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Thursday, December 18, 2014

How Should Superfiduciaries Map the Economy When Making Decisions About Which Project of the Future They Are Going to Help to Make Happen?

The US Government maintains a Standard Industrial Classification ("SIC") coding system that identifies thousands of activities that make up our economy.

That is too many.

Superfiduciaries need a more compact vision of the economy to guide them in riding the ebb and flow of change, and evolutionary adaptation to change.

When we view the economy through the lens of SIC codes, that data is difficult to fit into context.

But there is wisdom in the worlds of Pogo. Altering his words to fit our inquiry, "We have met the economy, and it is us."

There is here perhaps a Great Work for anthropologists, sociologists and economists: to come up with a theory of man and the economy that can support a theory of change that can guide superfiduciaries when considering which projects of the future they want to help to make happen, for good fiduciary performance, and to build a good world.

It is possible that each superfiduciary will articulate its own theory, unique to the chartered purposes of its own governing charter of trust.  Perhaps this is what Investments Beliefs should really be about.

To stimulate some thinking on this, I offer this Theory of Economic Man: the Economy is a system for the concentration of effort and exchange of artifacts that offers people choices on:

  • knowledge, information and communication
  • energy, mobility and logistics
  • architecture and urban planning
  • food, farming and nutrition
  • health, fitness and appearance
  • learning, earning, saving, spending and investment
  • air, water and the environment
  • arts and culture
  • civil safety and social equity
Your thoughts?

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