"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Monday, July 16, 2007

Bill Moyers' Eulogy for Lady Bird Johnson

From Bill Moyers' eulogy for Lady Bird Johnson:
[A] man called me back at the White House from the pay phone at a local train depot. He was choking back the tears. "As long as I live," he said, in a voice breaking with emotion, "I will thank God I was here today, so that I can tell my children the difference courage makes."
Moyers' eulogy is here; more stories here.

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