Lifeboat Foundation: Safeguarding Humanity
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Russia’s hastily convened international conference in St. Petersburg next month is being billed as a last-ditch effort at superpower cooperation in defense of Earth against dangers from space.

But it cannot be overlooked that this conference comes in response to the highly controversial NATO anti-ballistic missile deployments in Eastern Europe. These seriously destabilizing, nuclear defenses are pretexted as a defense against a non-nuclear Iran. In reality, the western moves of anti-missile systems into Poland and Romania create a de facto nuclear first-strike capability for NATO, and they vacate a series of Anti-Ballistic Missile Treaties with the Russians that go back forty years.

Deeply distrustful of these new US and NATO nuclear first-strike capabilities, the Russians announced they will not attend NATO’s planned deterrence summit in Chicago this month. Instead, they are testing Western intentions with a proposal for cooperative project for near-space mapping, surveillance, and defense against Earth-crossing asteroids and other dangerous space objects.

The Russians have invited NATO members as well as forward-thinking space powers to a conference in June in Petrograd. The agenda: Planetary defense against incursions by objects from space. It would be a way of making cooperative plowshares from the space technologies of hair-trigger nuclear terror (2 minutes warning, or less, in the case of the Eastern European ABMs).

It’s an offer the US and other space powers should accept.

RMS <em>Titanic</em> Sails
What’s to worry? RMS Titanic departs Southampton.

This year marks the 100th anniversary of the Titanic disaster in 1912. What better time to think about lifeboats?

One way to start a discussion is with some vintage entertainment. On the centenary weekend of the wreck of the mega-liner, our local movie palace near the Hudson River waterfront ran a triple bill of classic films about maritime disasters: A Night to Remember, Lifeboat, and The Poseidon Adventure. Each one highlights an aspect of the lifeboat problem. They’re useful analogies for thinking about the existential risks of booking a passage on spaceship Earth.

Can’t happen…

A Night to Remember frames the basic social priorities: Should we have lifeboats and who are they for? Just anybody?? When William McQuitty produced his famous 1958 docudrama of the Titanic’s last hours, the answers were blindingly obvious – of course we need lifeboats! They’re for everyone and there should be enough! Where is that moral certainty these days? And whatever happened to the universal technological optimism of 1912? For example, certain Seasteaders guarantee your rights – and presumably a lifeboat seat – only as long as your dues are paid. Libertarians privatize public goods, run them into the ground, squeeze out every dime, move the money offshore, and then dictate budget priorities in their own interest. Malthusians handle the menu planning. And the ship’s captain just might be the neo-feudal Prince Philip, plotting our course back to his Deep Green Eleventh Century.

Tallulah Bankhead in <em>Lifeboat</em>
Think Mink and Don’t Sink: Talulah Bankhead in Hitchcock’s Lifeboat.

Alfred Hitchcock’s Lifeboat deals with the problems of being in one. For a very long time – unlike the lucky stiffs on the Titanic, who were picked up in 2 hours. Specifically, it’s about a motley group of passengers thrown together in an open boat with short provisions, no compass, and no certain course. And, oh yes, the skipper is their mortal enemy: The lifeboat is helmed by the U-boat commander who torpedoed their ship. He overawes them with seafaring expertise and boundless energy (thanks to the speed pills in his secret stash) and then lulls them by singing sentimental German lieder. At night, the captain solves his problems of supply and authority by culling the injured passengers while everyone’s asleep. He tells the survivors they’re going to Bermuda. They’re actually headed for a rendezvous with his supply ship – and from there the slow boat to Buchenwald. The point of Lifeboat is simple: What can you do in your life and environment so you never, ever end up in one?

What’s wrong with this picture?

Risk avoidance is the moral of The Poseidon Adventure. A glorious old ocean liner, the Poseidon, is acquired by new owners who plan to scrap it. But these clever operators maximize shareholder value by billing the ship’s final voyage as a New Year’s cruise to Greece. They take on every paying passenger they can find, barter with a band to get free entertainment, and drive the underloaded ship hard and fast into the stormy winter Mediterranean over the protests of the captain and seasick travelers. At this point an undersea earthquake triggers a 90-foot tsunami, and despite ample warnings this monster wave broadsides the top-heavy liner at midnight, during the New Year’s party. First the ball drops. Then the other shoe drops. The result is the ultimate “Bottoms Up!”

