"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, May 31, 2008

What is impossible?

Not all that much really.

But only if we try.

1 comment:

Steven said...

Pretty awesome.

I am dismayed by one of the comments on that page:
"With all that's going wrong in the world, it's good to have a reminder, once in a while, what we, human beings, can accomplish when we're at our best."

It really saddens me that people think this way. There are so many amazing good things, and so many improvements in our world that go on all around us and we just take them for granted and expect the next thing- with no appreciation.

I can't think of any time in the past I would rather live. Why so much gloom?