Tuesday, December 27, 2005

Two Sector Economy | An Intro

As the new year dawns, I'm aiming to further develop and better practice the idea of a "two sector economy" (see below) as relevant as possible to my life in Victoria. Being the holidays still I'm trying to keep my blogging to a minimum, so in the meantime: feast upon this introduction to the idea from Jacobsen and Borgmann.

"In a two sector economy, we divide our economic decisions into those where we want to encourage a local economy and those where we want to encourage a global economy. In areas where the potential for craftsmanship, personable service, and community investment is high, we might choose to pay a bit more for a locally made or distributed product. This might apply to decision {sic} about food, furniture, clothing, health care, education, or instruction in music, the arts, or sports. In areas where we want the most advanced technology and impeccable safeguards, we would favor copmanies that produce on a global scale.

Albert Borgmann provides three tasks that are best left to the global economy. The first is the maintenance and improvement of the infrastructure of transportation, utilities, and communication. The second is the production of certain goods and services such as machine tools, cars, appliances, raw materials, insurance, and finance. The third is research and development."

From Eric O. Jacobsen's "Sidewalks in the Kingdom" pp 14-125
(relying heavily on Albert Borgmann from "Technology and the Character of Contemporary Life" )

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