This article provides a property analysis of electronic money, showing that the issuance of electronic money cannot involve a trust. The analysis is also applicable to other digital assets that may be said to involve a trust, and as such provides a timely contribution to current discussions on the legal nature and categorisation of digital assets both in the UK and internationally.

Suppose that you prefer A to B, B to C, and C to A. Your preferences violate Expected Utility Theory by being cyclic. Money-pump arguments offer a way to show that such violations are irrational. Suppose that you start with A. Then you should be willing to trade A for C and then C for B. But then, once you have B, you are offered a trade back to A for a small cost. Since you prefer A to B, (...) you pay the small sum to trade from B to A. But now you have been turned into a money pump. You are back to the alternative you started with but with less money. This Element shows how each of the axioms of Expected Utility Theory can be defended by money-pump arguments of this kind. The Element also defends money-pump arguments from the standard objections to this kind of approach. This title is also available as Open Access on Cambridge Core. (shrink)

E-money systems have revolutionized global business transactions through digital payment methods. This quantitative correlational study aimed to assess the awareness and acceptance of e-money among individuals in Balayan, Batangas. Employing quota and purposive sampling, 100 participants aged 21 to 70 completed a survey questionnaire. Statistical analysis revealed that consumers were aware of e-money but lacked comprehensive knowledge. They acknowledged the convenience of e-money for online shopping and expense tracking. Age significantly influenced acceptance, while gender did not (...) exhibit a similar effect. Significant differences were observed in awareness and acceptance levels. Recommendations for improving acceptance include administrator-led campaigns, business incentives, consumer education, financial institution partnerships, and integration into student curricula. The study underscores the need for targeted strategies to translate e-money knowledge into practical use. Future research should explore adoption trends over time, barriers, and the impact of regulations on e-money utilization. (shrink)

There are many explanations for the value of money, but they all seem to depend on things like "trust," "shared fiction," "agreement" or even potentially circular logic like that money's value is based on its usefulness as money. But there is a full process by which money, the desire we feel for it, and even how we end up trading it, can emerge naturally from the dynamics of natural selection and human interaction, with a basis in (...) real value, and happening repeatedly and reliably, even if a group of people all agree that money or precious metals are worthless. We discuss this fully in the paper "The Monetary Instinct," but here, for accessibility's sake, the entire concept is described in one-page. (shrink)

The money-pump argument aims to show that cyclic preferences are irrational. The argument can be based on a number of different exploitation schemes that vary in what needs to be assumed about the agent. The Standard Money Pump works for myopic and naive agents, but not for sophisticated agents who use backward induction. The Upfront Money Pump works for sophisticated agents, but not for myopic or naive agents. In this paper, I present a new money pump, (...) the Universal Money Pump, that works for myopic, naive, and sophisticated agents. Moreover, the Universal Money Pump (just like the Upfront Money Pump) also works for minimally sophisticated agents who need not assume that they will choose rationally at nodes that can only be reached by irrational choices. This enables an argument that rational preferences are acyclic, which is based on weaker assumptions about dynamic rationality than existing money-pump arguments. (shrink)

I show, in words of one block of sound, that, while those whose likes form a loop could stop some wealth pumps if they now did what they would like most based on what they thought they would do next, there are wealth pumps they could not stop in that way.

People have said for generations that money is based on "trust," or "shared fiction." But that doesn't explain why cultures all eventually come to value the same metals or items as money. Others have said that the value of money depends on the way it facilitates trade, but even that doesn't explain where the value emerges before people agree to use money to trade. In actuality, there's a real value to gold, silver, and other forms of (...) money that makes them reliably gain worth to people, and will emerge eventually even if everyone in a society does not like or believe in those precious metals or possessions. This is because possessing scarce objects has real reputational value among people, since having those objects indicates that we can go outside the known territory, and we instinctively collect and want things that have known scarcity. When that scarcity combines with other traits like transferability, durability and so on, we can see that money naturally emerges in society. We can use this idea to also see the real value and desire that people have for new forms of money like cryptocurrencies, and to know what will or won't emerge and last as a form of money in the future. (shrink)

When product design teams gather at the whiteboard in big-tech office parks and startup garages around the world, they ask themselves: How will customers use our technology? Is it better than our competitors’? How much money can we make? But one question that’s rarely asked: does our technology advance human flourishing? -/- In a new white paper by Harvard professor Danielle Allen and her colleagues Eli Frankel, Woojin Lim, Divya Siddarth, Josh Simons, and Glen Weyl entitled “The Ethics of (...) Decentralized Social Technologies: Lessons from Web3, the Fediverse, and Beyond,” the authors not only ask this question but offer a powerful framework for answering it. Drawing on the accumulated wisdom of democratic societies, the authors show that the values of democratic governance that have promoted human flourishing can be translated into a rubric for judging new technologies. -/- In this short research brief, we unpack and comment on the four-step logic at the core of their case. Ultimately, their argument demonstrates the power and the challenge – and above all, the urgency – of placing human flourishing at the center of technology governance. (shrink)

The nucleus accumbens orchestrates processes related to reward and pleasure, including the addictive consequences of repeated reward (e.g., drug addiction and compulsive gambling) and the accompanying feelings of craving and anhedonia. The neurotransmitters dopamine and endogenous opiates play interactive roles in these processes. They are released by natural rewards (i.e., food, water, sex, money, play, etc.) and are released or mimicked by drugs of abuse. Repeated drug use induces conditioned down-regulation of these neurotransmitters, thus causing painful suppression of everyday (...) pleasure. As with many spiritual traditions, Buddhism provides strong advice against the pursuit of worldly pleasures to attain the ‘‘good life.’’ In contrast, many forms of meditation give rise to an immense and abiding joy. Most of these practices involve ‘‘stilling the mind,’’ whereby all content-laden thought (e.g., fantasies, daydreams, plans) ceases, and the mind enters a state of openness, formlessness, clarity, and bliss. This can be explained by the Buddhist suggestion that almost all of our everyday thoughts are a form of addiction. It follows that if we turn off this internal ‘‘gossip of ego,’’ we will find relief from the biochemical dopamine/opiate down-regulation, which is, perhaps, the perpetual concomitant of our daily rumination. (shrink)

In “The Irrelevance of the Diachronic Money-Pump Argument for Acyclicity,” The Journal of Philosophy CX, 8 (August 2013), 460-464, Johan E. Gustafsson contends that if Davidson, McKinsey and Suppes’ diachronic money-pump argument in their "Outlines of a Formal Theory of Value, I," Philosophy of Science 22 (1955), 140-160 is valid, so is the synchronic argument Gustafsson himself offers. He concludes that the latter renders irrelevant diachronic choice considerations in general, and the two best-known diachronic solutions to the (...) class='Hi'>money pump problem in particular. I argue here that this reasoning is incorrect, and that Gustafsson’s synchronic argument is faulty on independent grounds. Specifically, it is based on a false analogy between the derivation of a synchronic ordinal ranking from a transitive series of pairwise comparisons, and the putative derivation of such a ranking from an intransitive series. The latter is not possible under the assumption of revealed preference theory, and is highly improbable even if that assumption is rejected. Moreover, Gustafsson’s argument raises issues of fidelity to the historical texts that must be addressed. I conclude that the money pump, and cyclical choice more generally, are necessarily diachronic; and therefore that the two best-known diachronic solutions to the money pump problem remain relevant. (shrink)

In The Construction of Social Reality, John Searle develops a theory of institutional facts and objects, of which money, borders and property are presented as prime examples. These objects are the result of us collectively intending certain natural objects to have a certain status, i.e. to ‘count as’ being certain social objects. This view renders such objects irreducible to natural objects. In this paper we propose a radically different approach that is more compatible with standard economic theory. We claim (...) that such institutional objects can be fully understood in terms of actions and incentives, and hence the Searlean apparatus solves a non-existent problem. (shrink)

What does being money consist in? We argue that something is money if, and only if, it is typically acquired in order to realise the reduction in transaction costs that accrues in virtue of agents coordinating on acquiring the same thing when deciding what thing to acquire in order to exchange. What kinds of things can be money? We argue against the common view that a variety of things (notes, coins, gold, cigarettes, etc.) can be money. (...) All monetary systems are best interpreted as implementing the same basic protocol. Money, i.e. the thing that we coordinate on acquiring in order to lower our transaction costs, is, in all cases, a set of positions on an abstract mathematical object, namely a relative ratio scale. The things that we ordinarily call ‘money’ are merely records of positions on such a scale. (shrink)

What is money? Paraphrasing Goodman, I say that’s the wrong question to ask. The right question is, When is money? And to get the answer, Searle’s general formula for social objects (X couns as Y in context C) is fine, as long as you give it a different reading.

This is a sequel to my paper "Il denaro è un’opera d’arte", focusing on the metaphysics of those peculiar social objects that play an increasingly central role in the financial world—derivatives. On the analysis I offer, they appear to run afoul of Searle’s theory of social objects (or of the theory outlined in my earlier paper), and I put forward some suggestions on where to look for the necessary adjustments.

Society or individuals? WHat must be saved? There's any hope to social and virtual violence or It is Just the way It Is?

