Academic Response

On Friday, November 25, 2011, the letter below was submitted to the online academic community made up mostly of economists known as econ4.org. The purpose was to have the merits of cooperativism challenged. As of Sunday, December 18, 2011, neither econg4.org or any of the individuals listed on the letter has openly responded to the challenge:

Subject: Occupy movement: adoption of a whole new economic philosophy

To the members of www.econ4.org:

My name is Max Funk. I’ve been occupying in Los Angeles since October 2nd (55 days) and teaching economics nearly everyday at our site’s university tent (I’m a UC Berkeley business grad).

I wish to submit a proposal to econ4.org to adopt a new economic philosophy that maintains the following definition: “Participants in an economy must have equal access to the same information.” I call this “Cooperativism” because players in a game should at least cooperate with one another in accessing the same information. The information which should remain the “same” for everyone comes from drawing upon a purely mathematical accounting of the economic activity occurring within a system (game). Ensuring the enforcement of a cooperative strategy, strictly where accessing information is concerned, simultaneously protects the game and the individual players from sub-optimal outcomes. Outcomes that rest upon allocating resources to those with more access to information than others suffer from losing the momentum-adding growth created if the resources had been allocated to those who exert the labor necessary to discover new ways of physically reducing the cost of producing additional goods and services.

Basically, using the ignorance of others as a strategy must no longer be allowed to be more profitable than conceiving unprecedented physical results that witness a technology shift. Our growing consumerism is being undermined by a stifled and ineffectual producerism being that capital is not being allocated to where it’s deserved in a modern economy. Information asymmetry and the exploitation that results in both government and finance can no longer be sanctioned by the academic community.

Inaugurating a new purely math-based economic philosophy is paramount at this point in history because many people still falsely believe that the language of economics is anything other than math. If the definition of economics was “the study of scarce resources and how they (should be) allocated”, then we might be able to say that communism, socialism, and capitalism are included in the subject. As we know, however, this definition is not true. Economics is “the study of scarce resources and how they *are* allocated.” Hence, as a scientist who only wishes to take proper measure and observe, I simply want to know a) the quantity or magnitude being referenced by the unit of measurement under observation, b) the physical distance it travels, and c) how much of something else travels in the opposite direction. Once this information is observed by the economy, let it then decide for itself how to move forward (we’re adults, we can handle it).

Again, please accept this submission as a formal proposal to have econ4.org adopt a whole new math-based economic philosophy that serves to fill in the gaps of a system now populated by a generation that defines itself almost entirely by information. Since information is the only known resource known not to be governed by scarcity, its access (a form of property) must necessarily be established as a human right. An endorsement from the academic community will give the other occupations the strength to follow.

Research/sources:
www.protecttheeconomy.org
www.equilcurrency.com

Max Funk
“Occupy the truth… forget the park.”

Media:
CC: Sam Slovick, Journalist
CC: John Chu, Journalist
CC: Kim Baldonado, Journalist
CC: Norma Rubia, Journalist
CC: Brittney Gallagher, Journalist
CC: Brandon S. Barney, Journalist

