, wanted to explain the function of banks under capitalism, he described them as our version of Gosplan. Innovation under capitalism has nothing to do wit markets.

It is organized by our Gosplans in Impact of Social Media Essay the financial system, and they — as Jed Harris suggests above — are no better able to of i can do bad all by myself, solve the optimization problem than the original Gosplan was. Everything Cosma says about the intractability of that problem, applies with just as much force to of Social on Society, capitalism. This is not to say there’s no difference. Capitalism obviously *is* more favorable to innovation than a Soviet-typed planned economy is. Bad All. But the reason, I think, is orthogonal to of Social Media Essay, the subject of this post. Capitalism solves an entirely different, essentially sociological, set of problems. What it does, is remove the biggest obstacles to can do, innovation by Media on Society, disempowering incumbents (workers foremost of course, but also those further up the hierarchy) and and Contrasting "Crocodile Dundee" Queen Desert", breaking the links between economic activity and Impact of Social, social life. In other words, the success of capitalism, IMO, has as much to can do by myself, do with primitive accumulation as with markets. JP Stormcrow 05.30.12 at 5:46 pm. 8 et seq.: New Kingdom Egypt had squirrels historical success with its centrally planned and on Society Essay, rationed economy, but not in a way we can understand anymore. JP Stormcrow 05.30.12 at 5:50 pm.

The post itself is too thought-provoking to comment on, not to mention the need to plow through the 11 tabs of linked reading now open in my browser. Luis 05.30.12 at 6:09 pm. JW @ 34: Calling VCs planners is… generous. They’re dart-throwers, and sometimes you can even get them to admit that. But more importantly, even if you want to call them planners, they’re decentralized planners, answerable to biochemical tests for identification table, a variety of Impact of Social entities with a variety of threepenny opera summary metrics for success. (When they fail, as in Boston in the ’70s-’80s and Impact on Society Essay, arguably in Silicon Valley in the present day, it is often because while formally decentralized, in practice they have become centralized – with the same risk-averse positions (Boston) or all placing bets on the same nominally risky positions (mobile, cloud in Marxism and Radical and Liberal Essay today’s SV).) You can certainly imagine replicating the diverse dart-throwers inside a Kantorovich-economy, but they’d have to Impact of Social on Society Essay, be quite explicitly not part of the calculated plan – they’d be humans making intuitive, non-numeric judgments, with the intent of failing often in hopes of and Liberal Essay examples attaining the Impact Media, uncalculable forward leap. bob mcmanus 05.30.12 at 6:18 pm. It was an excellent article, a classic, and has led me to Traditional, too much reading to of Social on Society Essay, be able to comment at any length.

In any case, I spend too much time trying to threepenny, understand actual historical wildly successful centrally planned economies, three in particular in Japan (Tokugawa, Meiji, Post-War) to have time understanding why they were impossible. : Calling VCs planners is… generous. They’re dart-throwers, and sometimes you can even get them to admit that. Dart-throwing is a kind of planning. The point is of Social Media Essay they are decision makers consciously allocating resources with the intention of producing specific results, as opposed to automatically responding to market signals. more importantly, even if you want to call them planners, they’re decentralized planners, answerable to a variety of entities with a variety of metrics for success.

OK, but *why* is that important? Certainly it has nothing to do with more effectively solving an optimization problem. Sebastian 05.30.12 at 6:33 pm. “Profit was quite clearly a secondary or tertiary motivation (depending on how much credit you give his statements about helping the world by building a “bicycle for the mind.”)” This is a harder question than you’re giving credit to. Essay. Steve Jobs wanted the Media on Society, ability to do what he wanted to do, on and Radical and Liberal Essay, a large scale, involving lots of expensive research for things that lots of people (maybe even most techie people if we’re talking about the ipad–until it was released there was a large contingent of people who thought it was a waste of resources–see especially Microsoft) thought were stupid ideas when in the planning stages.

The way he got the of Social Media on Society, freedom to do what he wanted on such a large scale was that he made enormous amount of profit by pleasing a lot of threepenny people and selling them stuff. It is true that very few innovators want money *just for of Social Essay its own sake*. But I suspect relatively few people in general want money just for its own sake. “I can understand not being a lefty, but I can’t understand not understanding its charms….Anyone with a heart is deeply disturbed that, in virtually every society, present or past, the rich grind the faces of the poor and many, many lives are blighted by unnecessary suffering. Comparing And Contrasting The Australian Adventures Of Priscilla, Queen Of The. One plausible definition of “lefty,” in fact, is “someone who’s trying to change the Impact Media on Society Essay, above,” whether by summary, systemic reform or (very) large-scale charity. Impact Media Essay. It’s not that the right simply has a different way of refugee hustle going about trying to relieve the world’s vast unnecessary suffering, it’s that it seems to have no interest in doing so.” I don’t believe that, I’ve seen extreme heartlessness from the left and extremely charitable acts from the right, and Impact of Social on Society Essay, all sorts of things in between. Biochemical Tests. My problems with both sides is about lack of Impact on Society Essay balance. Neither side seems interested in cast bad all by myself the fact that rights/responsibilities/needs/wants are about *balance* not elevating one fetishistic concept above all others.

I don’t really see that on the left (if by Impact of Social Media on Society, left we mean something more than merely liberal). But back to the topic at hand, I’ve always felt that communism tends toward scary authoritarianism because the planners fail to understand the refugee hustle, scope of the Media, problem, and when that failure bears fruit, they must get rid of the evidence in increasingly messy ways. (Which is not to can do, say that all sorts of other systems are willing to get rid of the failures in similar ways, but the hubris of the command economy planners creates extra-spectacular failures which call into question the whole system in ways that capitalist failures do not. You’ve given up the material engine of captialism, and Impact Media on Society Essay, huge amounts of freedom, and Three Essay, you get more famines than before? That can’t be tolerated). JW Mason: You are missing the fact that if one group of VC’s starts doing badly they lose the ability to access the social surplus.

Markets also sever production from Impact Media ordinary social relation in an ongoing way: the obvious hazard of GOSPLAN is the temptation of the planner to overvalue his work. Luis 05.30.12 at of i bad all, 6:45 pm. more importantly, even if you want to call them planners, they’re decentralized planners, answerable to a variety of entities with a variety of metrics for success. OK, but why is Impact of Social Media on Society Essay that important? Certainly it has nothing to do with more effectively solving an optimization problem. Sure it is.

The Kantorovich optimization problem has one solver optimizing for one chosen optimization function. Refugee Hustle. Perhaps that optimization function is complex and multifaceted, but at the end of the day, there is no fallback when the function is wrong – i.e., when it solves for iPad and says “nope, no one will want it.”[1] The VC system (except, as I said earlier, when it breaks down because of herd mentalities) will have someone else trying to Impact on Society Essay, solve the same problem, using a slightly different optimization function, and one of them will, at least potentially, say “ah-ha! iPad sounds great!” Again, this is opera not to say that markets are the One True Answer (for all the Impact of Social, reasons Cosma points out), just to point out yet another way in which a mere optimization problem (as best as I can tell) is cast of i can do bad all not just not the One True Answer, but is very hard to imagine as even a component of the universe of answers. [1] If you have multiple optimization functions, then you’re just a market again. Sebastian 05.30.12 at 6:51 pm. “The point is they are decision makers consciously allocating resources with the intention of producing specific results, as opposed to of Social Essay, automatically responding to market signals.” I’m not sure I understand the Films, and "The Adventures Queen of the Desert", distinction you’re getting at here. You are doing something with ‘automatically’.

People in the market rarely respond ‘automatically’ to market signals. The whole point is on Society Essay that they know their own situation better than the planners, so they can weigh the signals with all sorts of useful local/specialized information. Venture capitalists like to think that they are leveraging some kind of threepenny expertise into Impact of Social on Society, success. They may or may not be essentially fooling themselves, but that is what they think. If you have multiple optimization functions, then you’re just a market again. I don’t think this is Literature: Essay example true, at all. Luis 05.30.12 at 6:55 pm. Sebastian @ 40: You’re of course correct that it was access to resources (which I deliberately did not call capital in my original comment) that allowed Jobs the freedom to experiment and on Society Essay, create the iPad. But: But I suspect relatively few people in Marxism and Radical and Liberal Feminism Essay examples general want money just for its own sake. I agree with you, but that is not the current zeitgeist around “innovation” – it’s a very, very prevalent idea that financial rewards are the only rewards that matter to innovators.

ezra abrams 05.30.12 at of Social Essay, 7:06 pm. what is wrong with a dynamic central solver – The programmers, or whoever, adjust the cast of i can do bad all, system as needed. At a fine level (miles of railroad cars of soybeans per Media on Society Essay, day ) they can adjust hourly; for Comparing and Contrasting Films, "Crocodile and "The Adventures of Priscilla, more complex things, like ipad vs x, they can adjust monthly. In any event, the ipad discussion suffers from a serious flaw: we don’t know what the other solutions are, cause in a free market economy, particularly for IT systems, there are economys of scale, so you get this butterfly effect where an initial system takes over. I bet if you went back, and looked at what ipad competitors were doing *at the time* some of em were better then jobs, but they got shut out fo the media light and $ Miracle Max 05.30.12 at Impact of Social on Society Essay, 7:09 pm.

It’s not obvious to me that a government that throws resources at a problem, including extra-normal rewards to Marxism and Radical Essay examples, the innovators, cannot buy innovations. I suspect the USSR made some great military hardware. The AK-47 has certainly been a big hit. I also suspect they did not put equivalent emphasis on innovation in consumer goods. The US Gov funds innovation, for instance in pharmaceuticals, with the rub that business firms get to reap the monetized rents from such investment. Everybody knows the Gov financed the early Internet, not to mention other tech. I like Josh’s point that innovation under capitalism within for-profit business organizations entails planning, of which as Galbraith pointed out there is on Society already a lot for other purposes. I join the of i can do bad all, praise for Media this post and reiterate my boredom with the book. For one who studied planning the book’s revelations are old news and not spiced up with enough sex and violence. It’s the kind of threepenny opera thing somebody from George Mason Univ would write, if they could write.

Don’t hate me, CTers, I dig China Mieville the most. Luis 05.30.12 at 7:18 pm. If you have multiple optimization functions, then you’re just a market again. I don’t think this is true, at all. Sorry, should have been more general: if you have multiple optimization functions, you’ve got a coordination problem again (between the Impact of Social on Society Essay, groups controlled by optimization function A and optimization function B), which you can solve by tests for identification, a market, or by another optimization function, or by Impact Media Essay, something else. But if it is an optimization function, its turtles all the way down up: at some point, someone has to attempt to value risk-taking, and guide how/where that risk-taking occurs. And that’s a particularly intractable problem for mere calculators. At least some of these optimization problems are expressible numerically: we know we need X mattresses, Y beds, etc.

And then you solve for X and Y. Comparing The Australian Films, "Crocodile Dundee" Queen Desert". As Cosma points out, X and Y may be a subject of debate, but at least they are numerical, can be given units, and can hypothetically be solved for. You can’t say “I need X units of innovation” or “Y units of (thing that doesn’t even exist yet).” So you need some non-numerical (hence non-computable) guide. Again, not that markets do this terribly well, but I don’t see any solution for a Kantorovich economy that is more than “have smart people make guesses about how to throw money at smart people, see what happens” – i.e., to use a decidedly non-Kantorovich approach. But I haven’t given this super-deep thought and it is completely possible I’m missing a calculated solution to the problem- please do enlighten me if that’s out of Social Media Essay there. [This reminds me that Cosma has elided the problem of what happens when your Kantorovich economy is not closed; e.g., when it has to engage in trade with non-Kantorovich economies to get raw materials or to sell outputs. If you have to do that, then you have to recalculate the whole solution literally every time an can do, external price changes, right? Or, again, am I missing something?] Luis 05.30.12 at 7:19 pm. (And, argh, WP is eating some my formatting- apologies.)

Luis 05.30.12 at 7:21 pm. (And of course gov’t can buy innovations- they do it all the time, often much more efficiently than markets because they aren’t paying overhead for self-important MBAs. But at Media on Society Essay, root they do it the same way VCs do – throw money at cast can do, it, see what sticks. There is no magic, calculable metric for Impact of Social it, that’s all I’m trying to say.) Peter Dorman 05.30.12 at biochemical of bacteria table, 7:21 pm. Before saying anything else, I want to join the Impact of Social on Society Essay, chorus that praises this post for Comparing the Australian Films, "Crocodile Dundee" and "The Adventures of Priscilla, its elegance, insight and very intuitive explanation of computational complexity in optimal programming. Excellent! Now on to the other stuff. I have come to believe that there were two different kinds of issues raised in the socialist calculation debate, and that it was unfortunate that they became confused.

The first was about calculation itself, and Impact Media Essay, it is certainly what Mises was pushing and Taylor, Lange et al. were trying to overcome. More or less, the market socialists one that one, although the convergence problem in their algorithm has not been given enough consideration in my opinion. Threepenny Opera Summary. The second was about discovery of costs and values. Hayek grasped it, although he did not, to my knowledge, fully separate it from the issue of calculation. And discovery is the killer. Here is the summary of the argument I posted at EconoSpeak a year ago: 1. The key concept is discovery: discovering what consumers need and Impact of Social Essay, want, and discovering the true costs of Marxism and Radical and Liberal Essay examples providing these things. Since they are subject to tacitly known and otherwise irreducibly qualitative determinants, values and costs cannot be ascertained apart from the actual processes of producing and marketing, so the technical problem of number crunching—devising algorithms to Media, calculate equilibrium prices and quantities out of cost and demand information—is secondary. Any reasonably efficient economic system has to have processes of discovery, some for costs, others for the value of refugee hustle goods and Impact of Social Media, services as determined by consumers.

These processes need to tests of bacteria, be specified concretely. 2. Essay. Discovery requires trial and error. In an economy with a vast number of goods, and with complicated production and consumption relationships surrounding each good, it is inconceivable that trial and error can be sequential. Rather, there have to be many trials simultaneously, along with a process for determining which succeed or fail. That is the role of threepenny opera rivalry (competition) in a market economy, with the market test assessing success and failure. “Cost” is discovered by firms that succeed in being low-cost producers; “value” is on Society discovered by those who succeed in marketing.

This information is can do bad all transmitted via prices to other firms, telling them whether they are producing at- or above-cost, and whether they are producing and selling at- or below-value. Any plausible economic system has to have a structure of Impact of Social on Society Essay multiple, simultaneous trials, a “hard” test that tells enterprises whether their trials are succeeding, and a vehicle for transmitting the results of these tests to all participants—in real time. On top of this, of Marxism and Liberal Feminism Essay examples course, there needs to of Social on Society Essay, be an incentive structure that causes those who failed the test to abandon the methods that were retrospectively unsuccessful. I think an Austrian socialism is conceivable, but it won’t look like a “planned economy”, at least not in most respects. Incidentally, regarding Simon’s vast spaces of private planning (inside firms): it seems so obvious to Literature: Three Cinderellas example, me that the reason firms exist is due to Media on Society, local nonconvexities in production that I don’t understand why I’m the only person on the planet who says this. Refugee Hustle. (I’m thinking mainly of on Society interactive, off-diagonal nonconvexities, not those due to increasing returns.) The significance is Marxism and Liberal Essay examples that a planning structure is needed to bring about allocations that wouldn’t be arrived at decentrally, i.e. by adding up bilateral exchanges. My shorthand for markets/planning is convexity/nonconvexity. I think that the Media, real separability at the heart of feasible socialism is identifying and separating the significantly nonconvex regions of the Marxism and Radical examples, economy, where planning is Impact of Social on Society Essay essential, from those nice, well-behaved convex regions where adding up is more or less OK. Sebastian 05.30.12 at threepenny opera, 7:25 pm. “And of Impact of Social Media on Society course gov’t can buy innovations- they do it all the time, often much more efficiently than markets because they aren’t paying overhead for self-important MBAs.” I’ll sort of give you the first clause, but ‘often much more efficiently than markets’? No.

The major government innovator is the military, and cast of i can do, whatever good things people say about technology and military hardware, ‘efficient’ is not one of them. ajay #7: I’m not sure The Cassini Division or Iain M. Banks’s Culture novels describe, even in a hand-waving way, an optimal planned economy in Impact Media on Society Essay the sense that Cosma is talking about. A Culture Orbital and a Solar Union habitat are self-contained environments, like a luxury hotel or cruise liner. From the point of tests for identification table view of the artifical intelligences that they embody, supplying human wants – even elaborate and fanciful human wants – is something that goes on Impact Media, the AIs’ bodies, in processes quite possibly as unconscious to them as cellular activity in our bodies is to us. Colin Danby 05.30.12 at 7:40 pm. A post for the ages, and great comments as well. At the risk of lowering average comment quality, I’m interested in threepenny opera the time-indexing problem. It worried me in the novel: if the plan period is a year, how do you coordinate and stage deliveries between units during the year?

But in any economic system, especially once you have some level of technical complexity, the timing of production-critical deliveries, and Impact of Social Media Essay, the inherent unreliability of such timing, must be dealt with somehow — whether through massive warehousing, deliberate excess capacity, duplications of various kinds. Films, "Crocodile And "The Queen Desert". (There must be a huge operations-research lit on this…) You can see this in Impact of Social Media on Society Essay a small way in contemporary internet vendors, who have incentives to lie about whether a product is in stock. For me one of the lessons is that even the red lines on Simon’s map are, very often, not the impersonal take-it-or-leave-it transactions of neoclassical theory but significantly institutionalized. A purchasing manager builds relationships with counterparts at other firms, and a lot if that is of i by myself about negotiating timing problems as they arise (as well as quality issues). Bruce Wilder 05.30.12 at 7:41 pm. I think I understand what you are saying about balance.

I think I lean left, today, because the times lean right, in some particularly egregious ways, though I often find more sense among principled conservatives and the populist right on some, selected subjects. Any economic system has to find ways to reconcile and resolve conflict. A lot of economics, qua ideology, whether it is socialist or neoclassical economics, is about pretending that conflict can be minimized or subsumed or eliminated, or is simply illegitimate. The problem in a communist state, as in our own decadent crony capitalism of universal banks and media conglomerates and giant “energy” companies, is the Impact of Social Media, inability of refugee hustle a unified authority to break the incentive bound. It is not about Impact on Society, markets, or allocative efficiency, per se.

It is, primarily about achieving technical efficiency, and it is why a team needs a boss, who is not doing the cast of i can do bad all, work and who can give rewards and penalties unbounded by actual outputs of the production process, and unphased by effort or discomforts involved. We need conflict. We need “arm’s length” negotiations. We need government regulatory agencies, responsible for, say, public health, but not responsible for, say, food preparation as a balanced whole; we need a restaurant inspector, who can say, “your restaurant is Impact of Social unsanitary and must be closed till you fix it” and who doesn’t care whether the restaurant employees work or the restaurant patrons eat. Ditto for cast of i can do bank regulation — the regulator has to of Social Media on Society Essay, be detached from the results for the bank, someone, who doesn’t much care, whether the bank is able to pay a bonus out of its quarterly results. The story that says “markets” are about price and allocative efficiency misses an important point, which is that “markets” (or the table, de-couplings that we whimsically call “markets”) are critically important points of conflict, which are dangerously eliminated in a monolithic hierarchy of Impact Media authority. It’s bad in a communist state and it’s bad in a universal bank or a giant Media conglomerate. It’s bad, when we eliminate labor unions. geo 05.30.12 at 7:43 pm. Sebastian @52: But government also buys innovation for industry, both through civilian applications of military technology (like DARPANET) and by supporting basic research in Literature: Three Cinderellas Essay example universities, for Impact of Social Media on Society which it does not (in general, at least as far as I know) demand a share of profitable applications.

Luis 05.30.12 at 7:43 pm. The major government innovator is the military, The medical research complex would disagree with you (on whether the military is the major government innovator) and lots of people are waking up to the fact that VC is quite inefficient (as measured by ROI), so even if I grant that the military is the Traditional Literature: Essay example, major government innovator, I’m still not clear it is particularly inefficient with respect to the private alternatives. One of the insights I take away from this post has to do with the function of Impact of Social on Society planning in both its good and bad aspects. Every grand design, planned or accretive, will have its unintended consequences, so planning can’t be the unmitigated evil that soi disant free market enthusiasts are so fond of claiming, i.e., it doesn’t have to result in a Stakhanovite nightmare in some commissar’s dark satanic mill somewhere. More simply put, the way to optimize the benefits of tests planning might be to make our plans smaller, and the communications between them more robust. Taking this idea seriously might well have even more powerful optimization effects in politics than it would in economics. Media Essay. (Cue discussions of participation, democracy, investment of individuals in macro outcomes, etc.) And no, contra Hayek, it doesn’t seem to me that the market price is the greatest of all imaginable discovery mechanisms, although it does point the way to others which might share its advantages. Bruce Wilder 05.30.12 at 7:58 pm. When most “market” prices are administratively planned in our capitalist paradise, it is hard to credit Hayek’s vision. Have you seen the price of the iPhone fluctuate?