Famous ant-man E.O. Wilson has always been one of my heroes --not only an outstanding biologist, but one of the tiny and vanishing minority of intellectuals who at least dares to hint at the truth about our nature that others fail to grasp, or insofar as they do grasp, studiously avoid for of political expedience. Sadly, he is ending his long career in a most sordid fashion as a party to an ignorant and arrogant attack on science motivated at least (...) in part by religious fervor. It shows the vile consequences when universities accept money from religious groups, science journals are so awed by big names that they avoid proper peer review, and when egos are permitted to get out of control. It takes us into the nature of evolution, the basics of scientific methodology, how math relates to science, what constitutes a theory, and even what attitudes to religion and generosity are appropriate as we inexorably approach the collapse of industrial civilization. -/- Those wishing a comprehensive up to date framework for human behavior from the modern two systems view may consult my book ‘The Logical Structure of Philosophy, Psychology, Mind and Language in Ludwig Wittgenstein and John Searle’ 2nd ed (2019). Those interested in more of my writings may see ‘Talking Monkeys--Philosophy, Psychology, Science, Religion and Politics on a Doomed Planet--Articles and Reviews 2006-2019 3rd ed (2019), The Logical Structure of Human Behavior (2019), and Suicidal Utopian Delusions in the 21st Century 4th ed (2019). (shrink)

We provide an overview of Searle's contributions to speech act theory and the ontology of social reality, focusing on his theory of constitutive rules. In early versions of this theory, Searle proposed that all such rules have the form 'X counts as Y in context C' formula – as for example when Barack Obama (X) counts as President of the United States (Y) in the context of US political affairs. Crucially, the X and the Y terms are here identical. A (...) problem arises for this theory for cases involving 'free-standing Y terms', as for example in the case of money in a computerized bank account. Here there is no physical X to which a status function might be attached. We conclude by arguing that Searle's response to this problem creates difficulties for his naturalistic framework. (shrink)

Contemporary discussion concerning institutions focus on, and mostly accept, the Searlean view that institutional objects, i.e. money, borders and the like, exist in virtue of the fact that we collectively represent them as existing. A dissenting note has been sounded by Smit et al. (Econ Philos 27:1–22, 2011), who proposed the incentivized action view of institutional objects. On the incentivized action view, understanding a specific institution is a matter of understanding the specific actions that are associated with the institution (...) and how we are incentivized to perform these actions. In this paper we develop the incentivized action view by extending it to institutions like property, promises and complex financial organisations like companies. We also highlight exactly how the incentivized action view differs from the Searlean view, discuss the method appropriate to such study and discuss some of the virtues of the incentivized action view. (shrink)

Bribing doctors for preferential treatment is rampant in the healthcare system of developing countries like Vietnam. Although bribery raises the out-of-pocket expenditures of patients, it is so common to be deemed an “envelope culture.” Given the little understanding of the underlying mechanism of the culture, this study employed the mindsponge theory for reasoning the mental processes of both patients and doctors for why they embrace the “envelope culture” and used the Bayesian Mindsponge Framework (BMF) analytics to validate our reasoning. Analyzing (...) responses from 1042 Vietnamese patients, we discovered that bribing doctors can help patients reduce the destitution risk induced by treatment. Such effect of doctor bribery remains consistent among patients that have to pay high daily costs (e.g., accommodation and subsistence fees) regardless of their employment status. Nevertheless, for patients with no or unstable jobs, their risks of destitution increase if they have to pay more thank-you money. These findings suggest that doctor bribery is an adaptive strategy for patients in an environment where the healthcare supply cannot meet the actual demand. Moreover, healthcare equity is greatly exacerbated due to the envelope culture, as vulnerable individuals are exposed to a greater threat of poverty. At the same time, those with good economic conditions get preferential treatment by paying a higher amount of thank-you money. Healthcare workers’ ethics must be the top priority for an equitable and proper healthcare system. (shrink)

Effective altruists recommend that we give large sums to charity, but by far their more central message is that we give effectively, i.e., to whatever charities would do the most good per dollar donated. In this paper, I’ll assume that it’s not wrong not to give bigger, but will explore to what extent it may well nonetheless be wrong not to give better. The main claim I’ll argue for here is that in many cases it would be wrong of you (...) to give a sum of money to charities that do less good than others you could have given to instead, even if it would not have been wrong of you not to give the money to any charity at all. I assume that all the charities under discussion here do positive good overall, do not cause harm, do not infringe rights, etc. What makes my main claim here particularly interesting is that it is inconsistent with what appears to be a fairly common assumption in the ethics of giving, according to which if it is not wrong of you to keep some sum of money for yourself, then it is likewise not wrong of you to donate it to any particular charity you choose. Roughly: if it’s up to you whether to donate the money, it’s also up to you where to donate the money. I challenge this common assumption. (shrink)

In this chapter, I critically examine issues relevant to the construction and reality of social categories, focusing on issues concerning conceptual schemes and conventionalism. Conceptual schemes (‘paradigms,’ ‘linguistic frameworks,’ ‘forms of life’) are systems of concepts that organize and give (intersubjective) meaning to empirical experience. In discussions about the construction of social categories, a common assumption is that social categories and kinds (e.g., ‘money,’ ‘marriage,’ ‘liberal’) require the presupposition of a conceptual scheme that gives meaning to those terms. One (...) prominent position in social ontology (Lewis, 1969, Gilbert 1989, 2014, Searle 1995) holds that the reality of social categories is grounded in a conventionalist conceptual scheme: social categories are conventionally accepted categories that reflect explicit or implicit agreements within a community. According to this view, the reality of social categories and kinds is established (and maintained) by contingent and arbitrary conventional decisions about social categories (e.g., laws about legal tender, marriage laws, the one-drop rule). Conventions can be understood as social customs (e.g., rules governing traffic, marriage laws, institutionalized rules about sex and gender) that serve some human purpose or interest. They are important for the establishment and maintenance of social norms (see Bicchieri 2006, 2017). -/- The chapter proceeds as follows. In section 2, I examine the general idea of conceptual schemes, focusing on Kuhn’s influential theory of paradigms. While Kuhn’s position implies a conceptual relativity and anti-realism (or instrumentalism) about scientific concepts, Davidson and Popper challenge the Kuhnian orthodoxy that the presence of conceptual schemes implies conceptual relativity or ‘incommensurability’ of competing conceptual schemes. I argue that a key difference between scientific and social conceptual schemes is that the former are oriented towards describing nature, whereas the latter are oriented towards social utility or usefulness. In section 3, I examine some foundational works in social ontology—focusing on the accounts of Lewis, Gilbert, and Searle—that hold that social categories are grounded by a conventionalist conceptual scheme. These accounts of social categories imply that the reality of social categories is constituted by (or grounded in) social conventions, which ultimately reflect (or are anchored by) explicit or implicit community-level agreements. In section 4, I survey some prominent accounts of social human categories, focusing on the views of Hacking, Khalidi, Mallon, Haslanger, and Ásta. A common tendency in these accounts is the portrayal of social categories as social to the extent that they are conventionally determined. This suggests that the proper contrast class for social categories is natural categories (as opposed to individual categories or innate categories). (shrink)

Solar radiation management (SRM) may help to reduce the negative outcomes of climate change by minimising or reversing global warming. However, many express the worry that SRM may pose a moral hazard, i.e., that information about SRM may lead to a reduction in climate change mitigation efforts. In this paper, we report a large-scale preregistered, money-incentivised, online experiment with a representative US sample (N = 2284). We compare actual behaviour (donations to climate change charities and clicks on climate change (...) petition links) as well as stated preferences (support for a carbon tax and self-reported intentions to reduce emissions) between participants who receive information about SRM with two control groups (a salience control that includes information about climate change generally and a content control that includes information about a different topic). Behavioural choices are made with an earned real-money endowment, and stated preference responses are incentivised via the Bayesian Truth Serum. We fail to find a significant impact of receiving information about SRM and, based on equivalence tests, we provide evidence in favour of the absence of a meaningfully large effect. Our results thus provide evidence for the claim that there is no detectable moral hazard with respect to SRM. [Open access]. (shrink)

The ‘limits of markets’ debate broadly concerns the question of when it is (im)permissible to have a market in some good. Markets can be of tremendous benefit to society, but many have felt that certain goods should not be for sale (e.g., sex, kidneys, bombs). Their sale is argued to be corrupting, exploitative, or to express a form of disrespect. InMarkets without Limits, Jason Brennan and Peter Jaworski have recently argued to the contrary: For any good, as long as it (...) is permissible to give it for free, then it is permissible to give it for money. Their thesis has led to a number of engaging objections, and I leverage recent work on the nature of feasibility within political philosophy to offer a new challenge.I argue that feasibility offers a constraint on which markets can be permissibly implemented. Though it may be possible to create a morally acceptable version of an otherwise repugnant market, some of these markets may be infeasible, and so we are not permitted to implement them. After laying out this challenge, I consider several replies. They concern the relevance of feasibility, and whether any markets really are infeasible. This provides an opportunity to explore the dangers of pursuing the infeasible and with markets generally. I conclude by considering what might lead us to pursue these markets despite their infeasibility, or how knowledge of infeasibility may prove useful regardless. (shrink)

The study aims to investigate indigenous communities’ socio-economic impacts as a result of the COVID-19 pandemic and to explore coping strategies to aid in the socio-economic recovery of indigenous communities. -/- The COVID-19 pandemic has had a negative impact on indigenous people's livelihoods, including employment and income, education, the migration of people, health, and natural resources. As a result of COVID-19, the indigenous people have lost their employment and income. The price of fish has decreased, which has lowered their ability (...) to make money from selling fish. Migrant workers returned home because they were concerned about their health security and many lost their jobs. Schools were closed because of COVID-19 and this increased education inequality. Health was impacted because it was difficult to access health services due to restrictions on travel. Returning migrants have pressured forest and fishery resources through increases in the number of fishers, which include the migrants who have returned to their own village. -/- The RGC, rural communities and indigenous communities have taken a number of measures to cope with the issues stemming from COVID-19. Migrant workers tried to look for local employment, used fishing to supplement household consumption and income needs, and often borrowed money from neighbors. Students attempted to use e-learning that was facilitated by the government; teachers visited some students’ homes, and older students supported younger students in their school lessons. In terms of health, home visits were facilitated for pregnant women, and people sought permission to travel to health centers. After giving birth, families were visited and offered a small amount of money to support their basic needs. To deal with natural resources, some coping strategies included smaller groups of patrolling teams, support grants from CSOs for forest and fishery resource patrolling, drone delivery to community fishery committees, and requesting community members to report illegal fishing or logging. And to minimize the spread of COVID-19, a mandatory 14-day quarantine at home was imposed on all people returning to the village. (shrink)

