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Presentation transcript:

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0) © Gresham College 2008 Mercers’ School Memorial Professor of Commerce Michael Mainelli Local Or Global? Network Economics And The New Economy

© Gresham College 2008 Outline Global village Social, environmental and economic sustainability Network economics Resilient or robust? “Get a detailed grip on the big picture.” Chao Kli Ning

© Gresham College 2008 The Global Olympic Village

© Gresham College 2008 Network Optimeter

© Gresham College 2008 Central Authority – Martian Insights

© Gresham College 2008 Starfish Or Spider? Disinformation Legitimacy Operation Central Local Delegated Intrinsic Associative UN Unitary UK & France Confederal EU Federal USA Information

© Gresham College 2008 New Networks

© Gresham College 2008 A Lot Of Net Work Social network Computer network Semantic network Neural network Project network

© Gresham College 2008 Three Pillars Of Sustainability

© Gresham College 2008 Three Pillars Of Networks

© Gresham College 2008 Network Theory [Source: [Source:

© Gresham College 2008 Stringball Collectors Of The World Unite! [Source:

© Gresham College 2008 Erdös Or Bacon Numbers?

© Gresham College 2008 There Oughta Be A Law

© Gresham College 2008 Laws of Power

© Gresham College 2008 Rushey Green Time Bank

© Gresham College 2008 Local Calculations [Source: Z/Yen’s VizZy – Voronoi Diagram]

© Gresham College 2008 Free Republic Of Farringdon Without Vous êtes ici

© Gresham College 2008 The FarOut [Source:

© Gresham College 2008 Changing Scales

© Gresham College 2008 What Is The Sound Of An Army’s Footstep?

© Gresham College 2008 Global versus Local Disinformation Diversity Competition Open Protected High Low Transitional ResilientRobust Economies of Scale Information

© Gresham College 2008 Discussion 1. Who pays for increased robustness? 2. Might it be rational to prefer isolation to competition? [Source:

© Gresham College 2008 Local or Global: Network Economics And The New Economy Thank you! “Get a big picture grip on the details.” Chao Kli Ning