The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)
Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.
Russia and the Era of Pan-Capitalism
This post briefly discusses the breakup of the USSR and the globalization of digital capitalism.
Factors Supporting Early Computerization and Data Communications
Several factors contributed to the development of computers and data networking in the early post-World War II era. This post looks at major influences that created the modern realm of computerization and networking of data and information that has transformed the world. During the war, the first computers were created to calculate tables for artillery […]
From Gold to G-20: Flexible Currency Rates and Global Power
When British author Ian Fleming published the James Bond spy novel, Goldfinger in 1959, the world was locking into a new framework for managing global trade and foreign exchange transactions. The New Deal’s Bretton Woods agreements tied participating currencies into a fixed exchange rate with the US dollar that itself was tied to $35 for […]
THE EXPERIMENT, Part I: NEW ZEALAND AS THE WORLD MODEL FOR DIGITAL MONETARISM
Starting “Down Under” One of the first “guinea pigs” for the new system of digital monetarism was New Zealand. A one time a leader in the development of the “welfare state,” the small two-island nation-state in the deep Pacific Ocean had run into economic problems by the early 1980s. It had borrowed heavily during the […]
Not Like 1984: GUI and the Apple Mac
In January of 1984, during the Super Bowl, America’s most popular sporting event, Apple announced the release of the Macintosh computer. It was with a commercial that was shown only once, causing a stir, and gaining millions of dollars in free publicity afterward. The TV ad was produced by Ridley Scott whose credits at the […]
Xanadu to World Wide Web
Tim Berners-Lee, a British citizen and a software consultant at CERN, or Centre European pour la Recherche Nucleaire developed what came to be known as the World Wide Web (WWW). Located in Switzerland, CERN was Europe’s largest nuclear research institute, although the name was changed to European Laboratory for Particle Physics to avoid the stigma […]
Cisco Systems: From Campus to the World’s Most Valuable Company, Part One: Stanford University
Cisco Systems emerged from employees and students at Stanford University in the early 1980s to become the major supplier of the Internet’s enigmatic plumbing. In the process, it’s stock value increased dramatically and it became the largest company in the world by market capitalization. Cisco originally produced homemade multi-platform routers to connect campus computers through […]
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About Me
Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.
You can reach me at:
apennings70@gmail.com
anthony.pennings@sunykorea.ac.kr
About me
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