English: Effective altruism has focused on moral efficiency, i.e. the ratio of the resources used (money, time ...) to the moral benefit achieved, in addition to the extent of our moral commitment, and has called for the maximum efficiency of moral commitment. This raises two questions, among others, which are the subject of this paper: 1. How does one calculate moral efficiency? 2. Is maximum moral efficiency the right moral decision-making criterion? In the article, efficiency calculations of donations for (...) two charitable projects are presented in detail (question 1): distribution of mosquito nets in malaria areas in sub-Saharan Africa and maintenance of a children's village in Guatemala. The result is that the children's village project is clearly less efficient. Should it therefore be abandoned, although it seems to be a very useful project (question 2)? (shrink)

In this essay, I take up the question of why so many of the movies made by Hollywood are endless sequels, “prequels,” and remakes of prior blockbuster hits and so many are based on comic books (X-men, Superman, Batman, and so on). I tie the explanation in part to the aforementioned 1950 Supreme Court ruling prohibiting production companies, and in part to broader cultural changes. In particular, I argue that precisely because film producers can no longer make money from (...) the concessions (i.e., the purchases within the theater), but only of the ticket sales, the producers keep producing remakes of known popular movies, rather than make deeply original movies. (shrink)

Finding something humorous is intrinsically rewarding and may facilitate emotion regulation, but what creates humour has been underexplored. The present experimental study examined humour generated under controlled conditions with varying social, affective, and cognitive factors. Participants listed five ways in which a set of concept pairs (e.g. MONEY and CHOCOLATE) were similar or different in either a funny way (intentional humour elicitation) or a “catchy” way (incidental humour elicitation). Results showed that more funny responses were produced under the incidental (...) condition, and particularly more for affectively charged than neutral concepts, for semantically unrelated than related concepts, and for responses highlighting differences rather than similarities between concepts. Further analyses revealed that funny responses showed a relative divergence in output dominance of the properties typically associated with each concept in the pair (that is, funny responses frequently highlighted a property high in output dominance for one concept but simultaneously low in output dominance for the other concept); by contrast, responses judged not funny did not show this pattern. These findings reinforce the centrality of incongruity resolution as a key cognitive ingredient for some pleasurable emotional elements arising from humour and demonstrate how it may operate within the context of humour generation. (shrink)

The early Stoics diagnose vicious agents with various psychological diseases, e.g. love of money and love of wine. Such diseases are characterized as false evaluative opinions that lead the agent to form emotional impulses for certain objects, e.g. money and wine. Scholars have therefore analyzed psychological diseases simply as dispositions for assent. This interpretation is incomplete, I argue, and should be augmented with the claim that psychological disease also affects what kind of action-guiding impressions are created prior to (...) giving assent. This proposal respects the Stoic insistence that impression-formation, no less than assent, is an activity of reason. In so far as the wine-lover’s reason is corrupted in a different way from the money-lover’s, the two vicious agents will form different action-guiding impressions when faced with similar stimuli. Here I juxtapose the Stoic account of expertise, according to which experts form more precise action-guiding impressions compared to the amateur, in virtue of possessing a system of grasps (katalēpseis). So expertise enhances, whereas psychological disease degrades, the representational fidelity of the impressions that prefigure action. With these commitments, the Stoics can be seen to offer a nuanced and principled theory of cognitive penetration and to anticipate some recent proposals in epistemology and cognitive science. (shrink)

Using friendship studies from the perspectives of philosophy, psychology, history, classics, political science, sociology, ethology, neuroscience, semiotics and other disciplines, the volume uses the encyclopedic format to construct both a positive ontology (based on empirical evidence) of friendship, as well as discussing friendship's "negative ontology" (i.e., its uncertainties, ambivalences, unknowns, and ineffable aspects), to outline a multidisciplinary comparative approach to different philosophical models of friendship (e.g., ancient Greek, Indian, Roman, modern), and to explore the inner connection between friendship and philosophy (...) (as a way of life and a friendship with wisdom). Among the emergent categories are 1. Issues (e.g., money, mutuality, satisfaction). 2. Models (e.g., the ancient Greek, the Indian, the modern model of friendship). 3. Kinds or types of friendship (e.g., bad friends, noblest friendship, typologies). 4. Incoherence of theoretical typologies (e.g., complexity, ineffability, thisness). 5. Technical terms (e.g., bestowal, friend-shield effect, homophily). 6. Theories, accounts (e.g. Silver’s thesis, Dunbar’s number, mirror account of friendship). 7. Cases of friendships (e.g., Achilles and Patroclus, Murdoch’s friends, famous friends). 8. Philosophers on friendship (e.g., Aristotle, Kant, Weil). 9. Motifs and themes (e.g., gift, pleasure, social media). 10. Concepts (e.g., eros, presentism, tacit knowledge). 11. Proverbs (e.g., Faroese, Jamaican, Swahili proverbs). 12. Friendship studies (e.g., anthropology, history, semiotics of friendship). (shrink)

