"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?"

Friday, February 18, 2011

Small World

4 comments:

Michael Tobis said...

Actually on second thought I bet this is at the Rathskeller in Madtown at the Student Union and not in Pakistan at all. And maybe it's all about the Rose Bowl or something.

Still it makes an impression.

We really all sink or we all float. That's all.

No enemies. One team. One future or none.

Steve Scolnik said...

Oh, great. Now the Regressives can claim there's a link between labor unions and Islamo-Fascism.

Michael Tobis said...

Too late.

Sorry.

Pangolin said...

Michael, your link requires an obligatory restatement of Poe's law.....

"Poe's law states:
“Without a winking smiley or other blatant display of humor, it is impossible to create a parody of fundamentalism that someone won't mistake for the real thing.”

If you had run that Glenn Beck clip as a parody of religion and politics fifteen years ago it would have been mocked as over-the-top comedy. Today it's a daily program on a "news channel."

If somebody of conservative ilk declared that pi was now equal to 2 I wouldn't bat an eye.