Movie tickets? Ever been to a supermarket? Well, yes, if we had genuine market prices in anything other than simple commodities (at best), it would be harder to scoff at refugee hustle, all the of Social Media on Society, ideological superstructures built on their supposed magical efficacy. Of I. On the other hand, why we don’t have them, and why producers think it’s so important to game them in Impact Media on Society the ways that they have, is very instructive about some of the things we too would have to worry about refugee hustle, if we woke up tomorrow in a universally declared Socialist New Jerusalem. Footnote 4 is Media Essay beyond praise. j 05.30.12 at 8:13 pm.

This was a very fascinating read! I’m naively trying to intuit up ways to avoid both the summary, problem and as much of capitalism as possible. Here is a first attempt. As a matter of unconditional right each citizens freely receives. – modest housing, and. – a personal fabrication unit (fab) and a bundle of raw input materials, and. – sufficient nutrients as specified by the science, and. – access to internet where all open source hardware/software are available. Would a centrally planned economy within the limits set by Impact Media, the above also be unfeasible for the sorts of reasons detailed in the original post? rf 05.30.12 at refugee hustle, 8:14 pm.

Oh wow, Cosma Shalizi, you’re my new intellectual crush. I really didn’t understand half of Impact on Society that, but still, thanks. And to Comparing and Contrasting and "The Adventures Queen Desert", be honest, thanks to all involved with this site, (commenters included), for all this free knowledge you’ve been relentlessly shoving down our throats these past years. It’s genuinely much appreciated. This could only be topped if Francis Spufford were to Essay, barge in here knocking over chairs screaming delegitimisation….. blavag 05.30.12 at 8:23 pm. Why can’t GOSPLAN throw darts too? Henry 05.30.12 at 8:24 pm. Jim Henley asked delegitimization-dude on Twitter whether he was planning on participating in the _Red Plenty_ seminar. And Radical Essay Examples. I think it’s fair to say that he didn’t get the joke … Adrian Kelleher 05.30.12 at 8:26 pm. As the headline post makes clear, the problem is not with communism per se but is Media Essay a problem of planning more generally and, more generally again, one of rationalism.

This came as a tremendous shock not just to socialists but to science as a whole. Essay Examples. Capitalism does not solve these problems however. On Society. Rather it circumvents them using the market which is not a rationalist construct. Markets have no theoretical foundation. Q. What is the market price?

A. Check the Comparing Films, "Crocodile Adventures Queen Desert", market. Q. What will be the market price tomorrow? A. Check the Impact Media on Society Essay, market… but you have to wait until tomorrow. Markets are a powerful analytical tool (indeed an indispensable one). They’re also a scientific deus-ex-machina, however, with frighteningly shaky empirical foundations relative to their significance. This price may be judged sticky or not and that demand curve observed but the validity of these observations are always contingent and their durability is never certain. Given enough time, all such observations will become untrue. And Liberal Feminism Examples. This may occur due to cultural shifts or due to changes in circumstances; the markets for diamonds and Media on Society Essay, grain will differ inside a besieged castle from those in the larger world. Market economics makes certain problems tractable at the expense of accepting that other more general questions can never be solved — precisely those questions dealt with in the OP. Comparing The Australian Films, Adventures Queen Desert". This is not an advantage to Impact on Society Essay, be dismissed, however market evangelists habitually go on to make much greater claims — essentially to take assumptions about efficient markets as fact — without any proof whatsoever.

But the erosion of rationalism in the 20th century was not restricted to cast of i can do, economics. Of Social On Society. Along with the Marxism and Liberal Feminism Essay, analytical limits such as those proven by Bertrand Russell and Kurt Godel, there were limits to what was calculable such as NP complete problems, theoretical limits to Media Essay, observation such as the Heisenberg uncertainty principle and observational constraints in fields such as chaotic systems or economics that appear superficially to be practical but are in reality fundamental. These developments came at a time when scientists’ capabilities were widely thought to refugee hustle, be limited solely by time and resources. The shock was profound and not just to the scientific community. It was a trauma to rival the Impact Media on Society, Copernican revolution. Back in the 1980s, James Burke made a wonderful television programme called The Day the Universe Changed. Threepenny. It was a brilliant inversion of normal scientific discourse, pointing out that prior to Impact Essay, each scientific or philosophical revolution people lived in a world built around a more flawed understanding of reality.

When they looked out, they literally saw that narrative that was about to collapse. So, when Copernicus wrote his treatise, as contemporaries saw it he didn’t just improve our understanding of the solar system; rather, he wrenched humanity away from the centre of creation where not just the bible but all prior observations had placed it. The universe ceased to be for Three and about us, a trauma that contributed to centuries of religious turmoil that have yet to fully unravel. The 20th Century added insult to injury. Not only was the of Social Media, position we occupied of no special importance, in many spheres we were now also condemned to ignorance in perpetuity. And Radical Feminism. The universe had changed once more. It’s interesting to speculate as to of Social on Society, the role this shock played in opera summary the convulsions of the of Social on Society Essay, 20th Century or about the extent to which its reverberations will continue to refugee hustle, echo in the 21st.

Though it started with science, its impact can be felt much more broadly. Artistic modernism for instance was ultimately an aesthetic and of Social Media, hypothetically any modernist aesthetic could be expressed as a system of rules, that’s to say as a rationalist construct just like law or mathematics. A complete system of rules that would eliminate all creativity was not the objective. On the other hand rules motivated by for identification of bacteria, critical argument could separate the artistic from the purely technical: content from form. The rise of postmodernism, which denies any absolute distinction between high and Impact, low art or indeed between any two artistic artefacts, closely paralleled the and Contrasting and "The Adventures of Priscilla, Queen of the, scientific and philosophical changes outlined. Its claim is that all cultural expressions are imbued with all other such expressions and if there were ever any doubt that there’s at least some truth in this the subsequent explosion of referentiality in art has dispelled it.

Modernism, characterised in the broadest terms by constant technical innovation, had by the 1960s resulted in the colonisation of huge areas of scientific creativity. Of Social On Society. Worse again, the helter-skelter rush to occupy the new territories had left much of them patchily covered but the number proved to be small of artists modest enough to limit themselves to at best the second rank by working in the shadows of the technical innovators. Tests For Identification Table. Certain arts, music and Impact of Social Media on Society, painting in particular, came to be seen as essentially complete by the 1960s. While postmodernism is itself arguably just such an acknowledgement of the technical innovators’ greater significance it unquestionably opened up vast new areas just as the opera summary, well of modernism ran dry. Media. But this all came with a catch. Cast Of I Bad All By Myself. Whereas art for Impact Media Essay art’s sake was a clever joke, if all artworks were inescapably imbued with every stimulus to which its creator had ever been exposed then all causal relationships in art really did become circular. This didn’t just alter aesthetics, it made any aesthetic impossible. Postmodernism never did catch on in the USSR and for obvious reasons.

It was not a society where fools could prosper, and any fool could see that an assault rationalism would constitute an assault on communism itself. The world of today is the opposite; when there is an artistic controversy everybody comes away with what was sought: offender, reporter, offendee. Identities are reassured rather than unsettled. The rituals and superficial forms of creativity remain, abstracted of tests for identification of bacteria table intent. It is difficult today to imagine how important figures such as Picasso or Stravinsky were in their time; carpenters and field hands as well as professors debated their merits.

Henri Rousseau demonstrated that with commitment and integrity it was possible then for of Social Media on Society the individual to cast can do, leap ahead of the cultural elite. Impact Of Social Media On Society. Derided as an idiot, his creations are universal and eternal. I don’t know that any civilisation has prospered for long while exhibiting the cultural stagnation of the current age. Comparing "Crocodile Dundee" And "The Adventures Queen Desert". We need to remember that only at the margins is postmodernism incontrovertible. Impact Of Social On Society Essay. Its arguments can be applied to Mozart or Picasso but such examples reveal its limits as a perspective because the threepenny opera summary, ways in which they extended human expression simply had no precedent. Bruce Wilder 05.30.12 at on Society, 8:34 pm.

William Timberman @ 60: ” On the other hand, why we don’t have them, and why producers think it’s so important to game them in the ways that they have, is very instructive . . . “ I don’t feel instructed. I feel distracted. Not your fault. (And, certainly not the fault of Comparing and Contrasting "Crocodile Dundee" and "The Queen of the Cosma, who has written a fabulous essay.) Sebastian 05.30.12 at 8:40 pm. The market is an emergent system. One of the funny things about scientific leftists is that they believe in emergent systems in evolution, but have trouble believing in them in markets. They want god/planner in charge somewhere in economies.

One of the funny things about scientific leftists is that they believe in emergent systems in evolution, but have trouble believing in them in markets. On Society. They want god/planner in charge somewhere in economies. The executives of tests for identification table failing companies should be ripped to pieces by tigers. John Howard Brpown 05.30.12 at 8:49 pm. I believe that Nove’s work doesn’t mention services because all labor theories of value going back to Adam Smith deprecate services.

There may be a class aspect to this since in Smith’s time provision of services had a definite tinge of submissiveness to it. Also, the ln(1/h) in the expression about computability reminds me of information theory, any connections? Chris Williams 05.30.12 at 9:03 pm. Mmm, nice post. There are echoes in it, and in _Red Plenty_ itself, of some of my conclusions from on Society Essay having worked on the history of a project of a similar era, the UK’s Police National Computer, which was in development between about 1962 and about 1975. Refugee Hustle. It worked, but the reason that it did so was that the planners very wisely stuck to files (with millions of entries) containing pre-registered digital data such as names, addresses, fingerprint index numbers and car registration details.

At the start of the of Social Media on Society, process they were hoping to include the various Modus Operandi indices run by British police: in essence, to code up criminal behaviour in order to identify it. By the end, they had abandoned this entirely: it was a harder class of problem for the technology of the time. I do, though, have one yabbutt: During the Second World War, the Middle East Supply Centre seems to have run quite well… Is that because it was essentially (mainly) about distribution and the managing of transport bottlenecks, not about maximising production all the way to the consumer? Zamfir 05.30.12 at 9:35 pm. @sebastian, markets are surely emergent, but we seem to refugee hustle, understand them far less than evolution. The turnover of firms and products is not fast enough for an equivalent process to natural evolution, for example, and the standard economist’s model of them is strangely off as well. Without understanding ’emergent’ is just another word for ‘exists’. lupita 05.30.12 at 9:46 pm. planning is Impact of Social not a viable alternative to capitalism.

There is no alternative? Bechtel did a lot of tests capitalist planning to get to the point where they could profit from Media charging Cochabambans to gather rainwater from their rooftops. On the other hand, the anti-capitalist Cochabambans just spontaneously exploded and opera summary, ran Bechtel out of their town. The clearest explanation of capitalism I have encountered is Varoufakis’ who defines it as extracting capital from the future, loaning it out in the present, and of Social on Society Essay, recovering it, plus interest, back in the future. Of course, there is always Marx’ classic explanatory formulas to maximize capital as in “money-commodity-money” (commodity speculation) and M-M, as in the stock exchange. When the aim of planners is to biochemical for identification of bacteria, maximize commodities, they are not capitalists, no matter how much planning they do. When they are maximizing capital (as most states have been doing during the past few decades) then they are capitalists, no matter how little time they spend looking at their exchange rate, credit rating, stock index, and bond spread. It was interesting to see who funded Spufford’s book (e.g., Target).

There’s a lot of Impact of Social Media on Society Essay scholarly interest in Cinderellas Essay example the big retail chains, who have some of the same problems as the commissars in Red Plenty (though most of the interest seems to have been from the social side). They aren’t anti-capitalist, however, no matter how different their interests are from Ford’s or John Deere’s. Maynard Handley 05.30.12 at 10:46 pm. “I don’t think this sort of pathology is of Social Media Essay intrinsic to market exchange; it comes from biochemical for identification market exchange plus gross inequality. “ I think there’s more to Impact of Social on Society, it than just this, that this view is a little optimistic. As I’ve said a few times, the Cinderellas Essay example, Plan, even the Impact Media, decentralized price-based plan, is not self-fulfilling. Cast Of I Can Do Bad All By Myself. If prices are to indicate successful vs unsuccessful business models, then the unsuccessful have to be allowed to fail and Impact of Social on Society Essay, the successful to Traditional Literature: Essay example, thrive. The question, then, is Media how do we implement this in a way that is as nondestructive as possible.

As a theoretical matter, I’m not so worried about the successful thriving. We know in principle what to Comparing "Crocodile and "The Adventures Queen Desert", do about that — limits to the extent money can buy political speech, high income taxes on the rich, high estate taxes, etc. (Of course, as pointed out, converting these into Impact, practice is a different matter.) More problematic is the issue of failing. Let’s start with sole proprietorships and Marxism and Radical and Liberal Feminism examples, small businesses. Conceptually, of course, we can imagine each of these runs as an Impact on Society, LLC, and the failure of the business represents the failure of the LLC, not the refugee hustle, destruction of the underlying proprietor. But, of course, one has to put some sort of Impact on Society Essay limits and constraints on this, otherwise we’ll see a rash of Comparing the Australian Films, "Crocodile Adventures of Priscilla, Queen Desert" sole proprietors living it up in a series of company housing and driving company cars. A similar version of the problem exists with respect to Media, choice of major in Films, Dundee" Adventures Queen Desert" college. The details differ, but again we have a decentralized system of choice, which is supposed to be grossly matching supply and demand.

Again we have the of Social Essay, problem of what to opera summary, do with the student who, in good faith studied cardiac surgery [ie open heart surgery] only to practice in a world where cardiology [ie catheter based intervention, a rather different set of skills] has taken over the market and rendered her skills irrelevant. Again we have the companion problem of Impact of Social on Society Essay what to do with the student who, in bad faith, studies History of Video Games at college — and only managed to achieve a D. Finally we have the problem of the large enterprise which fails. Marxism And Liberal Essay Examples. At a conceptual level, yes, this is of Social on Society like the power of imagination over evolution — our ideas die in our stead — and the death of cast of i can do bad all a large corporation, per se, is Impact of Social Essay no tragedy. Refugee Hustle. BUT in the real world, the death of even a large enterprise means the loss of a large amount of accumulated skill, and the loss of a large number of jobs. So what’s my point? For prices to actually do their job, failure has to Media on Society Essay, have consequences. If we want failures to have consequences, but also to live in a civilized society, we then need a whole lot of auxiliary mechanisms (government attempts to save, or have bought out, failing large enterprises; unemployment insurance; this sort of thing), and THEN we need a whole lot of limitations on these auxiliary mechanisms precisely to get back to the original point — failure should have a cost. Maynard Handley 05.30.12 at 11:04 pm. ” So how does capitalism solve them? Certainly not through market signals—which of the Australian Dundee" and "The of Priscilla, Queen Desert" course also don’t exist for things that don’t exist yet.

Rather, through planning: A designated group of experts considers various proposals for on Society new firms or projects, and allocates a portion of the social surplus to them based on their assessment of their prospects. Now, we call these planners banks, or these days venture capitalists, but when Schumpeter, writing i 1939, wanted to explain the of i can do, function of banks under capitalism, he described them as our version of Gosplan.” It’s important, in understanding the Media Essay, way the US REALLY works (as opposed to biochemical tests for identification table, the nonsense ideological versions) to Impact on Society, also include in this list of planners. – DARPA (THE Ministry of Planning for the US, but don’t call it that, of course), and. – NIH and all the biochemical for identification of bacteria table, other science funding agencies: NASA, NSF, DoE etc. It was interesting to see who funded Spufford’s book (e.g., Target) I think you must be thinking of some other book. Nothing funded Red Plenty except a publisher’s advance. Damn, how do I turn the italics off?

Sorry, I was referring to the grant mentioned on the copyright page. I don’t know a lot about how that works, but I assume it could mean anything from minimal research support or archive access to Media on Society, anything at all. It’s important, in understanding the way the US REALLY works (as opposed to the nonsense ideological versions) to also include in this list of planners – DARPA (THE Ministry of Comparing the Australian Films, "Crocodile and "The of Priscilla, of the Desert" Planning for the US, but don’t call it that, of course), and – NIH and all the other science funding agencies: NASA, NSF, DoE etc. Luis: I am happy to stipulate, at least for the moment, that a number of independent planning agencies will approve a greater number of blue-sky projects than a single centralized agency, and that this kind of decentralization is more likely in an economy with private ownership of the means of production. What I object to, first, is the idea that decentralization decision-making is definitionally equivalent to on Society Essay, markets, and second, that the greater innovation it results in has anything to can do by myself, do with “optimization” in Impact Media on Society Essay the sense discussed in tests for identification of bacteria Cosma’s post. What is the optimal frquency of iPhone-like innovations? How on earth could you know? rf 05.30.12 at 11:22 pm. Malfunctioning italics.

Accusations of corporate sponsorship. The delegitimisation begins ( I couldn’t resist – but I should) Oh. [Looks hastily at book.] I think that’s a grant from Target to Graywolf Press to support it as a publisher, presumably as a piece of Minnesota-to-Minnesota philanthropy. It didn’t come my way. : it seems so obvious to me that the reason firms exist is due to local nonconvexities in production that I don’t understand why I’m the only person on the planet who says this. Isn’t this Chandler’s argument, sort of? Capitalism can have institutions: think about Toyota and its subcontractors. Each subcontractor has a contract specifying what it produces and Essay, when, but this is an incredibly complicated contract, and Comparing and Contrasting the Australian and "The of Priscilla, of the, one that is always changing as Toyota’s needs change. What makes this noncapitalist?

Capitalism is not just Econ 101 commodity markets, which even the Pharao bought and sold in. There is Media Essay a developed theory of the firm to address the existence and behavior of firms, which is worth looking into. Maynard Handley 05.30.12 at 11:32 pm. @sebastian, markets are surely emergent, but we seem to understand them far less than evolution. The turnover of firms and products is not fast enough for an equivalent process to natural evolution, for example, and the standard economist’s model of them is strangely off as well. Without understanding ‘emergent’ is just another word for opera summary ‘exists’. I’d say “emergent” means that the of Social on Society Essay, emergent phenomenon is more the consequence of the RELATIONSHIPS between the lower level entities than a consequence of the PROPERTIES of the lowere level entities. So, to give two examples. – you learn about liquids, as an emergent phenomenon, by studying the refugee hustle, forces between atoms, not by ever more careful study of the properties of an Media on Society Essay, individual atom OR. – to put it a little differently, you can create a usefully realistic model of highway traffic jams by simulating actors with the correct relationships (response time, breaking distance and refugee hustle, so on); you don’t need a full or even a partial model of of Social Media Essay human psychology and Marxism and Liberal Feminism Essay, different car models.

In this context, most models are NOT emergent markets by this definition. The financial markets (where so much is driven by the rules in place) are the closest, but even they rise and fall based on human psychology — and the whole point of emergence is Media on Society Essay that this underlying specific trait of humans shouldn’t matter. As we move to other markets — the market for cell phones, the market for clothes — we get further and further into territory that is Marxism Feminism Essay examples very much determined by specific human psychology. Malfunctioning italics. Accusations of Media corporate sponsorship. The delegitimisation begins ( I couldn’t resist – but I should) Let it all come! Nothing can quench my sublime and funky love. I think I’m going to Marxism and Radical examples, try and keep my serious comments for the responses, though. They’re already getting alarmingly long, and it’s also half-past-midnight in England. guest passing through 05.30.12 at 11:41 pm.

How far does it get you — if it gets you anywhere — if you a total ordering ordering on the set of Impact of Social on Society Essay goods, but nothing further? david 05.30.12 at 11:43 pm. For The Market to tatonne its way to equilibrium requires rather well-behaved excess-demand functions on the part of the refugee hustle, economy anyway, so is there some reason in principle that The Planner cannot assume that the same? There is a shortage of something: so make more, comrade! Central planning is easy under the conditions which the market works perfectly. John Quiggin 05.30.12 at 11:52 pm.

Markets don’t provide much of an incentive for of Social Media Essay innovation because most innovations are easily copied. States can provide an incentive by creating intellectual property rights, but these discourage about as much innovation as they promote. So, most innovation is not going to arise from market incentives, with or without strong IP. OTOH, central planning is and Liberal examples also adverse to innovation, since the of Social on Society, whole idea is that all the possibilities are known in advance. Some kinds of of i can do by myself innovation can be ‘planned’ . Dor example, if you want to build a rocket that can go into outer space or, less happily, deliver a nuclear weapon to the other side of the planet, you can throw lots of of Social Media on Society Essay resources at the problem, specify the goals and let the boffins come up with the means. But lots of innovations don’t work like that, and historically, most of the interesting ones have come neither from profit-driven firms or from goal-driven publicly funded research. The big example is the Internet, which got a little bit of startup money from the US, but was largely built by academics in cast of i can do bad all by myself their spare time, until it got big enough to of Social Essay, wipe out the similar attempts of the private sector (Delphi etc) and some public competitors (Minitel), after which private firms got interested. That produced the dotcom bubble, which also did not show market-driven innovation in cast bad all a good light. 80 seems exactly right. Joe 05.31.12 at 12:07 am.

even if it were efficient, would that be optimal? quoting schumpeter: “a system- any system, economic or other- that at Impact of Social Media on Society Essay, every given point of time fully utilizes its possibilities to the best advantage may yet in th elong run be inferior to a system that does so at no given point of time, because the latter’s failure to Films, and "The Queen Desert", do so may be a condition for the level or speed of long-run performance.” setting aside the gulag and of Social Media on Society Essay, the corruption, i think this gets right to Marxism Essay, the heart of Essay why planned economies don’t work all that well in the long-run. Barry Freed 05.31.12 at 12:15 am. Bruce Wilder 05.31.12 at 12:20 am. It is refugee hustle common, but still problematic to identify “innovation” with “novel invention”, when the economically significant process is the grinding out of technical economies from progressively improving the architecture of control, once a production process is under control. So, Ford and of Social, General Motors gradually advanced automated assembly processes. General Electric and Westinghouse worked out electrical generation and distribution.

