TopPage>1 WHAT IS CYBER-ECONOMICS?
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THE GLOBAL VILLAGE: The world is increasingly being thought of as a village, a condition arising from the shrinking of distances by instantaneous worldwide electronic communications. [The term "global village" was coined by Marshall McLuhan, the Canadian writer and communications specialist]. Source: World Book |
This homepage entitled "Cyber-Economics" primarily aims to propose fundamental frameworks for a new system of economics. This proposal is based on the results of selectively combining knowledges of physics with biology, but not on the basis of the historical approach being applied in conventional economics. This homepage was opened to the public with the expectation of receiving comments from navigators/readers concerning the reasonableness of the proposal presented here. If we use a computer analogy to compare cyber-economics with current economics, cyber-economics corresponds to an extended operating system and current economics corresponds to application software.
An overall picture of cyber-economics
is presented by Figure2 "A Panoramic View of Cyber-Economics". This
Homepage corresponds to the yellow-colored portions which manifest how the
Metabolism Model was built up from the Food-Chain
Process and the Principle of Heat Conversion.
The homepage also presents some meaningful outcomes
from the proposed metabolism model.
The metabolism model, extracted from the global ecological system, refers
to the frameworks of the economic system. This model is intended to extend
the scope of the current economic system from a two-sector closed system
to a three-sector open system. The two-sector system consists of a production
subsystem and a consumption subsystem, while the three-sector adds a decomposition
subsystem to the current two-sector system.
The metabolism model also proposes to account for overall phenomena, including economic phenomena, in terms of the working of physical elements such as matter (material), energy, information, and entropy. Cyber-economics consequently supports conventional economics, on the one hand providing a theoretical basis therefor, while requesting an extension of the economic domain up to the cosmic space to culture. [See Figure 5] Coordination between these two systems of economics will be indispensable for developing future economic systems that will enable people to overcome current economic issues, as represented, for example, by the environmental problem.
It is also noteworthy that the metabolism model is followed by four supporting models-an exchange model, a conversion model, a capital model, and a generalized form of economic processes-which lead to the integration of the macro-cosmos and the micro-cosmos in the context of economic thought.
It is truly regrettable that, due to several constraints, the scope of this homepage is limited to the core portions of cyber-economics. The next version of this homepage is scheduled to be released after it is translated into English from the Japanese edition that is concurrently open in this homepage.
Constructive comments from web surfers are always welcomed and are highly appreciated. The next version of this homepage will include a workshop/forum through that comment contributors can exchange views.