A Balanced Economic Model: The Feedback Loop Between Public and Private Sectors with MMT as a Stabilizing Mechanism -/- Introduction -/- Modern capitalism thrives on competition, profit motives, and consumer demand. However, the system is flawed because it allows extreme wealth inequality, market instability, and frequent economic crashes. Advertising, as an essential part of capitalism, manipulates consumer behavior to sustain profits. While this fuels economic growth, it also distorts the real needs of society. -/- A better alternative Is a hybrid (...) economic model where government-created jobs, social safety nets, and free public services coexist with a profit-driven private sector. The key to making this work is a feedback loop mechanism that keeps the two sectors balanced, ensuring economic stability while preventing extreme inequality and unnecessary market collapses. This essay explores how Modern Monetary Theory (MMT) can support this feedback loop economy to create a self-regulating system where both public and private sectors benefit from each other. -/- I. The Feedback Loop Between Private Companies and Government Economic Policies -/- A feedback loop mechanism is a self-regulating system where different components interact, adjust, and respond to maintain balance. In the economy, the public sector (government jobs, social safety nets, and public services) and the private sector (businesses, investments, and free markets) create a mutual dependency: -/- 1. Government Spending Creates Consumer Demand → Private Sector Growth -/- Government creates jobs with good salaries in infrastructure, education, healthcare, and technology. -/- This injects money into the economy, giving people the purchasing power to buy goods and services from private companies. -/- As demand increases, businesses grow, hire more workers, and expand operations. -/- 2. Private Sector Growth → Increases Government Revenue Without High Taxation -/- As private companies generate profits, they pay taxes and reinvest in expansion. -/- Strong consumer demand reduces the need for excessive taxation because economic growth itself funds public programs. -/- Businesses compete not only for profits but also for innovation and efficiency. -/- 3. Social Safety Nets Prevent Market Collapses -/- During recessions, government stabilizes the economy by expanding social programs (unemployment benefits, food assistance, healthcare). -/- This prevents demand from crashing, ensuring that businesses still have customers even in economic downturns. -/- As the economy recovers, government reduces spending, allowing the private sector to take the lead again. -/- This dynamic cycle ensures that economic booms and recessions are smoothed out, preventing extreme market crashes or mass unemployment. -/- II. The Role of MMT in Supporting the Feedback Loop -/- Modern Monetary Theory (MMT) provides the economic foundation for this model by proving that a sovereign government can spend money without being constrained by traditional budget rules. Unlike mainstream economic thinking, which suggests that governments must “balance the budget,” MMT argues that government spending should adjust based on economic conditions. -/- 1. Government-Backed Job Programs as an Economic Stabilizer -/- MMT allows governments to fund public jobs without relying solely on taxation. -/- If private companies cut jobs, the government can expand its workforce to absorb the unemployed. -/- When the economy stabilizes, people move back to higher-paying private jobs, reducing government spending. -/- 2. Preventing Inflation Through Resource Control -/- MMT acknowledges that inflation happens when there’s too much money chasing too few goods. -/- The government can remove excess money through targeted taxation and invest in productivity (e.g., infrastructure, education) to keep supply stable. -/- This prevents excessive inflation while keeping the economy growing. -/- 3. Continuous Money Circulation Without Debt Crises -/- Governments can print money to fund essential services, but they control inflation by investing in real production capacity (e.g., factories, renewable energy, technology). -/- This means public investment directly benefits private businesses, keeping both sectors in sync. -/- This MMT-backed feedback loop ensures that economic downturns do not lead to catastrophic business failures or mass unemployment. -/- III. The Role of Advertising in a Balanced Economic System -/- Advertising, while necessary for businesses, often manipulates consumer behavior in a way that creates artificial demand. In a feedback loop economy, advertising should be regulated to align with real consumer needs rather than exploiting psychological weaknesses. -/- 1. Ethical Advertising Policies -/- Companies should be incentivized to market based on quality and innovation rather than manipulation. -/- False advertising and monopolistic dominance should be regulated to prevent consumer exploitation. -/- 2. Consumer Education Programs -/- Public education should include critical thinking courses to help people make informed purchasing decisions. -/- This reduces the influence of manipulative advertising, ensuring that businesses compete fairly. -/- This ensures that the feedback loop remains healthy, preventing unnecessary overproduction and unsustainable consumer debt. -/- IV. Real-World Examples of a Balanced System -/- Some countries have successfully implemented elements of this feedback loop economic model: -/- Nordic Countries (Sweden, Norway, Denmark, Finland) -/- Have free healthcare, education, and social safety nets while maintaining a competitive private sector. -/- Use progressive taxation to prevent extreme inequality, ensuring that economic growth benefits everyone. -/- Germany -/- Uses government-backed vocational training programs to ensure a highly skilled workforce. -/- Strong public-private partnerships help both sectors support each other dynamically. -/- Japan -/- Government plays a major role in funding research, infrastructure, and innovation, allowing private businesses to thrive. -/- Uses state-owned enterprises strategically while ensuring a competitive private market. -/- These examples prove that a properly managed hybrid model is more resilient, fair, and stable than extreme capitalism or extreme socialism. -/- V. Conclusion: A Self-Regulating Economy for the Future -/- A feedback loop economic system provides the best of both worlds: ✔ Government ensures economic stability through public job creation and social safety nets. ✔ Private companies drive innovation and competitiveness with strong consumer demand. ✔ MMT allows government spending to adjust dynamically without unnecessary austerity measures. ✔ Advertising is reformed to encourage ethical business practices and informed consumer choices. ✔ Inflation is controlled through taxation, investment, and resource management. -/- By integrating these feedback loop mechanisms, we can create a self-regulating economic model where both public and private sectors reinforce each other, ensuring long-term stability, prosperity, and economic fairness. -/- Policy Framework for a Balanced Economic System: Global Best Practices -/- To fully integrate the feedback loop mechanism between the public and private sectors, specific policies must be implemented to ensure economic stability, innovation, and fairness. Below are real-world policy examples that demonstrate how different countries successfully manage their economies using a mix of government intervention and free market principles. -/- I. Public Job Creation as an Economic Stabilizer -/- One of the biggest issues in capitalism is economic recessions leading to mass layoffs, which then reduce consumer spending, creating a vicious cycle of economic decline. The solution is public sector job programs that absorb unemployed workers during downturns and allow them to transition back to private jobs when the economy improves. -/- Global Examples -/- ✔ United States (New Deal Programs – 1930s) -/- During the Great Depression, the U.S. government created millions of jobs in construction, public works, and conservation projects. -/- These projects boosted infrastructure while providing employment, helping to revive the economy. -/- ✔ Argentina’s Jefes de Hogar Program (2002-2006) -/- Aimed at mitigating mass unemployment during Argentina’s economic crisis. -/- The government hired unemployed citizens to work in community service, infrastructure, and public health projects. -/- Created social stability and demand for private goods, helping Argentina recover. -/- ✔ Germany’s Kurzarbeit Program (Ongoing) -/- In times of economic slowdown, the German government pays companies to keep workers employed at reduced hours rather than laying them off. -/- This prevents mass unemployment, ensuring that workers still have income and spending power. -/- Policy Recommendation: → Implement automatic public employment programs during recessions to keep demand stable and prevent economic crashes. -/- II. Social Safety Nets to Support Consumer Demand -/- A strong social safety net ensures that consumers have purchasing power even in economic downturns, keeping the private sector stable. -/- Global Examples -/- ✔ Nordic Model (Denmark, Sweden, Norway, Finland) -/- Provides free healthcare, education, and unemployment benefits, preventing extreme poverty. -/- Funded through progressive taxation, ensuring that the wealthy contribute fairly to society. -/- This creates a stable consumer base for private companies, benefiting the entire economy. -/- ✔ Universal Basic Income (UBI) Experiments (Finland, Canada, Kenya) -/- Finland tested a UBI program where unemployed citizens received a monthly payment regardless of employment status. -/- Results showed that recipients were more likely to start businesses and find better jobs, proving that social safety nets do not reduce work incentives. -/- ✔ Singapore’s Housing and Retirement System -/- The government helps citizens buy homes with public funds, ensuring stable housing. -/- A mandatory retirement savings system (Central Provident Fund) ensures that people have money after they retire. -/- These policies reduce financial anxiety, allowing people to focus on entrepreneurship and economic growth. -/- Policy Recommendation: → Implement universal healthcare, free education, and unemployment benefits to ensure that economic downturns do not collapse consumer spending. -/- III. Regulating Advertising to Align with Consumer Needs -/- Unregulated advertising manipulates consumer behavior, creating unnecessary demand and overconsumption, which destabilizes economies. Governments can regulate advertising to ensure ethical business practices. -/- Global Examples -/- ✔ European Union (Strict Advertising Laws) -/- The EU bans false advertising, ensuring that companies cannot make misleading claims about their products. -/- Certain junk food and alcohol ads are restricted to protect public health. -/- ✔ France’s Ban on Child-Targeted Advertising -/- Prevents unethical marketing towards children, reducing unnecessary consumerism. -/- ✔ Japan’s Culture of Product Quality Over Hype -/- Japanese companies emphasize product reliability and long-term value, reducing dependence on manipulative advertising. -/- Policy Recommendation: → Implement ethical advertising regulations to prevent false marketing, predatory ads targeting vulnerable consumers, and excessive consumer debt. -/- IV. Public-Private Partnerships for Innovation and Infrastructure -/- Rather than treating the government and private sector as separate entities, a well-balanced system interconnects them through public-private partnerships (PPPs) to drive innovation. -/- Global Examples -/- ✔ Germany’s Mittelstand Model (SME Support System) -/- The German government provides long-term financial support to small and medium-sized enterprises (SMEs), which are the backbone of the economy. -/- Ensures that private businesses have stable growth without excessive corporate monopolies. -/- ✔ China’s State-Led Economic Model (Strategic Government Investments) -/- The government invests heavily in infrastructure and technology, allowing private businesses to thrive with low-cost logistics and energy. -/- Balances capitalist competition with government support, ensuring stability. -/- ✔ United States (NASA & SpaceX Collaboration) -/- NASA funded SpaceX and other private space companies, leading to rapid innovation in space technology. -/- This proves that government funding can accelerate private sector breakthroughs. -/- Policy Recommendation: → Use government funding to support innovation and long-term infrastructure projects while allowing private businesses to benefit and expand. -/- V. MMT as a Tool for Economic Stability -/- Traditional economic models suggest that governments must “balance their budgets” like households, but this is a flawed concept. Modern Monetary Theory (MMT) argues that sovereign nations with their own currency (like the U.S., Japan, and the UK) can create money to fund essential services without relying on debt from private banks. -/- How MMT Works in Practice -/- ✔ Japan’s National Debt Strategy -/- Japan has one of the highest debt-to-GDP ratios in the world, yet it has no financial crisis because it borrows in its own currency. -/- Instead of austerity, Japan uses public investment to maintain economic stability. -/- ✔ U.S. Stimulus During COVID-19 -/- The U.S. government printed money to send direct payments to citizens, preventing a total economic collapse. -/- Inflation was controlled by adjusting taxation and investment in production capacity. -/- ✔ EU’s Post-COVID Recovery Fund -/- The European Union used public money to stabilize industries and workers, preventing extreme recessions. -/- Policy Recommendation: → Use MMT-based strategies to fund infrastructure, social programs, and innovation, ensuring economic stability without excessive reliance on private banking debt. -/- VI. Conclusion: Creating a Self-Regulating Economy -/- A feedback loop economy that integrates public job creation, private sector competition, social safety nets, and MMT-backed fiscal policies provides a self-regulating system that ensures: -/- ✔ Stable employment and consumer demand even during economic downturns. ✔ Innovation and competition in the private sector without excessive monopolies or market crashes. ✔ Government-funded infrastructure and social programs that benefit both workers and businesses. ✔ Ethical advertising that prevents consumer exploitation and unnecessary debt. ✔ Balanced inflation control through strategic taxation and investment. -/- By combining the best policies from different global models, we can build an economic system that minimizes business bankruptcies, prevents recessions, and maximizes innovation and economic fairness. -/- . (shrink)

During the current financial crisis, the need for an alternative to a laissez-faire ethics of capitalism (the Milton Friedman view) becomes clear. I argue that we need an order ethics which employs economics as a key theoretical resource and which focuses on institutions for implementing moral norms. -/- I will point to some aspects of order ethics which highlight the importance of rules, e.g. global rules for the financial markets. In this regard, order ethics (“Ordnungsethik”) is the complement of the (...) German conception of “Ordnungspolitik” which also stresses the importance of a regulatory framework. This framework is needed not to tame the market, but to make it more profitable in the long run. -/- The conception of order ethics relies heavily on contractarianism, especially on James Buchanan’s work. Unlike many other conceptions of ethics, it does not start with an aim to achieve, but rather with an account of what the social world – in which ethical norms have to be implemented – is like. Our social world is different from the pre-modern one. Pre-modern societies played zero-sum games in which people could only gain significantly at the expense of others. And the types of ethics that we are still used to today have been developed within these pre-modern societies. -/- Modern societies, by contrast, can be characterised – by economists and other social theorists alike – as societies with continuous growth. This growth has only been made possible by the modern competitive market economy which enables everyone to pursue his own interests within a carefully devised institutional system. In this system, positive sum games are played, which makes it in principle possible to improve the position of every individual at the same time. Most kinds of ethics, however, resulting from the conditions of pre-modern societies, ignore the possibility of win-win-situations and instead require us to be moderate, to share, to sacrifice, as this would have been functional in zero-sum games. These conceptions distinguish – in more or less strict ways – between self-interest and altruistic motivation. Self-interest, more often than not, is ultimately seen as something evil. -/- Such an ethics cannot be functional in modern societies. Ethical concepts lag behind. Within zero-sum games, it was necessary to call for temperance, for moderate profits, or for a condemnation of lending money at interest. Within positive-sum games, however, the morally desired result of a social process cannot be brought about by changes in motivation, by switching from ‘egoistic’ to ‘altruistic’ motivation. The second theoretical element introduced by order ethics is the distinction between actions and rules, which was already mentioned. Traditional ethics concerns actions: It calls directly for changes in behaviour. This is a consequence of pre-modern conditions as reconstructed before: People in the pre-modern world were only able to control their actions, not so much however the conditions of their actions. In particular, rules like laws, constitutions, social structures, the market order, and also ethical norms have remained stable for centuries. In modern societies, this situation has changed entirely. The rules governing our actions have increasingly come under our control. -/- In this situation, ethics has to focus on rules. Morality must be incorporated in incentive-compatible rules. Direct calls for changes in behaviour without changes in the rules lead only to an erosion of compliance with moral norms. Individuals that continue to behave ‘morally’ will be singled out, because the incentives have not been changed. Moral norms which are to be justified cannot require people to abstain from pursuing their own advantage. People abstain from taking ‘immoral’ advantages only if adherence to ethical norms yields greater benefits over the planned sequence of actions than defection in the single case. Thus ‘abstaining’ is not abstaining in the long run, it is rather an investment in expectations of long-term benefits. By adhering to ethical norms, I become a reliable partner for interactions. The norms do indeed constrain my actions, but they simultaneously expand my options in interactions. And people consent to rules only if these rules hold greater advantages for them, at least in the long run. -/- In general, ethics cannot require people to abandon their individual calculation of advantages. However, it may suggest improving one’s calculation, by calculating in the long run rather than in the short run, and by taking into account the interests of our fellows, as we depend on their acceptance for reaching an optimal level of well-being, especially in a globalized world full of interdependence. -/- The problem of implementation can now be placed at the beginning of a conception of order ethics, justified with reference to the conditions of modern societies I have sketched. Under the conditions of pre-modern societies, an ethics of temperance had evolved that posed simultaneously the problems of implementation and justification. The implementation of well-justified norms or standards could then be regarded as unproblematic, because the social structures allowed for a direct face-to-face enforcement of norms. Pre-modern societies not only favored an ethics of temperance, they also had the instrument of face-to-face-sanctions within their smaller and non-anonymous communities. This instrument is no longer functional in modern anonymous societies, and so we have to face up to the problem of implementation right at the start of our ethical conception. Simultaneously, an order ethics relies on the implementation of sanctions for enforcing incentive-compatible rules. In modern societies, rules and institutions, to a large extent, must fulfil the tasks that were, in pre-modern times, fulfilled by moral norms, which in turn were sanctioned by face-to-face sanctions. Norm implementation in modern societies thus works by setting adequate incentives in order to prevent the erosion of moral norms, which would happen if ‘moral’ actors were systematically threatened with exploitation by other, less ‘moral’ actors. -/- This conception of order ethics is then elaborated further in the area of business ethics. -/- . (shrink)