U.S. Steel and Bethlehem Steel. Proctor Gamble and Colgate, etc. Standard Oil and its progeny worked out the refugee hustle, worldwide production and distribution of oil. IBM. Boeing and Douglas and the other aircraft makers. Warner Bros.and the other movie studios. Impact Media On Society Essay. ATT and Marxism and Radical Feminism examples, GTE (Verizon). F.W.

Woolworth down to Impact of Social on Society, Wal-Mart. And Radical And Liberal. Container shipping. Coke and Pepsi. This is where “capitalism” has shined, at least since the beginning of the Second Industrial Revolution in the mid-19th century, with the growth of the railroads. Large bureaucratic private enterprise steadily advancing their technical control of on Society Essay production and threepenny opera, distribution processes, driving down costs and prices, driving up productivity and Media on Society Essay, quality, often over many decades. Comparing And Contrasting "Crocodile And "The Adventures Of Priscilla, Queen Of The Desert". Railroads are still scoring productivity gains from applying innovations in motors and engines and control systems. You can deride “central planning”, but these are large bureaucracies, which are not adverse to mobilizing the state on behalf of of Social Media their schemes, nor is the state adverse to cast of i, mobilizing these bureaucracies, when it suits. “Market incentives”?

There’s a story about First Mover advantage, although that may be more a case of the surviving winners writing history. The firms that do most of the long-run work of innovation in the sense of refining control regimes tend to of Social on Society, be the ones that follow up on a key innovation, and acquire a dynamic capacity to continue progress along those lines, taking advantage of a dominant market position, which makes it easy to capture returns from innovation. Innovation carries no magic virtue, to ensure that the sunk cost investments can be recovered; market power is necessary for summary that, and IP is Impact Media on Society Essay weak tea at best in the Australian "Crocodile Dundee" Adventures of Priscilla, most industries. Matt 05.31.12 at 12:56 am. Are there no parallel algorithms with good scaling properties for solving linear programming problems?

Like ajay, I don’t understand why the computational reference unit is one desktop computer; many scientific problems solved by Impact of Social Media on Society Essay, computer today would not be tractable on one desktop computer. More serious is the problem that people will straight-up lie to the planners about resources and technical capacities, for reasons which Spufford dramatizes nicely. There is no good mathematical way of dealing with this. Governments and corporations have developed and Comparing and Contrasting the Australian "Crocodile of Priscilla, Queen of the, continue to rapidly improve electronic panopticons for the purposes of waging war, enforcing laws, and Impact of Social on Society Essay, optimizing advertising. Is it folly to think that a data mining panopticon could solve the problems of deceit in economic planning? Merely creepy?

The central planner needn’t ask factory managers how much labor it takes to make a kilogram of threepenny viscose fiber or how often machinery breaks down; just have cameras everywhere on the production floor and of Social Essay, networked machinery constantly reporting self-diagnostics and statistics. Everything that happens is of i bad all by myself recorded; if central planner and Impact Essay, lower managers alike are competent and acting in good faith, it aids them both, and if not it identifies the weak point. Of I By Myself. The instance of elaborate sabotage and Impact of Social Media, its twisty motivations, described in Red Plenty , came about only because planners could lie about how much production a given machine was capable of and lower managers could lie about refugee hustle, how much was actually achieved. If a machine reports as idle for a day when it was supposed to be in Impact of Social production, maybe the Marxism and Radical Feminism Essay, machine is faulty. Check the video camera footage to see what was happening with the workers and Impact Essay, the machine. If the workers are behaving as usual, the machine probably just needs its sensors or software fixed. Most of the watching, aggregating, cross-correlating, consistency checking, etc. can be done by computer, otherwise you’d just be solving one problem with a worse one (lying replaced by enormous amounts of oversight labor). Thanks for an extremely engaging, thought-provoking piece. I have wondered about and Radical and Liberal Feminism, these sorts of Impact of Social on Society Essay problems since I read Accelerando and The Cassini Division ; Red Plenty has just excited my interest again. Alex K. And Contrasting Films, And "The Adventures Queen Of The Desert". 05.31.12 at 1:02 am.

DARPA (THE Ministry of Impact of Social Media Planning for the US, but don’t call it that, of course) The 2012 DARPA budget is about $3 billion — about the size of the RD budget of refugee hustle Google and about a third of the RD budget of Microsoft. Hardly close to anything resembling “The Ministry of Planning.” Keshav 05.31.12 at 1:36 am. Matt @ 93 – I found slides for of Social Media a 2005 talk by Jacek Gondzio, “Massively Parallel Implementation of Interior Point Methods for Very Large Scale Optimization” in which he reports that a linear programming problem with 1bn variables and and Radical Essay, 353m constraints can be solved in 50 minutes using 1280 processors. This is not my field, so I don’t know whether his algorithm exploits some structure in his problem that would not exist in the central planner’s problem. On a related note, Cockshott and Cottrell have a number of papers arguing that central planning is feasible with modern computer technology. As I understand it, the algorithm they present (e.g. in Media “Towards a New Socialism”) does not consider a linear programming problem; rather, it takes as given a target for final goods production (determined elsewhere in their model, which includes some markets for consumer goods) and solve for the gross output levels required to threepenny, meet this target. Impact Of Social Media Essay. They exploit the fact that the of i can do, input-output structure of the of Social Essay, economy is sparse (only a small fraction of the and Contrasting the Australian Films, "Crocodile Dundee" of Priscilla, of the, goods in the economy are directly used to produce any single good). Their algorithm’s complexity increases with n*m, where m is the number of direct inputs for Media Essay each product, which seems manageable even with n=12 billion. Of course, even if true, this does nothing to ameliorate the other problems – collecting and representing the required data, aggregating preferences, etc. – which Cosma describes so well (I am so much in the target demographic of this post it’s not even funny).

Loved the essay but don’t feel qualified to cast bad all by myself, comment until I’ve read the book. But I will anyway. The whole socialist calculation debates seems to Impact Media, me to cast of i can do bad all by myself, be predicated on two misconceptions or fictions: one, that there is a system of production and distribution of goods and services that consists fundamentally of markets operating on Impact Media, a logic of markets and, two, that to replace it one had to develop a system of production and distribution that consists fundamentally of planning operating on a planning logic. Aside from primitive accumulation, residual feudal relations, reproductive labor, the structure of the firm and and Contrasting the Australian "Crocodile of Priscilla, Queen Desert", monopoly power some strategically important market interventions do indeed occur in Impact of Social Media on Society Essay a so-called capitalist economy. Why then should a socialist economy require a complete non-market retrofit from the ground up (including those elements that are already outside markets in a so-called market economy?) rather than just some strategically vital tweaking here and there? David Childers 05.31.12 at 2:11 am. There’s a lot more here to tests of bacteria, comment on than I could cover, aside from to Media Essay, express agreement and appreciation, but as an economist-in-training (for what that’s worth), there are a few related points which I think are worth elaborating upon. I would like to focus on the statement that there is no good mathematical way of dealing with the propensity of individuals to lie to planners.

This seems to miss important recent developments in economics, by no means obscure, which have taken the effort to attempt to alleviate this. The rise of mechanism design as a major paradigm in economic theory has not only provided a way to threepenny opera, approach the issue of lying, but has come up with a set of ideas and results which ought to Media Essay, reshape the way people think about markets and refugee hustle, exchange in general. The following should be quite boring to Impact of Social on Society, those familiar with mechanism design, but I hope will be informative regarding this under-popularized area. While game theory, including the branch of game theory which deals with games of of i incomplete information, focuses on determining the actions of Impact on Society Essay individuals in a given social environment (formally a tuple consisting of, for each individual, a space of possible actions, an refugee hustle, information set, and an objective), mechanism design reverses the process. Media On Society Essay. Given a group of ex ante diverse agents, one seeks to summary, design an environment which induces them in equilibrium to Impact, voluntarily*1 take desired actions optimizing a given social objective, which might be a social welfare function, or just the whims of the planner. The application to the problem of lying is direct: take your God-given social welfare function (the issues with which you have ably described here), open up your Contract Theory textbook*2 and program in the optimization problem over the set of Traditional Literature: all societies such that the of Social on Society Essay, technological structure of production is Marxism and Radical and Liberal given and that all individuals will behave according to their individual objectives. Incorporating this extra structure adds to Impact Media on Society Essay, the computational difficulty of course, but as with the use of convexity in Marxism Feminism standard optimization, under some regularity conditions the problem of searching over the space of all possible societies, calculating equilibrium behavior in that society, and then optimizing over of Social on Society the resulting set of outcomes, can be drastically simplified.

Indeed, the revelation principle reduces the problem to refugee hustle, ensuring that each agent truthfully reports their type (say, their exact valuation for every kind of good), which mathematically amounts to adding a bunch of additional inequality constraints to the original programming problem of deciding what allocation to give them.*3 Adding these constraints of Media on Society Essay course takes you away from the unconstrained optimum, but one can at least attempt to opera summary, achieve the on Society Essay, best possible outcome over any society which is feasible given technology AND human nature, which sounds to me like pretty close to the goal of feasible planning. This does not overcome computational difficulties (and relaxing the assumption of refugee hustle quasilinear preferences takes it from of Social Media impractical to computationally nightmarish, according to my colleagues who work in the area), and the social welfare function is still not something one can realistically define, but the problem is at threepenny opera summary, least mathematically well-defined. The relevant question to ask, once the setup is well defined, is what kind of of Social Media on Society Essay restrictions are imposed by taking into account these difficulties, and here is where the cast of i can do, results become somewhat ugly. Some of the more important results in mechanism design, aside from some clever tricks on the forms of institutions (“mechanisms”) which make people willing to reveal their information, are impossibility theorems. Of Social Media On Society. Once you take into account unverifiable actions, it becomes generally impossible to achieve a system which both ensures maximal productive efficiency without also imposing undesirable risks on Marxism and Radical Feminism Essay examples, workers: this is the well-known issue of Impact of Social on Society moral hazard, though what is of i bad all by myself not well known is that except under extremely restrictive informational assumptions, it is Media Essay NOT the case that the solution to moral hazard is to increase the size of the punishment for bad outcomes and reward for good ones. The relationship is in general nonmonotonic, a finding which strongly contradicts the tests of bacteria, moral intuitions of the kind of people most likely to talk about moral hazard. It also has some unfortunate implications for decentralization: the Myerson-Satterthwaite theorem, my vote for Impact of Social Media on Society Essay the result in economic result which is least recognized relative to its importance, is that there exists no possible mechanism under which bilateral exchange between agents who do not know each other’s valuation for the good can be conducted efficiently: completely decentralized voluntary trade, contra Hayek, is informationally inefficient. It has been shown in tests the one homogenous good case that as the number of Media on Society agents grows, efficient exchange from cast can do by myself sellers to buyers can be achieved asymptotically using a mechanism that looks like a market price, suggesting that the Walrasian fiction of of Social Essay exchange by informed agents under competitive market prices can be approximated in large markets even in Comparing and Contrasting Films, of Priscilla, Queen Desert" the absence of knowledge of valuations by both buyer and seller, though how this applies to more general situations I can’t say. I believe most of the Impact of Social, familiar limitations should apply (though, since allocations are being decided by cast of i by myself, a planner, things like public goods and pollution and other externalities can be handled in of Social Media on Society Essay a similar way to the full-information social planning case, modulo the need to elicit valuations for such objects). The approach also brings about the issue of Marxism and Radical and Liberal Feminism who, precisely is of Social on Society Essay designing the Literature: Three, mechanism, and whether it is possible to Impact Media on Society Essay, force the mechanism designer to commit to Traditional Literature: Essay example, the allocations prescribed by the mechanism ex post.

In many of the cases where this theory has been practically applied, these become major issues. Small scale mechanisms, like an employer designing a labor contract, generally don’t have social welfare as the objective: usually the goal is to extract as much rent as possible. Impact Media. In the case of a government, this should also be an Comparing and Contrasting Films, "Crocodile of the Desert", issue, with the Impact of Social Media Essay, additional complication that even if an objective is Marxism Essay examples decided upon Impact Media on Society democratically, ensuring truthful voting will become even more difficult because votes not only make a decision but also reveal information, creating possibly conflicting incentives for voters. Ensuring that the contract is fulfilled by all parties is also difficult: clearly in the case of an employer, who has incentive to Marxism and Radical, promise high pay and good conditions and then renege, but also for a benevolent government, which may want to implement a mechanism which ex ante entails bad outcomes for some people in some states, but may ex post want to forgo punishment or reward. Impact. One could always attempt to put an incentive structure for the government which attempts to remove this, but then you have to ask who will impose that on Marxism and Radical and Liberal Feminism Essay, them and it’s turtles all the way down. None of this suggests that at any point a centrally planned society could overcome the practical difficulties entailed by lack of knowledge and processing power, even with optimal mechanisms. Optimization is of Social Essay hard and approximately optimizing over a criterion that is approximately right is not a guarantee of approximate optimization (at least in Traditional Literature: Cinderellas the absence of Impact of Social Media on Society uniformity in that approximation). Even if finding an ideal were approximately achievable in a centralized fashion (my suspicion is that in practice, since goods and services would need to indexed by time, location, and state of the world at a minimum, even without nonconvexities or social interactions which make the problem NP-hard it would be infeasible for the foreseeable future), it would be cheaper and easier to tests for identification table, decentralize many aspects of the of Social Media, process, allowing individuals and organizations to make substantial fractions of opera their decisions individually or in Media small groups and so participate in activities that look something like (regulated) “markets” and “firms” and “social organizations”, while only some aspects would be carried out in a centralized fashion, with decisions informed by gathering information in some way from the populace. Essay. In other words, even with the ability to formalize the problem of on Society Essay extracting decentralized information, computational capability is biochemical for identification table likely to change the scale and type of Media activities which are carried out in firms, markets, and governments, and tests for identification, may even result in a greater degree of centralization as it becomes more practical to Impact of Social, organize some activities in a way which takes advantage of biochemical capabilities for of Social on Society Essay more complex economic arrangements to be determined mathematically, but it’s not likely to facilitate a planned economy. Instead, just as linear programming has become a part of the standard toolkit for operations research, affecting the way some businesses manage sales and Literature: Three Cinderellas Essay example, inventories but not strongly changing the structure of the economy, mechanism design is today primarily used by Media Essay, companies like Microsoft and Google to find more profitable ways to sell advertising, and practical applications to government mostly consist of biochemical for identification somewhat more efficient tax schedules. So, in practice, although economists have given a lot of thought to the problem of social decision making in the presence of decentralized information and of Social Media Essay, have some relatively intriguing results suggesting forms of Traditional Three Essay example allocation which often differ in details from Walrasian markets, most of the conclusions regarding the infeasibility of large scale planning seem to on Society, hold up.

*1 “Voluntarily”, meaning, of Traditional Literature: Essay example course that given the induced structure of society, it is in an individual’s best interests to do as told. This is perfectly compatible with said structure of Impact of Social society consisting of: “Do X or I will shoot you and your entire family,” see, e.g. Acemoglu and Wolitzky (2011) “The Economics of Labor Coercion”. Note also that in threepenny general such a social structure is not necessarily sufficient to ensure ideal response, as not all actions are verifiable, as aptly illustrated in Impact of Social on Society Essay the process of dekulakization. *2 In our first year theory courses, we use Salanie’s “The Economics of Contracts,” but as this is not my area and it is a mature field, I suspect that just about any textbook on threepenny summary, contracts, auctions, or market design will contain the relevant details.

*3 These are usually referred to as “incentive compatibility constraints.” If you want to do more than just allocate goods, but also, say, force workers to do something when they have the possibility of doing something else, you also need participation constraints, but these can often be handled along the lines of Footnote 1. blavag 05.31.12 at 2:17 am. Why do planners have to know all outcomes in advance? Empirically, planning certainly exists in capitalism as the above comments have pointed out. Impact Of Social Essay. Sophisticated, effective planning even without knowing all in advance. But this was not always the refugee hustle, case, much of it (in the US) did come from organizing production for the First and Second World Wars but it was by no means a smooth or easy process. It was however a fundamentally political rather than technical process. See for example Brian Waddell’s War Against the on Society, New Deal. Which brings up the role and weight of the military industrial complex in cast can do the US economy for which there is still nothing better than the Impact of Social Media on Society, various works of Seymour Melman.

js. 05.31.12 at 2:32 am. Wow. This was awesome. A lot of it went right over my head, but I still learned a ton. Cast Of I Bad All By Myself. Cheers. gordon 05.31.12 at 3:04 am. Some quotes from the Impact Media on Society Essay, post and remarks on them, and a thought. “I don’t think this sort of pathology [that the whims of the rich matter more than the threepenny summary, needs of the poor; that it is more important to keep bond traders in strippers and Impact of Social Media Essay, cocaine than feed hungry children] is intrinsic to market exchange; it comes from market exchange plus gross inequality. If we want markets to signal supply and Comparing and Contrasting the Australian Films, Adventures Queen Desert", demand (not just tautological “effective demand”), then we want to ensure not just that everyone has access to Impact of Social Media Essay, the market, but also that they have (roughly) comparable amounts of refugee hustle money to spend.

There is, in other words, a strong case to be made for egalitarian distributions of Impact on Society resources being a complement to market allocation. Politically, however, good luck getting those to go together”. But inequality isn’t fixed; it has been increasing in Anglophone countries for a while now. That seems to show that the author’s despair is ill-founded; if a lower-inequality regime has existed once, it can prima facie exist again. It isn’t impossible. “…planning is not a viable alternative to capitalism…[the partisans of capitalism] themselves should be able to say what will happen then: the masters of the Comparing and Contrasting the Australian Films, "Crocodile Queen Desert", system, will be tempted, and more than tempted, to claim more and more of what it produces as monopoly rents. Impact Media On Society Essay. This does not end happily”.

This seems to indicate that capitalism is not a viable alternative to planning. So now we have two non-viable options. “What we can do is can do by myself try to find the specific ways in which these powers we have conjured up are hurting us, and use them to check each other, or deflect them into better paths”. So the author would like democratic government to work. Impact Of Social. Well, wouldn’t we all? I suspect the refugee hustle, real problem here is that it isn’t working (at least not in Impact Essay the realms he is thinking about) and that worries the hell out of refugee hustle him. But if that is the case, why not just say so? Overall, I find it remarkable that there is no historical perspective. Impact Of Social Media On Society Essay. Inequality was once less; governments once owned and managed more of the threepenny opera, economy than now; regulation was once more effective than it seems to be now. Yet he talks about the need for “bold, persistent experimentation” as though we confront new problems which have never been addressed before.

That isn’t the case. “This seems to Impact of Social Media Essay, indicate that capitalism is not a viable alternative to planning. So now we have two non-viable options.” That’s what it seems to indicate. Stephen Leacock covered much of this territory nearly a century ago in and Contrasting the Australian "Crocodile and "The of Priscilla, “The Unsolved Riddle of Social Justice.” One needs to take both laissez-faire and its centrally-planned, Oscar Lange doppelganger with a pinch of Veblen. Nobody 05.31.12 at 3:29 am.

Wanted to address the idea that there was no extant alternative to the market pricing system for determining individual preferences — What is internet advertising then? These companies observe human behavior on a massive scale and infer preferences. I’d go so far as to hazard that every good Web 2.0 site is Impact of Social on Society Essay a non-pricing/market solution to revealing preferences. The attention this blog post gets, in hits, comments, referrals, etc. are all non-marketplace indicators of relative worth. A nice, open letter to refugee hustle, the universe for more of Impact Media this. Thanks for sharing your thoughts! A terrific essay and threepenny opera, absolutely the way into Media on Society, the future. Reality is going to require overlapping institutions and organizations of cast of i can do bad all different kinds because we cannot know it all.

It is not simply complexity that it the issue; it is Media Essay that your brain can’t wrap around it. Any institution allows you to act, while depending upon some pieces of information being held in the category of “being held by all others”, so that you do NOT have to re-obtain it locally. This saves your information budget. For example, the market system works by establishing that you don’t have to recalculate the value of the for identification, currency at each transaction, and you don’t have to establish the validity of consumer protection laws for each new thing you buy. Working for a business firm is the process of of Social Media on Society doing what is of i can do required without having to know the final ends of the owners, or even necessarily the next step in the production process. Having a government policy for climate or retirement security saves the citizenry from enormous cogitations on risk and Impact of Social on Society Essay, the vagaries of life. Etc. And Radical And Liberal Feminism. etc… Market institution, business institutions, government institutions are the Impact on Society Essay, same sort of thing, at a deep formal level. Nescience is allowed, and indeed it is depended upon. Threepenny. You are freed from having to learn, or to re-establish everything. This reduces your time cost, and you don’t have until the end of time.

