Innovation Economics Next

Innovation Economics: What Comes After Debt Economics?

Innovation  Human Productivity
-50,000 -10,000 -1000 -100 -40 Now + 20
Years

Currency
Inventory
Institutions
Entrepreneurs
Business Plans
Silicon Valley Research Labs Japan Steve’s Garage = Innovation $ Integrated Not Integrated

Currency
Inventory
Institutions
Entrepreneurs
Business Plans

Information = facts and data
Knowledge : The rate of change of Information.
Innovation : The rate of change of
knowledge.
Currency of Trade:

Land
Factors of Production - 20 th Century Labor Capital

Social
Capital
Factors of Production – 21 st Century Intellectual Capital Creative Capital

Currency
Inventory
Institutions
Entrepreneurs
Business Plans

Your Résumé is a Book About You Books Are Classified With The Dewey Decimal System

Computer Readable Résumé
Numbers instead of words
302, 307, 330, 607, 17, 500, 519

Your Knowledge is Like a Network of Books And Relationships

Use Symbols to Connect
(+) Addition; List of skills
(/) Extension; Range of Skills Describes a System
(:) Relation; e.g. Relation of ethics to art
[] Algebraic sub grouping;
(=) Language; e.g. =20 in English; 31 = in Swedish
* ref: Universal Decimal Classification System

Numbers and symbols instead of words:
{20,12};[302+307], (330):[607+17]+[500/519]

Looks Like Money All financial assets have a quantity and a quality assigned to them so they can be analyzed by entrepreneurs

A series of numbers, symbols, and probabilities….
{20:95%,12:80%};[302+330]70%:(607+17)80%
+[500/519]90%

Currency
Inventory
Institutions
Entrepreneurs
Business Plans

Debt Assets Net income Liabilities Bankruptcies Credit “pulls” Financial stability + 30 more Credit Cards Insurance Public Record Employer Banks Creditors Social Security Likelihood that you will default On your obligation Credit Markets

Likelihood some combination of people can successfully execute a business plan at a known cost determined by supply and demand Knowledge Markets

Percentile Search Engine
The Percentile Search Engine is a way of using a computer to make predictions about all types of combinations of knowledge Assets.

Currency
Inventory
Institutions
Entrepreneurs
Business Plans

The Financial Bank Surplus (Supply) Deficit (Demand) Connect With

The Innovation Bank Knowledge Supply Knowledge Demand Connect With

Currency
Inventory
Institutions
Entrepreneurs
Business Plans

In Parallel The Brain Storming Session S D

In Series; The Product Development Cycle

The Social Network Very small input Very high output Infinite combinations of parallel and series circuits across a knowledge inventory

The Multiplier Effect; Tangential Innovation Aircraft Composite Technology Transportation Recreation Energy Health Care

A Self-Regulating System Transparency, collaboration, quality, honesty Corruption, Fraud Incompetence Punishes Bad Information: Rewards Good information:

Currency
Inventory
Institutions
Business Plan
Entrepreneurs
The Capitalization of Knowledge

Financial Bank:
Have the knowledge – Search for the money
Innovation Bank Have the Money – Search for the Knowledge

The Virtuous Circle The more knowledge that you find, the more money you can borrow The more money that you can find, the more knowledge you can borrow =

Innovation Bonds Diversify risk away, combine cash flows, divide into bonds, issue to investors, finance more innovation

Predictions for the year 2020
Social networks will become Corporations
The resume system will disappear
Universities will respond to supply and demand, Combinations of knowledge assets rather than degrees
Teachers forego salary and take equity position in students instead.
People will migrate toward what are naturally good at, no definite job description.
Innovation Bonds will return 80% risk free – investors flood market with venture capital.
The fed will peg the dollar to productivity, not gold.
Social Priorities will drive investment priorities rather than Wall Street

-50,000 -10,000 -1000 -100 -40 Now + 20
Years What Comes After The Knowledge Economy?

What is Next? Ingenesist is an open source research effort seeking to start a World-wide conversation about the Innovation Economy. Are you an Ingenesist?

http://www.ingenesist.com	1124
http://alfin2100.blogspot.com	120
http://www.permanentinnovation.com	79
http://zenpundit.com	22
http://thoughts-illustrated.blogspot.com	17
http://www.innovationlabs.com	14
http://toingroup.blogspot.com	14
http://www.alfin2100.blogspot.com	10
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Innovation Economics Next

by ingenesist on Oct 17, 2008

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