"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, October 1, 2007

Three Scary Postings

Well, I managed to find some good news a few days ago, but it's getting swamped.

Will the long-term sensitivity of the system be twice what we expect? Joe Romm reports that Hansen thinks so.

Eli has some disturbing feedback from overseas.

And Tamino paints a picture of what just happened that might please Dr Tufte, but is more than a little bit sobering.

PS - Not actually stolen from Atmoz's "what I'm reading" list, but might as well have been.

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