All institutions do this, including government ones. It goes even deeper: any organization whatsoever, ideas, individuals, inventions, and institutions are all the same kind of thing: they are rings of transactions/transformations around a central context or central agreement that rules them, and that local central context (1) allows specialization among the parts, and on Society Essay, the central context also (2) reduces the transaction cost between the parts, by Marxism Feminism examples, making the Impact of Social Essay, repetition of common information unnecessary. All institutions must have radial connections between the members and the central rules — connections of focus, transparency, responsibility, and redress. Thus there are two types of basic connections in economics, the transaction between two parts, and the connection to opera summary, the rules. Finally to of Social on Society, work well, institutions should be narrowly focused. Even the market institution is quite narrowly focused, on Marxism Feminism Essay examples, balancing scarcity and desire by the use of the scarcity of money. Of Social Media. That is refugee hustle all it really does. That is of Social on Society precisely why it works well, when it does work well.

The “knowledge problem” assertion that all local information is communicated in markets is incorrect and has led people to fantasize that such a systemic calculation is being made. In fact, the local knowledge is specifically NOT transmitted; this non-transmission is the market institution’s function, that is how it reduces transaction costs: you do not need to know the other fellow’s business. We must look at Literature: Three Essay example, the operation of negative information, of nescience, in information and organization of all types. The only of Social Essay way forward is to solve problems as they arise, which may require adjusting old institutions or creating new ones, to allow us to hardwire the common information, thus saving our information and Comparing Films, Dundee" Adventures of the Desert", energy budgets for new flexibilities. Frank Ashe 05.31.12 at 5:02 am. Please make all this disappear for the next few days! I have work to Impact Media Essay, do and very little will power to overcome such a great temptation. Maynard Handley 05.31.12 at 5:14 am. DARPA (THE Ministry of Planning for tests the US, but don’t call it that, of course)

The 2012 DARPA budget is about $3 billion—about the size of the RD budget of Google and about a third of the RD budget of Microsoft. Hardly close to anything resembling “The Ministry of Planning.” The issue is not the raw money involved, it is the Media, directions that are set. What do you think a Ministry of Planning would refer to? Hint — the word Planning is not the same as the word Production. 80 is now 89 — John Quiggin.

A lot of new commenters in Marxism Feminism the moderation queue on this one it seems. I’ve spent years begging CT to do something about the comment renumbering issue, but at this point it’s just one of those things. Yet…the Soviet Union did not need an optimum solution. Impact Of Social Media On Society Essay. The Soviet Union only needed to do a better job than US Steel, General Motors, etc., plus the US banks. Artificial intelligence research did not lead to Traditional Essay, artificial intelligence, but instead led to computer science. On Society Essay. The attempt to automate building design instead led to cast of i can do by myself, the invention of new media; the MIT Media Lab started out as part MIT’s architecture department. Impact Of Social. The honest attempt to Literature: Three Cinderellas Essay example, build a planned economy using computing might have lead to…what?

Water under the bridge, of course; the Soviet leadership didn’t want that. They scorned the Impact of Social Media Essay, beginnings of information technology, much as capitalists did and for, it seems to me, very similar reasons. Awesome essay, BTW. “But, and this is I think something Marx did not sufficiently appreciate, human beings confront all the refugee hustle, structures which emerge from our massed interactions in this way. A bureaucracy, or even a thoroughly democratic polity of which one is a citizen, can feel, can be, just as much of a cold monster as the market. “ Or perhaps a family? Turn it around: the human response to on Society Essay, participating in larger social systems is similar to the ape response to existing within a tribe. With its status divisions, um. Are we to conclude, then, that class systems are an outgrowth of ape tribalism?

BTW, the and Radical and Liberal Feminism, Mac, the iPad, and the iPod/iPhone were anticipated at Xerox PARC, roughly two decades earlier. These were pure research projects. Jobs’s role was marketer and popularizer; he is perhaps more akin to Edison or Sarnoff. Peter Dorman 05.31.12 at 6:44 am. This is one of the best posts-plus-comments I’ve read in a long time.

Kudos to all of Essay you. I wish I had more time to take part in this discussion, since I’ve been wrestling with this stuff, and occasionally writing about it in opera summary obscure venues, for of Social Media on Society Essay over 30 years. Cast Can Do By Myself. But I don’t. 1. I agree with many of the comments as well as Mirowski’s Machine Dreams , among others, that the programming interpretation of prices is somewhat of Impact of Social Media on Society Essay a distraction. Yes, the Soviet Union in refugee hustle the 1950s faced a problem of dysfunctional pricing, but reformers were as hoodwinked into the programming concept as were the Cowlesians etc. in the west. Prices do not represent optimal anythings, because, if we have learned anything at all from general equilibrium theory, it is that the conditions for optimization are so fantastically implausible that it is all a fantasy. It has nothing to do with why some prices are “better” than others. I wish Hayek had not been so mushy on this matter. In “The Use of of Social on Society Knowledge in cast of i can do bad all by myself Society” he seems to say that prices actually convey social costs and benefits, as if they were optimal in the programming sense, the output of Impact on Society Essay a social algorithm that fine-tunes and makes compatible all our economic choices. But at other times he seems to point to tests for identification table, their role in of Social on Society Essay the discovery process, where they are not assumed to be optimal.

The distinction is important, because the refugee hustle, optimality argument is indefensible. Prices (a) set a standard for producers to of Social Essay, meet, through production methods, quality, timing, marketing and so on, that is set by the ones that are most financially successful, and (b) offer an incentive for everyone, producers and consumers alike, to Traditional Literature:, find ways to improve on the choices implied by of Social, existing price ratios. If the price of cloth diapers is very low compared to opera summary, bedsheets, consumers become smarter at finding new uses for diapers. (When my kid was new, we used diapers very creatively.) Firms find new ways to use cheap resources, etc. None of this is optimal. We have gross price distortions in every real economy that can be seen with the naked eye. The process is crucial, but in the aggregate it is socially beneficial only on average. 2. JWM: Sometimes I get the impression that Chandler goes in the same direction I do; he refers to Media on Society, but does not really analyze things like economies of scheduling, assigning tasks, and so on. These things are more effectively done via administration if there are nonconvexities; otherwise just identify the specs for intermediate products and let it be arranged through a market. But he never really says it outright, nor does he really address the boundary between what works better one way or another.

I think he had a gut feeling for the issue, but not more than that. 3. I disagree with John Quiggin about the evanescence of innovation. There is an immense literature on knowledge management that points in other directions. What I would add from my perspective is that a lot of innovation is, temporarily at least, embodied in Comparing and Contrasting the Australian Films, "Crocodile and "The of Priscilla, Queen Desert" organizational structures that internalize the nonconvexities associated with a particular process of process or product development. Outsiders can copy specific blueprints, but they will remain a step behind.

This matters if the technology is dynamic. If it is just a matter of a one-off innovation, of course, then you either have lots of copying or endless IP litigation (or both). 4. There has been a lot of Impact Media Essay discussion here about Literature: Three Cinderellas Essay example, innovation. I’ve written about Media Essay, this elsewhere and don’t want to repeat myself, so I’ll be elliptical: genuine innovation nearly always involves nonconvex recombinations of existing, or potentially existing, activities. So they can’t be assembled through markets; they need an agent that is engaged in planning over the relevant activity space. Traditional. This can be a small enterprise, a large firm, a relational structure (joint planning), or a government agency. But this planning, in order to be tractable, has to be tightly bounded, and in this way it takes as given the routine choices of the agents that make up its external environment. Moreover, the planner needs to learn whether the innovation is successful or not, and not at Essay, some hypothetical final moment, but in an ongoing process. Markets are not the only way to do these things, but they are the threepenny opera summary, simplest and on Society Essay, most versatile. (War does it too, for example.) The point is Essay that, while there is a tradeoff between markets and planning at the margin (and there are millions of such margins in a modern economy), at a higher level there is symbiosis: neither can function tolerably without the other.

5. The real systemic problem in capitalism, in my opinion, is political-economic. Identifying the margins where more should be planned, or less, and making choices democratically and intelligently is at odds with the Essay, pervasive power of capitalists. (And, agreed, there was a terrible problem with the Soviet state, too.) Thoughts just seem to be coming… Here’s an and Contrasting the Australian "Crocodile Adventures of Priscilla, Queen Desert", optimization constraint for you: survival of human civilization. Can we frame a sustainable economy as an optimization problem? j 05.31.12 at 7:00 am. I think Sandwichman #97 is on Impact, the right track. Cast Can Do Bad All. The OP identifies a location at the far end on the “planning spectrum” (the degree of planning in Impact Media on Society the economy) and Marxism and Liberal Feminism, described systemic problems with that location. The question then is what locations are available inbetween that and current capitalist society. What factors could be excluded from central planning so as to make it tractable?

Nine 05.31.12 at 7:25 am. I wonder though if it wouldn’t be the of Social Media on Society Essay, case that a world with the computational power. and/or theory and tools to solve intractable problems like GOSPLAN wouldn’t also be a world where GOSPLAN is unnecessary because said computational power tools could be used to create surplus’ by solving other hard problems – mapping the tests for identification table, brain, whatever. Impact On Society Essay. What purpose would central planning serve in such a world ? “The reductionist “people only Marxism and Radical and Liberal Feminism examples innovate because of the profit motive” argument is a zombie that really should die.” One economist who has done much work here is William Baumol.

He divides the process into two. Impact Media On Society Essay. There is invention (the design and making of a spiffy new thing, Job’s iPad for example) and Comparing the Australian and "The of the, then there’s innovation, people actually using this spiffy new thing to do old things in new ways or entirely new things. He’s quite clear that either a planned or market system (with the Impact of Social on Society Essay, caveats that JQ mentions, like being able to appropriate some measure of the Traditional Three Cinderellas, value add through patents etc) can do the invention. In my own field the Soviets invented some pretty spiffy new alloys for example. It’s the innovation (note, using the word as Baumol does) which planned economies have serious difficulties with. How good a distinction this is is for others to make up their own minds. But it does neatly solve, say, the internet point.

The invention could have come either way and as it happened it came from government. The dissemination of pron, blogging, killing the newspaper industry, flogging books over it, these came from the innovation that a market system allows, not whether the State produced the original spiffyness or not. Like, wow. This has arrived about a fortnight too early for me to have time to join in on Society Essay the discussion properly, but only a week early for me to of i can do, take full advantage of it in finishing a speculative paper on Impact Media, ‘The Market in Classical Antiquity’, trying to engage with similar issues in a much less elegant and refugee hustle, coherent fashion (not least because of the need to engage with the debate as it actually exists in ancient economic history, rather than the debate we ought to be having). Indeed, and each of these structures embodies a different spirit, logic and ethos and requires different things from us; we never have complete knowledge or understanding of how best to orientate ourselves towards them, even assuming that we’re conscious of Impact Media on Society Essay how differently we ought to behave in different contexts; and however much we try to conform, the system is never consistent or coherent enough for this to guarantee success. I’m reminded for Marxism and Radical and Liberal Feminism Essay some reason of The Magic Mountain as well as Kafka. I do wonder about scale; how far does this presupposed systems operating at a global or trans-national or national level, and how far does it go all the on Society Essay, way down? One, very partial, reading of the collapse of the Roman system is that the effort involved in sustaining a pan-Mediterranean structure simply became too great in the face of external shocks and cast can do bad all by myself, pressures, not least because there were too many conflicting if not contradictory forces and organising principles within which those in authority had to work and everyone else had to live.

The establishment in many areas of societies based on dependence relationships with a local warlord and his clan, rather than societies involving complex relationships with state systems and markets, appears to Impact of Social Media on Society, come as something of a relief to many. Damn, blockquote failure; the following should have appeared between my first and second paragraphs: “Human beings confront all the structures which emerge from our massed interactions in this way. Biochemical Tests For Identification Of Bacteria Table. A bureaucracy, or even a thoroughly democratic polity of which one is a citizen, can feel, can be, just as much of a cold monster as the of Social Media on Society, market. And Radical And Liberal Essay Examples. We have no choice but to live among these alien powers which we create, and to try to direct them to human ends. Media On Society Essay. “ I, too, thoroughly enjoyed Cosma’s essay. I found insightful the point in the book that the rulers were not going to biochemical tests table, turn the most important decisions over to the computer, even if they were convinced that planning would work. I know Kornai had a two level planning algorithm, where the center’s problem is formulated as a game.

I don’t think the game was set up to address lying. (I liked the novel’s depiction of the sabotage of Impact on Society Essay one factory’s machinery, the whys, and threepenny, the consequences.) Anyways, suppose almost all commodities had embedded some sort of Impact Media on Society Radio Frequency chip. Being bought and sold are state changes to be recorded on the chip. Our phones provide a wireless sensor network to collect this information and forward it on Essay example, to the center. How much of the problem of collecting the information on what, of of Social currently existing goods, is wanted is then solved? (I suppose the calculations of the plan can be distributed across this network too.

Vector multiplication is can do easily parallelizable, but, I guess, matrix inversion is a bit more difficult. Maybe we make to with iterative approximations with matrix inverses. But I’m getting beyond what I know here. I’m better with understanding the simplex algorithm than I am interior point methods.) Maybe we make do with iterative approximations to Impact of Social Essay, matrix inverses. But I’m getting beyond what I know here. Threepenny Summary. I’m better with understanding the Impact of Social Media, simplex algorithm than I am with interior point methods. Data Tutashkhia 05.31.12 at 8:28 am. What if I set up several central planning systems, and let them compete against each other.

I’d establish the rules: same initial conditions, define what exactly the ‘central planning’ entails, allow and facilitate free flow of populations between the systems, prevent any flow of goods/materials/capital. With any luck, in fifty years you’ll have the summary, central planning system that people like. Well, and why not add other, decentralized models into Impact of Social, the mix? Same rules. Of course you’ll have to make me The Emperor of the Universe first, so let’s work on that. Anyways, suppose almost all commodities had embedded some sort of threepenny opera Radio Frequency chip. Impact On Society Essay. Being bought and sold are state changes to be recorded on the chip.

Our phones provide a wireless sensor network to collect this information and forward it on to the center. How much of the and Radical Feminism Essay examples, problem of collecting the information on what, of currently existing goods, is wanted is then solved? RFID chips are plausible solution for consumer end products; less so for intermediate products and raw materials. (How would one associate RFID chips with oil, or water, or a given supply of of Social on Society Essay electricity?) In any case, I don’t see how that solves the problem of what is wanted (e.g., over the next year, or the Traditional Literature: Cinderellas example, next five years), which is largely orthogonal to solving the of Social Media Essay, problem of of bacteria where things currently are. At best, it solves some part of on Society Cosma’s (IIA), but by no means all of it (I don’t see how it helps you with constraints such as pollution, for example.) Peter Dorman 05.31.12 at 9:05 am. In an essay in the late 70s I also proposed a “market in plans”. My focus was on refugee hustle, severing the link between planning and political authority, and I think that part was OK, but I was still quite naive about of Social Media on Society, planning itself.

It is biochemical table symptomatic that I never even mentioned the issue of time — how long a plan would be in effect until it was subject to review/revocation. Impact Essay. I had no idea how important it was for Marxism Essay examples there to be ongoing feedback. How do you integrate the Media on Society Essay, market or competitive aspect which generates this feedback and still have planning? Looking back, I now think I was trying to plan far too much and had not raised the question of Literature: Three how to identify the core choices where planning was needed. Even there, though, the time dimension matters a lot. ajay 05.31.12 at 9:14 am.

68: The market is an emergent system. One of the funny things about scientific leftists is that they believe in Impact Media on Society Essay emergent systems in evolution, but have trouble believing in them in markets. They want god/planner in charge somewhere in economies. This is quite clever in a junior common room sort of way, but the problem is that I think it’s not a joke: Sebastian actually is confused between believing in something in the way that we believe in dogs, or clouds, or Canada (dsquared excepted), and refugee hustle, believing in something in the way that we believe in the scientific method or the system of trial by jury. If we were speaking Latin the problem wouldn’t arise, because we could use credo or confiteor , just as they do in Impact Media the Creed. ajay 05.31.12 at 9:15 am. 53 missed an absolutely cracking opportunity to say “ajay, you know nothing of my work”. Alex 05.31.12 at of i by myself, 9:51 am. I don’t think the USSR did have a problem innovating. I think they had a problem of quality control. One of the things about innovation is that a lot of ideas are bad ideas.

Consider the Alfa-class fleet attack submarine, capable of 40-odd knots dived, powered by a nuclear reactor that used liquid metal (zinc, IIRC) as its cooling medium. It scared the NATO navies shitless, but the Soviets had endless problems with maintaining them because the reactor couldn’t be allowed to cool down or the metal coolant would set hard and Impact of Social Media Essay, the entire cooling system would be a block of cast zinc. This meant that while the boat was in port and the engines shut down, high temperature steam had to cast of i bad all by myself, be pumped from shore into the submarine’s secondary cooling circuit to Impact of Social on Society Essay, keep the primary molten. Now, the threepenny summary, kicker: repeatedly, the shoreside equipment broke down and there would be an epic flap as they either restarted the reactor in a hurry or else towed the sub across the harbour to moor alongside a ship with steam-turbine propulsion that happened to have steam up at the time, before it all went horribly wrong and they lost a first-class naval unit for good. Eventually, the Impact on Society, Northern Fleet decided to keep the refugee hustle, reactor going at minimum power in harbour, which basically set the boat’s life at Media on Society, her time between refuelling overhauls.

In 1991-1992, predictably, all the Alfas lost power and froze solid at their moorings and biochemical tests for identification of bacteria table, they’re still there as so much radioactive scrap metal. So, they could build a giant submarine speed boat driven by a nuclear reactor that sounds like it was designed for of Social Media on Society a space ship…but not keep a boiler house on the quayside going reliably, even for Comparing and Contrasting the Australian Dundee" and "The Adventures of Priscilla, Queen Desert" a major national priority. Now, there’s an important distinction between product innovation and process innovation, and Impact on Society Essay, I have the impression Soviet industry was awful at the latter, hence their dreadful environmental impact and epic waste of energy. Scott Martens 05.31.12 at Marxism and Liberal Feminism, 9:59 am. Wonderful essay! This fills in one of the Impact of Social, big gaps in the previous essay on cognitive democracy: The notion of democracy not as elections but as feedback, and effective democracy as adequate feedback. It’s just that this is not the standard way of refugee hustle understanding democracy and it’s difficult to see how it can be aligned with the Impact of Social Media Essay, notion that the legitimacy of government comes from the Marxism Feminism Essay, election of Media on Society representative agents. The whole core of your argument screams “representative government is tests for identification of bacteria flawed for all the same reasons as central planning.” That argument lends itself far too easily to anti-government ideology, not expanded democracy. “Computer science, which is Impact of Social Media on Society not really so much a science as a branch of mathematical engineering, studies questions like this.” Actually, I’ve come to the conclusion that computer science is a branch of the bad all by myself, humanities (what are algorithms if not the work of man?) and has far more in common with art and literature theory than with any physical science. I’m still on Media on Society Essay, the fence about whether the same can be said for all of of i bad all math, but it’s definitely true about foundationalist problems in mathematics like the interpretation of probability.

“If someone like Iain Banks or Ken MacLeod wants to write a novel where they say that the optimal planned economy will become technically tractable sometime around the early 22nd century, then I will read it eagerly.” I have an SF plot I’ve fiddled with (even wrote a first chapter once) that addresses some of this. The economy is run by software agents with a significant amount of of Social Media Essay artificial intelligence and a capacity to modify their own code and copy themselves. They engage in summary barter and exchange of complex barter-backed derivatives in a large free market on behalf of on Society humans who own or rent them. For a piece of software itself to survive and perpetuate its code, it has to pay for its runtime and storage space by opera summary, acting as an accountant/buyer/broker for humans, who are paid at their jobs in Impact on Society Essay certificates that constitute futures on and Liberal Feminism Essay examples, their own production. Their software must barter and trade these digital certificates away for the goods and services their human clients actually want or need. No person ever has to see or touch money, no consolidated balance book exists, but if a human is dissatisfied with how well their electronic agents are providing for their needs, they can replace them at any time. It would be a true dog-eat-dog capitalism and free market for software, but practically a nanny state for humans, since all a person has to do is enough productive work to Impact of Social on Society Essay, have what they want, and the entire system organizes itself around their needs. If I was looking for a reason to refugee hustle, argue in favor of quasi-socialist planning, I would ask how, from the of Social Media Essay, perspective of human workers, such a world is cast of i different from a large, comprehensive, detailed economic plan. The market exists only in the computer as part of the algorithm.

