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Critical Value of Conversational Currency

September 25, 2009

Can the value of conversation fluctuate when compared to a “basket of conversational currencies”? The translation is as follows; If several conversations are taking place at the same time, does yours hold more or less value depending on the value of the others?

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The Vicarious Search Engine

July 7, 2009

This is how the innovation economy must play out. People must control, regulate, anonymize, and manage their own knowledge inventory. If only they could see their world through the entrepreneur’s eyes – perhaps they need a vicarious search engine more than anyone.

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The Next Global Currency

May 26, 2009

Charging interest on money was at one time illegal. The concept of “interest” was legitimized by the argument that lenders needed to be compensated for the risk that they assumed. As such, currency is married to risk and not necessarily actual productivity.

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You Are The Algorithm

May 4, 2009

Google cannot organize knowledge because knowledge exists only within the consciousness of a person. Instead, busy little Google spiders scour the Internet looking for high rates of change of information and they use that as a proxy for “knowledge”.

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The New Economic Paradigm: Part 7; Monetization of Knowledge Assets

April 20, 2009

We have specified a structure for a new economic paradigm by simply integrating the the knowledge economy into the same structure as the financial system. The result is a completely new way for entrepreneurs to create wealth.

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The New Economic Paradigm; Part 6: The Business Plan

April 10, 2009

The business plan of the innovation economy is very simple; it starts with the single transaction between two people. The lender provides information and the borrower combines the information with their existing knowledge to create more knowledge.

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The Global Financial Crisis; The End Game

February 18, 2009

Likely the most optimistic projection of the future. This article predicts that social media will become the platform for an Innovation Economy.

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The US Financial System – Tail Wagging Dog

February 10, 2009

Finance and Innovation in the US is engaged in the dangerous dance of tail wagging dog. Innovation is as Wall Street does; not the other way around. This is wrong, this is very wrong.

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The Shift to Social Capitalism

January 8, 2009

As computer enabled society marches toward social capitalism as a result of overburdened financial institutions, a new generation of social media applications will form to emulate those institutions.  Social capital, creative capital, and intellectual capital will increasingly behave like tangible assets. As an example, this article compares the concept of the financial credit score with [...]

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Social Media; An Alternate Universe of Wealth Creation

December 21, 2008

The trick is for society to organize itself in a slightly different way – this is where Social Media needs to position itself with the next generation of applications. If so, the business model for social media will become hugely important to an innovation economy – too important to fail.

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Business Plans of the Innovation Economy

December 3, 2008

There is no shortage of money in the world but there is plenty of risk. Most business failures are due to knowledge deficits such as the inexperienced management team, a poor assessment of market conditions, underestimating the amount of money needed, underestimating a competitor, loss of a key employee, poor understanding of the technology, etc. [...]

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Social Media; A Public Innovation System

November 21, 2008

In order to restructure our financial system; we first need to restructure our innovation system.  ALL of the top ten reasons for business failure are due to a lack of knowledge, not a lack of money. Top 10 reasons why businesses fail: 1.    Lack of an adequate, viable business plan 2.    Insufficient sales to sustain [...]

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2008 Financial Crisis: The End Game

November 7, 2008

The year is 2020, no burning cities, no mass hysteria, no bread lines; the economy is on an exponential growth curve.  The financial crisis of 2008 ended in an anticlimactic sort of way.  Sure, lots of hedge fund bankers were unemployed for a while and many companies once deemed titans of industry have disappeared, but [...]

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Social Enterprise; Rating Systems

October 31, 2008

There is an ongoing discussion about the rating system for articles posted to a business oriented social network site that I belong to.  While am not part of the discussion, my one and only post to that site had been rated very low despite the fact that I am recognized internationally in the subject matter [...]

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The Ingenesist Project – press release

October 21, 2008

We have launched The Ingenesist Project. The Innovation Economy is an absolutely huge and necessary step forward for all of us. The current financial system is unstable and it will fail. At best, the innovation economy can increase human productivity sufficiently to support the debt load. At worst, there needs to be a system of [...]

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The Capitalization of Knowledge – Innovation Bonds

September 18, 2008

With a computer readable knowledge inventory, local communities of practice, a percentile search engine algorithm, and the virtuous circle of finance, then future innovation cash flows can be predicted much more accurately and with far lower risk than with, say, the venture capitalists acting alone. Were risk is predictable, cash flows are predictable and the [...]

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The Capitalization of Knowledge – The Virtuous Circle

September 18, 2008

We have set up a new game for entrepreneurs to play called Innovation Economics. We have defined a currency and an inventory where knowledge is visible outside the construct of the corporation – and resident in social networks. We have also described a way for entrepreneurs to visualize the knowledge asset and the supply and [...]

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Economics of Innovation

September 16, 2008

Every time humans invent better ways of doing things, the economy gets a little bigger. This is a simple idea. The cave dwellers discovered that they did not have to travel as much hunting and gathering if they could sharpen a rock enough to chop a tree down for firewood or for spearing animals.  That [...]

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