1. Session One An Overview of the Terrain January 20, 2010

3. Courtesy of JustUptown

4. Courtesy Schlunzi

5. icvet.tafensw.edu.au

6. Boundary* from ImapixImapix

7. Focus from D50ManchesterD50Manchester

8. Pilgrimage of the Self - Discipline from Emerald watcherEmerald watcher

9. domino.lancs.ac.uk

10. Got no boundaries and not limits from GioPhotos GioPhotos

12. Where is the invisible hand? from emstruremstrur

13. Courtesy of Katrinket

14. Courtesy Chris_Parker Photo Stream

15. welcome to the new economy from Sangroncito Sangroncito

16. Duckk and Flea’s Photostream

18. Bull Market? (Market Failure #5) from David Lewis-Baker David Lewis-Baker

19. Depressions, recessions, and inflation are not exclusively modern phenomena: they are patterns that have recurred since the beginning of recorded history. There are other patterns in economics that are equally old, including the long-run growth in wealth per person... and the distribution of wealth... For these patterns to be so old, they must be the result of causes that are deep in the workings of economics, cases that are independent of the technologies, government policies or business practices of a particular age. (Beinhocker p. 161) Courtesy of Miketbh

21. network from BinkiexxxBinkiexxx

22. me tools... from tdub303tdub303 The need for humility. Anecdotal evidence tells us what is happening, not why. The role of theory. How do we define the realm of economics & economic theory.

23. Dictionary Definitions #2 from Mukumbura Mukumbura

24. Economics entails the meeting of material needs through a process of interaction between humans and their environments. Polanyi’s substantive definition allows us to conceive of many ways of achieving our ends. The formal definition presumes scarcity—a networked economy is characterized by many externalities and non zero sum outcomes.

25. Courtesy of Kate Ferarra Classical economic theory Socio-economics Transaction Costs Analysis Institutional Economics Organizational/innovation theory Networking economics Evolutionary economics Economic geography Organizational fields Complexity Theory

26. Tracking fro m ImapixImapix Track your economic interactions during the week, and comment about them in the light of today’s conversation and next weeks readings. On the basis of your experiences, how would you define the economy?