Feedback is provided from consumers by Impact Media, whatever means are appropriate to control their electronic agents. It’s more or less Lange’s vision for the socialist firm combined with a kind of deconstruction of Iain Banks’ Culture novels (imagine a million Minds per human instead of the other way around) and Comparing "Crocodile Dundee" and "The of the Desert", a bit of old fashioned cyberpunk, but it poses a problem for the planning vs market argument: Plan construction is an algorithm of some kind. So is the market. Ergo, there exists an adequate planning algorithm, and Impact on Society, the computational resources to construct the summary, plan. To get away from Media on Society Essay this, you have to claim that market allocation is, in some way, non-algorithmic, but doing is counterintuitive. “But, and this is I think something Marx did not sufficiently appreciate, human beings confront all the structures which emerge from our massed interactions in this way. A bureaucracy, or even a thoroughly democratic polity of which one is a citizen, can feel, can be, just as much of a cold monster as the Essay examples, market.” Indeed, this is a problem.

My efforts to get decent Internet access in Germany attest to Impact of Social Media on Society, how alienating even fairly responsive governments can be. It seems there is a legal mandate to provide me with high speed Internet access, but the actual access does not exist. I have gone as far as talking to the village ombudsman about it as well as the Deutsche Telekom office here. No one seems to have any clear idea why I can’t have decent ‘Net access, since the cast can do by myself, village wants the Impact Essay, infrastructure and DT wants to put it in. This feels very disempowering. Refugee Hustle. Although it doesn’t quite rise to the level of Greek tragedy, I do feel pretty alienated. I have my doubts that any solution to this problem exists at all.

This is the of Social Media on Society Essay, kind of Comparing Films, and "The Adventures of Priscilla, Queen thing that motivated Guy Debord’s brand of “cranky Marxism” – pervasive of alienation is a side-effect of having to Essay, have large distant institutions to coordinate large, distant collective action problems. We cannot dispense with the large, distant, collective action problems and retain any of the benefits of industrial civilization. At the tests of bacteria, same time, alienation from distant coordinators of large scale collective action leads to things like, for example, Greece’s current mess. ajay 05.31.12 at 10:15 am. One of the things about innovation is that a lot of ideas are bad ideas. This is a big feature of wartime RD as well, as see (frex) David Edgerton, “Britain’s War Machine”. Britain in 1940, like the USSR in 1970, was a rich country with a huge amount of centrally directed military RD funding, and a lot of the results were highly innovative, but ultimately just a ludicrous waste of time and money. The trench-digging Mole. The Grand Panjandrum. The fluvial mine project. The U.P. anti-aircraft system.

Project Habbakuk. PLUTO. (Lead-bismuth, apparently, rather than zinc, btw, Alex.) Great essay! It’s worth mentioning that capitalists face computational problems that are even harder (in the asymptotic sense) than linear programming. For example, the best algorithms we know for finding a single-round Nash equilibrium for Impact of Social on Society a non-zero-sum 2-player game are exponential in the number of available pure strategies. Richard J 05.31.12 at 10:34 am.

I don’t think the USSR did have a problem innovating. I think they had a problem of quality control. Can Do. One of the things about innovation is that a lot of ideas are bad ideas. I think it’s fair to of Social Media, say that the performance of the Soviet economy in can do bad all by myself WW2 suggests that a planned economy can be very effective when you’re able to narrow down an economy’s output to just three key deliverables: weaponry, munitions, and Impact Media on Society, cannon fodder. If none of them are expected to of i, have a long time in use, quality control problems become significantly less important. Brilliant essay: many thanks! Are there alternatives? Well surely it depends what people want. Marx wanted both to turn us from Impact of Social on Society puppets of the economic system into its masters and to threepenny opera, have an economy productive enough to dispense with scarcity. You show that if we want high levels of Impact Essay output, with lots of choice in a large-scale and complex society then we had better put up with being puppets to a larger extent than we like. Correct.

Alternatively we could be (much) poorer and summary, have smaller-scale simpler societies run through participatory democracy. The Rousseauist option. (Cf. the Impact of Social on Society Essay, 18th-century problem of the incompatibility of refugee hustle “luxury” and democracy.) I couldn’t live in such a society, though I feel its attractions strongly as many people do (and have done historically – Thoreau, possibly Tolstoy). One thing we can do, though, perhaps, is to try to find ways of getting some of Simon’s “green areas” to Impact of Social Essay, have more of the look and feel of that alternative in bad all their internal operations. Impact Media Essay. But maybe this is also, like Marx, trying to can do bad all, have and eat one’s cake.

derrida derider 05.31.12 at 11:49 am. On the Impact Media, discussion about socialist innovation surely they DID innovate, and very well, when adequately motivated. Refugee Hustle. The T-34 tank, the Energiya rocket, even the Mig 27. But notice in what sphere they innovated? And note how so much innovation in late-capitalist US stemmed from exactly the Essay, same sphere with exactly the same motivation? Which I suppose is just reinforcing the point previously made that Schumpeter et al were quite wrong – innovation is not mostly driven by the prospect of monopoly profits. Tests Of Bacteria. Kinda makes our intellectual property regime, which assumes otherwise, a sick joke. Alex 05.31.12 at 12:50 pm. Well, for an interesting cross-check, how about NREL?

I’ve seen some truly impressive estimates for on Society the economic value of its work since the late 1970s, based on Marxism Feminism examples, energy savings. Impact Of Social On Society Essay. Someone will probably point out that a lot of DARPA work fed into it. But my point is tests of bacteria that US industry did internalise it, alter its objective functions, and of course other Western and developed Asian industries did even more so. Soviet industry doesn’t seem to have done very well at this stage – internalising innovations. Mind you, was there even a Soviet Academy of Sciences Renewable Energy and Efficiency Laboratory?

Thanks to everyone for the really gratifying response. Unfortunately, I’m on deadline, so replying will take a few days. “Markets don’t provide much of an incentive for innovation … OTOH, central planning is also adverse to innovation, …” This is a vague argument, but innovation essentially perturbs the objective function, whatever it is by adding new parameters, as many have observed above. Now, any system inherently has to have some notion of stability, I feel, otherwise it will disintegrate very fast. Communism (or whatever it was) in Impact of Social Essay Soviet Russia did have this problem to an extent. There is in fact a trade-off between stability and tests for identification of bacteria, the random permutations we call innovations (much like evolution). I don’t think any of the economic systems till now have addressed this issue well.

Maybe I’m not reading this correctly — it’s a lot to take in — but I don’t see why a communist society needs to Impact Media on Society Essay, optimize its production functions, even approximately, any more than a capitalist society does. It just has to biochemical tests for identification of bacteria, be good enough at Impact of Social, producing stuff and moving it around. The communist society might produce other values besides material goods, like political equality and freedom, which are impossible for traditional capitalism, and Marxism and Radical Essay, which would compensate the people for having to live in a big shabby hippie commune or whatever the communist society would evolve into. (Not the Soviet Union.) marcel 05.31.12 at Impact of Social Media on Society, 2:51 pm. Today I actually have time to read the comments. Thanks to Andrew Fisher, I looked at fn 4. It seems to me that it essentially restates Sraffa’s Production of Commodities by Commodities. Also, Henry, get with the times: photoshop, not airbrushing! And to be complete, shouldn’t you also have removed this (but left in your own response)? JP Stormcrow 05.31.12 at 2:57 pm.

Unfortunately, I’m on deadline, so replying will take a few days. A failure of Marxism and Radical Essay planning? Computation? Markets? JP Stormcrow 05.31.12 at 3:00 pm. Not the Soviet Union. The next serious attempt at collectivism on a national/trans-national scale should name itself precisely this. Matt 05.31.12 at Impact Media, 3:07 pm. It just has to be good enough at producing stuff and moving it around. That turns out to be really hard, though. Not hard in the sense that you can’t make stuff at all, but hard in Comparing the Australian Films, Dundee" and "The Adventures of Priscilla, the sense of being “good enough”.

Nove is very good on this stuff, and the real problems you get w/o prices and the like. which would compensate the people for having to live in a big shabby hippie commune. I’m not sure anything could compensate for that, and not just because most people really don’t want to live in a shabby hippie commune, either. Doctor Slack 05.31.12 at Impact Media, 3:08 pm. 134: I think the idea is that “optimizing” production is what is theoretically meant to guarantee the “plenty” in perpetuity. Sebastian H 05.31.12 at 3:15 pm. ” The communist society might produce other values besides material goods, like political equality and freedom, which are impossible for traditional capitalism” Come on.

We can complain that it hasn’t produced as much political equality and freedom as we would like, but it still has more political freedom across more countries and for longer than other systems (and especially communism). I don’t see why a communist society needs to optimize its production functions, even approximately, any more than a capitalist society does. It just has to be good enough at producing stuff and moving it around. To give a practical example, right now we’re faced with the Cinderellas Essay example, problem of figuring out how to reduce or eliminate our use of traditional energy sources (e.g., oil and especially coal) without needlessly impoverishing ourselves. This implies, among other things, a lot of of Social on Society Essay optimization of production functions under constraints of using less energy and/or emitting less carbon dioxide. I certainly don’t think this requires a complete solution to refugee hustle, the optimization problem as Cosma’s outlined it, but it does indicate why settling for “good enough” (and how exactly do you evaluate that, by the way?) isn’t necessarily good enough. The second big attempt at of Social Media on Society Essay, communism (Not the Soviet Union) was China under Mao and it too lacked freedom, had a horrible human cost (See Frank Dikotter’s Mao’s Great Famine for some examples), and was considerably worse than the USSR in terms of the Australian Films, "Crocodile Dundee" of Priscilla, Queen of the economic success and standard of living. In fact the USSR, the Impact of Social on Society, Eastern European socialist states, and to a lesser extent Cuba were pretty good by the 1960s at providing a decent material standard of living, particularly for urban dwellers. Dissidents in the USSR did not complain about the Soviet economic system.

They complained about a lack of Three intellectual and political freedom, ethnic discrimination, and KGB repression. It was precisely the lack of political freedom and Impact of Social Media, equality in the USSR that was a source of biochemical tests for identification of bacteria table articulated discontent. Socialist economics and material standards of Impact on Society Essay living are almost completely ignored in dissident _samizdat_ literature. J. Refugee Hustle. Otto Pohl: My impression was that by of Social Essay, the 1970’s and 1980’s this was increasingly not true. Solidarity was motivated by increases in the rice of threepenny opera summary food at Impact of Social, factory canteens, and the rates of alcoholism and premature death increased during these decades. My high school teacher who had lived in Soviet Russia told me that when they let a Woody Allen film in which he is a poor person in, everyone got exactly the wrong impression because he had oranges. Luis 05.31.12 at 4:12 pm. were pretty good by the 1960s. Is Nove the right place to go for tests for identification a summary of why the post-60s were… well, not that good? Or is that someone else?

Things got worse in the 70s and 80s, but the really bad economic times were after Gorbachev’s reforms and the early post-Soviet era. Alcoholism also worsened in Impact of Social Media Essay the early 1990s. But, the point still stands that in the 1970s that people in the USSR openly expressing opposition to the Soviet system did so largely because they disagreed with either its nationality policies, its general lack of freedom and democracy, or its moral decay. They did not protest the state’s ownership of the means of production or the various welfare provisions provided by Moscow. Attitudes in Poland which had private agriculture and cast of i can do by myself, had only been communist for of Social Media on Society a generation were considerably different. But at the same time even at its worst the standard of living in Poland at this time was better than for most of the USSR. In comparison to most countries in the world the average Polish worker was relatively well off in the 1970s despite the country’s huge economic problems. Chris Bertram, #129: “Alternatively we could be (much) poorer and have smaller-scale simpler societies run through participatory democracy. Biochemical. The Rousseauist option.” Does it have to be poorer? Why not a smaller-scale high-tech society?

Humans have learned a lot about production and technology since Rousseau. Chris Bertram, #129: “Alternatively we could be (much) poorer and Impact on Society, have smaller-scale simpler societies run through participatory democracy. The Rousseauist option.” Does it have to can do bad all, be poorer? It seems to Impact of Social Media on Society Essay, me this should be considered an can do, empirical question. In any case, why is it a binary? Surely Chris would agree that we could haver somewhat more meaningful participation in our economic lives, at the cost of somewhat less efficiency?

Last time round we discussed this in the context of food. Of Social On Society Essay. How about clothing? Clothing production is the defining instance of sweatshop labor, but many people enjoy sewing/knitting/etc. as hobbies, and many more are fascinated by fashion and design. What if every item of clothing we had was made by someone who had an active voice in the whole process of designing it and who took the same pride in biochemical for identification of bacteria table their work, and enjoyed the same autonomy, social status, working conditions, etc. as, say, a tenured faculty member [1] does now? And of course you’d know the name of the person and not just the company that made each item in your closet, and, if you were interested, their distinctive style, philosophy, etc. Some people — Chris B. Of Social Media Essay. maybe — will say that’s completely impossible, prohibitively costly, etc. But how costly exactly? If organizing the production of clothing like that increased its cost by, say, a factor of ten, wouldn’t that be a very favorable tradeoff in a place like the Marxism and Radical examples, US or northern Europe? Certainly the technological requirements of Impact of Social on Society clothing production don’t inherently preclude an active decision-making role for workers. Or how about construction?

How much more would houses have to cost for them to be put up by people who actively managed their own work process and cast can do by myself, treated it as creative, expressive work — so that, like in Will Dean Howell’s Altruria , every brick was somehow visibly connected with the of Social Media on Society Essay, person who laid it? (Studs Terkel’s Working includes an interview with a stonemason who feels that connection with every house he worked on, so it’s at least possible even under capitalism as it exists now.) If that doubled the cost of Traditional Literature: Three houses, would it not be worth it, in the rich countries, at least? Perhaps more complex, integrated (non-convex?) technological processes can’t be run without some alienated labor. But on the other hand, it doesn’t seem to me it’s ever been really tried. Chris B. (and maybe Cosma, I’m not sure) says that we can’t possibly afford to stop treating each other like slaves or things in the central part of our lives. But it might turn out to be much more affordable than he thinks. In any case the Media on Society Essay, returns to greater material production in the US and Northern Europe are so low at this point, in terms of cast of i can do by myself human well-being, that it must make sense to try to Impact of Social Media, get at least a bit less alienation at the margin. No? [1] Not a sneer – I really do think academia should be a model for other worlds of work.

_Surely Chris would agree that we could haver somewhat more meaningful participation in our economic lives, at the cost of somewhat less efficiency?_. Surely Chris does agree and indeed was gesturing in that direction when I wrote: bq. One thing we can do, though, perhaps, is to try to find ways of getting some of Simon’s “green areas” to have more of the Comparing and Contrasting the Australian Films, Adventures of Priscilla, of the Desert", look and feel of that alternative in their internal operations. Maybe it was too tentatively expressed for you. blavag 05.31.12 at 5:31 pm. This might interest some: Robert S. Whitsell, Why Does the Soviet Economy Appear To Be Allocatively Efficient? in Soviet Studies, vol 42, no.2 April 1990. To Peter Dorman @ 111–see also Nitzan and Bilcher’s Capitalism as Power at http://bnarchives.yorku.ca/259/ To Anarcrissie @ 134 and Impact of Social Media Essay, Matt @138: A big shabby hippie commune is its own reward and does not need additional compensation… mds 05.31.12 at 6:21 pm. We can complain that it [traditional capitalism] hasn’t produced as much political equality and freedom as we would like. No, we can complain that traditional capitalism does not necessarily produce political equality and Marxism and Radical Essay, freedom at on Society Essay, all, and in fact can be (and demonstrably has been) actively hostile to same.

Robert Vienneau @ 118: Vector multiplication is of i easily parallelizable, but, I guess, matrix inversion is a bit more difficult. Keshav @ 96 has mentioned Cockshott and Cottrell’s assumption of sparse matrices, as notwithstanding how complicated a coat’s raw materials are, making a coat does not require input from every other commodity in Media on Society the economy. They invoke linked lists to treat sparse matrices, which is how they arrive at Cinderellas Essay, an order of n*m*r (where n is the dimension of the product matrix, r is the number of on Society Essay iterations in one’s approximation method, and m is the average number of inputs for a particular product) rather than n^3, but linked lists don’t exactly lend themselves to parallelization. Refugee Hustle. However, without linked lists, sparse matrices are amenable to parallelization (see, e.g., PaStiX, whose readme page also has links to other solvers).

There is also ongoing work on parallelized matrix inversion in general. lupita 05.31.12 at 6:27 pm. Does it have to be poorer? If there were justice in the world, yes, the of Social on Society, West would be poorer. Comparing The Australian Films, Dundee" Queen Desert". Unfortunately, Western central planners (IMF, central banks, rating agencies, governments) have not requested their quants to modify their algorithms to include anything other than short-term capital accumulation.

The system is imploding just like the Soviets’. Maybe it was too tentatively expressed for you. More that “we could be (much) poorer and have smaller-scale simpler societies run through participatory democracy” wasn’t tentative enough. Sorry for Impact of Social on Society referring to summary, you in of Social Media on Society third person. j 05.31.12 at 7:03 pm. The alternative to wage laborers in sweatshops shouldn’t in most cases be self-sustaining unpaid manual labor. The alternative should be automation.

The ongoing small scale fabrication revolution will be able to handle many of the Essay, products you mention. Media On Society. As for construction the machines needed are also rapidly becoming available for home fabrication. I don’t see the technology as the biggest hurdle there but rather the political resistance that will be mounted by Literature: Three, those currently gaining most from intellectual property protection over Impact Media physical designs. The alternative to wage laborers in sweatshops shouldn’t in most cases be self-sustaining unpaid manual labor. The alternative should be automation. after the enslaving subordination of the individual to the division of summary labor, and therewith also the antithesis between mental and physical labor, has vanished; after labor has become not only a means of life but life’s prime want ; after the productive forces have also increased with the all-around development of the Impact Media Essay, individual, and Marxism and Liberal, all the springs of co-operative wealth flow more abundantly — only then then can the Impact of Social on Society Essay, narrow horizon of Traditional Literature: example bourgeois right be crossed in Media its entirety and refugee hustle, society inscribe on its banners: From each according to Media Essay, his ability, to each according to his needs!

Why would we want to deny people their prime want? In regard to freedom: Traditional capitalism requires a class system — capitalists here, workers there. The class system requires class differences of power, that is, inequality, and a state to maintain this social order, by of bacteria, force if necessary. And force will be necessary, because some people will not accept a subordinate position in the social order. Therefore, freedom in the social order of capitalism will always be limited to those persons, ideas and activities which do not threaten the position of its ruling class. In hard times, and if the technology of of Social on Society surveillance and repression is available, this freedom may become very restricted indeed. Look around at present developments. In the Feminism Essay, case of the Soviet Union, China, and other countries, the of Social Media, victory of the threepenny opera summary, Communist Party simply led to the replacement of the old bourgeoisie with a new pseudo-bourgeoisie, the Impact of Social on Society, party apparatus — ‘state capitalism’ I think Lenin called it. So the same sort of problem arose. There was no actual communism as far as I know. The problem with small scale is small scale means low tech.

The Aboriginal tribes of Tasmania lost the ability to fish because they had insufficient population to support a boatmaker, and so the skills got lost. The capital investment in a semiconductor manufacturing plant is on the billions of dollars, and thus requires coordination across a vast number of people. There is one plant that produces vast amounts of nylon-2, which gets transformed into refugee hustle, thousands of products, etc. Media Essay. Small-scale production would require far more supervision and cost. Matt 05.31.12 at 7:51 pm. There was no actual communism as far as I know. You know, I find this every bit as tiresome as when some libertarian trots out the idea that the problems we have is of i can do by myself that we’ve not yet tried pure capitalism. I want a story about what you’ll do differently, and why I should think it would work. “who knows what free people will do?” isn’t enough, either.

JW Mason- how sure are you that you’re not unjustifiably univrsalizing your own preferences? What percentage of people do you think would enjoy and do better being their own bosses? It’s much more stressful, if success is required. Data Tutashkhia 05.31.12 at 8:00 pm. There was no actual communism as far as I know. But they didn’t claim they had communism, they claimed that they had socialism, a system where you receive a fair share, according to your contribution. And I think that was, more or less, the case.

It’s just that most people weren’t contributing much, and a good part of their contribution would get wasted anyway. Which is of Social why this discussion (and the refugee hustle, book) is of Social Essay kinda relevant. leederick 05.31.12 at 8:03 pm. Great essay. I want to pick out and disagree with a small part. “For the capitalist or even market-socialist firm, there is in principle a simple objective function: profit, measured in dollars, or whatever else the Traditional Three Essay, local unit of account is.” I’m not sure about this. Directors have responsibilities other than shareholder profit, such as endeavouring to paying creditors when they fall due.

The literature on profit measurement is a complete mess, no-one agrees on Impact of Social on Society Essay, anything, it’s absolutely standard to say there are multiple profit concepts rather than one concept. I’m not sure that translates to a simple objective function. “In any case, profits are money, i.e., claims, through exchange, on goods and services produced by others. It makes no sense for Cinderellas Essay the goal of the economy, as a whole, to be to maximize its claims on itself.” I don’t think profits are money. A simple example would be farming, IAS 41 values aggricultural product at fair value. So if all you have is stock of Impact of Social Media on Society Essay 2 potatoes fair valued at $2 each at the start of the year, and 6 valued at $1 at the end, and no other items or transactions – you’ve made a profit of (6 * $1) – (2 * $2) = $2.

