"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, September 3, 2007

Pedal to the Metal

I'm personally in an unusually cheerful frame of mind; though my roots are not in a particularly sanguine culture things are going well for me personally.

The big big picture remains not so pretty. Nature continues to prompt us with ominous signs that the times they are a changin'; hurricane Felix goes from zero to Cat 5 in record time.

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