"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?"

Saturday, November 10, 2007

Fall Cancelled after 3 Billion Seasons

"As much as we'd like to see it stay, fall will not be returning for another season," National Weather Service president John Hayes announced during a muggy press conference Nov. 6. "Fall had a great run, but sadly, times have changed."

1 comment:

Dr. Lemming said...

Didn't it take a sabbatical during the Cretaceous?