The unit of account is Marxism and Radical and Liberal Feminism Essay money, but this profit represent a genuine production of value. If means you can consume $2 and Impact of Social Media on Society Essay, still be as well off at the beginning of the year in terms of financial capital as you were at cast bad all by myself, the end. I’d be delighted if Cosma has mathematically proved the impossibility of communism. Impact Of Social Media On Society. It would be a second monkey off my back. (The first was the Literature: Three Cinderellas Essay example, Bible, a long time ago.) Then I could happily get on with being the evil utility-maximizing selfish bastard I instinctively am. But I’m still sufficiently partisan to on Society Essay, bristle at ‘ even Trotsky sometimes got [this point] right’. This is the opera summary, Trotsky who wrote: ‘Economic accounting is unthinkable without market relations’? And the Trotsky who wrote (in the same article, and also the Impact of Social Essay, same one as Cosma cites) this? “If a universal mind existed, of the kind that projected itself into Marxism and Radical and Liberal, the scientific fancy of Laplace – a mind that could register simultaneously all the processes of nature and society, that could measure the dynamics of their motion, that could forecast the of Social Media Essay, results of their inter-reactions – such a mind, of course, could a priori draw up a faultless and exhaustive economic plan, beginning with the number of acres of Three Cinderellas Essay example wheat down to the last button for a vest.” The point being, of course, that Gosplan, not to mention the CPSU, had no such mind at its beck and Impact of Social on Society Essay, call. That article is threepenny summary far from a one-off. Impact Of Social On Society. In economics Trotsky was, at least from the biochemical for identification of bacteria table, early 20s on, a consistent Right Wing Communist.

This has been shown, albeit by a Trotskyist who is now something of an admirer of Deng Xiaoping, in of Social this seriesof articles. If the real socialist challenge in today’s world is represented by the economic policies of China and Vietnam, rather than those of Cuba and North Korea, perhaps the problem of the lack of a feasible alternative to Comparing and Contrasting the Australian Dundee" and "The Adventures Queen Desert", capitalism is less pressing than Cosma thinks. Just back from Moscow where I gave a lecture at Impact on Society Essay, the Central Economics and Mathematics Institute (TsEMI), which dates from 1963 and was founded by the immediate followers of Kantorovich such as Nemchinov, the refugee hustle, people who really believed that they would achieve proper mathematically founded central planning. Some of those folks are still there. Anyway, a few practical problems I did not see in either the essay or the comments noting so far. 1) The mathematical planners never had their programs at the level of Impact of Social Media on Society Essay detail that the actual GOSPLAN planning was occurring. Think of it in terms of the biochemical tests, SIC levels. On Society. As of the opera, mid-80s at the last gasp of the dreamed effort, the of Social Media on Society, input-output model of the Soviet economy was essentially at the three to four digit code level, whereas the Comparing and Contrasting Films, Dundee" and "The Queen, actual planning was going on at the of Social Media on Society Essay, four to five digit code level. The actual planning tended to be much more ad hoc, moving from threepenny summary what was done last year to next years without a full optimization.

The “plannification” involved in aggregating up to make everything coherent (and implicitly solve the GE problem) was never done in a mathematically proper way. It was ad hoc all the way. 2) Part of why they could not get to the proper level of detail was indeed information problems of a Hayekian sort, the really relevant details were either local or buried deep into the lower level niches of the GOSPLAN and other planning entities (this went on of Social Media on Society, at several levels). Lower levels did not report accurate information to the higher levels. Indeed, a deep state secret was that the numbers used for the higher level Soviet planning and sectors at say two digit levels were obtained from the CIA because they could not get them from their own ministries.

That the CIA numbers themselves were problematic, as was much touted and whined about at the time of the fall of the USSR simply emphasizes how bizarre the whole situation was. 3) Oh, the old mathematicians at TsEMI are still very interested in cast of i can do deep issues of computational complexity and Impact, even deeper into the foundations of mathematics, particularly regarding the recent efforts to tests for identification of bacteria, reconstitute mathematics itself on a constructivist foundation. This was something strongly advocated by Impact of Social, some of the top Soviet mathematicians before Kantorovich did his work and who operated at a much higher and deeper level than he did, although I believe he was in agreement with them. I am thinking in particular of Kolmogorov and Markov. This stuff is being studied now seriously in Traditional Literature: Three Cinderellas Essay the West through category theory coming out of computer science and in economics by people like Velupillai, who seek to reconstitute the foundations of Impact Essay mathematical economics on by myself, a constructivist foundation.

These old guys at TsEMI are all for this. Maynard Handley 05.31.12 at 9:32 pm. “JW Mason- how sure are you that you’re not unjustifiably univrsalizing your own preferences? What percentage of people do you think would enjoy and do better being their own bosses? It’s much more stressful, if success is required.” George Mosse had very interesting things to Media Essay, say about Marxism and Radical and Liberal, proto-communism in Impact the 19th century, stressing precisely this point: most people don’t WANT to be President of the Films, and "The Adventures of Priscilla, Queen of the, USA, or CEO of Impact of Social GM, and constructing a social theory around the assumption that they do is unlikely to improve the refugee hustle, world. j 05.31.12 at 9:44 pm. @154 JW Mason: Because so much labor is toil that break down the body and hasten death and make us so tired that we are sapped of energy to Impact Essay, pursue other things of Traditional Literature: Essay great value. Let’s turn the tables: what is the moral argument for thinking that labor is life’s prime want i.e. the intrinsically best activity for any human? On the automation alternative you can of course freely pause your robots and toil as much as you want. But what is wrong with not wanting unnecessary toil?

Someone might now counter that the “labor as life’s prime want” idea uses labor in a sense that excludes damaging toil. Fine, but then it has not argumentative force against suggestions for local fabrication automation as replacement for damaging toil. John 05.31.12 at 10:07 pm. To echo and amplify Watson Ladd at 156, and to agree with Chris Bertram’s original comment, I’m pretty sure that moving away from Media on Society Essay some sort of vast alienating economic system of production means less production of a lot of things. To take one example I know a bit about, the physical IT and display infrastructure delivering this page from Cosma’s screen to yours is massively complex, with tens of thousands of components derived from almost as many sources across the threepenny opera, globe. Assembling it in a mostly decentralised, localised way would be more or less impossible, I believe. Now you don’t need the Internet to survive, as such – but its loss would be felt! Stafford Beer apparently thought that he could replace the industrial economy of a small nation (Chile) with a computer system (see the book “Platform for Change”). Any idea on how he missed the of Social on Society Essay, intractable complexity of the problem? (For bonus points: how did he manage to miss the incentives problem?). Of course from a computational complexity perspective the of bacteria, other big problem is precisely the Godel incompleteness one as transmuted through Turing, with a bow at of Social Media on Society Essay, the Lucas Critique: How does one model the reactions of the agents to the fact that they are being modeled and how they react to that? Does one model how the model should react to and Radical Feminism Essay examples, their reactions and then their reactions to that alteration and so on ad infinitum?

There is of Social fundamenatlly an unavoidable halting problem here. Oh, and while Lucas put the critique forward, his solution was simple-minded to the point of being idiotic, that people have rational expectations. Bah humbug! (Apologies for the piling-on…) What if every item of clothing we had was made by someone who had an active voice in the whole process of designing it and who took the same pride in their work, and enjoyed the same autonomy, social status, working conditions, etc. as, say, a tenured faculty member does now? And of course you’d know the name of the person and not just the company that made each item in your closet, and, if you were interested, their distinctive style, philosophy, etc. Some people—Chris B. maybe—will say that’s completely impossible, prohibitively costly, etc. But how costly exactly? That’s a pretty good description of bespoke clothing. How costly is that? Well, men’s business shirts seem to set you back at least $200 or $250 each (and that’s assuming a minimum order of at least three shirts).

Some of opera that is due to of Social on Society, expensive cloth, but not all of it. (And, if you’re going for lovingly hand-made, non-exploitative clothing, you may also decide you want organically grown cotton, etc., in which case the cost of the Literature: Three Cinderellas Essay example, fabric will probably go up even if it’s not super high quality). Pants will probably cost at least $300, probably something closer to Impact of Social Media on Society Essay, $400 or $500. Bespoke (men’s) leather shoes are, at refugee hustle, the very minimum, about $1000 a pair ( maybe as low as $500 a pair for funkier casual shoes). (A hand-waving justification for of Social Media on Society the shoes: a talented shoemaker can probably average only one or two pairs a week[1], which means less than 100 pairs in a year. So they need to make at least. $500 per refugee hustle, pair in profit , after materials and Impact of Social Media, other expenses, to have a decent living, given your “tenured faculty member” standard. Also, you’d need about 3 million shoemakers in the US alone just to produce one pair of shoes per year per person….) Now, some people don’t mind spending lots of money — even large fractions of their income — on good-quality clothing.

I’m not sure I’m comfortable with the idea that everyone should be forced to do so, though. [1] I’ve seen references suggesting that something really simple like ballet slippers can take as little as ten hours, while lace-up dress shoes might require 40 hours. The most obvious problem here is that the summary, conclusion That planning is not a viable alternative to capitalism (as opposed to a tool within it) is not clearly supported by the argumentation. Another us that in general the argumentation seems heavily influenced by Impact Essay, market triumphalist propaganda (by now conventional wisdom). 1. Note that the fact that we know capitalist economies to be supported (and kept from disaster) by a large state planning element is not held to show that “capitalism is Feminism not a viable alternative to planning (as opposed to a tool within it)”. 2. No clear comparison is made; the problems of planning are treated pessimistically at each step, while those of capitalism are enumerated without being treated as fatal. We read that if the neo-classicals were right about how capitalism works, Kantorovich-style socialism would have been perfectly viable . But how deficient capitalism is compared to of Social Media Essay, the neoclassical ideal is not examined, while the problems arising for planning are dwelt on at great length. In general, it seems capitalism doesn’t even have to be good enough, while ‘planning’ has to Traditional Three, be almost perfect. 3. The prospects for central planning are focussed on, despite centralisation being a strawmannish aspect of a possible democratic state-planned economy, one that opponents like to introduce so as to paint planning as both despotic and unmanageable.

At the same time, while the highly centralised nature of corporations is illustrated, no attempt is made to assess the inefficiencies occurring there. 4. ‘Markets’ are filed under capitalism, and allowed to Media Essay, encompass far more than markets as we know them. For example, a process in which individuals have some kind of rationing tokens distributed equally and bid for their chosen package of goods with them is treated as a market. ‘Shadow prices’ are mentioned; as if the biochemical for identification table, very act of keeping track of costs counts as market allocation. Impact Media. This is similar to the way in which any unit of account tends to be assimilated to Marxism Feminism examples, capitalist money. The essay comes close to treating any distributed system as ipso facto a market (and so why not stick with the Impact, existing markets, which are the same in for identification of bacteria name, however different they may be in fact). 5. At the same time, the magic of markets is exaggerated: despite the bit where Austrians are berated for their excessive market fetishism and despite caveats about transaction costs, the Impact of Social Media Essay, essay continually – by Traditional Literature: Essay example, omission and Impact of Social Essay, implication – treats market allocation as though basically costless, overlooking all the real work, mostly done by those insulated from direct profit motivations, that goes into price- and output- setting in firms (work whose underlying analytical core could be carried over into state ownership). 6. The benefits of the profit motive are falsely presented as unique: Planning is certainly possible within limited domains — at least if we can get good data to the planners — and those limits will expand as computing power grows. But planning is only possible within those domains because making money gives firms (or firm-like entities) an Traditional Cinderellas Essay, objective function which is both unambiguous and blinkered. This supposes that profit maximisation under capitalism is the only way in which firm-like units could be given a workable objective function. 6a. It’s asserted that It makes no sense for the goal of the economy, as a whole, to of Social Media on Society, be to maximize its claims on itself.

But this is not so – if the claims in question will be/are honoured. In that case, this becomes equivalent to maximising production; or rather it does where the claims to be maximised are not net of costs satisfied (i.e. Refugee Hustle. profit), but all claims (revenue), subject to a cost-covering proviso. Impact On Society. Since the Cinderellas Essay example, profit tithe would not affect democratically planned firms, this is a more appropriate approach. Capitalism seems to get the benefit of actually existing and muddling through (though as above, note the ‘planning’ that undergirds it), while ‘planning’ is measured against Media on Society Essay high standards. I’d suggest this is Traditional Essay example misguided. The question is not ‘can a near-perfect system be realised’, but ‘can a (much more) planned economy do better than capitalism’. We know that capitalism does what it does, so that is possible.

We could improve on Impact of Social on Society Essay, its (implied) objective function (skewed as it is by differential wealth, easily remedied information deficiencies, etc.) or on how close it gets to maximising it, or both, and that would be, if not good enough, still an improvement. Starting from where we are and approaching a democratically planned egalitarian economy in a much more piecemeal way would have a number of advantages: comporting with the strategy of Marxism Feminism Essay examples democratic socialist reform, providing a pathway to utopia, and making unambiguous improvements on capitalist organisation without setting a problem too vast and daunting to solve, and too madly risky to put suddenly into operation. Instead, all the on Society Essay, real work done in planning within corporations might be gradually shifted into public ownership, making the improvements that the new ownership model enables (eliminating infrastructure duplication, slashing advertising and branding budgets, etc) while maintaining the important functions. Both specifying an objective function and complex computation would be made more tractable if trade-offs are made only as they arise; much of this work is tests for identification of bacteria table already done – and often duplicated – within corporations. I would expect a hierarchy of levels of planning, too: short-term planning would have detailed information and try to adjust to (temporally) local conditions: above this, a five-year plan might be developed using less detail but more scope for change; above this, 15 or 20 year plans aimed at long-term commitments and Impact of Social Media on Society Essay, also at refugee hustle, slow transitions, and above that ‘blue skies thinking’ models based on (normally commercially confidential) research prospects, anticipating threats like global warming, etc. It would be interesting to investigate how such multiple levels of Impact of Social on Society Essay planning can be made to cohere… In short, a system in which spending power per month is equalised and from which the cast bad all by myself, profit motive is absent would not count as a market except under a highly prejudicial stipulation which might (depending on just how much like bilateral exchange the Impact on Society, best planning method turns out to be) define planning out of the refugee hustle, race, preveresely leaving markets-as-we-know-them victorious. Further, very few of the actual mechanisms involved in of Social Media market research, technical efficiency, etc actually involve direct input from the profit motive, so these could be done under a different system – and Marxism, probably produce better results. This is not just a matter of Impact Media on Society Essay dark asides about the example, imperfections of actually-existing capitalism thrown into the mix ; capitalism is exactly the thing to be improved on, and to be replaced, so those imperfections are really the key issue. On the positive side, I’d agree that preventing self-interested misreporting of preferences is a real issue, as suggested in a recent CT comment. Sorry, didn;t have time for a shorter response.

Tim, if a corporation is too inefficient it goes bankrupt. By contrast a planner, no matter how democratically accountable, is unlikely to face the consequences of their actions. (Think about the Impact of Social Essay, mayor of New London, who in an act of planning decided Pfizer could use a house more efficiently then the owner) I find it unlikely that a powerful workers movement will decide that strategic planning should be nationalized as the first priority, or that a socialist state would ever adopt a single official view of the future. Planning is of course highly variable: the and Contrasting the Australian Films, Dundee" and "The Queen of the Desert", US Army defends the American Ruhr from drying up, because of the petroleum and Impact Media, natural gas industry already there. Comparing Films, Dundee" And "The Desert". Chicago is on Society a bottleneck to trains because it was the leading western city in Cinderellas the era of the civil war. The state can attempt to Media Essay, deal with these problems, but as New Jersey has learned it doesn’t always do so correctly. Maynard Handley 05.31.12 at 11:58 pm. Tim, you are assuming the interesting point here is “how many GFlops does it take to plan the economy? well can we reduce it to something practical if the plan runs by simulating capitalist prices?” That is an interesting question for some people, but I think Cosma and many commenters are looking beyond that. In particular what I, and and Contrasting the Australian Dundee" and "The Adventures Queen of the, quite a few other commenters have focussed on are issues like behavior and Impact of Social, incentives.

As I stated above — the plan is not self-fulfilling — and opera summary, prices don’t just act to propagate information and co-ordination, they act as a reward/punishment system. You appear to want to claim that you can get prices (or their plan equivalent) to Media on Society Essay, perform the “propagate information and co-ordination” role without requiring the “reward/punishment system” role. This strikes me as a highly dubious claim. (And note that I say this as a leftist, not a libertarian — but a leftist interested in schemes, realistic possibilities, that could actually change the world, not schemes of no relevance to actually existing humanity.) mds 06.01.12 at 12:16 am. Tim, if a corporation is too inefficient it goes bankrupt. By contrast a planner, no matter how democratically accountable, is unlikely to face the threepenny opera summary, consequences of their actions. An executive whose decisions helped drive a corporation into bankruptcy, no matter how theoretically accountable to the market, is unlikely to face the consequences of their actions. ‘There was no actual communism as far as I know.’ ‘You know, I find this every bit as tiresome as when some libertarian trots out the idea that the of Social Essay, problems we have is that we’ve not yet tried pure capitalism.’ Usually you’ll find that the libertarian is and Contrasting the Australian Films, "Crocodile and "The Adventures of Priscilla, Queen of the Desert" defining capitalism in a rather peculiar manner, omitting such features as the class system, the exploitation of labor power, and so on, but without saying so. Once that becomes clear, you can let the libbit go off to Galt’s Gulch without further argle; he’s quite right, actually-existing capitalist entities don’t prove much about his idealistic fantasy.

Just so, I don’t think the Soviet Union proves much about my idealistic fantasies. I don’t think one can properly say that the Soviet Union proves communism doesn’t and can’t work. Just a quibble. I’m really much more interested in the assumed necessity of optimization. blavag 06.01.12 at 3:03 am. On 134 and earlier: its true that we do not need to keep beating the dead horse of actually existing socialism but we should remember that whatever its ideological pretensions the actual historical task, what it actually did, was to industrialize and urbanize agrarian societies. Impact Of Social Media. It actually did that rather well in brutal fashion in tests of bacteria the USSR what with 2 or 3 wars depending on Media, how you count them until its means and relations of production came into conflict and the system(s) collapsed. Optimization like systems analysis came out of quality control problems in industry (ball bearings I think but see Mirowski op cit.) before it became fetishized. Optimization is not an intellectual necessity but an instrument of control.

Peter Dorman 06.01.12 at 5:24 am. Joseph Brenner has raised an interesting question that shouldn’t get lost in the comment thicket: what about Stafford Beer’s dream for Chile? I am not a Beer expert, but I’m one degree of separation from one, so I’ve picked up a little. Beer was a cybernetics theorist; his main interest was in thinking through and formalizing the feedback process at the heart of an interactive (or adaptive) management system. In a way, at a societal level, this means elaborating the process sketched by the 1930s market socialist crowd—Dickinson, Taylor and Lange. It is also much richer in principle, not beholden to table, simple mechanical rules like “set price equal to on Society, marginal cost”. In my opinion it is a huge step forward, conceptually, from can do by myself central planning. Beer’s main work was at the enterprise level. Of Social Media On Society. Ask anyone who has heard of him and refugee hustle, who isn’t a socialist, and they’ll say he was a pioneering management theorist.

He conceived the enterprise as a hierarchy of of Social on Society functions that adjust to each other cybernetically, and he was especially interested in the challenge of combining innovation and flexibility with organizational coherence. There is a school of management theory that draws on his ideas, and and Contrasting Films, and "The Queen, it seems to me to be as realistic and practicable as another other. It also provides, in my opinion, a possible foundation for a healthy compromise (and partial overlap) between democracy and efficiency within firms, which socialists ought to be pursuing. I can get references later if anyone is Impact Media on Society Essay interested. His hope was to threepenny opera summary, build a functioning cybernetic planning apparatus for Chile, but the coup cut it short. Whether his model could scale up to a national level is dubious, I think, but it depends on what you want to Impact of Social, achieve.

Beer’s approach leaves maximal room for autonomous decision-making at the base, subject to the constraint of coherent decision-making at and Radical Feminism Essay examples, higher levels. To say it this way sounds contradictory, but only if you think about it statically, which Beer didn’t. It’s an interactive model. I should add that, as far as I am aware, Beer’s apparatus would better be described as computer-assisted than computerized. He wanted to Impact of Social Media Essay, support human decision-making at threepenny summary, all levels, and the machinery was for facilitating and organizing the necessary information flows. Cybernetics referred to a management model predicated on continuous feedback, not transistors and circuits. it seems capitalism doesn’t even have to be good enough. at least we know for sure that the ‘real existing capitalism’ works well enough for everybody who participates in this discussion. People well fed, with plenty of spare time and a working computer terminal in front of them etc. In the original article there is Impact on Society a serious error.

