"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?"

Sunday, October 16, 2011

Last Post



This blog is moving to http://init.planet3.org Please reset your bookmarks and feeds (http://init.planet3.org/feed/). That site and feed are now live. Updates about the shutdown of this site will appear on this article.

Approximately a million page views (at least 979,918 as I write, not counting feed subscribers) have been served by this Blogger site.

10/16 Most of the archive successfully moved over to WordPress. The first few months don't show up for some reason.

10/17 COMMENTS ARE OFF FOR THE ENTIRE SITE

Comments are welcome on the new site.

UPDATE MARCH 11 2013 :

The Wordpress move never really worked. Lots of live links from the internet go here. So I have revived it as a historical record.

 Most of my recent writing is at Planet3.0

-mt

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