ABOUT DR. JAMES L. GAMBLE, III
Founder of PoliticalSheepdog.com
Dr. James L. Gamble, III, is a medical doctor with strong interest and background
in economics relating to social welfare.
- BA in Chemistry, Colorado College
- MD, Univ. of Miami Medical School, Florida
- Masters of Public Health and Hygiene, Johns Hopkins
- Masters of Science in Environmental Health Sciences, Univ. of Cincinnati
- Medical internship, Union Memorial Hospital, Baltimore, Maryland
- Academic Residency in Occupational Medicine, University of Cincinnati
- Occupational Medicine Residency, Dow Chemical Corporation
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Background
Accomplishments
Beliefs
Background
James Gamble is a physician, who currently lives and practices in Maryland.
Dr. Gamble's formal study of economic policy began during his schooling at Colorado
College, where he studied introductory economics and macroeconomics. At Johns Hopkins,
he studied medical economics under David Salkever, who is known for his studies
of the effects of alternative public policies on health economics. From 1984 to
1986, Dr. Gamble completed a tutorial in Welfare Economics under Dr. Tom Zak of
the U.S. Naval Academy. In 1994, Dr. Gamble teamed up with Dr. John Leonard, an
independent economist, who continues to serve as his consultant, critic, coauthor,
and advisor in Economics.
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Accomplishments
- 1997 – An improved Definition of Rationality in Economics
- 1998 – A new theory of Intellectual Property Rights
coherent to market values
- 1999 – An auction system for determining market value
of Intellectual Property Rights
- 1999-2003 – Auction technology that would allow ordinary
citizens to participate as lobbyists to influence social reform in democratic societies
- 2005 – Hurricane Katrina could have been prevented
by PoliticalSheeddog.com
- 2007 – Wrote a simple book to explain PoliticalSheepdog
- 2008 – The banking collapse of 2008 was caused by
a systemic failure that only PoliticalSheepdog could have prevented it
- 2010 – The Supreme court ruling on Citizens United
vs. the Federal Elections Commission leaves PoliticalSheep.com as the only Constitutional
system capable to prevent special interest corruption
1997
An Improved Definition of
Rationality in Economics
Dr. Gamble published an article, "Validity, Rationality Definitions and Consumer
Sovereignty” in the anthology section of the Atlantic Economic Journal, Vol. 25,
No. 3, 9/97. In this article, Dr. Gamble disproved the definitions of rationality
proposed by renown rationality psychologist Jonathan Baron and Amartya Sen, a Nobel
Prize winner in Economics. Dr. Gamble's improved theory of rationality
is the basis for his work in economics and social reform.
Dr. Gamble showed that Baron and Sen based their definitions of behavior on changeable
dependent variables such as the psychological phenomena of choices, preferences,
and utility functions instead of independent psychological phenomena such as sexual
psychology, high internal discount rates, operant conditioning, bipolar personality,
etc. As a result, their definitions were based on a logical fallacy, which
would result in illogical conclusions.
Back to “Accomplishments”
1998
A New Theory of Intellectual Property Rights Coherent to Market Values
Dr. Gamble has written a yet-to-be published, and possibly the first, theory of
intellectual property that is coherent with market values; that is, marginal revenue
product. The theory defends intellectual property and theoretically defines
how much intellectual property a society needs. Dr. Gamble found evidence
from studies of India, the Soviet Union, and the Dark Ages, that free societies
that honor intellectual property in social reform will achieve a superior quality
of life for their citizens.
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1999
Auction System to Determine the Market Value
(Among a Few Innovators)
PoliticalSheepdog.com - Dr. Gamble developed a real-time auction bidding system
that sustains market equilibrium with as few as two bidders. While this has
many applications, it can provide a way to determine market values for the principal
contributing innovators on any given policy marketed by PoliticalSheepdog.com.
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1999-2003
Auction Technology that Allows Ordinary Citizens to Lobby for Social Reform in Democratic
Societies
Dr. Gamble developed an auction system for majority rule processes with potential
application in majority rule settings and other real-time participatory events.