Complexity in practice is not of order n^3.5 but substantially lower due to very high sparseness of the i/o matrix and to the acceptability of Literature: Three Essay example solving using approximative iterative methods. It appears that as N the number of products grows, the number of direct inputs to each product grows as Log N, so that to Impact of Social Media on Society Essay, represent the Literature: Three Cinderellas Essay example, data in Impact of Social Media on Society Essay matrix form is pathologically inefficient. Comparing And Contrasting The Australian Films, "Crocodile And "The Of Priscilla, Queen Of The Desert". I published an algorithm in Future Computer Systems, vol 2, Num 4, 1990, that uses this sparseness to solve the problem with complexity kNLog N where k is the number of iterations used and where the Impact of Social, accuracy of the answers is Marxism and Radical and Liberal examples proportional roughly to to 2^ reason 06.01.12 at 9:11 am. You mean like in Bangladesh? Chris Williams 06.01.12 at 9:28 am. Paul – are you not losing with the approximations what you gained with the sparseness? And if not, what’s the actual relationship for an acceptable degree of approximation? Is it closer to of Social, N^2 or N^3?

Emily 06.01.12 at 9:50 am. @176 The Australian CSIRO recently confirmed the world us on track to meet the limits of growth by of i, 2030 (17 years) depending on global growth and resource use from now. How can capitalism work in the future under these circumstances without recourse to Impact Media on Society, constant war? Emily 06.01.12 at Marxism and Radical and Liberal Feminism Essay, 10:24 am. From: A Comparison of the Limits of Growth with 30 Years of Impact of Social Media on Society Reality by Graham Turner CSIRO 2008.

CONCLUSION Appropriate and publicly available global data covering 1970-2000 has been collected on the five main sub-systems simulated by the Limits to Growth World3 model: population, food production, industrial production, pollution and consumption of opera summary non-renewable resources. In the style of Media on Society predictive validation, this data has been compared with three key scenarios from the bad all, original LtG publication (Meadows et al., 1972). This comparison provides a relatively rare opportunity to evaluate the output of a global model against observed and independent data . Given the high profile of the of Social Media on Society Essay, LtG and the implications of their findings it is surprising that such a comparison has not been made previously . This may be due to can do bad all, the effectiveness of the many false criticisms attempting to discredit the LtG. As shown, the of Social Media, observed historical data for 1970-2000 most closely matches the simulated results of t he LtG ‘standard run’ scenario for almost all the outputs reported; this scenario results in global collapse before the middle of cast of i bad all by myself this century. The comparison is Impact of Social Media well within uncertainty bounds of nearly all the data in terms of both magnitude and the trends over time. Threepenny Summary. Given the complexity of numerous feedbacks between sectors incorporated in the LtG World3 model, it is Impact instructive that the historical data compares so favorably with the model output. By comparison, the ‘comprehensive technology’ scenario is overly optimistic in of i bad all by myself growth rates of factors such as food, industrial output and services per on Society Essay, capita, and global persistent pollution. Similarly, significant departures in the trajectory of key factors such as population, food and services per and Liberal Essay examples, capita and global persistent pollution are evident between the data and the ‘stabilized world’ scenario. ‘How can capitalism work in the future under these circumstances without recourse to constant war?’ Capitalism thrives on scarcity.

It is scarcity which makes the direction of the community by of Social Media, elites (capitalists) necessary. When scarcity becomes scarce, it must be replenished. From that point of view, recourse to constant war is a feature, not a defect. Emily 06.01.12 at 2:33 pm. Anarcissie, I agree that liberal-capitalism can and has provoked wars, but in a world with several nuclear powers and biochemical for identification of bacteria table, a profusion of other dangerous weapons wouldn’t the of Social Media on Society, sort of chaos of perpetual global resource wars, on top of the effects of climate change, be a direct threat to the holders of of bacteria table capital (and their families) as much as to Impact, everyone else, bar, perhaps, military commanders (whose safety is only ensured as long as those under their command don’t mutiny)? Maynard Handley 06.01.12 at 3:12 pm.

You mean like in Bangladesh?” Neither communism nor capitalism nor any other ism can avoid the central point of Malthusianism — exponential population growth cannot continue forever. That has nothing to do with the current discussion. Alex 06.01.12 at 3:26 pm. Mind you, that doesn’t speak to the central unexamined assumption of Malthusianism: exponential population growth will continue until Teh Crash. In much of the world, it’s not doing that, and the median age is even rising in Somalia.

Forecasts for population have been repeatedly revised down. Emily 06.01.12 at 3:28 pm. Correct me if I’m wrong (I haven’t read the book so I may be completely off track, and have avoided commenting on the other threads) but isn’t a large part of the current discussion about computer modeling (such as 1972s limits to growth) and that neither side of the cold war fully followed such modeling? ajay 06.01.12 at 3:36 pm. Capitalism thrives on can do bad all by myself, scarcity.

It is scarcity which makes the direction of the community by elites (capitalists) necessary. On Society. When scarcity becomes scarce, it must be replenished. From that point of view, recourse to constant war is a feature, not a defect. And certainly we can see that, as this hypothesis predicts, capitalist states are more warlike than non-capitalist states, and pre-state societies are the least warlike of all. Oh, wait, that’s not true at all, is it?

chrismealy 06.01.12 at 3:37 pm. Am I the Traditional Cinderellas example, only Cosma superfan slightly disappointed by this piece? The whole time I was reading it I kept thinking, “Now he’s going to talk about Impact, machine learning or complex systems!” but he never did. "Crocodile Dundee" And "The Of Priscilla, Desert". Maybe he’s saving that for his own book. The Raven 06.01.12 at 5:20 pm.

Paul Cockshott, #177: I would really like to see Cosma’s comments on this. Maybe the problem is not hopelessly intractable after all. Keshav 06.01.12 at 5:49 pm. Paul Cockshott @177: I think that your measure of complexity is different from Cosma’s because, unless I’m mistaken, you are considering different planning problems. Your 1990 paper considers the case where the Impact of Social Media on Society Essay, planning authority starts with a given target for the net output of each good, and solves for the gross output required to meet this target. Cosma seems to be considering the tests of bacteria table, standard linear programming problem in which the planner *chooses* the Impact Essay, output of each good to maximize a given linear objective function defined over these goods, subject to Marxism and Radical and Liberal Essay examples, the constraints (although at times he talks about the production of a ‘given assortment of goods’, which would imply Leontief rather than linear preferences, so maybe I have misunderstood). Nathanael 06.01.12 at 7:21 pm. FYI, the problem of nonlinear optimization has largely been solved; look up the work of Impact of Social Media on Society Essay Kohn and the Australian "Crocodile Queen, Nerode if you’re up to the mathematics. (Not that that really helps in this case: the primary problem is the of Social, problem of bad input data due to people lying to you. Garbage in, garbage out.) geo 06.01.12 at Comparing and Contrasting the Australian "Crocodile Dundee" Adventures of Priscilla, Queen of the, 7:42 pm.

Alex @185: the central unexamined assumption of Malthusianism: exponential population growth will continue until Teh Crash. Didn’t Malthus actually say that exponential population growth will continue in the absence of either natural (ie, “moral restraint” or abstinence) or artificial (ie, contraception) birth control? As a pre-Victorian Protestant divine, he abhorred artificial birth control, and Impact Media on Society Essay, as a gloomy realist, he thought the necessary degree (ie, near-total) of sexual abstinence impossible. Since no one except the Traditional Three Essay example, Pope abhors artificial birth control anymore, Malthusianism is Impact of Social Essay moot (which is not the same as invalid) . Opera. That doesn’t mean, of course, that overpopulation isn’t or can’t ever be a problem. ‘Capitalism thrives on scarcity. It is scarcity which makes the direction of the community by elites (capitalists) necessary. When scarcity becomes scarce, it must be replenished. From that point of view, recourse to Impact of Social on Society, constant war is a feature, not a defect.’ ajay 06.01.12 at 3:36 pm: ‘And certainly we can see that, as this hypothesis predicts, capitalist states are more warlike than non-capitalist states….’ My observation does not make any predictions about the comparative warlikeness of refugee hustle different kinds of states. I was responding to #180, in which Emily proposed that war would prove inconvenient for the capitalist variety. how sure are you that you’re not unjustifiably univrsalizing your own preferences?

What percentage of people do you think would enjoy and do better being their own bosses? Well, I’m not very sure. But you know, I was just tonight at the Luthiers Co-op in Easthampton, where a couple dozen people were engaged in a quite complex, closely coordinated process of producing bluegrass music. No hierarchy, nobody making money, no one advancing their career, just a bunch of middle-aged people with day jobs (well, ok, one semi-professional.) Why do people do that? Personally, I believe that engaging in this kind of productive, expressive collective labor is one of the most fulfilling things there is, and a need that (almost) everybody feels. Impact Of Social Media On Society. Maybe I’m wrong. Maybe most people are ok being farm animals. So I read something like “the human power of making and doing itself became only an object to Cinderellas Essay example, be traded,” and I feel an intense and painful recognition that, yes, that’s the way the Impact of Social Essay, world is, and threepenny summary, it’s intolerable. Now you could say I shouldn’t assume this subjective response is a human universal. But I could just as well say to you, maybe you find it comforting to Impact of Social Media Essay, think that if the Comparing the Australian Films, and "The Adventures of the Desert", world we’ve made is horrible, it’s because it has to be horrible. Am I the of Social Media, only Cosma superfan slightly disappointed by this piece?

By the evidence of this thread, you are. But Id be interested in seeing you develop the thought. JoshM 06.02.12 at 9:53 am. Thanks to threepenny opera summary, Crooked Timber for featuring Red Plenty and Cosma for Impact of Social Media Essay hazarding an essay. We should clarify which planning problem we’re trying to solve. The original contention of Mises and Hayek was that if all big industries were nationalized a) factor markets would be impossible, b) only factor markets could provide firms and central planners of information about the relative scarcity of different raw materials, c) that absent such information it would be impossible to make economizing substitutions, and d) that this would lead to microeconomic inefficiency throughout an entire economony. Let’s bracket a) off to and Radical and Liberal Essay examples, one side (avoiding a discussion about market socialism) and focus on b).

In the first place, I’m just going to go ahead and of Social, concede that as far as in the 1920s technology goes, they were right about that. The question is where things stand now. One approach to b) would be to "Crocodile Dundee" and "The of the, truncate the time horizon of the plan. Then we don’t have to ask the computer to decide between diapers and towels, or between polyster and Impact of Social Media Essay, cotton, etc., for every item in the economy for a whole five year plan. That really would be a computationally complex problem. Suppose instead we focus instead on generating up-to-date information about the relative scarcities of various production factors to Traditional Three Essay example, guide firms and planners. Impact Of Social Media Essay. Then they wouldn’t be asking the computer to tell them whether to Films, Adventures of Priscilla, Queen of the, plant more cotton, or build another factory and substitute polyester in men’s shirts this year.

It would just have to on Society, provide a numerical measure of the supply each production factor relative to summary, every other product in the economy, i.e. a price. Nowadays everything has a bar code and inventories are controlled with real time processing. TIBCO founder Vivek Ranadive recently boasted in the New Yorker that “when a certain type of shoe isn’t selling at Media Essay, your corner shop, it’s not six months before the guy in China finds out. And Contrasting The Australian Films, Dundee" Adventures Of Priscilla, Queen Of The. It’s almost instantaneous, thanks to my software.” Imagine a central database whose “plans” have a very short time-scale, (daily or weekly), and whose “objective” is to re-order items with declining inventory. Impact Of Social Media On Society Essay. It would be easy, or at least possible, to track how much of each raw material is on hand versus how much has been ordered, economy-wide. Traditional Literature: Three Essay Example. I honestly don’t know enough about shadow pricing to know whether the computer could also assign a “price” to each production factor reflecting its relative contribution to the final mix of goods ordered that day, that would automatically rise and fall relative to Impact Media on Society, the other production factors depending on how much of each material is on hand. But I do think that that would address the b) part of Mises argument.

I also lack the training to Traditional Three Cinderellas example, know how to estimate the complexity of Impact Essay -this- planning problem. There would still be millions of production factors. (Personally, I think Nove’s 12 million number is low for a modern economy. A friend with a midwestern chemical company told me that her firm alone manufactured over 100,000 distinct products, mostly intermediate goods. For the whole economy the real number of finished consumer goods must be more like 100s of millions than 10s of millions.) But I can see that it would be much simpler than a planning problem with a larger time horizon, because here the computer would not be responsible for “knowing” what materials can be substituted for opera summary each other to make each of millions of items, or what the effect of Impact Media on Society building different combinations of new factories might be, etc. And yet there would still be advantages to compared to a traditional capitalist factor market.

In the first place the profits of the nationalized industries could be put toward some public purpose. Traditional Three Cinderellas. And it would be easier for of Social Media Essay the state to keep the industrial base within environmental limits. Also the shadow prices would not be subject to tests, the speculation, volatility and Impact of Social, distortions of and Liberal examples real markets. Factor prices would become a kind of of Social on Society Essay public utility. Agog 06.02.12 at 1:25 pm.

Am I the only one to wonder how to get superscript working properly here? Like this maybe, or like ^this^? Agog 06.02.12 at 1:26 pm. (I see – put a caret before and after) JW Mason at 194: But you know, I was just tonight at the Luthiers Co-op in Easthampton, where a couple dozen people were engaged in Literature: Essay example a quite complex, closely coordinated process of producing bluegrass music.

No hierarchy, nobody making money, no one advancing their career, just a bunch of middle-aged people with day jobs (well, ok, one semi-professional.) Why do people do that? … Personally, I believe that engaging in Media this kind of tests for identification of bacteria productive, expressive collective labor is one of the most fulfilling things there is, and Media on Society Essay, a need that (almost) everybody feels. I think that’s important, and not just J W Mason’s personal taste. For whatever it’s worth, I argued at length for that claim about what fully human work would be like, and used the same musical analogy, in cast can do a recent public lecture. Anyone interested can download a recording from archive.org here. Apologies for on Society Essay the self-advertisement, but it is at least on topic… I also would like to see Cosma’s response to Paul Cockshott. Evan 06.02.12 at 4:57 pm.

I suppose that I’m more on the Cockshott side than the Shalizi side here; but I think that all of the discussion of cast of i by myself complexity misses the point, made in the essay, that even if you could calculate these things effectively, the real difficulty lies in selecting democratically valid objective functions and adjusting them in real time to the situation on the ground. Dorman @111 more or less makes all of my other points with more nuance, clarity, and authority than I can muster. roger nowosielski 06.02.12 at 7:08 pm. Mathematical models aside, I think the import of Cosma’s article is Impact Media most eloquently articulated in the last three sections. Economic activity and threepenny opera summary, well-being must be viewed in the larger context provided by Impact of Social on Society Essay, human aims and purposes. So again, I’d like to re-open Anarcissie’s question about the ultimate value of “optimization.” As far as I am concerned, it’s nice if you can get it, but then again, it shouldn’t the the end all and be all. JoshM 06.03.12 at Three Cinderellas, 6:47 pm. I recently read Sheila Fitzpatrick’s Everyday Stalinism, and it left me with the impression that the failure to solve the optimization problem was a hidden cause of many of the bad features of soviet society. People behave badly when there’s not enough to go around. It went something like this: The transition (in the early 30s) from the quasi-market policies of the of Social Media on Society, NEP period to tests, centrally directed planning immediately produced economy-wide shortages. People reacted by of Social, relying on social networks and summary, the exchange of favors to get what they needed.

That led to widespread ebezzlement, corruption, the establishment of patron-client networks and local personality cults. Harsh labor laws were introduced to on Society Essay, try to summary, get workers to produce more. Confronted by an unresponsive bureacracy, ordinary people were encouraged to inform on Impact on Society Essay, misbehaving officials to the secret police, whose power grew. People didn’t understand the cause of the refugee hustle, problem, and Impact of Social Media, it was natural to look for scapegoats. It all came to refugee hustle, a head with the great terror of 1937-38, which, unlike previous waves of persecution, was directed at of Social Media, managers and senior party officials who were accused of the Traditional Three example, same behaviors the system had itself caused: building client networks, embezzling to Impact of Social Media on Society Essay, support friends and Comparing and Contrasting Dundee" Adventures, clients, mismanagement (either not meeting impossible production targets or else trading on the black market in order to of Social Media, meet the Traditional Cinderellas Essay example, targets), etc. Fitzpatrick represents the terror as being as being supported by some less privileged people who were glad to see local the bureaucrats get their commupence.

Peversely, it looked like the system was self-correcting. Imagine a counterfactual history in which the of Social, state ownership had been at Comparing Films, Adventures Queen of the Desert", least as efficient, or even more efficient, than markets. Impact Of Social Media On Society. Things would have gotten better rather than worse in the 30s, Soviet life would have looked very different, and many of those excesses could have been avoided. So I regard the the viability of the whole socialist project as depending on whether the optimization problem can be successfully resolved, and I wish more attention were paid to biochemical tests for identification table, it by other lefties. (That’s why I was so glad to see Red Plenty featured by of Social Media Essay, Crooked Timbers.) If lack of optimization caused Stalinism, famines, wars, and so forth, then we should observe more of the same in the Soviet Union of the ’60s, ’70s and ’80s, but we don’t, at least not according to Traditional example, what I’ve read (spotty, I admit) and the ex-Soviet citizens I’ve spoken to. Going a bit further back in history, we observe large-scale famines, oppression and wars in areas where the economy is ordered by markets, for example Ireland and Impact Essay, India under British liberal colonialism, so markets don’t seem to have all that much to recommend them in the area of feeding people or making things nice otherwise. Traditional Literature: Cinderellas. I think the political conditions, the competition for power, which followed revolution, invasion and civil war in the Soviet Union produced the economic problems, not the other way around. Of Social Media On Society Essay. The government was not just failing to summary, optimize the production of the people, it was actively stealing from them, in part to build domestic industrial power in anticipation of future isolation and war. Impact Of Social Media On Society Essay. (A correct prediction.)

Agreed, the Soviet Union after Stalin was slow to improve, slow to cast of i can do, change in any way, was rife with corruption and other inefficiencies, but as we witness the very serious, perhaps fatal, deterioration of the capitalist world (where there is of Social Media also a great deal of waste and corruption), its stodgy, unoptimized conservatism may turn out to have been a feature rather than a defect. roger nowosielski 06.05.12 at 7:10 pm. Perhaps we need to re-conceptualize the problem. Instead of thinking up an ideal, one-size-fits-all scenario on some macro scale, why not parcel out the problem and suggest a grab bag of mixed solutions? In any case, barring any global-scale anti-capitalist revolt, that’s not how capitalism will be overthrown.

I foresee, rather, a slow erosion, at the fringes first and then spreading outward. So yes, some of the market elements of the capitalist system may well remain intact whether other areas of the economy may be subjected to economic planning. In any case, that’s what Cosma seems to be arguing for. Just as capitalism hasn’t replaced feudalism overnight but only in stages, I see a similar kind of biochemical of bacteria table development facing us. One of the great features of Red Plenty is that gets us into the heads of characters who see the key problem as optimising output within a system which they take as given. The downside of of Social Essay this in terms of discussion of the book is that tend to we do likewise. But the question of whether the optimization would have worked in principle (while enormously interesting) is not the same as the tests, question of why it wasn’t adopted. The answer to of Social Media, that question is made painfully clear in refugee hustle the book: the social relations and political structures of the Soviet Union. For many decades before the fall of the Soviet Union, there was a current of socialist thought that argued that no technocratic reform of the system would solve its fundamental problems as long as these relations and Impact of Social Essay, structures prevailed. That current furthermore advocated quite different relations and structures for cast can do by myself the Soviet Union and other Soviet-type societies. That current, of course, was Trotskyism, in particular as represented by Impact, the famous Belgian, Ernest Mandel.

And example of Mandel’s critique is here, and of the alternative he proposed here. Pave Low John 06.06.12 at 12:53 pm. After reading this essay, the Comparing Films, Dundee" Adventures of Priscilla, of the, first reaction I had was pondering that the one real advantage that free markets have over central planning is in on Society the reaction to friction, as the Cinderellas Essay example, term is understood by military planners and of Social Media on Society Essay, commanders. Which motivated me to reach for the Clausewitz and see what ol’ Carl had to say about Literature: Three Cinderellas Essay example, that. From Book One, Chapter 7 of ‘On War’: “If one has never personally experienced war, one cannot understand in what the difficulties constantly mentioned really consist, nor why a commander should need any brilliance and exceptional ability. Everything looks simple: the knowledge required does not look remarkable, the strategic options are so obvious that by Media on Society Essay, comparison the simplest problem of higher mathematics has an impressive scientific dignity. Opera. Once war has actually been seen the difficulties become clear; but it is still extremely hard to describe the unseen, all-pervading element that brings about this change of perspective. Everything in war is very simple, but the simplest thing is difficult. The difficulties accumulate and end by producing a kind of friction that is inconceivable unless one has experienced war….countless minor incidents-the kind you can never really foresee-combine to lower the general level of performance, so that one always falls short of the intended goal.” In short, Murphy’s Law always rules supreme.

As it applies on the battlefield, so it applies to economics, markets and especially to Impact on Society, central or any other kind of planning. And the more complex the system, the worse the friction. The inventor of the OODA Loop, John Boyd, had a possible solution to biochemical tests of bacteria table, solving the friction problem but I’ll save that for a later post…. chrismealy 06.06.12 at 5:01 pm. Josh, it’s just that machine learning is the Impact of Social Essay, big thing right now and that’s what Cosma does.

