Economics of Intangibles

Front Cover
Nova Publishers, 2007 - Business & Economics - 407 pages
2 Reviews
Up to now, economics as a branch of social science has been concerned mainly to map the commercial and financial relations of Humanity, including a wide variety of institutions spawned to sustain livelihoods within these relations. Although these relationships, qua relations, are by definition intangible, the forms by which these relations are expressed -- and in which they may even be quantified, predicted and managed -- are all tangible. Thus we arrive at the tantalising paradox wherein, for economists, tangibles seem to occupy the entire space of interest, even though that which has given rise to their very field in the first place are actually social relations that remain utterly intangible. Always and everywhere, the tangible is also quantifiable. However, lifting this veil uncovers something very strange. To the extent that tangible economic activity takes quantifiable form, it is possible to generalise about the forms themselves and/or to verify them, without reference to any further information as to the intent, conscience or consciousness of those who gave rise to these activities in the first place. This elimination of "subjective factors", such as intention, was long trumpeted as the economists' greatest success (as social "scientists"). This book presents the many quintessential elements of economics from all around the globe.
 

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Anybody considering buying/reading this book should base their opinion on the book on the writing in the book itself, rather than the review here by Dr. Omar Chalaal. The review is baseless and has nothing to do with economics, and Dr Challal is aware of this. This is a fantastic book that summarizes many of the problems of the capitalist short-term approach in detail, using logical deductions.
--Jaan Islam, Dalhousie University, Dept. of Political Science
 

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This amounts to plagiarism, and unethical behavior. I, Dr. Omar Chaalal do not believe educators should conduct business nor research and development in this way. This is a betrayal of trust and I will not be a castoff old shoe.
The research group led by Dr. Chaalal at the United Arab Emirates University (Ghannam and Chaalal, 2003) demonstrated that a simple technique could recover up to 99% of pure oil in an offshore oil spill. The work of the Dr. Chaalal team was published in Fuel. Reference: Oil Spill Cleanup Using Vacuum Technique Author(s): M.T. Ghannam; O. Chaalal Source: Fuel (Elsevier Science) Year: 2003 Volume: 82 Number: 7 Pages: 789-797.
The New Scientist journalist Duncan Graham-Roe, found this research very intriguing. He contacted Omar Chaalal and asked for permission to write an article about his innovation. Duncan Graham-Roe convinced Dr. Chaalal that when you publish in New Scientist your ideas are copyrighted. Dr. Omar gave him permission to publish his work. He published an article “A slicker way to clean up oil tanker spills” on the New Scientist Magazine issued on the 8th of March 2003. without the permission of Dr. Chaalal.
The 14th of June 2003, the MP Tam Dalyell wrote an article in the New Scientist Magazine about Dr. Chaalal oil spill innovation. MP Tam Dalyell said “My hopes were raised by a recent news item about a tanker, planned and designed by Omar Chaalal of the Arab Emirates University in Al-Ain that would suck up oil spills (New Scientist, 8 March, p 16). If it works, it could at one stroke reduce environmental damage and regain a sellable product.
The news spread through New Scientist as innovation. Innovative Oil Clean Up Invention Receiving International Recognition published June 18, 2004 published by Kristi Sayles as Chaalal's Ark. Zatzman the editor of the EEC Magazine when he published an article about Dr. Chaalal oil spills innovation (note that Zazman, Islam and David have worked in the same team) gave the name Chaalal’s Ark. The authors did not ask the permission from Dr. Chaalal to publish his work! They even copied the picture of the tank without the permission of the New Scientist Magazine. chaalal@scientist.com
 

Contents

The TangibleIntangible Nexus
9
Intangibles in the Big Picture The Delinearised History of Time
39
Intangibles in the Big Picture Continued Information Technology and the Global System
101
Tangibles in the Big Picture
158
The Aphenomenal Model
235
The New Synthesis
291
Conclusion
355
References and Bibliography
357
Index
385
Copyright

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