Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Digital Spreadsheets – The Time-Space Power of Accounting, Part 1

The digital spreadsheet was designed as an electronic document in which data was arranged in the rows and columns of a matrix and could be manipulated and used in calculations. It combined listing, tabling, and other formulaic calculations to create a new imaginative technology that transformed modern finance and the management of organizations. While the spreadsheet handles various types of information, accounting information is some of the most effective and its power is accelerated by an organization’s information technology.

Origins of Currency Futures and other Digital Derivatives

Thus, it was fitting that Chicago emerged as the Risk Management Capital of the World—particularly since the 1972 introduction of financial futures at the International Monetary Market, the IMM, of the CME. – Leo Melamed to the Council of Foreign Relations, June 2004 International currency exchange rates began to float in the post-Bretton Woods environment […]

Lotus Spreadsheets – Part 3 – Identifying the Components of a Transformative Tool

I begin a formal analysis of the spreadsheet by identifying some of its component parts, a type of Cartesian reductionism, but with the intent of showing also how they all work together to create a powerful organizational and productivity tool. Spreadsheets combine a number of technologically enhanced cognition features to create, manipulate and visualize diagrammatic rationalities. In other words, spreadsheets not only appraise aspects of reality, but are constitutive technologies that can shape perceptions and empower control over the lived experiences of people and the resources that support them.

Lotus Spreadsheets – The Killer App of the Reagan Revolution – Part 1

The major feature of the “Reagan Revolution,” according to Peter Gowan’s Global Gamble, was to “put money-capital in the policy saddle for the first time in decades.”[1] From the time of his presidential inauguration in early 1981 and throughout his eight-year tenure, Reagan’s administration sought to propel the financial sector through widespread policy changes designed […]

Reviewing Castells’ Global Automaton

In my long-term quest to find some answers as to what constitutes the techno-informational framework of the global financial system, I ran across Manuel Castells’ description of the “Automaton” a number of years ago. He wrote a chapter called “Information Technology and Global Capitalism” in Global Capitalism (2000) where he made some linkages between the […]

Bitcoins and the Properties of Money

“Money is a matter of functions four, a medium, a measure, a standard, a store.” – Lyrical couplet used to memorize the roles of money. Bitcoin emerged during the Great Recession to challenge the notion of official money and particularly its political and symbolic connection to a national system. While the US and much of […]

The Fedwire Network and Open Market Operations of the Federal Reserve

I’ve been studying financial technology since I did my masters degree on global money and telecommunications networks. One of the most intriguing examples is the US Federal Reserve’s Fedwire network. Probably the most secure data network in the world, it has been designed to provide a wide range of services for financial institutions such as […]

Electric Money Never Sleeps

Money used to sleep a lot. It would nap while waiting for a telex message to go out. It would doze off while waiting for a telephone connection. It would slumber on railroad routes. It would hibernate on transoceanic crossings. By the mid-20th century, money developed insomnia. Computers and telecommunications were being used together to […]

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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.

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    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.