Archive for the ‘sustainability’ tag: Page 4

Apr 25, 2011

On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective

Posted by in categories: complex systems, economics, existential risks, finance, human trajectories, lifeboat, philosophy, policy, sustainability

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.…

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Apr 2, 2011

A (Relatively) Brief Introduction to The Principles of Economics & Evolution: A Survival Guide for the Inhabitants of Small Islands, Including the Inhabitants of the Small Island of Earth

Posted by in categories: asteroid/comet impacts, biological, complex systems, cosmology, defense, economics, existential risks, geopolitics, habitats, human trajectories, lifeboat, military, philosophy, sustainability

(NOTE: Selecting the “Switch to White” button on the upper right-hand corner of the screen may ease reading this text).

“Who are you?” A simple question sometimes requires a complex answer. When a Homeric hero is asked who he is.., his answer consists of more than just his name; he provides a list of his ancestors. The history of his family is an essential constituent of his identity. When the city of Aphrodisias… decided to honor a prominent citizen with a public funeral…, the decree in his honor identified him in the following manner:

Hermogenes, son of Hephaistion, the so-called Theodotos, one of the first and most illustrious citizens, a man who has as his ancestors men among the greatest and among those who built together the community and have lived in virtue, love of glory, many promises of benefactions, and the most beautiful deeds for the fatherland; a man who has been himself good and virtuous, a lover of the fatherland, a constructor, a benefactor of the polis, and a savior.
– Angelos Chaniotis, In Search of an Identity: European Discourses and Ancient Paradigms, 2010

I realize many may not have the time to read all of this post — let alone the treatise it introduces — so for those with just a few minutes to spare, consider abandoning the remainder of this introduction and spending a few moments with a brief narrative which distills the very essence of the problem at hand: On the Origin of Mass Extinctions: Darwin’s Nontrivial Error.

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Apr 18, 2010

Ray Kurzweil to keynote “H+ Summit @ Harvard — The Rise Of The Citizen Scientist”

Posted by in categories: biological, biotech/medical, business, complex systems, education, events, existential risks, futurism, geopolitics, human trajectories, information science, media & arts, neuroscience, robotics/AI

With our growing resources, the Lifeboat Foundation has teamed with the Singularity Hub as Media Sponsors for the 2010 Humanity+ Summit. If you have suggestions on future events that we should sponsor, please contact [email protected].

The summer 2010 “Humanity+ @ Harvard — The Rise Of The Citizen Scientist” conference is being held, after the inaugural conference in Los Angeles in December 2009, on the East Coast, at Harvard University’s prestigious Science Hall on June 12–13. Futurist, inventor, and author of the NYT bestselling book “The Singularity Is Near”, Ray Kurzweil is going to be keynote speaker of the conference.

Also speaking at the H+ Summit @ Harvard is Aubrey de Grey, a biomedical gerontologist based in Cambridge, UK, and is the Chief Science Officer of SENS Foundation, a California-based charity dedicated to combating the aging process. His talk, “Hype and anti-hype in academic biogerontology research: a call to action”, will analyze the interplay of over-pessimistic and over-optimistic positions with regards of research and development of cures, and propose solutions to alleviate the negative effects of both.

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Mar 7, 2009

The ‘Sustainability Solution’ to the Fermi Paradox

Posted by in categories: human trajectories, space, sustainability

Jacob Haqq-Misra and Seth D. Baum (2009). The Sustainability Solution to the Fermi Paradox. Journal of the British Interplanetary Society 62: 47–51.

Background: The Fermi Paradox
According to a simple but powerful inference introduced by physicist Enrico Fermi in 1950, we should expect to observe numerous extraterrestrial civilizations throughout our galaxy. Given the old age of our galaxy, Fermi postulated that if the evolution of life and subsequent development of intelligence is common, then extraterrestrial intelligence (ETI) could have colonized the Milky Way several times over by now. Thus, the paradox is: if ETI should be so widespread, where are they? Many solutions have been proposed to account for our absence of ETI observation. Perhaps the occurrence of life or intelligence is rare in the galaxy. Perhaps ETI inevitably destroy themselves soon after developing advanced technology. Perhaps ETI are keeping Earth as a zoo!

The ‘Sustainability Solution’
The Haqq-Misra & Baum paper presents a definitive statement on a plausible but often overlooked solution to the Fermi paradox, which the authors name the “Sustainability Solution”. The Sustainability Solution states: the absence of ETI observation can be explained by the possibility that exponential or other faster-growth is not a sustainable development pattern for intelligent civilizations. Exponential growth is implicit in Fermi’s claim that ETI could quickly expand through the galaxy, an assumption based on observations of human expansion on Earth. However, as we are now learning all too well, our exponential expansion frequently proves unsustainable as we reach the limits of available resources. Likewise, because all civilizations throughout the universe may have limited resources, it is possible that all civilizations face similar issues of sustainability. In other words, unsustainably growing civilizations may inevitably collapse. This possibility is the essence of the Sustainability Solution.

Implications for the Search for Extraterrestrial Intelligence (SETI)
If the Sustainability Solution is true, then we may never observe a galactic-scale ETI civilization, for such an empire would have grown and collapsed too quickly for us to notice. SETI efforts should therefore focus on ETI that grow within the limits of their carrying capacity and thereby avoid collapse. These slower-growth ETI may possess the technological capacity for both radio broadcasts and remote interstellar exploration. Thus, SETI may be more successful if it is expanded to include a search of our Solar System for small, unmanned ETI satellites.

Implications for Human Civilization Management
Does the Sustainability Solution mean that humanity must live sustainably in order to avoid collapse? Not necessarily. Humanity could collapse even if it lives sustainably—for example, if it collides with a large asteroid. Alternatively, humanity may be able to grow rapidly for much longer—for example, until we have colonized the entire Solar System. Finally, the Sustainability Solution is only one of several possible solutions to the Fermi paradox, so it is not necessarily the case that all civilizations must grow sustainably or else face collapse. However, the possibility of the Sustainability Solution makes it more likely that humanity must live more sustainably if it is to avoid collapse.

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