"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, January 24, 2008

AAAS Supports Science Debate

American Association for the Advancement of Science today announced that it has joined a major effort to mount a presidential debate on science, technology and the economy.
“It’s a new, global knowledge economy. Dealing with that is going to be a pretty major policy question for the next president – one that affects the pocketbook of every American. When you add global warming, the healthcare crisis, biotechnology, and transportation, it starts looking like many of the major issues the next president will face are not being seriously debated,” said Otto. “That’s why a leading organization like the AAAS, the world’s largest general scientific society, is signing onto our citizen initiative.”
(emphasis added)

1 comment:

cieldumort said...

Thanks for the post, MT! I have to admit, I get some of my best updates, several of which I then pass along, from your blog.