And the takeaway of The Poseidon Adventure applies to all of the films and to life in general, not to mention the next few generations on the planet. As David McCollough’s famously concluded in The Johnstown Flood, it can be a fatal assumption ‘that the people who were responsible for your safety will act responsibly.’

You can have a ripping good time watching these old movies. And as futurists, sociologists, planners, catastrophists, humanists or transhumanists, you can conjure with them, too. Icebergs and U-boats have ceased to menace – of cruise ships, I say nothing.

But the same principles of egalitarianism, legitimacy, non-beligerence and prudential planning apply to Earth-crossing asteroids, CERN’s operations and program, Nano-Bio-Info-Cogno manipulations, monetary policy and international finance, and NATO deployments present and future.

Or do they? And if they do, who says so?

Ship beautiful — the Aquitania on her way.

CC BY-NC-ND Clark Matthews and The Lifeboat Foundation

Creative Commons License
Earth’s Titanic Challenges by Clark Matthews is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at https://lifeboat.com.

In light of continued frustration by many users, and due to a recent request by Prof Peter Howell on the lack of web administration on obscene/offensive posts and the effect this can have on the overall impression of Lifeboat, I have taken measures on cleaning up posts by a contributor who regularly depreciates the standards of what can otherwise be a fine blog of academic opinion. Apologies to Prof Otto Rossler — but referring to CERN as ‘urinating soldiers’ etc is far below the standards Lifeboat aspires to — Please clean up your act.

Tom — Web Admin.

What would it take to create and later revive a representative biosphere from frozen stores located on the Moon?

The costs of launchers is getting low enough that we can reasonably imagine the establishment of a lunar base well within NASA’s spaceflight budget.

With the discovery of ices on the lunar poles, astronauts could provide their own life-support indefinitely (water, oxygen, food, and fertilizer). While living in a sheltered habitat, they then immediately proceed to establish other basic processes to step-wise become increasingly independent of supplies from Earth (e.g. producing their own metals and glass).

Given the increasing independence of the small colony, one begins to consider if additional steps could be taken to achieve a fully independent small colony to serve as a backup for the human species should a catastrophe destroy humanity (e.g. a large asteroid or our own self-replicating technology).

We wouldn’t want just for humans to survive, but that other species could eventually be reestablished as well. If species could be stored in their frozen single cell form, millions of individual organisms could be delivered to the Moon in each 5,000 kg payload delivery.

But this leads to some interesting questions:

1) We cannot save all species. There are just too many of them. So, which should we choose in order to have a broad representation of the biosphere?

2) In what biologic form should the frozen specimen be so that they can be most easily revived? Bacteria & protozoa — frozen. Fungi — spores. Plants — seeds. But what about birds, mammals, etc? We can freeze embryos, but how do we get the adult mother to gestate them?

3) How could we eventually establish Minimum Viable Populations? (say 1,000 individuals per species).

It seems to me that these questions could form the basis for interesting biology studies. The more these questions are studied, looking for plausible solutions, the more interest there would be for establishing actual terrestrial and lunar preserves for the biosphere.

Now, if you click on the BioPreserver link on this website, you will learn that the Frozen Ark is doing something rather similar to what is suggested above. However, they focus only on endangered species and not a representation of the whole biosphere. Despite significant affiliations, the rate at which they are securing different species is insufficient to imagine backing up the biosphere in any reasonable number of years.

So please comment on the above ideas and suggest how it could be advanced.

Recently, Newt Gingrich made a speech indicating that, if elected, he would want 10% of NASA’s budget ($1.7 billion per year) set aside to fund large prizes incentivizing private industry to develop a permanent lunar base, a new propulsion method, and eventually establishing a martian base.

THE FINANCIAL FEASIBILITY OF A LUNAR BASE
Commentators generally made fun of his speech with the most common phrase used being “grandiose”. Perhaps. But in 1996 the Human Lunar Return study estimated $2.5 billion from NASA to send and return a human crew to the Moon. That was before SpaceX was able to demonstrate significant reductions in launch costs. One government study indicated 1/3 of the cost compared to traditional acquisition methods. Two of SpaceX’s Falcon Heavies will be able to launch nearly as much payload as the Saturn V while doing so at 1/15th the cost of the same mass delivered by the Shuttle.

