"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?"

Saturday, May 9, 2015

The choice

The anthropocene must be either well-managed or brief.


Florifulgurator said...

Most men, it seems to me, do not care for Nature and would sell their share in all her beauty, as long as they may live, for a stated sum — many for a glass of rum. Thank God, men cannot as yet fly, and lay waste the sky as well as the earth!

Henry Thoreau, Journal, 3 January 1861

dan said...

"The anthropocene must be either well-managed or brief." Superb. Gonna try and work this into a job covering letter! (With appropriate acknowledgement of course!)