Anthony J. Pennings, PhD

WRITINGS ON AI POLICY, DIGITAL ECONOMICS, ENERGY STRATEGIES, AND GLOBAL E-COMMERCE

Situating Gold in the Substitution-Computational-Telecom Stack of Global Finance

This post explains that in the modern financial system, gold no longer functions as a currency but as a powerful symbolic asset within the dollar-anchored framework of “spreadsheet capitalism.” Its physical form is replaced by the digital symbol XAUUSD, which represents abstract concepts like “safe-haven,” “inflation hedge,” and “geopolitical insurance.” This symbol is integrated into the global economy through a Semiotic-Computational-Telecom (SCT) stack.

Reprogramming Spreadsheet Capitalism for Climate Resilience

In the framework of spreadsheet capitalism, capital no longer exists solely as a tangible asset, productive relation, or factor of industrial production—it is reconstituted as a symbolic, programmable logic embedded in and animated by digital spreadsheets. Drawing on a semiotic-computational framework, this transformation reveals how capital is not simply represented in spreadsheets but reborn through symbolic substitution, abstract modeling, and procedural calculation.

Lotus 1-2-3, Temporal Finance, and the Rise of Spreadsheet Capitalism

One of the books I read during my PhD years was Barbarians at the Gate: The Fall of RJR Nabisco (1989), about the $25 billion leveraged buyout (LBO) of the iconic conglomerate (tobacco/snacks/) by Kohlberg Kravis Roberts & Co. (KKR). An LBO is the purchase of a company using large amounts of short-term debt and […]

US Legislative and Regulatory Restrictions on Deficit Spending – Reflecting on Modern Monetary Theory (MMT)

I outline some of the promise of MMT analysis for increased US spending while digging into several legislative and regulatory problems associated with enacting spending long-term.

Four Futures and the S-Curve

Dator’s Four Futures is a framework developed by futurist and educator Jim Dator. It presents four broad scenarios or perspectives on the future that can help individuals and organizations think about and plan for different possible outcomes. These scenarios provide a structured way to consider alternative futures and potential developments. The four generic alternative scenarios are: four generic alternative futures” (continuation, collapse, discipline, transformation). This post discusses the use of S-Curves with Dator’s scenarios.

Technostructural Stages of Global ICT for Development (ICT4D)

This post explores and outlines the following stages or phases of economic and social development utilizing information and communications technologies. The ICT acronym has emerged as a popular moniker, especially in international usage, for the digital technology revolution and is often combined with “development” to form ICT4D.

VisiCalc and the Rise of the PC Spreadsheet

The big computer mainframes of the 1960s and even the minicomputers of the time were not accessible enough to provide the type of direct experience needed to play with the numbers by making multiple changes and producing various scenarios that would make the spreadsheets so valuable later on. It was the microprocessor-enabled PCs that made possible the successive lineage of major digital spreadsheet applications – VisiCalc, Lotus 1-2-3, Microsoft’s Excel, and Google Sheets that transformed modern organizational practices.

Weak Domestic Dollar, Strong Global Dollar

Currently the dollar is weak domestically and strong globally. In this post, I examine the dynamics of the US dollar and why it operates differently within the domestic US and globally.

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  • About Me

    Professor (full) at State University of New York (SUNY) Korea since 2016. Research Professor for Stony Brook University. 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 global political economy

    You can reach me at:

    anthony.pennings@gmail.com
    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. Articles are not meant as financial advice.

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