The fundamental concept of market and trade lies in the theory of the buyer and seller negotiations were supply and demand arises and when goods are being exchanged in the perspective of either the buyer and the seller. The conflicting desire between the buyer and seller will create a marketing case inside a given marketplace. Undeniably, the definition of market in any theoretical book of business is to point out the importance of the buyer and the seller exchanging the money and goods in a given place. In fact, if you listen to the basic lesson of marketing and economics, market is any place where there is a business negotiation of buying and selling of goods with the exchange of money and merchandize.
The hypothetical thought of “EXCHANGE OF GOODS AND MONEY IN ANY PLACE” will drive us to our thesis of this article that business can be anywhere. What is important that both parties can achieve the desired value expected as a buyer or a seller. Business negotiation on another thought gives theoretical techniques as to how the buyer and seller will achieve an agreement. This business communication of the marketer and the seller drives as back since the time of the market place called “AGORA” This term and place of market is also the center of the many study in social science related to market economy theories. Since civilization started, business market also started to organize the exchange of goods and service with the equivalent value of money. Money on another note gives us the historical analogy of gold and silver that during the time of ancient Rome and Egypt they were able to sustain their international business with less logistical problem avoiding the scenario of barter trade. By using money or Gold & Silver Coin at that time they were able to follow a standard of business and economic law that the value of goods exchanged in Egypt will reach Rome in gold or silver coin. Finance, Accounting, and Engineering at that time prosper the Economy of Rome during that time. When the economy is rich then the political pressure of the government will follow as to how to allocate the wealth of nation into the different streams and agencies of the land.
TAXATION involving Finance, Accounting, & Law drives the economy by theorizing the immediate economic environment of Rome and Egypt at that time. Civilization and government of Rome and Egypt at that time are leading the world economic civilization from the adjacent corner of the globe. I tried to picture this economic setup to give a comparison of my reader the evolution of international business and economics during the ancient civilization and our wireless market economy of today. The fundamental concepts of exchange of goods and services with the equivalent monetary value will always be the same since the time of the ancient Rome and Egypt until today in the Stock Market of New York but with a different technological platform. The resistance of Saddam Hussein to use the stocks and the bonds in the world market created an isolated and old idea that “gold standard” is still best for world trade even though the supply of gold in the world is not enough for global circulation. This will imply that change of technological form of monetary goods will change as human civilization will continue its journey as a world civilization in this universe.
The book of James Richards “The Death of Money” will prove that the evolution of money technology is real in our international economics since civilization started. In correlation to that theoretical thesis and idea of James Richards “The Death of Money” the book of Niall Ferguson “The Ascent of Money” will pave the perpetual evolution of money in our world market. Accordingly, the form and the technological platform of exchange of goods and services in the market will lead to the wireless market that we have today that the new “Agora” of e-commerce will continue the ancient global trade but with a fast movement allowing a bigger capacity of business and economic communication transfer without the heavy lifting of the gold & silver coin. The fundamental concept of BITCOIN currency will allow more debates in the chambers of the economists and law makers as to how this new technology will cover the fast-moving world market economy. The common problem in our world stock market today in terms of the financial carry trade rates will resolve its slack value given that BITCOIN will be driven via online value. Interestingly, I am reading as well the book publication of Martin Quest “Crypto currency Master Bundle” that the lucrative financial theories of Martin Quest in terms of the BITCOIN technology will resolve the conflicting economic dilemma of Saddam Hussein. Indeed, I chose to have this thesis in my article to show that the new economic civilization is pointing towards the WEB 4.0-5.0 economy.
Old and Chaotic Kind Agora
Wireless Cloud Economy:
The book of Raychaudhuri & Gerla reiterates the importance of cloud computing in our future WIRELESS AGORA. The book further implies the importance of wireless technologies to be installed in the society and the economy as a whole in order to move the economy faster and with a low carbon emission. Wireless technology in the economy will allow the mobility more natural that in a way the mimicking of economic movement in the physical world will translate and migrate the whole economic movement to the cloud economy. From education, business, science, & simple tiktok dance moves will all migrate to the cloud economy. The new AGORA of wireless economy will allow mobility limitless that cross border business transactions are much easier knowing that border rules and regulation are more defused in the wireless platform. International laws are more effective in such away that international business transactions using the wireless economy will allow the unprecedented uniformity of transaction regulations.
Having said that, Raychaudhuri & Gerla further elaborates the continued expansion of wireless technology in the economies around the world will realize the migration of business and economics in the physical world towards the cyber world. Indeed, the hardware requirements of the internet will also demand in accordance to the software requirement relative to the migration of economic mobility in the web. Take for example the mobile phone internet platform, the mobility of business supervisors to go around the country for example checking their marketing operations in the branch offices around the country will allow more internet connectively for the supervisor or manager to mirror all the business travel activities online. Thus, business companies like Microsoft, CISCO, and Sun Micro System (Oracle Company) offer exclusive and safe platforms for companies to manage their ERP system across the supply chain. These platforms given by the three companies are well organized that the CLOUD AGORA will link to GOVERNMENT and the various LAW ratifications both national and international business negotiations.