So, we may be at the place where a manned lunar base is within reach even if we were to direct only 10% of NASA’s budget to achieve it.

I’m not talking about going to Mars with the need for shielding but rather to make fast dashes to the Moon and have our astronauts live under Moon dirt (regolith) shielding while exploiting lunar ice for air, water, and hence food.

IS A SMALL COLONY WITHIN REACH?
But the point of this post is this. If a small lunar base is within our reach, how much more would it take to achieve something that most of us realize would be the single most important step in ensuring the survival of the human species should a truly existential event strike Planet Earth. So I’m describing a small, self-sufficient colony. I would say that the difference between a base and a self-sufficient colony is fairly small. Small enough to make it worth our while to attempt to achieve.

THE MOST ESSENTIAL REQUIREMENTS
So, what are the requirements for a self-sufficient colony? The most critical would be air, water, and food. But understand, oxygen and water can be produced from the 600 million metric meters of water ice estimated to exist at the north lunar pole. So there’s no shortage. And with recycling, the amount of daily required input could be pretty small — small enough to easily be within a day’s task for mining. But food also requires fertilizer. Fortunately for us, the LCROSS results showed that there is also methane and ammonia in the ice and the regolith contains other minerals such as phosphorus and potassium. So, the most critical components for a colony would already be present with a manned base at a lunar pole.

HABITATS
Besides this, the colony would also need protection from the vacuum and cosmic radiation — i.e. a sealed habitat. This should not be too difficult. For a base, options include inflatable habitats and using fuel tanks as durable, sealable compartments. Radiation protection is as simple as piling regolith over the structures or even digging trenches or caves into the sides of hills or craters. That’s fine for a base. But a self-sufficient colony requires that future colonists be able to construct their own habitats. This could be achieved in the intermediate term by simply caving out habitats, supporting them, and then inflating a liner. Many such liners could be delivered in a single 5,000 kg payload. In the long term, such liners could be produced as plastics from volatiles resulting from the production of water from lunar ice. Broken liners could be patched or even melted to produce new liners. Alternately, metals can be fairly easily produced from the regolith. Run a permanent magnet through the soil, extract iron, melt it using solar concentrating mirrors and then process the molten metal to sheets, wires, cast forms, etc. Glass could be made the same way along with fiberglass. Natural lighting could supplement electrical power by using aluminum mirrors and glass. Supplemental heat could be provided in a similar manner along with locally derived insulation.

ELECTRICITY
Thin film solar panels can provide > 1,000 W/kg. So a 5,000 kg payload could provide a very large amount of onging power (if my math is correct, enough for perhaps 500 colonists). Excessive solar panels could be stored under ground and then used as needed thereby giving the colony decades of power. Eventually, a self-sustaining colony would need to produce its own power from silicon in the regolith. Storage of energy during the lunar night could be accomplished through the use of electrolysis of water to oxygen and hydrogen. These could then be recombined in a fuel cell to produce electricity and heat. Alternately, the colonists could simply travel every two weeks to the other side of the hill near the pole to another sunlit habitat.

CLOTHING
Again, to buy the colony time to be able to develop the ability to produce its own space suits, many years’ worth of thin airproof liners to space suits could be delivered in a single 5,000 kg payload. Again, a self-sustaining colony would need to eventually produce their own. Between the use of fiberglass, metals, and locally produced plastic or silicon sealants, eventually the colony could produce their own. Of course plants could be grown to provide fibers for clothing.

EQUIPMENT
To avoid day-long exposure to cosmic radiation while mining surface ice, mining could either be conducted underground or telerobotically. But regolith is very gritty and can wear out teleoperated mining equipment. But if a colony is able to produce its own metals and had machining equipment which could be used to produce more machining equipment, then the colony could stay ahead of equipment wearing out.