Variations in people’s perceptions of investment risk and financial literacy have been linked in studies. More specifically, Diacon (2016) discovered significant differences between less financially savvy non-experts and financial professionals. Lay people therefore have a larger propensity for association bias (i.e., they give suppliers and salesmen a higher level of credibility than laypeople) and are often less risk-tolerant than financial professionals. The method of sampling that the researcher chose is known as purposeful sampling. According to Easton & McColl, it is (...) a fundamental sampling strategy where the researcher chooses a smaller group of people (a sample) from a larger group (a population) to study. The responders of the survey included both commissioned and non-commissioned PNP members. There were 67 non-commissioned individuals and 33 commissioned personnel. These individuals are at work while this study is being done. Because they think mutual funds can invest in a variety of assets in the future, think savings account interest is higher than that on fixed deposit accounts, and even budget their monthly income for expenses, savings, and investments, survey participants can be inferred to rate their level of financial knowledge as extremely high. Additionally, people learn about investments from their peers and think that growing costs will limit purchasing power. They also get banking advice from dependable friends. Because they want to make sure that they are not concerned about loans as long as their savings are protected and they refrain from purchasing non-essentials, police responders are persuaded that they have a very high attitude toward their finances. They also believe that investing in a business is a better use of their money than spending it now, that saving money over time is more satisfying than spending it now, and that their financial status is a big problem or a source of stress. The poll participants believe that their level of financial conduct is pretty high since the separate their needs and wants, have begun saving for their retirement, and consistently save money each pay period. They also budget their money, regulate their spending, and always pay their bills on time. (shrink)

Refined Proposal for Sortition-Based Governance in the Philippines -/- A Hybrid Model with a High-Standard Filtering Mechanism for Selecting Leaders, Including the President & Prime Minister -/- To eliminate political dynasties, corruption, and incompetence, this refined proposal replaces national elections for the President and Prime Minister with an advanced sortition system that ensures only the most highly qualified individuals are selected. -/- 1. Key Features of the Sortition-Based Philippine Government -/- ✔ Strict Qualification Filtering – Only the most competent and (...) ethical candidates are considered. ✔ Advanced Sortition – Instead of elections, top leaders are randomly selected from a pre-vetted pool of highly qualified individuals. ✔ Hybrid Governance Model – A Prime Minister (Head of Government) and a President (Head of State) for better governance balance. ✔ Transparent Selection Process – Sortition is automated, verifiable, and publicly monitored using AI & blockchain technology. ✔ Non-Renewable Terms – Prevents long-term political control and career politicians. ✔ Citizen Participation – Involves the public in decision-making through citizen assemblies and local councils. -/- 2. Government Structure with Sortition for the Philippines -/- A. The Head of State: President (Selected via Sortition, Not Elections) -/- The President will serve as the ceremonial Head of State, responsible for: ✅ Representing the country internationally. ✅ Appointing officials based on meritocratic recommendations. ✅ Ensuring the balance of power between government branches. ✅ Vetoing laws that violate the Constitution and Universal Law of Balance. -/- Selection Process for the President -/- 1. Strict Filtering Process – Only candidates who meet the highest standards of education, experience, and integrity qualify. -/- 2. Meritocratic Shortlisting – A national committee of scholars, scientists, and governance experts ranks candidates based on leadership skills, ethical track record, and knowledge. -/- 3. Randomized Selection from the Top 10 Candidates – Using a publicly transparent, blockchain-based lottery system. -/- 4. Final Public Confirmation – The selected candidate must pass a public review process before assuming office. -/- Term Length: 6 years, non-renewable (to prevent career politicians). -/- B. The Head of Government: Prime Minister (Selected via Sortition, Not Elections) -/- The Prime Minister will be the Head of Government, responsible for: ✅ Managing the executive branch and national policies. ✅ Implementing laws and overseeing economic programs. ✅ Ensuring efficiency and ethical governance. -/- Selection Process for the Prime Minister -/- 1. Qualification Screening – Candidates must have at least 10 years of government or leadership experience and pass a national competency exam. -/- 2. Parliamentary Nomination – The Citizen Assembly (Congress) will nominate 10 highly qualified candidates based on merit and leadership performance. -/- 3. Final Selection via Sortition – The Prime Minister is randomly selected from the top 3 nominees. -/- 4. Public Oath of Accountability – The selected Prime Minister must take a binding public oath to serve with integrity. -/- Term Length: 4 years, renewable once (to allow stability but prevent long-term control). -/- C. The Legislature (Citizen Assembly & Senate Reform) -/- 50% of House Representatives & Senate will be selected via sortition among highly qualified candidates. -/- 50% will be elected through regional voting to maintain some democratic representation. -/- Term Length: 4 years, non-renewable for randomly selected officials. -/- D. The Judiciary (Courts & Justice System) -/- Judges, Justices, and Ombudsman officials will be randomly selected from a pool of the most qualified lawyers and legal scholars. -/- A randomly selected Citizen Oversight Panel will monitor the judiciary to prevent corruption. -/- E. Local Government (Governors, Mayors, Councils) -/- Governors & Mayors: Selected through sortition from qualified candidates (instead of elections). -/- City & Barangay Councils: -/- 50% selected via sortition among qualified candidates. -/- 50% elected through local voting. -/- 3. Filtering Mechanism: Who Can Be Included in the Sortition Process? -/- To ensure only highly qualified candidates are included in the random selection pool, strict requirements must be met. -/- A. General Qualifications (Applies to All Government Positions) -/- ✅ Minimum Education: Bachelor’s degree in law, economics, governance, or a related field. ✅ Advanced Competency Exam: Must pass a rigorous national leadership exam designed by experts. ✅ Proven Leadership Experience: At least 5–10 years of experience in public service, business, governance, or military leadership. ✅ Ethical and Clean Record: No history of corruption, abuse of power, or criminal activity. ✅ Public Service Commitment: Must sign a legally binding contract to serve with integrity and undergo regular performance reviews. -/- After meeting these qualifications, candidates enter the sortition lottery system for selection. -/- 4. Implementation Plan for the Philippines -/- Step 1: Public Awareness & Education -/- Mass education campaign through universities, media, and schools. -/- Conduct town halls and citizen debates on the benefits of sortition. -/- Step 2: Pilot Program at the Local Level -/- Implement sortition in barangay and city councils first. -/- Monitor effectiveness and citizen satisfaction. -/- Step 3: Constitutional Reform -/- Amend the 1987 Constitution to legalize sortition-based governance. -/- Establish the National Sortition Oversight Commission (NSOC) to manage the system. -/- Step 4: Full Nationwide Implementation -/- Expand sortition to the national government. -/- Introduce performance evaluation mechanisms to ensure accountability. -/- 5. Addressing Common Concerns -/- Concern 1: Will Random Selection Be Manipulated? -/- ✅ Solution: Use blockchain & AI-based selection systems to ensure full transparency. -/- Concern 2: Will Unqualified People Be Chosen? -/- ✅ Solution: Only highly vetted candidates enter the sortition pool, preventing unqualified individuals from being selected. -/- Concern 3: How Will This Be Accepted by Filipinos? -/- ✅ Solution: Implement small-scale trials, showing the positive effects of sortition before full implementation. -/- Concern 4: Will the Philippines Lose Stability Without Elections? -/- ✅ Solution: The hybrid model ensures some elected officials remain while transitioning to a sortition-based system. -/- 6. Expected Benefits for the Philippines -/- ✔ Eliminates corruption and political dynasties. ✔ Ensures only competent and ethical leaders govern. ✔ Prevents career politicians from controlling the country. ✔ Restores public trust in government. ✔ Reduces the influence of money in politics. -/- Final Conclusion: A New Democratic Model for the Philippines -/- This sortition-based system with strict filtering ensures that only the most capable Filipinos lead the country. By removing political dynasties, election fraud, and corruption, we create a fair, transparent, and efficient government. -/- . (shrink)

