"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, July 29, 2011

Not Polar Bears II

I told you messin' round with them polo-bears was diendge-ress, dinna, son?

3 comments:

Pangolin said...

Apparently you know who in the contemporary context is about eight feet long, weighs 500 lbs, has white fur, a black nose and a fondness for fresh seal meat.

Oale said...

small sample size is a constant problem when studying near-extinct animals, and what not...

Alastair said...

Like the post on a secret dictatorship, I am afraid this post on polar bears has gone over my head. However, I have just come across a link which shows why I think Ruper Murdoch and his Fox News are the secret dictatorship.

Here is a good example of how he is making global warming scepticism seem respectable. Everyone suspects the oil and coal industries of promoting the disinformation, but Murdoch seem to be doing it just for the devilment.