"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?"

Monday, October 18, 2010


Andrew Dessler gets in touch to ask me to feature his co-lecture with Dick Lindzen, but apparently I'm not alone in getting the invitation. Eli apparently has already found the time to watch it (it's over an hour of the meat of the thing) and has embedded it. I'm looking forward to watching it, and I thank Andrew for getting in touch.

Meanwhile you can see it at Eli's and decide for yourself whether, as Andrew claims, Lindzen is smoked.

1 comment:

Hank Roberts said...

North, some years ago, speaking to Dessler's class about this subject: