Shared Prosperity, Common Wealth, National Equity and a Citizen's Dividend: Nirit Peled takes a look at social experiments in basic incomes for VPRO Tegenlicht, a Dutch public television documentary series. Starting with a German crowdfunded UBI chosen by raffle -- kind of like the opposite of Le Guin's Omelas (or Shirley Jackson's Lottery in reverse) -- the focus moves on to Albert Wenger who wants to disconnect work from income not only as automation progresses but to accelerate the process. Then it's on to Guy Standing who has conducted basic income experiments in India and Namibia (pdf) and is trying to get one off the ground in Groningen (Utrecht apparently is also a go). Finally, a stop in Alaska to ask some of its residents about their views on the state-owned Permanent Fund. This last part brings to mind the question: just what is wealth anyway? [more inside]
The Destruction of Economic Facts - "Renowned Peruvian economist Hernando de Soto argues that the financial crisis wasn't just about finance—it was about a staggering lack of knowledge" (via) [more inside]
The library system in Polk County, Florida has installed vending machines so that patrons who aren't close to a library can still check books out.
Inducement Prizes -- Best known for the Ansari X Prize, the DARPA Grand Challenge and the Clay Mathematics Millennium Problems, inducement prizes have a long history, but their recent successes have led to increased government interest, viz. challenge.gov, and resulted in the development of vaccines, thanks in large part to the work of Michael Kremer.* [more inside]
Hale "Bonddad" Stewart shows that U.S. Manufacturing is NOT Dead, but says that to
zombify resurrect rejuvenate it America should look into Industrial Policy. Meanwhile, in Detroit, a President is saying that the automobile industry bailout prompted an "industrial revival", a Senator is calling it "industrial policy" and an economist is saying even if it is, "it's the most successful...in American history". All of which prompts the age-old question.... [more inside]
With capitalism in crisis, can it be sustained or is it altogether outdated? As Umair Haque asks though, perhaps a better question is: "are organizations and markets making decisions that help make people, communities, and society better off in the long run, by allocating their scarce resources to the most productive uses?" [more inside]
Innovation, Ideas and the Global Standard of Living by Charles Kenny: "The Success of Development acts like a sword through many of the Gordian knots plaguing the development community, especially those surrounding the rate of economic growth in many developing countries. Put that question to one side, says Kenny, and suddenly a lot of much more interesting questions, about issues like education and healthcare and clean water and human rights, come into a lot more focus. And if you use those metrics, rather than GDP growth, to judge the success or failure of developing countries, then things look rather more optimistic than you might think." (pdf) Glenn Hubbard's review, cf. Technological Creativity and Economic Progress [more inside]