The internet hardware infrastructure will widen its reach for the reason that businesses and conglomerates will get addicted to the LOW COST AND FAST LOGISTICAL COMMUNICATIONS using the ERP system. Certainly, the addiction of the financial market in NY using the internet is reaching the skies of data knowing that by using the internet in the stock market greater business profits can be achieved in the web. Accurate research analysis and logistical movements saved huge percentage of cost and maximize profit with all the investment companies in NY. The approach of this of book of Raychaudhuri & Gerla applies more on the main street SME and further to conglomerates in expanding the wireless internet infrastructure from the engineering point of view relating to the business IT communication inside the supply chain ERP system. The elementary concept of the narratives projects the need of more upgrade in hardware and microchips of electronic products used in expanding the program of wireless economy knowing that economy migration in the internet needs higher capacity of computer memory requirements in order handle the KMS of economic business movement in a given government.
All these documentation and financial accounting and economics documentation inside the physical office towards the E-office will connect to the actual INDUSTRIAL OPERATIONS in the PRODUCTION LINE using ROBOTICS. The reach of the managerial decision case standards will reach the raw data calculations from the actual OPERATIONS MANAGEMENT office summarizing the DATA OUTPUT of the INDUSTRIAL OPERATIONS using ROBOTICS. Accuracy is the key to a good management, and by achieving these ideals one must have accurate data input from this new microchip loaded equipment in the production line. The example that I’m giving is more of the production and marketing side of business but the design of this wireless economy is also versatile and flexible according to the nature of organizational structure. Military ERP system, Government ERP System, are all part of the migration of economy to the web using wireless technology. The work of art of these IT engineers using the SCIENCE OF CODING will form the new wireless economy. These IT Engineers are the NEW ECONOMIC PHILOSOPHER IN THE WIRELESS ECONOMY like Karl Marx and Adam Smith.
Mind you, the engineers and mathematicians during the time of David Ricardo and Thomas Hume et al. are having a hard time realizing their philosophical ideals knowing that their philosophical theories need to be realized by engineers during that time in the real physical world using basic engineering tools. Thus, architecture and engineering always go together to give the scaffolding of ideas to the engineers from the imaginations and ideas of the philosophers. Thus, in the physical world you need mathematical functions to realize all those theorems created by the Philosophers. But today, wireless economy is the architect itself knowing that AI IS THE NEW ARCHITECT IN THE WIRELESS ECONOMY. All the wild dreams of the economic philosophers before and until today has a bigger chance to be realized knowing that CLOUD COMPUTING AND WIRELESS ECONOMY is versatile in nature in terms of program design.
Virtual economy using BLOCKCHAIN technology will allow data
quantification in an unprecedented manner beyond the reach of the human
intellect and imagination of the economic philosopher from then and now. AI economic design and infrastructure will
go wild in the cosmic world of civilization and will give humanity the key
ideas of the possibilities of the new economic civilization beyond our galaxy
and universe. The classic fiction movie series
of Star Wars and star trek will elaborate our imagination of intergalactic
civilization and economy migration. This
wireless economy migration is the start of our human journey towards the type
2-4 civilization according to Michio Kaku.
But at present our local economies and national governments must work on
connecting our general population to gather enough data for AI data processing
in managing and organizing our future governments and human civilization.
The Heart and Soul of AI and the Wireless economy
Shakespeare and his writing are poetic it may seem but all those qualitative natures of human affections and human feelings is the heart and soul of the program of AI and the wireless technology. Take for example the social media company Facebook, the company designed the reaction button in every post on your Facebook to gather the immediate feelings of your friends and followers online. If you can notice the like, care, love, angry, etc. buttons these are definition of feelings that you can express in every post of your friends Facebook timeline or even your own Facebook social media timeline. These emoticons don’t mean nothing. Everything in FACEBOOK INTERFACE in your browser has its purpose even THE COLOR OF FACEBOOK. The blue color has its psychological effect to humans. If the color red is usually used in restaurants, blue is also used in twitter, facebook, & Linkedin page browsers. Fonts, colors, and all are connecting to the real world of humans or the heart and soul of homo sapiens.
If these various social media interface will translate the natural movement of emotions of humans, governments and private companies can utilize these data to be used in DATA INTERPRETATIONS in various faculties and bureaus of the government. The book of Marcus Du Sautoy “The Creativity Code” projects a deeper artistic usage of AI and computing that he compared the writing of the codes of AI from the physical world like the work of art of Da Vinci. When these Renaissance scholars like Leonardo formed the leading civilizations of the past through his work of art empires and governments respected his innovative ideas in science and arts translated to governance and social engineering. In my previous blog I discussed the life and works of Leonardo, and all his works are based on feelings translated to philosophy, art, mathematics, then engineering.
Today all our modern feelings in any corners
and governments of the world even our human daily emotions printed in our
photos and writings in social media for example will be translated into
computer codes ready to be processed as data interpretation narratives for any
social engineering use by the government for example. Through these data processing example, the
concept of SMART city and e-government will help manage the overall social engineering
of any given government. In a Macro
level, these generalized data output from national governments can be used in
international organizations like WTO, UN, IMF, & WB for a macro level governance of world order.
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