This tool can be used for shaping public policy and tracking the progress of citizen
lobbying. This bidding system, known as a "musical chairs" auction, uses a new pooling
concept to identify classes of low-bidders. This new technology allows the creation
of a market for intellectual property rights that can be shared by innovators and
supporters of beneficial public policy. This may be the first technology that would
allow ordinary citizens to participate as paid lobbyists to influence social reform
in democratic societies
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2005
Hurricane Katrina could have been prevented by PoliticalSheeddog.com
Hurricane Katrina could have been prevented with steel reinforced concrete dikes,
but was wasn’t, because the current incentive structure was inadequate. PoliticalSheepdog
would have corrected this situation with intellectual property incentives for those
with the insight and profits for constituents, who drove through the policies that
paid for the stronger dikes.
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2007
Wrote a simple book to explain PoliticalSheepdog
Wrote PoliticalSheepdog.com: An Internet Market to Invigorate Democracy (see Book
Length Explanation). This simple book describes the PoliticalSheepdog auction
system and the economic theory that drives PoliticalSheepdog.com.
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2008
The banking collapse of 2008 was caused by a systemic failure that only PoliticalSheepdog
could have prevented itg
The banking collapse was the result of an asymmetry between insight, power, and
incentives. For example, those with the insight like Josh Rosner and Charles Kindleberger,
who understood in 2000 that the low down payments for housing mortgages could result
in an economic crash, or Steve Eisner, who went to the SEC to warn about the dangers
in mortgage bonds, did not have the incentive or power to prevent the collapse.
Wall Street, which had power and some with insight, did not have the incentive to
prevent the collapse. Government officials generally had neither the insight nor
the incentive to prevent the economic collapse of 2008.
PoliticalSheepdog could have provided the incentives to prevent the crash with intellectual
property rights to those with insight and with financial incentives for lobbying
constituents, who demand prevention from their legislators. These incentives could
be risk adjusted with policy analysis markets or changes in those markets, when
the legislation passed.
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2010
The Supreme Court ruling on Citizens United vs. the Federal Elections Commission
leaves PoliticalSheep.com as the only Constitutional system capable to prevent special
interest corruption
The Supreme Court ruled that the government cannot prohibit financial support of
any type of speech. While prohibitions of speech are unconstitutional, nothing in
the Constitution prohibits government of certain types of speech. If the government
is going to support protection of consumers, it needs a market or market approaches
to determine how much is fair to pay and how much to spend for this protection.
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Personal Beliefs
“My Vision”
From an early age, I’ve been deeply concerned about the what appeared to me to be
distortions in consumer values leading to wasted health, lives, and resources.
In my medical practice and through the media, I continue to see the devastating
effects of alcoholism, violence, our current prison system, government corruption,
and many other destructive factors.
A continuing intuition that the world could be a better place has led me to study
medicine and economics in search of answers. Through decades of research,
I have developed a vision of how citizens and legislators can work together with
social reformers to improve public policy. I believe that my technological
breakthrough, PoliticalSheepdog.com, will be used in democratic societies throughout
the world to develop improved public policy.
PoliticalSheepdog.com combines the concepts of intellectual property rights, free
market enterprise, and a new computer technology to offer an exciting new solution
that will stop waste and reward innovation that improves the social welfare.
Registered voters will become paid lobbyists by using Internet access. Legislators
will have a new tool for monitoring public opinion. PoliticalSheepdog.com
will encourage reformers from every free society to contribute their best thinking.
I regard the development stage of PoliticalSheepdog.com as a time of exciting testing
and problem solving that will be well worth the effort. Every day that senseless
waste continues in a free society is a terrible loss in resources and in thousands
of lives!
I look forward to the day when tests prove the value of PoliticalSheepdog.com for
developing and achieving better public policies and a better, safer world.
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PoliticalSheepdog.com:
NOW is the time…
Last revised: August 29, 2003