"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?"

Tuesday, September 16, 2008

Hear Your Sea Winds Blowing

Interesting that Galveston is in Ron Paul's congressional district.

(The picture is from the New York Times, of the Bolivar Peninsula, near Galveston Island but lacking a seawall. See also this before/after picture on Jeff Masters' Wunderblog, and these on a Google Earth blog.)

I find it hard to dislike Mr. Paul entirely, though he quietly panders to the silly idea, which has some currency in Texas, that NAFTA is a conspiracy by Mexico and Canada to dominate the USA (!). Of course he is a global warming inactivist as well, though he, like Gov. Palin, seems to calibrate his skepticism for his audience.

I wonder whether his libertarianism extends to FEMA and disaster relief for people who build in disaster-prone areas. It's odd that he has a comment from this week about the economy (back to the gold standard!) and nothing about the disaster on his website now.

Like I said, though, it's hard to dislike the man entirely.

1 comment:

Marion Delgado said...

It was the year of 1900 that was sixty years ago death come howling on the ocean when death calls you got to go now galveston had a seawall just to keep the water down but the high tide from the ocean spread the water all over town wasnt that a mighty storm? it blew all the people all away! - Tom Rush