Anthony J. Pennings, PhD

WRITINGS ON DIGITAL ECONOMICS, ENERGY STRATEGIES, AND GLOBAL COMMUNICATIONS

The Smith Effect II: “State-istics,” Calculating Practices, and the Rise of IT

This is the second in a three part exploration of Adam Smith and how his ideas laid the foundation for information technology (IT). Drawing on Michael J. Shapiro‘s Reading “Adam Smith” (2002), I argue that this reconceptualization contributed to 1) an understanding of “market forces” and the importance of labor; and 2) the development of the a wide field of measurements that transformed “political arithmetik” into “state-istics”, the science of numbers in service of governing the nation-state. In particular, the philosophical and empirical work on developing the census, its rationale, and its techniques, led directly to the creation of information machines and computers.

The Smith Effect I: Markets, Governments, and the Rise of Information Technologies

The “Smith Effect” resulted in new ways to analyze the social field and the overlap between economic, social and political spheres. Smith was an important critical theorist in his rejection of mercantile thought and his writings were a forerunner of modern political economy. Two major bodies of economic analysis would emerge from Smith’s writings. One was the classical liberal tradition that combined Smith’s anti-mercantile stance with an increasing emphasis on empirical and quantitative calculation. The other body of analysis was the Marxist tradition that drew its investigation from Smith’s concern for the worker and the processes of valuing commodity forms and accumulating capital.

Is Cyberpunk Making a Comeback?

Admittedly that sounds quite weak given the “virtual” reality of recent games like Halo or Call of Duty: Modern Warfare 2 not to Second Life or or the military simulations used these days, but it helped sparked imaginations at the time and changed the culture of telecommunications from one dominated by telephone company engineers and Washington DC lawyers to the promise of the web and creative imaginations tech-savvy multimedia designers and entrepreneurs of the 1990s and the zeroes.

Money and Motivation in Star Trek

A perennial SF question of mine was asked in the movie Star Trek: First Contact (1996), when the starship Enterprise E of Star Trek: Next Generation fame goes back into time to Earth, circa 2063, about a decade after World War III ends. They are following a Borg ship that is attacking early Earth to […]

How IT Came to Rule the World, 2.4: Global Money and Spreadsheet Capitalism

Spreadsheet technology was foundational for digital monetarism because it provided a calculative tool that became universally available and provided immediate feedback via the accessibility of the personal computer.

Back from Hawaii and the EWC Conference

I mention this because I think there is an interesting economic linkage between grandmother-mother-President that bares some scrutiny. I have no idea if they had contentious or controversial discussions. But I do wonder if the President’s mother’s emphasis on entrepreneurship had been influenced by her own mother’s experience as a banker.

How IT Came to Rule the World, 2.2: Eurodollars, Petrodollars

How did this world of global digital monetarism emerge? How did fluid capital transcend the containment policies and boundaries erected in the period up to 1970s to develop in the 1980s and beyond into a global financial environment where computerized algorithmic trading have created complex high transactional volume markets for an array of currency derivatives, stock index futures, CDOs and other computer based financial instruments?

Figuring Criminality in Oliver Stone’s Wall Street

Perhaps no other film captured the economic changes taking place in the 1980s as did Oliver Stone’s (1987) Wall Street. Much of the financial world started to change dramatically as deregulation and technical innovation created new dangers and new opportunities for both the abuse and the creation of wealth. This post looks at how that […]

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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.