The Cycle of Value The Cycle of Value -- A Conservationist Approach to Economics

A representation of economic activity in the form of a law of conservation of value is presented based on the definition of value as potential to act in an environment. This allows the encapsulation of the term as a conserved quantity throughout transactions. Marginal value and speed of marginal value are defined as derivatives of value and marginal value, respectively. Traditional economic statements are represented here as cycles of value where value is conserved. Producer-consumer dyads, shortage and surplus, as well as the role of the value in representing the market and the economy are explored. The role of the government in the economy is also explained through the cycles of value the government is involved in. Traditional economic statements and assumptions produce existing hypotheses as outcomes of the law of conservation of value

The collapse of cooperation: The endogeneity of institutional break-up and its asymmetry with emergence

Decline and break-up of institutionalized cooperation, at all levels, has occurred frequently. Some of its concomitants, such as international migration, have become topical in the globalized world. Aspects of the phenomenon have also become known as failing states. However, the focus in most social sciences has been on institutional emergence and persistence, not collapse. We develop an endogenous explanation of collapsing institutions. Collapse may be an implication of the very economic success of institutionalized cooperation and of increasing system complexity, when cognitive conditions for effective collective decision-making do not proportionately evolve. Moreover, we show that collapse is not a simple logical reverse of emergence. Rather, institutions break up at different factor constellations than the ones prevailing at emergence. We approach endogenous institutional break-up and its asymmetry from various paradigmatic and disciplinary perspectives, employing psychology, anthropology, network analysis, and institutional economics. These perspectives cover individuals, groups, interaction-arenas, populations, and social networks

Coordinators Bridge Residents And Artists In Regional Japan: A Case Study Of The Art Project Hanarart

In the age of globalisation, the transiency of individuals has been increasing. Consequently, some regional communities face the risk of collapse and disappearance. Particularly in Japan, centralisation in and around global cities such as Tokyo has accelerated the decline of regional communities. Given this current clime, residents of regional areas would beneft from building ties with outsiders in order to keep their communities strong. Certain individuals could take on the role of coordinator, who can work to bridge the gap between the residents and outsiders. The role of the coordinator, however, is not yet clear. This study introduces a case study of the art project Hanarart ( はならぁと) which involves residents and outside artists in regional areas of Nara, Japan. Part of the art project intends to renovate and reuse the machiya buildings in Japanese traditional style, with the help of site-specifc contemporary art that will ft well with the machiya style. In the art project, outside artists prepare their artworks in the abandoned buildings, which are managed by the residents. During the frst stage of the project, residents and artists did not communicate well due to either their indifference or ignorance toward each other's interests. In the next stage, however, assigned coordinators promoted communication between the residents and artists for the sake of contemporary art. Through the process of trial and error, the project resulted in contributing to the community in a number of ways