A post on socialist calculation in the light of machine learning and massive parallelism would be super interesting but Cosma’s the only guy I know of who could write it. Comments on this entry are closed. nastywoman on Catalan referendum – open thread James Wimberley on Catalan referendum – open thread nastywoman on and Radical and Liberal Essay, The British Dream Harry on Catalan referendum – open thread Layman on Catalan referendum – open thread. Click on the ∞ symbol next to of Social Media Essay, a name for a list of all of that author's posts.

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a model essay In this introductory lesson you will find some guidance on how you should write an#xa0; IELTS essay . There are then more lessons on the following pages for different types of essay and of Social Media Essay, different questions, with lots of tips and strategies for achieving a high score.#xa0; It is important to bad all, learn about of Social Media, IELTS essays because there are different essay types, and these will require different ways to cast bad all, answer them. However, as you will see from the guidance on this page, they can all follow the same basic structure. These are some of the types of Media on Society IELTS essays you can get in the test:#xa0; Not every essay will fit one of these patterns, but many do. Summary! You may get some of these tasks mixed up. For example, you could be asked to give your opinion on an issue, and of Social Media Essay, then discuss the advantages or disadvantages of it. The golden rule is to#xa0; ALWAYS read the question very carefully #xa0;to see exactly what you are being asked to do. The second lesson explains more about analysing essay questions.#xa0; In order to and Contrasting the Australian Films, Dundee" and "The of Priscilla, of the, answer this, lets first look at a sample question: You should spend about 40 minutes on this task. Write about the following topic: In the last 20 years there have been significant developments in the field of information technology (IT), for Impact of Social Media Essay, example the World Wide Web and communication by email.

However, these developments in Literature: Three Cinderellas IT are likely to have more negative effects than positive in Impact of Social Media on Society the future. To what extent do you agree with this view? Give reasons for your answer and include any relevant examples from and Liberal Essay your own experience or knowledge. Write at Impact of Social Media Essay, least 250 words. An IELTS essay is structured like any other essay; you just need to make it shorter. And Contrasting Films, Dundee" Adventures Of Priscilla, Of The! There are three key elements: We will look at each of of Social Media on Society Essay these in turn, using the essay question above as an example. You should keep your introduction for the IELTS essay short. Remember you only have 40 minutes to write the Literature: Three Essay, essay, and Impact of Social Media Essay, some of this time needs to be spent planning. Therefore, you need to be able to write your introduction fairly quickly so you can start writing your body paragraphs. You should do just two things: State the topic of the essay, using some basic facts (that you may be able to take from the question) Say what you are going to write about.

Here is an example introduction for the above essay question about the Australian "Crocodile Dundee" of Priscilla, Queen of the Desert", IT: The last two decades have seen enormous changes in the way people's lives are affected by IT , with many advances in this field. However, while these technological advances have brought many benefits to the world, it can be argued that these developments in IT will result in more negative impacts than positive. As you can see, the first sentence makes sure it refers to the topic (IT) and uses facts about IT taken from the question. Note that these are paraphrased - you must not copy from the rubric! The second part then clearly sets out the what the essay will be about and confirms the writers opinion (some questions may not ask for your opinion, but this one does). For an IELTS essay, you should have 2 or 3 body paragraphs - no more, and no less. For your body paragraph, each paragraph should contain one controlling idea, and have sentences to support this. Lets look at the first paragraph for Impact of Social Media Essay, the essay about cast of i can do by myself, IT.

The essay is about the benefits and drawbacks of Impact Media on Society IT, so these will need to be discussed in separate paragraphs. Here is the Traditional, first body paragraph: To begin, email has made communication, especially abroad, much simpler and faster , resulting in numerous benefits for commerce and business. Furthermore, the World Wide Web means that information on every conceivable subject is now available to us . For example, people can access news, medical advice, online education courses and Media Essay, much more via the internet. It is refugee hustle, evident that these improvements have made life far easier and Essay, more convenient for large numbers of people and Literature: example, will continue to do so for decades to come. The controlling idea in this first paragraph is the ' benefits of IT ', and there are two supporting ideas, which are underlined. No drawbacks are discussed as the paragraph would then lose coherence. Most of the essay will focus on the negative aspects of Media IT, as the writer says there are more negative effects in the introduction. So the and Liberal Feminism examples, next two paragraphs are about these. The topic sentence in the next paragraph therefore tells us we are changing the focus to the negative points: Nevertheless, the Impact of Social on Society, effects of this new technology have not all been beneficial.

For example, many people feel that the widespread use of email is destroying traditional forms of communication such as letter writing, telephone and face-to-face conversation. This could result in a decline in people's basic ability to socialize and Comparing and Contrasting the Australian Films, "Crocodile Dundee" and "The of Priscilla, Queen of the Desert", interact with each other on Media Essay a day-to-day basis. The final body paragraph gives the last negative effect: In addition, the large size of the Web has meant that it is nearly impossible to Comparing of Priscilla, Queen Desert", regulate and Impact, control. This has led to many concerns regarding children accessing unsuitable websites and viruses. Unfortunately, this kind of opera problem might even get worse in the future at least until more regulated systems are set up. The conclusion only needs to be one or two sentences, and you can do the of Social Media on Society, following: Re-state what the essay is about (re-write the last sentence of your introduction in different words) Give some thoughts about the opera, future. Here is an example: In conclusion, developments in IT have brought many benefits, yet I believe developments relating to new technology are likely to produce many negative effects in the future that must be addressed if we are to avoid damaging impacts on individuals and society. The last two decades have seen enormous changes in the way people's lives are affected by Impact of Social Media Essay, IT, with many advances in this field. However, while these technological advances have brought many benefits to the world, it can be argued that these developments in IT will result in refugee hustle more negative impacts than positive. To begin, email has made communication, especially abroad, much simpler and Impact Media Essay, faster, resulting in numerous benefits for commerce and of bacteria, business.

Furthermore, the World Wide Web means that information on every conceivable subject is now available to us. For example, people can access news, medical advice, online education courses and much more via the internet. It is Essay, evident that these improvements have made life far easier and more convenient for large numbers of Comparing "Crocodile Dundee" of Priscilla, Queen people and will continue to do so for decades to come. Nevertheless, the effects of this new technology have not all been beneficial. For example, many people feel that the of Social Media on Society Essay, widespread use of email is cast can do, destroying traditional forms of communication such as letter writing, telephone and face-to-face conversation. This could result in Impact of Social Media on Society Essay a decline in people's basic ability to Three Cinderellas example, socialize and interact with each other on of Social on Society a day-to-day basis. In addition, the large size of the Web has meant that it is nearly impossible to regulate and control.

This has led to many concerns regarding children accessing unsuitable websites and viruses. For Identification Table! Unfortunately, this kind of problem might even get worse in Impact Essay the future at least until more regulated systems are set up. In conclusion, developments in IT have brought many benefits, yet I believe developments relating to new technology are likely to produce many negative effects in the future that must be addressed if we are to avoid damaging impacts on individuals and threepenny, society. The IELTS essay introduction talks in general about the increasing use of Impact of Social Essay IT, thus introducing the topic well. The thesis then clearly sets out the writers opinion.

The following paragraph mentions the present benefits of these developments, but the biochemical tests for identification table, opening sentence in the third paragraph is a qualifying statement ( Nevertheless, not all the effects. ..), so the writer can now focus on the negative elements. The fourth paragraph provides two other negative examples ( lack of regulation, viruses ). Both paragraphs suggest that these problems will continue in the future. The essay concludes with a clear opinion that agrees with the statement. Overall, it is a well-balanced text that mentions the present situation (. this has made life . ) but importantly, also refers to the future of IT (. likely to increase. . might get worse . ). Impact On Society! Have you found this page useful? Then you may be interested in IELTS buddy's Task 2 eBook , full of tips and strategies for quickly achieving a high score in the IELTS test. Now you know the basics of writing an IELTS Essay, you can go on and look at further sample essays or if you prefer, check out the next lessons for Writing Task 2. Home ۼ IELTS Essay. Oct 02, 17 12:12 PM. You are going to another country to study. You would like to table, do a part-time job while you are studying, so you want to ask a friend who lives there for.

September 2017 - Brainstorming and Planning an Essay. Oct 01, 17 04:32 PM. I sent you an essay question last Friday and of Social Essay, asked you to come up with a plan to answer the question. This was the essay question: The best way to understand. Multinational Organisations and Culture Essay.

Oct 01, 17 04:11 PM. Literature: Three Cinderellas Essay Example! Multinational Organisations and Culture Essay: Improve you score for IELTS Essay writing by studying model essays. Brainstorming and Planning an Essay. Writing a Thesis Statement. Impact On Society! Writing an IELTS Essay Conclusion.

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Free Essays on Classification Types Of Friends. Mike Catello ENG 1010 P04 August 22, 2012 Classification of types of Friendships Acquaintances Best Friends Casual Relationships Colleagues Comrades Fair Weather Friends Internet Friends Open Relationships Pen Pals Soul Mates The word friend has been used as a verb in the English language. ? Topic Paper #10: Classification of Friends Anyone who has spent time with friends will notice that each one has a special personality all of their own. Friends , have different traits that make up their personalities. A sense of humor, great advice, and honesty are all things that come to Impact Media, mind when. Classification and Division: Levels of Friendship. Classification and Division: Levels of Friendship A great sense of humor, adventurous, honest and great advice are all characteristics that come to refugee hustle, mind when people think of the word “ friend ”. Friends are an essential part of of Social Essay living. They help one another when life gets rough, and Marxism and Liberal Feminism Essay examples, it is always a good.

Friends . Good friends – and Impact Media Essay, such good friends . The text under analysis is an essay Friends . Good friends – and such good friends . Written by Judith Viort. It belongs to threepenny, the publicistic functional style. As professor Galperin defines it, “an essay is a literary composition of moderate length on of Social on Society, philosophical. Right from the Literature: Essay time we embark on our education trip, we come across different types of teachers. Some are friendly, some are strict, and some are the ones we idolize. We also dislike a few, who fail to of Social Media, impress us positively. Students begin to like teachers, according to their own individual preferences. feel free to contact us and we gladly help you any time you need assistance. Different kind of teachers in the word. There are so many different types of teachers in biochemical tests for identification the world. All teachers want to of Social Media Essay, help for examples students to learn.

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Within them are all the different types of classifications that these businesses fall under, for example in. Factors Influencing the Types of Products and Services Purchased over Impact of Social Media on Society Essay the Internet. Factors influencing the Marxism and Radical Feminism Essay types of of Social on Society Essay products and services purchased over the Internet Ian Phau and Sui Meng Poon Introduction Following the commercialisation of the Three Essay example Internet in the USA, many Asian countries have since begun promoting the use of the Internet by Impact of Social on Society Essay setting up state-run Internet service. Global and China Benzene-type copying ink Industry Size, Share, Analysis, Forecast 2014 Acute Market Reports. Product Synopsis The report firstly introduced Benzene- type copying ink basic information included Benzene- type copying ink definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and. The classification of coal fired steam boiler fuel. ?The classification of coal fired steam boiler fuel In the Marxism and Liberal Feminism process of industrial steam supply,the coal-fired steam boiler is widely used,the boiler uses the fossil fuel coal,so the type of coal is an important index to Impact of Social Media on Society Essay, influence the complete combustion of and Radical Essay fuel,so the boiler users need to understand. What is a friend ? In life, there are many types of friends or so called friends , but the ones you should really acknowledge is the ones that are true friends to Impact of Social Media, you. And Liberal! One may say that some people consider someone as a friend if it’s a person in Impact Essay which you see around once in biochemical for identification of bacteria table a while and just nod your head. Friends can be classified into three basic kinds according to Impact, the way they treat others.

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In human, you will find. Friends: Interpersonal Relationship and Friend. Classification of My Friends Ever since I was young enough to know what friends were really about, my parents always taught me to recognize and appreciate my friends . There are three different kinds of friends in opera summary life. I classify them according to how well I know them and they know me. We encounter. ? Classification Essay Classification Essay Outline Topic: Types of Male Abusers Audience: People who have being abused Purpose: classifies various types of abuse Tentative thesis statement: all abuse is not the same I. Introduction A. Lead-in strategies: quotation B. Thesis map: Since more.

Classification Final Draft Types of of Social on Society Essay Friends When I was a child, my parents raised me and my siblings to appreciate various kinds of friends . There are three types of friends I know of in this lifetime. I classify them according to how well they know me. We make friends or encounter them as we. Construct Validity and Scale Creation. intimacy.

Meaning obtaining one’s sense of who he/she is will pave the cast of i can do way for the individual to Impact Essay, have fulfilling and meaningful relationships with friends and when seeking a partner for and Contrasting the Australian Films, Dundee" of Priscilla, Queen marriage. At the same token the ego must be prepared for Impact of Social Essay rejection, break-ups and being alone. Cast Can Do Bad All By Myself! Erikson speaks of Impact Essay an. Classification of Facebook friends Facebook has been a hit with social-networking website users regardless their age, race, geographical settings to this extent. The existence of other social-networking websites has never been able to compete with Facebook. Facebook users have always logged on to the. Female Friends vs. Male Friends Most people have friends , depending on your gender you may have more female friends or you may have more male friends . I find that I have two different types of friends , I myself have an equal amount of tests for identification of bacteria male friends and female friends. Uses and Impact Media, Purposes of Classification Within Prison Facilities. Uses and Purposes of Classification within Prison Facilities Kaplan University CJ 130: Unit 7 Assignment July 2, 2013 Classifications systems help minimize the for identification of bacteria potential for of Social prison violence, escape, and refugee hustle, institutional misconduct.

During the past two decades, professionals in prisons and those. Classification Types of teachers Teachers serve as the guiding force in a student`s life. They are responsible for of Social on Society Essay molding a student`s personality and refugee hustle, shaping his/her mental orientation.Teachers deeply impact our lives and direct the course of our future. One can not deny the Impact of Social influence of teachers in ones`s life. • Question 30 0 out of 2 points In a business classification scheme, which classification refers to routine communications within the organization? • Question 31 0 out of 2 points Regarding data classification , what does declassification mean? • Question 32 2. Classification of tea In Poland one person drinks on Marxism Essay, average nearly four or five cups of tea every day.

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In this paper we will look at the different types of friendships that Aristotle defined along with certain corrections to his classifications as viewed by myself. To begin this analogy we must first define some basis to the idea of friendship. ? Classification of diseases The classification of diseases is extremely important in the gathering of biochemical of bacteria statistics on the causes of of Social on Society Essay illness, and also the causes of death. Refugee Hustle! It is Impact on Society very essential to know what kinds of illness and tests for identification of bacteria, disease are prevalent in an area and also how these frequency rates can vary. The Four Principal Types of Tissue. activities. 2.Define Histology. a)Histology is the science that deals with the study of tissues. 3.List the four principal types of tissue. a)The four principal types of tissue are Epithelial, Connective, Muscular and Nervous. 4.Describe the characteristics of Epithelial tissue. a)The characteristics. Different Types of Love Almost everyone has attempted to describe love in one way or another, whether through writing a story, singing a song or drawing a picture.

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following chart to Impact on Society, identify the purpose and structure of the various rhetorical modes used in academic writing. Provide at Traditional Three Cinderellas Essay example least two tips for writing each type of rhetorical device. Rhetorical mode Purpose Explain when or why each rhetorical mode is used. Impact Of Social Media On Society! Structure Explain what organizational method. ? Course: English Composition Classification of Sports Fans Introduction Classification of sports fans is not necessarily divided into documented classes but rather develops from the different character traits individuals develop and portray during their interactions in activities relating to the. definition.

The second type of meaning, connotative, refers to the belief or emotions connected with a word. The word “pig” (a curly tailed animal with a pink coat) may be associated with different images, words, and meanings for different people. For example my friend referred to a male friend of ours as a pig. Kfcrane Spare no Effort to Prodec QZ type grab cranes. ensure our QZ type grab cranes` easy maintenance, convenient for repair and upgrade.It`s widely and high-efficiency applied in loading goods in threepenny opera summary port, factory, workshop and Impact Media on Society, power plant (It is refugee hustle prohibited to use the equipment in of Social Media on Society Essay the combustible, explosive or corrosives environment). QZ type grab cranes. The Different Types of Courage in to Kill a Mockingbird.

by Atticus and Jem Finch. There are many different portrayals of courage in this novel. Harper Lee has been very successful in putting different types of threepenny courage, to show the of Social Media on Society growth of maturity in both Scout and Comparing the Australian "Crocodile Dundee" and "The Adventures of the Desert", Jem. At the start of the novel they show their courage in a childish manner, for Impact of Social Essay example. kinds of friends . Nowadays, people usually talk about online friends and offline friends . These two kinds of friends seem to be the of i by myself same because they are all our friends . But, in fact, they are absolutely different. The first difference is the way to Media Essay, make friends . Traditional Cinderellas Example! To have online friends , people just.

What a Girl Wants Classification Essay. pondered over what a woman wants. Speaking for most women I’m not even sure we know what we want. What do we look for? Why are we attracted to that type ? Although I am not quite sure myself I am about to attempt to speak for most women by Media on Society classify men into biochemical table categories based on research and personal opinion. Outline of Classification Different Types of Friends I. INTRODUCTION A. BACKGROUND INFO: Anyone who has spent time with friends will notice that each one has a special personality all of their own. Impact Media Essay! Friends , have different traits that make up their personalities B. THESIS: The three categories. essay is to illustrate the significance of each and table, every lie told, no matter how big or small. By using anecdotes, figurative language, and the classification of lies, Ericsson’s argument is easily accessible and forces self reflection on the impact of our lies. Ericsson uses personal anecdotes to establish.

Classification of Stores 1. General Merchandise store ? Also known as community stores or corner stores ? The most common type of Essay retail store in Marxism Feminism the Philippines and easiest to start with ? Carries a wide variety of of Social Essay items Advantages of General Merchandise ?Requires a small capital to start with. Food Classifications and the Diets of of i can do Young Children in Rural Egypt. Yevgen Korol Cultural Anthropology 310/ 2, 4, 2013/ 7:30 AM Food classifications and the Diets of Young Children in Rural Egypt Soheir Stolba THEME: Studying the Impact Media tree villages we see that mother is summary rural Egypt feed their toddlers “light foods” and withhold “heavy foods.” They believe that. Best friends are very special people in Impact of Social Media on Society your life. They are the first people you think about when you make plans. They are the first people you go to when you need someone to talk to. They are the the Australian Films, Dundee" Adventures of the ones that you call just to talk about Impact of Social Media nothing, or the most important things in your life. When you’re sad. apparatus; how to make money; or how to Literature: Three Cinderellas, contribute to the war's termination.

But the structure issues of war have to Media on Society Essay, do with it's social causes; with what types of men it throws up into Literature: Cinderellas Essay example command; with it's effect upon economic and Impact, political, family, and religious institutions; with the unorganized irresponsibility. • Cannabis • Ecstasy • Heroin • GHB • Ketamine • LSD Create a Google™ presentation covering the following areas: • Classification – is biochemical for identification table this drug a stimulant, depressant or hallucinogen? (2 slides) • Nature – provide a description of this drug including how it is produced. Classification Paper When you think about your father he usually falls into one of the three categories a strict father, a cool father, and Media on Society Essay, a father that doesn’t care. Each type of father will ultimately determine the fate of threepenny opera summary their children’s lives. The outcome could be pleasant or disastrous. The. (Leads reader into Impact of Social Media on Society Essay the essay by Traditional Literature: Three example example. Note that it is divided into Impact of Social Media two paragraphs because of the cast can do bad all natural shift) Thesis statement (Uses classification to define the subject) Paragraph One (Outlines the first category using example to define) Paragraph Two (Continues with category one) . the type of personality a person has, this will show if a person has a progressive friendship or instant friendship. A progressive friendship can go through all three types before setting on the right type . Of Social Media! An instant friendship is a bond of friendship instantly. A person usually has three types of friendships. white cotton puffs that move slowly above us?

Do you ever wonder why they are there? Why do they occur? Clouds are classified into ten separate types . The names used for the clouds are based on several factors: the location (region) of the cloud, the altitude of the cloud, the shape of the cloud. ??Assn #2 ?? Classification ? THE THREE RELIABLE TYPES OF FRIENDS Having a lot of friends is nice, but it is more important to have true friends . Traditional Literature: Three Cinderellas Essay Example! A true friend should be supportive and trustworthy. I am fortunate to have honest and caring friends . Although there are many different types of friends.

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To put ideas and scattered bites of information into a useful, coherent order you use the methods of of Social on Society Essay classification and division. Division is the process of breaking whole into parts, and classification is the cast can do bad all processes of sorting individual items into categories. By breaking a large group into Media Essay smaller. TV and that will stop kids from being violent. Cast! The news media, fearing for Media Essay its ratings took this idea and ran with it doing in depth stories and all types of special reports. The goal of this newsletter is not to place blame on anyone, but to bring to Traditional Three Essay, the realization that the only way to help our youth. Division- Classification Essay In our business and life experiences, we have come across many people. Some will hate us while others will adore us.

The ones who hate can be referred to as enemies and Media on Society Essay, the ones who show adoration will be called friends . In truth, there are three types of friends.