From bac0feb38877a429caf27afcedaccbe78f5436b2 Mon Sep 17 00:00:00 2001 From: sdiehl Date: Tue, 5 Apr 2022 08:58:10 +0100 Subject: [PATCH] Finish enclosure concept --- concepts/bond.md | 1 + concepts/enclosure.md | 6 ++++-- meta/concepts-todo.md | 2 +- 3 files changed, 6 insertions(+), 3 deletions(-) diff --git a/concepts/bond.md b/concepts/bond.md index 71b319b..c83a729 100644 --- a/concepts/bond.md +++ b/concepts/bond.md @@ -3,5 +3,6 @@ A bond is a [security](security.md) financial product that represents a promise ## References 1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625. +1. Varoufakis, Yanis. Foundations of economics: A beginner's companion. Routledge, 2002. 1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995. 1. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007. \ No newline at end of file diff --git a/concepts/enclosure.md b/concepts/enclosure.md index c468456..ffa3df2 100644 --- a/concepts/enclosure.md +++ b/concepts/enclosure.md @@ -1,6 +1,8 @@ ## Enclosure -Historically *enclosure* referred to the feudal appropriation of common land or public goods by nobility. +Historically *enclosure* referred to the feudal appropriation of common land or public goods by a [cartel](cartel.md) or nobility. In modern terms it refers to the process by which businesses corner a market through predatory capitalism and [regulatory capture](regulatory-capture.md) to ensure they can rent seek in perpetuity. This is often done through undercutting competitors through anti-competitive pricing schemes or subsidizing services by an influx of external capital to drive out competition. See also [market manipulation](market-manipulation.md), [public goods problem](public-goods-problem.md) and [free rider problem](free-rider-problem.md). -## References \ No newline at end of file +## References +1. UK Parliament (2021). "Enclosing the Land". London: UK Parliament. Retrieved 14 May 2021. +1. Varoufakis, Yanis. "Techno-feudalism is taking over." Project Syndicate Op-ed 28 (2021). \ No newline at end of file diff --git a/meta/concepts-todo.md b/meta/concepts-todo.md index e466339..31ddbb9 100644 --- a/meta/concepts-todo.md +++ b/meta/concepts-todo.md @@ -111,7 +111,7 @@ Fourth Pass Fifth pass -- [ ] [enclosure](../concepts/enclosure.md) +- [x] [enclosure](../concepts/enclosure.md) - [x] [amm](../concepts/amm.md) - [x] [dex](../concepts/dex.md) - [x] [narrative-economics](../concepts/narrative-economics.md) \ No newline at end of file