Applying the Holistic Governance System (HGS) to the Philippines -/- The Philippines has struggled with corruption, political instability, economic inequality, and weak governance. Applying the Holistic Governance System (HGS) could transform the country into a stable, prosperous, and globally competitive nation. -/- Key Challenges in the Philippines: -/- 1. Corruption – Widespread in government agencies, law enforcement, and politics. -/- 2. Political Dynasties & Electoral Manipulation – Many leaders come from elite families, limiting true democracy. -/- 3. Economic Inequality – (...) The wealth gap is extreme, with many Filipinos in poverty. -/- 4. Weak Law Enforcement & Justice System – Crime, illegal drugs, and extrajudicial killings undermine public trust. -/- 5. Underdeveloped Infrastructure – Slow development of transportation, digital connectivity, and urban planning. -/- 6. Brain Drain – Many skilled Filipinos leave for better opportunities abroad. -/- HGS can address these issues by combining the best governance models from around the world while adapting them to the Philippine context. -/- Step-by-Step Implementation of HGS in the Philippines: -/- 1. Political Reform: Replacing Traditional Politics with a Meritocratic Leadership System -/- The Strategic Council (7 Leaders): Instead of a single president, the Philippines would be led by a council of seven experts, each specializing in key areas like economy, education, security, and technology. -/- No Political Dynasties: Candidates must prove their qualifications (economic, scientific, or governance expertise) before being allowed to run. -/- Fixed 10-Year Term: Leaders serve long enough to implement national development plans but cannot seek re-election. -/- ???? Impact: This will eliminate corruption, improve decision-making, and end elite family control of politics. -/- 2. Balanced Democracy: Direct Citizen Participation in Decision-Making -/- Annual Referendums: Inspired by Switzerland, Filipinos will vote directly on key national policies (e.g., education reforms, infrastructure projects). -/- Congress Reform: Replace the current system with: -/- People’s Assembly – Elected by citizens to represent public concerns. -/- Expert Senate – Composed of scientists, economists, and policy experts. -/- ???? Impact: This system prevents corrupt politicians from making bad decisions and gives Filipinos a real voice in governance. -/- 3. Economic Reform: A Hybrid System for Growth & Stability -/- Balanced Free Market + State Planning: -/- Private businesses continue operating, but key industries (energy, healthcare, education, transport) are state-controlled for stability. -/- Large government investment in technology, renewable energy, and industrial growth. -/- Anti-Corruption Crackdown: Modeled after Singapore’s strict anti-corruption policies. -/- Digital Government System: Minimize human corruption by making all government transactions online with AI verification. -/- ???? Impact: The economy grows without exploitation, and corruption is eliminated in business and government. -/- 4. Social Welfare: Universal Services for All Filipinos -/- Free Universal Healthcare: Like Norway & Sweden, all Filipinos receive high-quality medical care. -/- Free Higher Education: Universities are fully funded, with scholarships for top students. -/- Basic Income for the Poor: Prevents extreme poverty and improves national productivity. -/- Affordable Housing & Smart Cities: Government builds modern, eco-friendly, low-cost housing. -/- ???? Impact: This ensures every Filipino has access to education, health, and stable living conditions. -/- 5. Justice & Security: Smart Law Enforcement with AI & Independent Courts -/- AI-Powered Legal System: Reduce human bias in court cases and prevent political influence. -/- Strict Anti-Corruption Laws: Inspired by Singapore, harsh penalties for corruption at all levels. -/- High-Tech Crime Prevention: AI surveillance, digital ID verification, and cybercrime prevention. -/- ???? Impact: A fast, fair, and corruption-free justice system. -/- 6. Infrastructure & Urban Development: Smart Cities & Green Energy -/- Nationwide High-Speed Rail & Smart Transportation: Inspired by China’s urban planning. -/- 100% Renewable Energy Goal: Government investment in solar, wind, and hydro energy. -/- Smart City Development: AI-controlled traffic, clean public spaces, and sustainable urban design. -/- ???? Impact: A modern Philippines with world-class infrastructure and zero energy dependence. -/- 7. Foreign Policy & National Defense: Economic Strength + Global Neutrality -/- Neutrality in Global Conflicts: Inspired by Switzerland, the Philippines avoids military conflicts but strengthens economic ties with all nations. -/- Strong Cybersecurity & Modernized Military: Instead of focusing on war, invest in cyber defense and AI-powered security. -/- Self-Sufficient Agriculture & Industry: Reduce dependence on foreign imports by boosting local food and industrial production. -/- ???? Impact: The Philippines becomes a secure, self-reliant, and economically strong nation. -/- The Future Philippines Under HGS: A Model Nation -/- Final Thoughts: Why the Philippines Needs HGS -/- ???? HGS will transform the Philippines into a: ✅ Politically stable nation with honest, expert-led governance. ✅ Economically strong country with innovation and self-sufficiency. ✅ Corruption-free government with strict anti-corruption policies. ✅ Technology-driven society with AI, smart cities, and digital governance. ✅ Socially progressive state with free healthcare, education, and a guaranteed basic income. -/- By eliminating corruption, restructuring governance, and investing in technology, the Philippines can rise as a global model for modern governance. -/- Roadmap for Transitioning the Philippines to the Holistic Governance System (HGS) -/- Goal: Transform the Philippines into a corruption-free, economically strong, socially progressive, and technologically advanced nation using HGS principles. -/- ???? Phase 1: Laying the Foundation (Year 1-5) -/- Objective: Establish public trust, eliminate corruption, and implement key reforms in government, economy, and education. -/- 1. Anti-Corruption Revolution (Year 1-3) -/- ✅ Create a National Anti-Corruption Tribunal (similar to Singapore’s system) with special prosecutors and AI-powered case review to ensure fair trials. ✅ Strict penalties for corruption (lifetime ban from politics, confiscation of illegally obtained wealth, long prison sentences). ✅ Full Digital Government System – All government transactions go online to remove human corruption (permits, taxes, elections, etc.). -/- ???? Impact: Government corruption is drastically reduced, and public trust in leadership increases. -/- 2. Leadership Reform (Year 2-5) -/- ✅ Ban Political Dynasties – Require strict merit-based qualifications for all public officials. ✅ Restructure the Government: Replace the president with the Strategic Council (7 experts) and reform Congress into: -/- People’s Assembly (elected representatives). -/- Expert Senate (top scientists, economists, and technocrats). ✅ Mandatory Leadership Training – All future leaders must undergo a 5-year program on governance, economics, and philosophy. -/- ???? Impact: The Philippines shifts from a corrupt dynasty-driven system to a competence-based government. -/- 3. Education Reform (Year 2-4) -/- ✅ Upgrade the curriculum to teach critical thinking, technological skills, and the Universal Law of Balance. ✅ Free College Education (funded by corruption money recovery). ✅ Global Research Partnerships with universities in Europe, Singapore, and the U.S. to improve STEM education. -/- ???? Impact: The youth become future innovators and critical thinkers, reducing brain drain. -/- ???? Phase 2: Economic & Social Transformation (Year 6-10) -/- Objective: Transition to a self-sufficient economy with world-class infrastructure and social services. -/- 4. Economic Overhaul (Year 6-10) -/- ✅ Hybrid Economic Model (similar to Singapore & China): -/- Free market for small businesses & entrepreneurship. -/- Government-controlled key industries (healthcare, energy, infrastructure). ✅ AI-Governed Tax System – Automate taxation to prevent tax evasion. ✅ Massive Government Investment in Technology (AI, robotics, green energy, and space research). -/- ???? Impact: The Philippines becomes a tech-driven economy, independent of remittances. -/- 5. Universal Social Welfare System (Year 6-8) -/- ✅ Free Universal Healthcare (Norway model) – Build more hospitals, increase doctor salaries, and implement telemedicine in rural areas. ✅ Basic Income for the Poor (funded by recovered corruption money and AI-driven economic growth). ✅ National Housing Program – Construct affordable smart cities with AI-managed traffic, green energy, and disaster-resistant buildings. -/- ???? Impact: All Filipinos have access to quality healthcare, education, and stable housing. -/- 6. Infrastructure Boom & Smart City Development (Year 6-10) -/- ✅ High-Speed Rail System (China model) – Connect Luzon, Visayas, and Mindanao with a modern railway. ✅ Digital Infrastructure – High-speed internet for all citizens, free public WiFi, and AI-managed urban planning. ✅ 100% Renewable Energy – Solar, wind, and hydro power investments to eliminate electricity shortages. -/- ???? Impact: The Philippines becomes a modern, highly developed nation with smart, efficient cities. -/- ???? Phase 3: Global Powerhouse & Permanent Stability (Year 11-20) -/- Objective: Establish the Philippines as a global leader in innovation, sustainability, and governance. -/- 7. AI-Powered Governance (Year 11-15) -/- ✅ Full AI Integration in Government – Automate law enforcement, policymaking analysis, and economic planning. ✅ Digital Direct Democracy – Filipinos can vote online in annual national referendums on key policies (Switzerland model). -/- ???? Impact: A corruption-proof, people-powered government that makes smart, data-driven decisions. -/- 8. Military & Foreign Policy Reform (Year 11-15) -/- ✅ Neutrality & Economic Diplomacy (Swiss Model) – Stay independent of global conflicts while expanding trade with the U.S., China, and ASEAN. ✅ Cybersecurity Defense System – Develop AI-powered cyber-defense technology to prevent hacking & cyber threats. ✅ Self-Sufficiency in Agriculture & Industry – Invest in high-tech farming and local industries to reduce import reliance. -/- ???? Impact: The Philippines becomes an economically powerful, self-sufficient, and diplomatically respected nation. -/- 9. Space & Advanced Scientific Research (Year 16-20) -/- ✅ Launch a Philippine Space Program (like NASA) to develop satellite technology and space exploration. ✅ Invest in AI & Quantum Computing Research to compete in the global tech industry. ✅ Biotechnology & Medicine Research to create Philippine-made vaccines, treatments, and bio-engineered food solutions. -/- ???? Impact: The Philippines becomes a hub for science, space, and technological innovation. -/- ???? Summary: The New Philippines Under HGS -/- ???? Conclusion: The Philippines as a Global Model Nation -/- By transitioning to HGS, the Philippines will: ✅ Eliminate corruption & political dynasties through AI-powered governance. ✅ Become a tech-driven, self-sufficient economy with free healthcare, education, and infrastructure. ✅ Modernize cities, transport, and digital services for efficiency and sustainability. ✅ Be a global leader in science, AI, and space exploration. -/- . (shrink)

