Lifeboat Foundation

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.…

Continue reading “On the Problem of Modern Portfolio Theory: In Search of a Timeless & Universal Investment Perspective” »

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

Continue reading “On the Problem of Sustainable Economic Development: A Game-Theoretical Solution” »

(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.

Continue reading “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” »

California Dreams Video 1 from IFTF on Vimeo.

INSTITUTE FOR THE FUTURE ANNOUNCES CALIFORNIA DREAMS:
A CALL FOR ENTRIES ON IMAGINING LIFE IN CALIFORNIA IN 2020

Put yourself in the future and show us what a day in your life looks like. Will California keep growing, start conserving, reinvent itself, or collapse? How are you living in this new world? Anyone can enter,anyone can vote; anyone can change the future of California!

California has always been a frontier—a place of change and innovation, reinventing itself time and again. The question is, can California do it again? Today the state is facing some of its toughest challenges. Launching today, IFTF’s California Dreams is a competition with an urgent challenge to recruit citizen visions of the future of California—ideas for what it will be like to live in the state in the next decade—to start creating a new California dream.

Continue reading “What's Your Dream for the Future of California?” »

Did you know that many researchers would like to discover light-catching components in order to convert more of the sun’s power into carbon-free electric power?

A new study reported in the journal Applied Physics Letters in August this year (published by the American Institute of Physics), explains how solar energy could potentially be collected by using oxide materials that have the element selenium. A team at the Lawrence Berkeley National Laboratory in Berkeley, California, embedded selenium in zinc oxide, a relatively affordable material that could make more efficient use of the sun’s power.

The team noticed that even a relatively small amount of selenium, just 9 percent of the mostly zinc-oxide base, significantly enhanced the material’s efficiency in absorbing light.

The main author of this study, Marie Mayer (a fourth-year University of California, Berkeley doctoral student) affirms that photo-electrochemical water splitting, that means using energy from the sun to cleave water into hydrogen and oxygen gases, could potentially be the most fascinating future application for her labor. Managing this reaction is key to the eventual production of zero-emission hydrogen powered motors, which hypothetically will run only on water and sunlight.

Continue reading “American Institute of Physics reveals more cost-efficient selenium photovoltaic cells” »

Abstract

J. Storrs Hall’s Weather Machine is a relatively simple nanofabricated machine system with significant consequences in politics and ethics.

After a brief technical description, this essay analyzes the ends, means, and circumstances of a feasible method of controlling the weather, and includes some predictions regarding secondary effects.

Article

Continue reading “The Politics and Ethics of the Hall Weather Machine” »

Paul J. Crutzen

Although this is the scenario we all hope (and work hard) to avoid — the consequences should be of interest to all who are interested in mitigation of the risk of mass extinction:

“WHEN Nobel prize-winning atmospheric chemist Paul Crutzen coined the word Anthropocene around 10 years ago, he gave birth to a powerful idea: that human activity is now affecting the Earth so profoundly that we are entering a new geological epoch.

The Anthropocene has yet to be accepted as a geological time period, but if it is, it may turn out to be the shortest — and the last. It is not hard to imagine the epoch ending just a few hundred years after it started, in an orgy of global warming and overconsumption.

Continue reading “Post-human Earth: How the planet will recover from us” »

For any assembly or structure, whether an isolated bunker or a self sustaining space colony, to be able to function perpetually, the ability to manufacture any of the parts necessary to maintain, or expand, the structure is an obvious necessity. Conventional metal working techniques, consisting of forming, cutting, casting or welding present extreme difficulties in size and complexity that would be difficult to integrate into a self sustaining structure.

Forming requires heavy high powered machinery to press metals into their final desired shapes. Cutting procedures, such as milling and lathing, also require large, heavy, complex machinery, but also waste tremendous amounts of material as large bulk shapes are cut away emerging the final part. Casting metal parts requires a complex mold construction and preparation procedures, not only does a negative mold of the final part need to be constructed, but the mold needs to be prepared, usually by coating in ceramic slurries, before the molten metal is applied. Unless thousands of parts are required, the molds are a waste of energy, resources, and effort. Joining is a flexible process, and usually achieved by welding or brazing and works by melting metal between two fixed parts in order to join them — but the fixed parts present the same manufacturing problems.

Ideally then, in any self sustaining structure, metal parts should be constructed only in the final desired shape but without the need of a mold and very limited need for cutting or joining. In a salient progressive step toward this necessary goal, NASA demonstrates the innovative Electron Beam Free Forming Fabrication (http://www.aeronautics.nasa.gov/electron_beam.htm) Process. A rapid metal fabrication process essentially it “prints” a complex three dimensional object by feeding a molten wire through a computer controlled gun, building the part, layer by layer, and adding metal only where you desire it. It requires no molds and little or no tooling, and material properties are similar to other forming techniques. The complexity of the part is limited only by the imagination of the programmer and the dexterity of the wire feed and heating device.

Continue reading “Electron Beam Free Form Fabrication process — progress toward self sustaining structures” »

May 2: Many U.S. emergency rooms and hospitals crammed with people… ”Walking well” flood hospitals… Clinics double their traffic in major cities … ER rooms turn away EMT cases. — CNN

Update May 4: Confirmed cases of H1N1 virus now at 985 in 20 countries (Mexico: 590, 25 deaths) — WHO. In U.S.: 245 confirmed U.S. cases in 35 states. — CDC.

“We might be entering an Age of Pandemics… a broad array of dangerous emerging 21st-century diseases, man-made or natural, brand-new or old, newly resistant to our current vaccines and antiviral drugs…. Martin Rees bet $1,000 that bioterror or bioerror would unleash a catastrophic event claiming one million lives in the next two decades…. Why? Less forest, more contact with animals… more meat eating (Africans last year consumed nearly 700 million wild animals… numbers of chickens raised for food in China have increased 1,000-fold over the past few decades)… farmers cut down jungle, creating deforested areas that once served as barriers to the zoonotic viruses…” — Larry Brilliant, Wall Street Journal