Market of Ideas

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What has economics got to do with culture?

We have a working title 'What has economics got to do with culture?' though Isobel rightly points out that Niccolo's question was more like 'What is cultural about economics?'. The question may be for answering on the day. It may simply be a matter of cultural possibilities. Read our cultural interpretation of Bruno Latour's Traceability.

Markets are good at convening and distributing resources. Based on the model of the ancient bazaar, Critical Practice will convene a Market of Ideas in which 'stalls' staffed by artists, anthropologists, economists and others exchange their knowledge with the milling crowd.

A wish list of particpants and draft letter of invitation

• Person from nef's 'Centre for Global Interdependence' that has ideas about food waste - MA has contacted / will chase

• Evan Davis (BBC Economics Editor)

• Stephanie Flanders (Newsnight's Economics Editor)

• Tim Jackson - Professor of Sustainability, University of Surrey

• Ask our economists contacts on Monday 11th for suggestions

• an Actor Network Theorist (on the connection between economics and cultural producer)

• Someone from LETS

• Someone from the Treasury!

• A Green Party representative

• Someone from a Time Bank scheme

Areas of Interest

  • Basic Income - 'A basic income promises to provide the life-long economic security that helps safeguard other democratic rights. Normative reasons supporting the fundamental right to a basic income include: Increased Citizen Autonomy, Gender Equality, Political Inclusion, Social Stability & Cohesion, Economic Efficiency, Preventing Poverty' - [1],, Basic Income Earth Network,
  • Well-being/Happiness - 'Top tips for happiness' perhaps. In response to the thesis that economics is measuring the wrong thing - beyond abject poverty wealth does not make people happier - so what is our economy for? Related to several NEF projects: Are You Happy?, Well-being Manifesto for a Flourishing Society, European Happy Planet Index and the work of Richard Layard: Well-being programme.
  • 0% Growth
  • Behavioural Economics/Rationality - see Tim Harford

Some useful texts

Ideology and Economic Development by Michael A. Lebowitz -

The CP session

This section is to try and clarify what our sense of the market is and how it might work? This will help us to engage our economists and approach any 'experts'.

What day is it on: Sunday
What time: sometime between 1 and 4pm
What is the format of the CP session: ?
Will we have an introduction?
Will we have a discussion - in what form?

What is our role?
After a crash course in economics (over dinner) members of the working group are ruminating on potential stalls for the market.

How do experts participate in the market?

In the abstract we say the crowd is milling - what kind of exchange will this allow for?
Will the market benefit from a 'surgery' format similar to musical chairs - each concession has a 15 minute time slot. The crowd will be forced to choose which to visit.

What do we see as our responsibility to the crowd?
Are we in danger of leaving people hanging - so 'what do I do with this knowledge?'

What constitutes a 'stall' - the nature of the stalls/concessions?
Can each offering be devised in such a way to become a resource i.e. experienced remotely. This means the market is freeer - there is limited exclusion from the Ideas e.g those manning the stalls, negative choices, absentees. Also, provided material is available in advance, 'experts' involved in the stalls would have knowledge of the other arguments for discussion.

Will CP offer a flat-fee to develop resource-oriented ideas for the market? Previously the amount has been determined by the needs of the contributor.

What about costs e.g. travel?
Niccolo says they have some funds left to pay people to come

Niccolo says there will be a publication and documentation but perhaps we can consider our own needs (for institutional output and 'open source' resources e.g. publication).

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