Samuel Bowles introduces Kudunomics – Liveblogging

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Ethan Zuckerman liveblogged Sam Bowles talk at the Berkman Center:

The big idea behind Bowles’s recent research is that some of the fundamental laws of economics – notably Adam Smith’s invisible hand, may not work in the “weightless economy – the economy that can’t be weighed, fenced, or conveniently contracted for.” Rather than being based on material wealth, knowledge-based economies are based on embodied and relational wealth. In these economies, individual-posession based property rights are difficult to enforce, and socially harmful to enforce.

via …My heart’s in Accra » Samuel Bowles introduces Kudunomics.

As did David Weinberger:

Kudu = An antelope of some sort hunted in Tanzania for its massive caloric value. When one is killed, it’s widely shared (perhaps 2/3 outside of the nuclear family). The culture of the foraging band: generosity, modesty about one’s success, sharing. Christopher Boehm (1982) wrote that group sanction is “the most powerful instrument for regulation of individually assertive behaviors.” But mobile foraging bands “and its collectivist and egalitarian norms and properties was eventually displaced by agricultural production.” The critical fact is that that increased land productivity so that a small plot of band was productive enough to live on, which provided an incentive for putting up fences and defending it. These prop rights were not enforced by states but by some form of mutual consent.

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