High-tech equipment (computer chips, cameras, and radio equipment) is certainly useful but I believe that there are ways around needing them. Still, in the interim, a single 5,000 kg payload delivery could provide centuries worth of computer chips, camera chips, and critical radio equipment components. For example, the Voyager craft have been exposed to 30+ years of 360 degree space radiation yet still work fine. So, an apple box worth of computer chips could last centuries. Eventually the colony would need to produce its own high-tech equipment. Perhaps they could use 1940’s technology such as vacuum tubes.

GRAVITY & PREGNANCY
The Moon’s 1/6 gravity is probably not enough to prevent bone and muscle loss. Experiments on the international space station (ISS) show that an exercise program can do much to prevent bone loss. A recent study indicates that Fosamax prevents bone loss in astronauts. A 5,000 kg payload could give 83 million doses of Fosamax. Stored in a permanently shadowed area, it could provide for a very large number of future colonists. But also, a basic centrifuge or even a tether ball-like contraption could provide artificial gravity for colonists for part of the day. Trenches dug along its path could provide partial protection from cosmic rays. Alternately, space forums have discussed completely underground centrifuges using various ingenious approaches.

Of particular concern is how fetal children would develop given limited gravity. Studies of animals on the ISS indicates that this is a real concern. We don’t know enough about this issue. Perhaps pregnant women would need to spend significant amounts of time in a centrifuge perhaps in all trimesters.

ADDITIONAL REQUIREMENTS
I have started with the most essential requirements and have worked down. I propose that there are technologic solutions for each of the requirements but perhaps I have been unrealistic in one or more areas or perhaps have neglected to address an important requirement. Feel free to comment below.

GENETIC DIVERSITY
For a truly self-sustaining colony, for humans, the Minimum Viable Population (MVP) is in the realm 1,000. I personally suspect that it is actually less than that but a solution here could be for a single payload delivery of frozen embryos for surrogate parenting to be frozen long-term in permanently shadowed areas. Although this may strike some as being unethical, these would only be needed in the event of a truly existential event on Planet Earth.

PRESERVING THE BIOSPHERE
I envision the colony as not only securing the human species but a good representation of Earth’s entire biosphere. But discussing the details of that topic would extend this post much longer than it has already become. More on that later.

I am taking the advice of a reader of this blog and devoting part 2 to examples of old school and modern movies and the visionary science they portray.

Things to Come 1936 — Event Horizon 1997
Things to Come was a disappointment to Wells and Event Horizon was no less a disappointment to audiences. I found them both very interesting as a showcase for some technology and social challenges.… to come- but a little off the mark in regards to the exact technology and explicit social issues. In the final scene of Things to Come, Raymond Massey asks if mankind will choose the stars. What will we choose? I find this moment very powerful- perhaps the example; the most eloguent expression of the whole genre of science fiction. Event Horizon was a complete counterpoint; a horror movie set in space with a starship modeled after a gothic cathedral. Event Horizon had a rescue crew put in stasis for a high G several month journey to Neptune on a fusion powered spaceship. High accelleration and fusion brings H-bombs to mind, and though not portrayed, this propulsion system is in fact a most probable future. Fusion “engines” are old hat in sci-fi despite the near certainty the only places fusion will ever work as advertised are in a bomb or a star. The Event Horizon, haunted and consigned to hell, used a “gravity drive” to achieve star travel by “folding space.” Interestingly, a recent concept for a black hole powered starship is probably the most accurate forecast of the technology that will be used for interstellar travel in the next century. While ripping a hole in the fabric of space time may be strictly science fantasy, for the next thousand years at least, small singularity propulsion using Hawking radiation to achieve a high fraction of the speed of light is mathematically sound and the most obvious future.

https://lifeboat.com/blog/2012/09/only-one-star-drive-can-work-so-far

That is, if humanity avoids an outbreak of engineered pathogens or any one of several other threats to our existence in that time frame.

Hand in hand with any practical method of journeys to other star systems in the concept of the “sleeper ship.” Not only as inevitable as the submarine or powered flight was in the past, the idea of putting human beings in cold storage would bring tremendous changes to society. Suspended animation using a cryopreservation procedure is by far the most radical and important global event possible, and perhpas probable, in the near future. The ramifications of a revivable whole body cryopreservation procedure are truly incredible. Cryopreservation would be the most important event in the history of mankind. Future generations would certainly mark it as the beginning of “modern” civilization. Though not taken seriously anymore than the possiblility of personal computers were, the advances in medical technology make any movies depicting suspended animation quite prophetic.

