It's a Mad, Bad, Wonderful World: A Celebration of Commercial Diversity

1. Mercers’ School Memorial Professor of CommerceMichael Mainelli It’s A Mad, Bad, Wonderful World A Celebration Of Commercial Diversity

2. Outline • Sahel’s Silent Trade • Information theory • Time & space • CHFiction • Virtual economics • Fei-ville • Commercial diversity “Get a detailed grip on the big picture.”Chao Kli Ning

3. Sahel’s Silent Trade [Source: http://www-personal.umich.edu/~cgober/africatrademap.jpg]

4. Shannon (on the right) [Source: http://en.wikipedia.org/wiki/Image:Claude_Elwood_Shannon_(1916-2001).jpg]

5. The Ultimate Machine [Source: http://www.kugelbahn.ch/sesam_e.htm]

6. Shannon’s DiagramA General Communication System Happy $%^&*£+#! Happy Birthday! [Source: SHANNON, C E, "A Mathematical Theory of Communication", The Bell System Technical Journal, 1948]

7. Many Levels [Source: http://www.shkaminski.com/Classes/Handouts/Communication%20Models.htm]

8. Information = Surprise!

9. Schramm’s Model Message Encoder Interpreter A Decoder Decoder Interpreter B Encoder Feedback Feedback Message [Source, Schramm, 1954]

10. Time Or Space?

11. Time & Space [Source: http://rg.ancients.info/lion/article.html]

12. Mermnadae Model Message Encoder Interpreter A Decoder Decoder Interpreter B Encoder Feedback Feedback Message

13. An Aldern-ate Model Message Encoder Interpreter A Decoder Decoder Interpreter B Encoder Feedback Feedback Message

14. CHFictions [Source: http://www.swissmint.ch/]

15. Waning Lira-cal Born: 1808 Ad-mini-stirring… RIP: 1959 [Source: http://digilander.libero.it/maggioref/Storia%20liraEng.html]

16. Ne Win and 90 Kyat

17. Haggling

18. Seeing The Milk For The Pulp [Source: http://greenbottle.com/]

19. Virtually Economic [http://electronics.howstuffworks.com/avatar-machine.htm]

20. Auction Classes High Value Discrete Items e.g., Artworks Linked Items e.g., FCC telecommunication licenses Multiple Rounds Quick, Single Items e.g., Books High Traffic Items e.g., Collectibles Single Open Closed Sequential Simultaneous Order

21. Home Sweet Stone [Source: http://www.pacificworlds.com/palau/native/native5.cfm]

22. Tough As A Stone [Source: http://www.explorers.co.uk/new_images/maps/micronesia_map.gif] [Source: http://www.pacificworlds.com/palau/native/native5.cfm]

23. Unmissfakeable [Source: http://en.wikipedia.org/wiki/Image:Yap_home.jpg]

24. Taxing Work [Source: http://www.pacificworlds.com/palau/native/native5.cfm]

25. Modern Finance

26. Commercial Diversity Swiss buses Haggling Message 90 Kyat Avatar auctions Italian taxes Milk bottles Encoder Interpreter A Decoder Decoder Interpreter B Encoder Feedback Feedback Gold Message Silent Trade Russian purchasing Fei stones BT Alderney conveyancing

27. Discussion • Your commercial stories. • Are there “laws of commerce”?

28. It’s A Mad, Bad, Wonderful WorldA Celebration Of Commercial Diversity Thank you! “Get a big picture grip on the details.”Chao Kli Ning