Debt: The First 5,000 Years — Throughout its 5000 year history, debt has always involved institutions – whether Mesopotamian sacred kingship, Mosaic jubilees, Sharia or Canon Law – that place controls on debt’s potentially catastrophic social consequences. It is only in the current era, writes anthropologist David Graeber, that we have begun to see the creation of the first effective planetary administrative system largely in order to protect the interests of creditors. (via Tim O’Reilly)
MIT Autonomous Quadcopter — MIT drone makes a map of a room in real time using an X Box Kinect and is able to navigate through it. All calculations performed on board the multicopter. Wow. (via Slashdot and Sara Winge)
How Great Entrepreneurs Think — leaving aside the sloppy open-mouth kisses to startups that “great entrepreneurs” implies, an interesting article comparing the mindsets of corporate execs with entrepreneurs. I’d love to read the full interviews and research paper. Sarasvathy explains that entrepreneurs’ aversion to market research is symptomatic of a larger lesson they have learned: They do not believe in prediction of any kind. “If you give them data that has to do with the future, they just dismiss it,” she says. “They don’t believe the future is predictable…or they don’t want to be in a space that is very predictable.” […] the careful forecast is the enemy of the fortuitous surprise. (via Sacha Judd)
The growing role of software architects: “Architecture has become much more interesting now because it’s become more encompassing," says Neal Ford, software architect and meme wrangler at ThoughtWorks.