Info Econ


March 25 1996

Sending to recipient group...
To: Kevin Kelly
Address: internet : kk@well.com
To: Jay Ogilvy
Address: internet : ogilvy@well.com

Can Nobel prizes be awarded "posthumously"?

Check out the Gospel of Thomas.

It sounded like heresy then and it sounds exactly the same today. In a nutshell, info economics is "non-economic":

"If you have money, do not lend it at interest. Rather, give it to someone from whom you will not get it back."

There simply isn't an answer to the info econ story in terms business is equipped to cope with. The practice of capitalism as we know it is inherently antithetical to the laws of information economics.

Why else do you think it has defeated everybody?

I sense problems in the making.

On that note, I'm off to watch the Oscars. I hope the pig wins. I have an empathy for the little fellah.

Nick


Throw away holiness and wisdom,
and people will be a hundred times happier.
Throw away morality and justice,
and people will do the right thing.
Throw away industry and profit,
and there won't be any thieves.

If these three aren't enough,
just stay at the center of the circle
and let all things take their course.

When man interferes with the Tao,
the sky becomes filthy,
the earth becomes depleted,
the equilibrium crumbles,
creatures become extinct.

The more prohibitions you have,
the less virtuous people will be.
The more weapons you have,
the less secure people will be.
The more subsidies you have,
the less self-reliant people will be.

Therefore the Master says:
I let go of the law,
and people become honest.
I let go of economics,
and people become prosperous.
I let go of religion,
and people become serene.
I let go of all desire for the common good,
and the good becomes common as grass.

Governing a large country
is like frying a small fish.
You spoil it with too much poking.

Center your country in the Tao
and evil will have no power.
Not that it isn't there,
but you'll be able to step out of its way.

Give evil nothing to oppose
and it will disappear by itself.

- Book of the Way


March 26th, 1996

fix and Tao Te Ching addition May 20th

ascend