This article’s conclusion is that the theories of Einstein are generally correct and will still be relevant in the next century (there will be modifications necessary for development of quantum gravity). Those Einsteinian theories are Special Relativity, General Relativity, and the title of a paper he published in 1919 which asked if gravitation plays a role in the composition of elementary particles of matter. This paper was the bridge between General Relativity and the Unified Field Theory he sought during the (...) last 25 years of his life. In an article published in the "Annals of Physics" in 1957, Charles Misner and John Wheeler claimed that Einstein's latest equations demonstrated the unified field theory. But Einstein himself felt he had not fully succeeded. The present article begins with Olbers’ paradox (why is the sky dark at night?) Then it briefly proceeds to the subjects of Newtonian gravity, quantum entanglement, gravitational waves, E=mc^2, dark energy, dark matter, cosmic expansion, redshift, blueshift, the cosmic microwave background, the 1st Law of Thermodynamics, and explanation of advanced waves travelling back in time. The section “vector-tensor-scalar geometry” touches on mass, quantum spin, the Higgs boson and Higgs field, stellar jets, the pervasiveness of photons and gravitons, and supersymmetry. Then come half a dozen paragraphs referring to formation of planets, black holes, and bosons of the weak and strong nuclear forces. They end with Descartes’ space-matter relation. Also added are paragraphs about simply-connected mathematics, non-orientability, consciousness, the Law of Falling Bodies, the multiverse, space-time travel developed from maths’ Brouwer Fixed Point Theorem and from an experiment in electrical engineering performed at Yale University, development from future space-time travel of human flight in the manner of fiction’s Superman and Supergirl, as well as downloaded band-gap implants in the brain that could deal with forms of matter. They could add or delete anything and everything we choose by emulating computers’ copy/paste function to add things; as well as their delete function, to remove things. To complete my seemingly unusual ideas, 6 sections are added – 1) “Advanced and Retarded Waves” is extended to include dinosaurs, ageing, and photography, 2) there’s a bit about space-time warping and “imaginary” computers, 3) several paragraphs about restoring health (even gaining immortality) by using gravity, 4) a section about superconductivity and the electric or magnetic fields of planets (this section mentions Mercury, Planet 9 and precession), 5) a section titled EXPLAINING OCEAN TIDES WHEN GENERAL RELATIVITY SAYS GRAVITY IS A PUSH CAUSED BY THE CURVATURE OF SPACE-TIME (this has subsections about M-Sigma, Geysers on Saturn’s Moon Enceladus, and A Brief History of Gravity), plus 5) the potential of COVID-19 to create the Golden Rule, world peace, eternal life, and a non-economic world that doesn’t use any form of money (no cash, credit cards, digital currency, etc.) The final section is called DISTANT-FUTURE SCIENCE INTERPRETED BY RELIGIONS AS SUPERNATURAL and introduces an idea for becoming immortal in these physical bodies. If the Theory of Everything sought by physicists applies to all space-time, then every person’s brain must be entangled with the 22nd century (and far beyond that time too). (shrink)

Unlike Heidegger who reflects on the relationship between being and time, we are interested in studying the relationship between doing and time. We begin by discovering that the basis of people's doing is the starting point for any reflection on society and culture, and therefore we believe that our conclusions can be important especially for sociologists, ethnologists, political scientists, economists and psychologists. A fundamental difference between "doing" and "acting" could be that only people, not things, "do". We say "Antonio made (...) his house out of bricks to prevent the wind from blowing it down". We never refer to the "action of the wind" as a "doing". Acting, especially in "action," is erroneously associated with causation; we think, "the action of the wind on the house, is the cause of the collapse of the house." But in reality, causation is only a variant of doing. For example, in "Susanna writes a letter to Paul", Susanna is the cause of the text of the letter, but not of the reading of the letter. This is a paradigmatic example, the one that gave rise to our study. We say that the text "attracts its reader", as the poles of a magnet attract each other. From which we concluded that it is impossible to keep secrets. The importance of the study of doing in general becomes very relevant when we understand that "producing" and "consuming" are variants of doing. In Marx's work, the doing that generates social value is productive doing. But our research shows that all variants of doing generate order and all "order" generates organizational value. Note that the order of an act can be measured in "bits", which frees us from subjective measurements of the value of what we do in "money". We anticipate here that, in the following pages, we arrive at the conclusion that doing can be divided into 6 types of acts and their subgroups: the vectorial independent and hodern acts and the pendular complementary, parallel, curative and causa-dor acts. In addition, we discovered the existence of inter-acts, i.e. the "organizational resonance of the poles of a pendular act" and which includes the self-referent, bipolar, tripolar and multipole variants. This book could not have been written, without the background of the works already published and elaborated jointly, with Professor Luis de Marcos Ortega between 2018 and 2021. We refer to The Informational Foundation of the Human Act and Whispers and Shouts. The Informational Measurement of the Human Act both published by the University of Alcalá (Madrid). The texts of this book were published in weekly installments between May 2020 and December 2021, in the GaZeta portal of Guatemala. We have respected the chronological order of publication, as well as the contents of the articles. (shrink)

The article aims to clarify society's digital transformation under the influence of the explosive growth of cross-border data and cross-border e-commerce, which led to the next stage of globalization. A characteristic feature of it is becoming a new form of organizing economic relations – the digital economy. The essence of globalization, its components, stages, and trends are considered. The advantages provided by the development of modern information and communication technologies to the participants in the globalization process are reflected. The characteristics (...) of the digital economy as a new stage of economic development are presented, its various definitions and specific features are considered. The features of the development of cross-border electronic commerce, the advantages it provides, and the essence of cryptocurrencies as potentially new world money are described. Considerable attention is paid to the development trends of new global digital processes and the digital economy's risks. (shrink)

Stock market prediction is essential and of great interest because success- ful prediction of stock prices may promise smart bene ts. These tasks are highly complicated and very dicult. Many researchers have made valiant attempts in data mining to devise an ecient system for stock market movement analysis. In this paper, we have developed an ecient approach to stock market prediction by employing fuzzy C-means clustering and arti cial neural network. This research has been encouraged by the need of predicting (...) the stock market to facilitate the investors about buy and hold strategy and to make pro t. Firstly, the original stock market data are converted into interpreted historical ( nancial) data i.e. via technical indi-cators. Based on these technical indicators, datasets that are required for analysis are created. Subsequently, fuzzy-clustering technique is used to generate di erent training subsets. Subsequently, based on di erent training subsets, di erent ANN models are trained to formulate di erent base models. Finally, a meta-learner, fuzzy system module, is employed to predict the stock price. The results for the stock market prediction are validated through evaluation metrics, namely mean absolute deviation, mean square error, root mean square error, mean absolute percentage error used to estimate the forecasting accuracy in the stock market. Comparative analysis is carried out for single Neural Network (NN) and existing technique neu- ral. The obtained results show that the proposed approach produces better results than the other techniques in terms of accuracy. (shrink)

Economic policy decisions require comparisons of the gains and losses from policy choices to different people. If those gains can be valued in monetary terms, than all that is needed is a comparison of the value of income to different persons, which can be weights in cost-benefit analysis. An objective comparison of the value of income to different people has been long sought but never found. I propose that when money to be allocated is controlled by a group of (...) people with equal control over that money, then a hypothetical auction for transfers of income between people can produce a collective judgment about the value of income that provides suitable weights, and is morally defensible in cases where the decision is made by the group collectively, e.g. when making government policy choices. I provide a method for calculating such weights from observed choices about distributing income, and discuss several desirable properties that they have. (shrink)

The policy makers or lawyers may face the need of legal research for reasons. The congressmen may plan to make new laws to address the challenges of their constituent or to the interest of nation. The lawyers may need to serve their clients who like to know the legal issues involved, the strategies to deal with their loss and recovery, and prospect for winning the case if the dispute has gotten worse. The lawyers may practice in a solo business or (...) might work as an associate lawyer in the law firms. A senior lawyer or partner in some cases may like to exploit the junior work force about the problems or grievances from the potential clients. Since he needs to focus their attention on other matters, such as the business expansion of his law firm or more lucrative cases in need of career hands, he may tap the junior lawyer for the legal research, who could assist with the basis of his final legal opinion. The memorandum, opinion letter and brief would be such forms of professional communication for the lawyers and legal researchers. The congressman also can be supplemented with the aid of staffs in terms of his legal expertise and grasp of the issues standing for carrying their responsibility more effectively. For the lawyers and legal researchers, the structure of state and federal legal system is the kind of important variants to orient their work direction and basic frame for the most efficient and adequate scope of search and analysis. The paradigm change also is revolutionary to impact the general base of people. Decades ago, the research or researcher only related with the class of professionals, such as professors, lawyers, career officers and cadres of enterprises. They would enjoy insulation and exploit their research work as an entrance barrier from lay people. Their large shelves at home study or in the room or corner of office thrust an impression that he or she is learned and knowledgeable. This impliedly communicates his or her prestige of social or professional success. The books and articles seem to symbolize a kind of monopoly which bears to exclude unclassified or non-professional workers. The change is remarkable that every citizen could benefit from the on-line sources of information, which, of course, is generally true of professional knowledge. Now professors fear of plagiarism that students often are the kind of suspect. The legal research would turn on the help of digitization which revolutionizes to incur a new mode of research operation. About the query, the citizens and people can readily verify its truth or falsity with one clique within the personal computer. An enormous amount of information is currently flowing on the internet and on-line sources of reference, which shapes an informative and knowledgeable society. As the medical doctors warned decades ago, the precept is any most effective, “forbear from your intelligence or knowledge work for your health.” Many of them now spend long hours a day to satisfy their curiosity and intelligent search. He or she may be well awarded an academic degree if to recognize their hard work on his PC. Nevertheless, this information age does not always bring a positive progress, which arouses the kind of issues, say, right of privacy, on-line fraud. In some cases, this transformation may lead to an inferior attitude of researcher. My today’s experience is one of exotic case. I have received an e-mail from Google CEO stating that I have been selected as one of twelve winners from the pool of Google users. The award money is enormous which stalls me for some time. The authenticity and reliability have hit my head, and I utilized a verification service website managed by the team of lawyers. It costs five dollars and remaining 24 dollars would be processed upon the progress of interaction. I am waiting for an answer from the team. Then the research nowadays is not limited to the basic context of our subsistence, but influences in any depth into the professional lives. (shrink)