The Thing 1951/Them 1954 — Deep Impact 1998/Armegeddon 1998
These four movies were essentially about the same.…thing. Whether a space vampire not from earth in the arctic, mutated super organisms underneath the earth, or a big whatever in outer space on a collision course with earth, the subject was a monstrous threat to our world, the end of humankind on earth being the common theme. The lifeboat blog is about such threats and the The Thing and Them would also appeal to any fan of Barbara Ehrenreich’s book, Blood Rites. It is interesting that while we appreciate in a personal way what it means to face monsters or the supernatural, we just do not “get” the much greater threats only recently revealed by impact craters like Chixculub. In this way these movies dealing with instinctive and non-instinctive realized threats have an important relationship to each other. And this connection extends to the more modern sci-fi creature features of past decades. Just how much the The Thing and Them contributed to the greatest military sci-fi movie of the 20th century (Aliens, of course) will probably never be known. Director James Cameron once paid several million dollars out of court to sci-fi writer Harlan Ellison after admitting during an interview to using Ellison’s work- so he will not be making that mistake again. The second and third place honors, Starship Troopers and Predator, were both efforts of Dutch Film maker Paul Verhoeven.

While The Thing and Them still play well, and Deep Impact, directed by James Cameron’s ex-wife, is a good flick and has uncanny predictive elements such as a black president and a tidal wave, Armegeddon is worthless. I mention this trash cinema only because it is necessary for comparison and to applaud the 3 minutes when the cryogenic fuel transfer procedure is seen to be the farce that it is in actuality. Only one of the worst movie directors ever, or the space tourism industry, would parade such a bad idea before the public.
Ice Station Zebra 1968 — The Road 2009
Ice Station Zebra was supposedly based on a true incident. This cold war thriller featured Rock Hudson as the penultimate submarine commander and was a favorite of Howard Hughes. By this time a recluse, Hughes purchased a Las Vegas TV station so he could watch the movie over and over. For those who have not seen it, I will not spoil the sabotage sequence, which has never been equaled. I pair Ice Station Zebra and The Road because they make a fine quartet, or rather sixtet, with The Thing/Them and Deep Impact/Armegeddon.

The setting for many of the scenes in these movies are a wasteland of ice, desert, cometoid, or dead forest. While Armegeddon is one of the worst movies ever made on a big budget, The Road must be one of the best on a small budget- if accuracy is a measure of best. The Road was a problem for the studio that produced it and release was delayed due to the reaction of the test audiences. All viewers left the theatre profoundly depressed. It is a shockingly realistic movie and disturbed to the point where I started writing about impact deflection. The connection between Armegeddon and The Road, two movies so different, is the threat and aftermath of an asteroid or comet impact. While The Road never specifies an impact as the disaster that ravaged the planet, it fits the story perfectly. Armegeddon has a few accurate statements about impacts mixed in with ludicrous plot devices that make the story a bad experience for anyone concerned with planetary protection. It seems almost blasphemous and positively criminal to make such a juvenile for profit enterprise out of an inevitable event that is as serious as serious gets. Do not watch it. Ice Station Zebra, on the other hand, is a must see and is in essence a showcase of the only tools available to prevent The Road from becoming reality. Nuclear weapons and space craft- the very technologies that so many feared would destroy mankind, are the only hope to save the human race in the event of an impending impact.

Part 3:
Gog 1954 — Stealth 2005
Fantastic Voyage 1966 — The Abyss 1989
And notable moments in miscellaneous movies.

