A The Wealth of Nations - does it still apply ?
B New Business Models for the Information Age
C RUBAC Joint Ventures

A The Wealth of Nations - does it still apply ?

a	Current Industrial Age Economic Business Models are based on the 1776 Adam SMITH 
	4 volumes "An Inquiry into the Nature and Causes of the Wealth of Nation" 
	or as it is better known "The Wealth of Nations".  

		"The Adam Smith Institute is proud to present the full text of Adam 
		Smith's great book, The Wealth of Nations, online. 

		This remarkable book was published in 1776, at a time when the power
		of free trade and competition as stimulants to innovation and progress
		was scarcely understood. 

		Governments granted monopolies and gave subsidies to protect their own
		merchants, farmers and manufacturers against 'unfair' competition. 

		The guilds operated stern local cartels: artisans of one town were prevented 
		from travelling to another to find work. 

		Local and national laws forbade the use of new, labour-saving machinery. 

		And, not surprisingly to us today, poverty was accepted as the common,
		natural, and inevitable lot of most people. 

		Adam Smith railed against this restrictive, regulated, 'mercantilist' 
		system, and showed convincingly how the principles of free trade, 
		competition, and choice would spur economic development, reduce poverty, 
		and precipitate the social and moral improvement of humankind. 

		To illustrate his concepts, he scoured the world for examples that remain 
		just as vivid today: from the diamond mines of Golconda to the price of 
		Chinese	silver in Peru; from the fisheries of Holland to the plight of 
		Irish prostitutes in London. 

		And so persuasive were his arguments that they not only provided the 
		world with a new understanding of the wealth-creating process; they laid 
		the intellectual foundation for the great era of free trade and economic
		expansion that dominated the Nineteenth Century. 

		The Wealth of Nations changed our understanding of the economic world just 
		as Newton's Principia changed our understanding of the physical world and
		Darwin's Origin of Species. 

		And now, it is here online, for you to read, and enjoy. 

	However at a time when Free Trade Models are being re-assessed does a 225-year old
	Business Model still apply in the Information Age ? 

B New Business Models for the Information Age

a	The Wealth of Nations changed Economic Theory at the time but can it provide a
	suitable Social and Business Model in the Information Age where technology has
	changed the rules for Homework (Education), Housework (Home Ownership), Volunteer 
	Work (Environment) and Intellectual Property (Ideas) ?

b	Time and Process Automation are becoming the Universal limitations and perhaps the
	Business Models have to be devised so that an eCredits System is used to ensure
	that the Process Automation model is sustained and not forgotten in the long term
	as manual process skills decline.

c	The new Business Models have to recognise and more important record a Community
	Value for diligent Homework, repetitive Housework, stressful Volunteer Work and
	creative Intellectual Property

d	RUBAC Joint Ventures are one type of new Business Model that can be considered
	for Intellectual Property Applications on the Internet

C RUBAC Joint-Venture Model

a	The RUBAC Joint Venture Model is based on a long-term revenue sharing model

b	This Model povides a return for all members of the Joint Venture involved with:

	1	research for an Application
	2	develop a propotoype
	3	implement a beta test site
	4	support implementations
	5	market promotion of Joint Venture

c	The Model provides Royalties based on variable factors including:

	1	Marketing Strategies
	2	Product/service promotion
	3	Web page hits
	4	Increased sales for client
	5	Reduced costs
	6	Uploads/downloads for automated file back-ups

d	The Model is designed to cater for the on-going process of change by
	using Electronic Information Interchange [EII] as the core technology
	rather than "paper 21st Century Techniques over 19th Century Economic
	Procedures" ref John RAVEN EDI Facilitation Advisor to the International
	Association of Ports and Harbours [IAPH] 

Revised: S 07:22 M 2006/08/28 Syd 2089
F 09:55 M 2006/08/28 Syd 2089
Who: sj
Authorised: sgg
Created: 07:22 Sat 2005/11/12 Syd 2089
By: sgg
Revision: 2pcaecc1.001
Original Page: 2a1aecc1
22:44 Sat 25/11/2000 Syd 2089
Who: lsAuthorised: sgg