Nowak is (or was) a respected Harvard professor of mathematical biology with numerous well regarded publications. Sadly, he has chosen to launch an arrogant attack on science motivated by religious fervor. His recent actions show the evil consequences when universities accept money from religious groups, science journals are so awed by big names that they avoid proper peer review, and egos are permitted to get out of control. Most of this book is good, but it repeats the utterly misconceived (...) attacks on inclusive fitness in favor of group selection which he and his much more famous Harvard colleague E.O.Wilson have been making the last 5 years, so it is on that chapter of the book that I will concentrate. This takes us into the nature of evolution, the basics of scientific methodology, how math relates to science, what constitutes a law or a theory, and what attitudes to religion and generosity are appropriate as we inexorably approach the collapse of industrial civilization. -/- Those wishing a comprehensive up to date framework for human behavior from the modern two systems view may consult my book ‘The Logical Structure of Philosophy, Psychology, Mind and Language in Ludwig Wittgenstein and John Searle’ 2nd ed (2019). Those interested in more of my writings may see ‘Talking Monkeys--Philosophy, Psychology, Science, Religion and Politics on a Doomed Planet--Articles and Reviews 2006-2019 3rd ed (2019), The Logical Structure of Human Behavior (2019), and Suicidal Utopian Delusions in the 21st Century 4th ed (2019). (shrink)

This book is the result of Searle's stay in the Munster University Philosophy Dept in 2009 and all the papers except his introductory one and his final response are from persons associated with Munster. However all the papers were written or revised later and so are one of the most up to date looks at his views available as of mid 2013. S has in my view made more fundamental contributions to higher order descriptive psychology (philosophy) than anyone since Wittgenstein (...) and has been writing world class material for over 50 years. He is also (like W before him) regarded as the best standup philosopher alive and has taught and lectured worldwide. He is also one of the clearest and most careful writers in the field so one would think that every philosopher writing an article on his work would have an up to date and accurate understanding of his ideas. Unfortunately this book shows that this is far from true. All the 11 articles make major mistakes regarding his views and regarding what he (and I) would regard as an accurate description of behavior. -/- Searle's obliviousness (which he shares with most philosophers) to the modern two systems framework and to the full implications of W’s “radical” epistemology as stated most dramatically in his last work ‘On Certainty’, is most unfortunate (as I have noted in many reviews). It was Wittgenstein who did the first and best job of describing the two systems (though nobody else has noticed) and OC represents a major event in intellectual history. Not only is Searle unaware of the fact that his framework is a straightforward continuation of W, but everyone else is too, which accounts for the lack of any significant reference to W in this book. As usual one also notes no apparent acquaintance with Evolutionary Psychology, which can enlighten all discussions of behavior by providing the real ultimate evolutionary and biological explanations rather than the superficial proximate cultural ones. -/- However, his comment on p212 is right on the money—the ultimate explanation (or as W insists the description) can only be a naturalized one which describes how mind, will, self, intention work and cannot meaningfully eliminate them as ‘real’ phenomena. Recall Searle’s famous review of Dennett’s ‘Conscious Explained’ entitled “Consciousness explained away”. And this makes it all the more bizarre that Searle should repeatedly state that we don’t know for sure if we have free will and that we have to ‘postulate’ a self (p218-219). As he notes “The neuro-biological processes and the mental phenomena are the same event, described at different levels” and “How can conscious intentions cause bodily movement?…How can the hammer move the nail in virtue of being solid? …If you analyze what solidity is causally…if you analyze what intention-in-action is causally, you see analogously there is no philosophical problem left over.” -/- Also I would state “The heart of my argument is that our linguistic practices, as commonly understood, presuppose a reality that exists independently of our representations.” (p223) as “Our life shows a world that does not depend on our existence and cannot be intelligibly challenged.” This book is valuable principally as a recent synopsis of the work of one the greatest philosophers of recent times. But there is also value in analyzing his responses to the many basic confusions manifested in the articles by others. Since this review I have written many articles extending the framework of the logical structure of rationality and commenting in depth on Searle and Wittgenstein which are all readily available on the net. -/- Those wishing a comprehensive up to date account of Wittgenstein, Searle and their analysis of behavior from the modern two systems view may consult my article The Logical Structure of Philosophy, Psychology, Mind and Language as Revealed in Wittgenstein and Searle (2016). Those interested in all my writings in their most recent versions may download from this site my e-book ‘Philosophy, Human Nature and the Collapse of Civilization Michael Starks (2016)- Articles and Reviews 2006-2016’ by Michael Starks First Ed. 662p (2016). -/- All of my papers and books have now been published in revised versions both in ebooks and in printed books. -/- Talking Monkeys: Philosophy, Psychology, Science, Religion and Politics on a Doomed Planet - Articles and Reviews 2006-2017 (2017) https://www.amazon.com/dp/B071HVC7YP. -/- The Logical Structure of Philosophy, Psychology, Mind and Language in Ludwig Wittgenstein and John Searle--Articles and Reviews 2006-2016 (2017) https://www.amazon.com/dp/B071P1RP1B. -/- Suicidal Utopian Delusions in the 21st century: Philosophy, Human Nature and the Collapse of Civilization - Articles and Reviews 2006-2017 (2017) https://www.amazon.com/dp/B0711R5LGX . (shrink)

Enhanced E-auction Platform is an innovative online bidding system designed to bring the excitement of live auctions directly to users’ homes. Leveraging cutting-edge technologies such as React, Node.js, and MongoDB, Enhanced E-auction Platform offers a user-friendly platform that enables real-time bidding, strategic auction previews, determining suitable roles and seamless auction item management. Users can experience the thrill of competitive bidding and win extraordinary items from the comfort of their own space. Enhanced E-auction Platform’s advanced features ensure a dynamic and engaging (...) auction environment, setting it apart from traditional auction platforms. (shrink)

This study is done in order to find the factor of depression among the college student in Malaysia. Depression among the college student are increasing as it come from many factor. This study used behavioural theory as the foundations theories for the model development. The study involved 406 respondents, selected through google form responses involving all the university students around Malaysia. A structured questionnaire was used for data collection. All variables were measured through scales previously used by other researchers. In (...) behavioural theory, state that depression people precisely those who do not know how to cope with the fact that they are no longer receiving positive reinforcement like they before. Results shows the data analysis described that respondents having a financial problem where did not what how to differentiate between wants and need with the overall mean (M=2.51) and students always spend their money on uncertain things. (shrink)

One very important question about poverty is what rich people like us should do to fight it. In this article, I argue that we can, at little cost to ourselves, give tithes of our money and live within our so-called ‘ecological footprint’. At the end of the article, it is argued that we should, morally, do these things.

In the remainder of this article, we will disarm an important motivation for epistemic contextualism and interest-relative invariantism. We will accomplish this by presenting a stringent test of whether there is a stakes effect on ordinary knowledge ascription. Having shown that, even on a stringent way of testing, stakes fail to impact ordinary knowledge ascription, we will conclude that we should take another look at classical invariantism. Here is how we will proceed. Section 1 lays out some limitations of previous (...) research on stakes. Section 2 presents our study and concludes that there is little evidence for a substantial stakes effect. Section 3 responds to objections. The conclusion clears the way for classical invariantism. (shrink)

Ethical decision-making frameworks assist in identifying the issues at stake in a particular setting and thinking through, in a methodical manner, the ethical issues that require consideration as well as the values that need to be considered and promoted. Decisions made about the use, sharing, and re-use of big data are complex and laden with values. This paper sets out an Ethics Framework for Big Data in Health and Research developed by a working group convened by the Science, Health and (...) Policy-relevant Ethics in Singapore Initiative. It presents the aim and rationale for this framework supported by the underlying ethical concerns that relate to all health and research contexts. It also describes a set of substantive and procedural values that can be weighed up in addressing these concerns, and a step-by-step process for identifying, considering, and resolving the ethical issues arising from big data uses in health and research. This Framework is subsequently applied in the papers published in this Special Issue. These papers each address one of six domains where big data is currently employed: openness in big data and data repositories, precision medicine and big data, real-world data to generate evidence about healthcare interventions, AI-assisted decision-making in healthcare, public-private partnerships in healthcare and research, and cross-sectoral big data. (shrink)

Machine learning algorithms may radically improve our ability to diagnose and treat disease. For moral, legal, and scientific reasons, it is essential that doctors and patients be able to understand and explain the predictions of these models. Scalable, customisable, and ethical solutions can be achieved by working together with relevant stakeholders, including patients, data scientists, and policy makers.

Although both EU policy makers and researchers acknowledge that public or stakeholder engagement is important for responsible innovation (RI), empirical evidence in this field is still scarce. In this article, we explore to what extent companies with a disposition to innovate in a more responsible way are moving towards the ideal of mutual responsiveness among stakeholders, as it is presented in the RI literature. Based on interviews with companies and non-economic stakeholders in the Dutch Food industry, it can be concluded (...) that innovative food companies are still far from implementing the ideal of mutual responsiveness in a significant way. The tension between the call for the active involvement of stakeholders in the literature and actual stakeholder engagement practices is explained by identifying a number of critical issues regarding stakeholder engagement, which are specific to actors involved in RI in the private sector. Finally, management practices designed to deal with these critical issues regarding stakeholder engagement are identified. (shrink)

Does the Ship of Theseus present a genuine puzzle about persistence due to conflicting intuitions based on “continuity of form” and “continuity of matter” pulling in opposite directions? Philosophers are divided. Some claim that it presents a genuine puzzle but disagree over whether there is a solution. Others claim that there is no puzzle at all since the case has an obvious solution. To assess these proposals, we conducted a cross-cultural study involving nearly 3,000 people across twenty-two countries, speaking eighteen (...) different languages. Our results speak against the proposal that there is no puzzle at all and against the proposal that there is a puzzle but one that has no solution. Our results suggest that there are two criteria—“continuity of form” and “continuity of matter”— that constitute our concept of persistence and these two criteria receive different weightings in settling matters concerning persistence. (shrink)