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Dr. Elior Kinarthy: Capital, Labor, Management, Resources, Technology and The Human Factor: The Six Variables of a Sustainable Economics Model

March 4, 2014

Business Systems Laboratory 2nd International Symposium


Advances in Economic and Managerial Theory and Practice

Universitas Mercatorum, Rome, Italy

January 23-24, 2014

Technology is a Two Edged Sword: Generating New Prosperity or Perpetuating Old Scarcity

Professor Elior Kinarthy (emeritus),  Rio Hondo College, California



This paper proposes a new field of commerce for our times. We are witnessing the emergence of a new organizational structure for traditional economics and finance theory, more in tune with uniting and advancing the economies of the world. Studies by psychologists and economists; Kahneman, Thaler, Sunstein and Krugman, and observations by theorist Dan Sullivan and myself point out to a marriage between social media (Facebook, Twitter, LinkedIn, etc.), and exponential technology (mobile apps with infinite storage capacity, wireless, biometric, psychometric, voice and thought recognition), giving birth to a new context for business and social activity. The proposed new context suggests the addition of 3 new framing factor

1. Moore’s Law, describing a field of commerce immersed with exponential growth, doubling microchip power every other year (Moore, 1965, Sullivan, 2005).

2. Rules of behaviorism addressing the subtle psychological interplay between teams of players and regulators in the field of commerce.

3. Rules of classical conditioning that address the subtle emotional interplay between players and regulators in the field of commerce.

These three framing variables added to economics are prime movers in the process of forecasting and assessing risk/benefit in business and commerce. This paper explores 4 derivative trends that have recently emerged in society as a result of these structural changes in economic thinking taking roots.

Note: This is only the Abstract. Copies of full paper sold on Amazon. A free PPP is available from the author.

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