"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, December 3, 2009

Snow in Austin

We're expecting a light snow tonight, perhaps a couple of inches up in the hills. This is not without precedent. The pattern of past snow events is peculiar and hard to characterize.

Update: Indeed we got some heavy snowfall, but it only lasted about two minutes.

However, measurable snow fell in Houston, and sure enough the denial sites are running with it.

Image: Austin Statesman

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