If I can intervene on the polarized opinions posted by some individuals on Lifeboat regarding CERN and particle physics safety debate, wherein I was name dropped recently — the person in question, Mr Church, may find my email address on page one of the dissertation linked in my bio. Regarding the safety conference asked for by the Cologne Administrative Court cited by Prof Rossler, I would suggest that with its ample funds, The Lifeboat Foundation should host a public conference on the subject and invite CERN delegates, critics and journalists alike to attend. In the spirit of the Lifeboat Foundation, however, I would suggest that the focus of such conference should be on discussion of how particle physics can be used to solve problems in the future — and the matter of fringe concerns on MBH accretion rates and so on could be dealt with as a subtext. I think it would be a good opportunity to ‘clear the air’ and could be good for the profile not just of the Lifeboat Foundation, but for particle physics research in general. I would like to hear others thoughts on this, and how Lifeboat manages its funds for such events and conferences…

Greetings fellow travelers, please allow me to introduce myself; I’m Mike ‘Cyber Shaman’ Kawitzky, independent film maker and writer from Cape Town, South Africa, one of your media/art contributors/co-conspirators.

It’s a bit daunting posting to such an illustrious board, so let me try to imagine, with you; how to regard the present with nostalgia while looking look forward to the past, knowing that a millisecond away in the future exists thoughts to think; it’s the mode of neural text, reverse causality, non-locality and quantum entanglement, where the traveller is the journey into a world in transition; after 9/11, after the economic meltdown, after the oil spill, after the tsunami, after Fukushima, after 21st Century melancholia upholstered by anti-psychotic drugs help us forget ‘the good old days’; because it’s business as usual for the 1%; the rest continue downhill with no brakes. Can’t wait to see how it all works out.

Please excuse me, my time machine is waiting…
Post cyberpunk and into Transhumanism

Dear Lifeboat Foundation Family & Friends,

A few months back, my Aunt Charlotte wrote, wondering why I — a relentless searcher focused upon human evolution and long-term human survival strategy, had chosen to pursue a PhD in economics (Banking & Finance). I recently replied that, as it turns out, sound economic theory and global financial stability both play central roles in the quest for long-term human survival. In the fifth and final chapter of my recent Masters thesis, On the Problem of Sustainable Economic Development: A Game-Theoretical Solution, I argued (with considerable passion) that much of the blame for the economic crisis of 2008 (which is, essentially still upon us) may be attributed the adoption of Keynesian economics and the dismissal of the powerful counter-arguments tabled by his great rival, F.A. von Hayek. Despite the fact that they remained friends all the way until the very end, their theories are diametrically opposed at nearly every point. There was, however, at least one central point they agreed upon — indeed, Hayek was fond of quoting one of Keynes’ most famous maxims: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else” [1].

And, with this nontrivial problem and and the great Hayek vs. Keynes debate in mind, I’ll offer a preview-by-way-of-prelude with this invitation to turn a few pages of On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective:

It is perhaps significant that Keynes hated to be addressed as “professor” (he never had that title). He was not primarily a scholar. He was a great amateur in many fields of knowledge and the arts; he had all the gifts of a great politician and a political pamphleteer; and he knew that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed the world is ruled by little else” [1]. And as he had a mind capable of recasting, in the intervals of his other occupations, the body of current economic theory, he more than any of his compeers had come to affect current thought. Whether it was he who was right or wrong, only the future will show. There are some who fear that if Lenin’s statement is correct that the best way to destroy the capitalist system is to debauch the currency, of which Keynes himself has reminded us [1], it will be largely due to Keynes’s influence if this prescription is followed.…

Perhaps the explanation of much that is puzzling about Keynes’s mind lies in the supreme confidence he had acquired in his power to play on public opinion as a supreme master plays on his instrument. He loved to pose in the role of a Cassandra whose warnings were not listened to. But, in fact, his early success in swinging round public opinion about the peace treaties had given him probably even an exaggerated estimate of his powers. I shall never forget one occasion – I believe the last time that I met him – when he startled me by an uncommonly frank expression of this. It was early in 1946, shortly after he had returned from the strenuous and exhausting negotiations in Washington on the British loan. Earlier in the evening he had fascinated the company by a detailed account of the American market for Elizabethan books which in any other man would have given the impression that he had devoted most of his time in the United States to that subject. Later a turn in the conversation made me ask him whether he was not concerned about what some of his disciples were making of his theories. After a not very complimentary remark about the persons concerned, he proceeded to reassure me by explaining that those ideas had been badly needed at the time he had launched them. He continued by indicating that I need not be alarmed; if they should ever become dangerous I could rely upon him again quickly to swing round public opinion – and he indicated by a quick movement of his hand how rapidly that would be done. But three months later he was dead [2].

