"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, May 26, 2011

Texas Drought Video

From the LA Times. H/T Joe Romm.

 

6 comments:

susan said...

Just catching up and noticed Earth Observatory has a startling item about Mexican fires this year, including lots of grass from wet year last year.
http://earthobservatory.nasa.gov/IOTD/view.php?id=50688&src=eoa-iotd

It is hard to keep in mind the continuing effects of the previous disastrous events as so much new is added to the plate in such a short time.

Also interesting is the likely arrival of Typhoon Songa off the coast of Japan:
http://www.wunderground.com/tropical/tracking/wp201104_5day.html#a_topad

Marion Delgado said...

We in Alaska have had a "beetle bowl" for quite a while now.

BTW I am a little worried about what seems to be a merger (submerging?) of Climate Progress with Think Progress tomorrow. Is this their foundation saving money? Is it message control?

Nothing against Think Progress but it's not filling any unique need.

susan said...

Don't underestimate ThinkProgress. Yeaman work on Kochs. May be an improvement.

susan said...

That's yeoman - sorry.

David B. Benson said...

Texas bowl becomes southwest bowl.

Gives a new meaning to bowl games...

EliRabett said...

Oh Nooz, we all know that William hates Joes the Romm.