Academic:
CC: Gerald Epstein of University of Massachusetts Amherst
CC: James K. Boyce of University of Massachusetts Amherst
CC: Taro Abe of Nagoya Gakuin University
CC: Bengi Akbulut of University of Manchester
CC: Randy Albelda of University of Massachusetts Boston
CC: Gar Alperovitz of University of Maryland
CC: Nurul Aman of University of Massachusetts Boston
CC: Miguel Arce of Universidad del Valle
CC: Michael Ash of University of Massachusetts Amherst
CC: Enid Arvidson of University of Texas at Arlington
CC: Dean Baker of Center for Economic and Policy Research
CC: Samuel L. Baker of Purdue University
CC: Scott Baker of Public Banking Institute
CC: Erdogan Bakir of Bucknell University
CC: Benjamin Balak of Rollins College
CC: Radhika Balakrishnan of Rutgers University
CC: Fabian Balardini of Borough of Manhattan Community College
CC: Ahmet Baytas of Montclair State University
CC: Nina Banks of Bucknell University
CC: Deepankar Basu of University of Massachusetts Amherst
CC: Michael Beggs of University of Sydney
CC: Ravi Bhandari of St. Mary’s College
CC: Peter C. Bloch of University of Wisconsin-Madison
CC: Roger Evan Bove of West Chester University
CC: Elissa Braunstein of Colorado State University
CC: Ted Burczak of Denison University
CC: Isabela Prado Callegari of São Paulo School of Economics
CC: Al Campbell of University of Utah
CC: Martha Campbell of Potsdam College (SUNY)
CC: Scott Carter of University of Tulsa
CC: Hugo E. A. da Gama Cerqueira of Universidade Federal de Minas Gerais
CC: Robert Chernomas of University of Manitoba
CC: Jens Christiansen of Mount Holyoke College
CC: Jennifer Cohen of University of Massachusetts Amherst
CC: Steve Cohn of Knox College
CC: Paul Cooney of Universidade Federal do Pará
CC: Lilia Costabile of University of Naples
CC: James Crotty of University of Massachusetts Amherst
CC: Omar S. Dahi of Hampshire College
CC: Erik Dean of University of Missouri Kansas City
CC: Carmen Diana Deere of University of Florida
CC: Joao Paulo de Souza of UMASS-Amherst
CC: George DeMartino of University of Denver
CC: Hans Despain of Nichols College
CC: Geert Dhondt of City University of New York
CC: David Donald of Glasgow Caledonian University
CC: Lynn Duggan of Indiana University Bloomington
CC: Gary Dymski of University of California Riverside
CC: David Ellerman of University of California at Riverside
CC: Bilge Erten of United Nations, DESA
CC: Kade Finnoff of University of Massachusetts Boston
CC: Nancy Folbre of University of Massachusetts Amherst
CC: Gerald Friedman of University of Massachusetts Amherst
CC: James K. Galbraith of University of Texas Austin
CC: David George of La Salle University
CC: Armagan Gezici of Keene State College
CC: Don Goldstein of Allegheny College
CC: Jonathan P. Goldstein of Bowdoin College
CC: Mitch Green of University of Missouri Kansas City
CC: Robin Hahnel of American University
CC: Jay P. Hamilton of City University of New York
CC: Martin Hart-Landsberg of Lewis and Clark College
CC: James Heintz of University of Massachusetts Amherst
CC: Arturo Hermann of ISTAT
CC: Michael G. Hillard of University of Southern Maine
CC: Joan Hoffman of City University of New York
CC: Sue Holmberg of University of Massachusetts Amherst
CC: Kiaran Honderich of Williams College
CC: Barbara Hopkins of Wright State University
CC: Julio Huato of St. Francis College
CC: Alan Hutton of Glasgow Caledonian University
CC: Ryan Isakson of University of Toronto
CC: Frederic B. Jennings Jr. of the Center for Ecological Economics and Ethical Education
CC: Tae-Hee Jo of Buffalo State College
CC: Mehmet Rauf Kesici of Kocaeli University
CC: Mary C. King of Portland State University
CC: Mark Klinedinst of University of Southern Mississippi
CC: Katharine Kontak of Bowling Green State University
CC: Gonca Konyali of Dokuz Eylul University
CC: David Kotz of University of Massachusetts Amherst
CC: Philip Kozel of Rollins College
CC: David Laibman of City University of New York
CC: Eric Larsen of the Public Policy Institute of California
CC: Frederic Lee of University of Missouri Kansas City
CC: Fernando Leiva of University at Albany (SUNY)
CC: Fiona Maclachlan of Manhattan College
CC: Stephen A Marglin of Harvard University
CC: Julie Matthaei of Wellesley College
CC: Elaine McCrate of University of Vermont
CC: Andrew Mearman of University of the West of England, Bristol
CC: Peter B. Meyer of University of Louisville
CC: Gary Mongiovi of St. John’s University
CC: Albert Mosley of Smith College
CC: Catherine P. Mulder of City University of New York
CC: Marta Murray-Close of University of Massachusetts Amherst
CC: Ellen Mutari of The Richard Stockton College of New Jersey
CC: Sirisha Naidu of Wright State University
CC: Julie A. Nelson of University of Massachusetts Boston
CC: Eric Nilsson of California State University San Bernardino
CC: Richard B. Norgaard of University of California Berkeley
CC: Erik Olsen of University of Missouri Kansas City
CC: Cem Oyvat of University of Massachusetts Amherst
CC: Thomas Palley of New America Foundation
CC: Eva Paus of Mount Holyoke College
CC: Arslan Razmi of University of Massachusetts Amherst
CC: Stephen Resnick of University of Massachusetts Amherst
CC: Meenakshi Rishi of Seattle University
CC: Charles P. Rock of Rollins College
CC: Héctor Sáez of University of Massachusetts Amherst
CC: Daniel E. Saros of Valparaiso University
CC: Helen Scharber of Hampshire College
CC: Ceren Soylu of University of Massachusetts Amherst
CC: Peter Spiegler of University of Massachusetts Boston
CC: Liz Stanton of Tufts University
CC: Martha A. Starr of American University
CC: Tamara Stenn of Keene State College
CC: John Stifler of University of Massachusetts Amherst
CC: Engelbert Stockhammer of Kingston University
CC: Sarah Surak of Virginia Tech
CC: Linwood Tauheed of University of Missouri Kansas City
CC: Kenna Taylor of Rollins College
CC: Pavlina R. Tcherneva of Franklin and Marshall College
CC: Hasan Tekgüç of Mardin Artuklu University
CC: Jim Tober of Marlboro College
CC: Zdravka Todorova of Wright State University
CC: Junji Tokunaga of University of Massachusetts Amherst
CC: Mariano Torras of Adelphi University
CC: Andrew Trigg of Open University
CC: A. Dale Tussing of Syracuse University
CC: Eric Tymoigne of Lewis and Clark College
CC: Hendrik Van den Berg of University of Nebraska, Lincoln
CC: Roberto Veneziani of Queen Mary University of London
CC: Mwangi wa Gĩthĩnji of University of Massachusetts Amherst
CC: Thomas E. Weisskopf of University of Michigan
CC: Julian Wells of Kingston University
CC: Anastasia C. Wilson of University of Massachusetts Amherst
CC: Marty Wolfson of University of Notre Dame
CC: L. Randall Wray of University of Missouri Kansas City
CC: Jeffrey Zink of Morningside College