Jim Boswell Blog | Killing Some More Time | TalkMarkets
Executive Director, Quanta Analytics
Contributor's Links: Globanomics
Author of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, ...more

Killing Some More Time

Date: Thursday, October 22, 2020 6:11 AM EDT

I want to set the record straight that I still have one thing "out there" that has not been acted upon and relates to the election.  A couple of days ago, i offered the Wall Street Journal the article that Talkmarkets would not publish--i have yet to hear anything back.  Probably, because no one read it.  Regardless, the Wall Street Journal should come out an endorse Joe Biden.  Trump and the Economy is a f------ joke.  Yes, getting rid of all the government controls, helped the economy, but what it doesn't tell you is that a lot of what he did was bad for the long term economy.

Anyway,  i wanted to get that off my chest.

Today, i thought i would expand upon the origins of Globanomics  and how it came about.  Let's do it this way.  i will show an aspect and it origin, then later i will talk about each in turn.  So hear goes:

1.  Pareto Optimums (Indiana University, School of Public and Environmental Affairs (SPEA))

2.  Hierarchy of Needs for evaluating (Wharton)

3.  Economics (mostly micro)--(Hanover College and Wharton)

4.  Multiple variable for evaluating--U.S. Navy )specifically, US nuclear submarine force)

5.  Love is the Highest Knowledge--Vivekananda

6.  Ethic of Reciprocity (internet)

7.  Do No Harm (my own personal Eastern studies)

What follows is an explanation for each.

Pareto Optimums (SPEA)--i took this "public economics" course at SPEA taught by one of the professors from Indiana's Business School.  It was from that professor i learned about Pareto Optimums.  Even in those days i must have had a good sense of Pareto because in my classroom discussions and tests, etc. I was given an A+.  Noteable on one account is the fact that i had never in all of my education received an A+.  The professor actually wanted me to consider switching over to the Business School--he said he could get me in.  I thought about it, but it meant adding on another year of education, and I just wanted to get going again.

Hierarchy of Needs (Wharton)--Believe it or not Wharton is where i really learned about Maslow and His Hierarchy of Needs.  As a free choice class, i chose to take a class called something like Business Ethics.  The first day of the class you soon learned that this was going to be unlike any other class that i had taken.  We read all kinds of good shit for that class, including Maslow.  I must admit many of the offerings, i mostly skimmed, but i think i did read all of Maslow, and came to a greater understanding of his theory.

Economics (Hanover, Wharton)--the perfect competition and monopolistic education is pure micro economics, which i actually did enjoy and came to respect on a high degree.  I had good professors at both Hanover and Wharton for my micro.  The presention was probably different, but i do remember leaving class with a high respect for my professors.  I do have to admit, however, that i was a better student at Wharton than i was at Hanover.

Multiple variables in Evaluation Scheme--This is pure U.S. Navy and its nuclear submarine force, and especially true for those in the "nuclear" departments.  You have to understand that nuclear submarines are designed the best they can for safety.  Yet, problems can happen.  In the engineering spaces, when you hear that a critical part has failed, you know that you should also start seeing problems in other critical parts of the boat.  Safety systems were put into place to avoid problems.  One example, we had three different meters that measured the neutron flux in the reactor compartment.  They were set to trip if the nuclear flux ever shot sky high, tripping the nuclear control rods, to shut down the reactor.  The actual tripping of the nuclear control rods required "two" of the three to show the problem.  This was the design because with only one meter, it could shut you down on just a failure within the meter itself, which we could fix if the other two meters were showing fine.  I could go on and on about the things i learned in the nuclear navy, but that will have to wait for another day.

Love is the Highest Knowledge--i came across this phrase while reading about Vivekananda.  It's he that coined that phrase.  I liked Vivekananda and came to think of him as a very wise man.  It was Vive who said that it was good to think upon Jesus, because Jesus was Extreme Love, and the more you think about him the more you think about Love.  On an aside, i will also point out that most people say there are only two paths towards enlightenment and these two paths are either thru: (1) Love; or thru (2) Knowledge.

Ethic of Reciprocity--i knew that i wanted the Golden Rule, but i also knew that the Golden Rule that i knew came from the Bible, and may not be universally accepted.  That is when i discovered the Ethic of Reciprocity and discovered the Gold Rule was universal it was just explained in several different ways.  So the Ethic of Reciprocity, rather than the Golden Rule, fit my globanomic theory better.

Do No Harm--This statement of concept i think i learned while on my own personal Eastern religion studies.  It makes sense and in a way is consistent with the Pareto Optimum, which we started this dialogue from.

I know there are other factors that came into play in developing Globanomics, but from the above i think you might see better how Globanomics came about.  It's really rather perplexing to me when i think about it.  

Some day i would like to speak to someone who would like to endorse Globonomics sometime in the future.  I hate to be writing solely for myself.--that makes you think you might be going crazy.

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Comments

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Adam Reynolds 3 years ago Member's comment

Why not publish the article here? I'd like to see it.

Jim Boswell 3 years ago Author's comment

It is on my blog: Lesson Number Two in Globanomics. Talklmarkets would not publish it under their name so that is when i talked about what i could do with my own personal Talkmarkets blog--and that is what i am doing now.

I sent John McCormick, of the Wall Street Journal, The Second Lesson in Globanomics, and asked him to consider me for a guest contributer, opinion page, with Lesson Number Two in Globanomics.

I have a couple of other Wall Street contacts, but i thought i would give John McCormick, the one and only shot. I have no intention to try and publish it through any other source now or than my blog and potentially the Wall Street Journal.

Kate Monroe 3 years ago Member's comment

Now, I'm curious? What article would no one publish?