As always, any and all comments, criticisms, thoughts, and suggestions are welcome!

Bidding you Godspeed,

Matt Funk, FLS, PhD Candidate, University of Malta, Dept. of Banking & Finance

[1]. KE YNES, J. (1920). The General Theory of Employment, Interest and Money (Palgrave Macmillan, London).

[2]. HAYEK, F. (1952). Review of R.F. Harrod’s ‘The Life of John Maynard Keynes’. J of Mod Hist 24:195–198.

Perhaps the most important lesson, which I have learned from Mises, was a lesson located outside economics itself. What Mises taught us in his writings, in his lectures, in his seminars, and in perhaps everything he said, was that economics—yes, and I mean sound economics, Austrian economics—is primordially, crucially important. Economics is not an intellectual game. Economics is deadly serious. The very future of mankind —of civilization—depends, in Mises’ view, upon widespread understanding of, and respect for, the principles of economics.

This is a lesson, which is located almost entirely outside economics proper. But all Mises’ work depended ultimately upon this tenet. Almost invariably, a scientist is motivated by values not strictly part of the science itself. The lust for fame, for material rewards—even the pure love of truth—these goals may possibly be fulfilled by scientific success, but are themselves not identified by science as worthwhile goals. What drove Mises, what accounted for his passionate dedication, his ability to calmly ignore the sneers of, and the isolation imposed by academic contemporaries, was his conviction that the survival of mankind depends on the development and dissemination of Austrian economics…

Austrian economics is not simply a matter of intellectual problem solving, like a challenging crossword puzzle, but literally a matter of the life or death of the human race.

–Israel M. Kirzner, Society for the Development of Austrian Economics Lifetime Achievement Award Acceptance Speech, 2006

Dear Lifeboat Foundation family & friends,

This 243-page thesis and this 16-page executive summary deliver a tenable, game-theoretical solution to this complex global dilemma:

Our narrative tables evolutionarily stable strategy for the problem of sustainable economic development on earth and other earth-like planets. In order to accomplish the task at hand with so few words, we hit the ground running with an exploration of Bertrand Russell’s conjecture that economic power is a derivative function of military power. Next we contextualize the formidable obstacle presented of teleological thinking. Third, we introduce Truly Non-cooperative Games – axioms and complimentary negotiation models developed to analyze a myriad of politico-economic problems, including the problem of sustainable economic development. Here we present The Principle of Relative Insularity, a unified theory of value which unites economics, astrophysics, and biology. Finally, we offer a synthetic narrative in which we explore several crucial logical implications that follow from our findings.

Those interested in background details and/or a deeper exploration of the logical implications that follow from this theoretical development may wish to pursue a few pages of an comprehensive, creative, and thoroughly exhaustive letter of introduction to this abridged synthesis: The Principles of Economics & Evolution: A Survival Guide for the Inhabitants of Small Islands, Including the Inhabitants of the Small Island of Earth.

Those interested in considering how this game-theoretical solution informs “evolutionarily stable” investment strategy may also wish to take in a brief overview of my PhD research: On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective.

Please feel free to post all thoughts, comments, criticisms, and suggestions.

Thanks for reading!

Sincerely,

Matt Funk, FLS, BSc, MA, MFA, PhD Candidate, University of Malta, Department of Banking & Finance

PS: The author would like to thank the Lifeboat Foundation, Linnean Society of London, Property and Environment Research Center, Society for Range Management, Professors Kurial, Nagarajan, Baldacchino, Fielding, Falzon (University of Malta), Lockwood (University of Wyoming), MacKinnon (Memorial University), Sloan (Lancaster University), McKenna (Notre Dame), Schlicht (Ludwig-Maximilians- Universität München) and his dedicated team at MPRA, author & astronomer Jeff Kanipe, Dr Willard S. Boyle, Dr John Harris, fellow students, family, and friends for their priceless guidance, support, and encouragement. He also sends out a very special thanks to Professors Frey (Universität Zürich), Selten (Universität Bonn), and Nash (Princeton University) for their originality, independence, and inspiration.