"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?"

Thursday, August 23, 2007

More Extraordinary Flooding


There have been unusual flash floods in the "upper" (northern) midwest this week. Here's a spectacular road washout in Wisconsin on State Road 60, a road I am personally familiar with and very fond of. It's a beautiful autumn drive that I highly recommend, but it looks like there will be a bit of a detour this season.

Here's a plot of recent rainfall accumulation from Jesse Ferrell's blog at Accuweather. This would be over the week ending Monday the 20th; contours in inches.

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