"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?"

Wednesday, November 8, 2017

Farewell to Trolls

3 comments:

David Young said...

Here's Greenwald on this subject:

https://theintercept.com/2017/11/05/four-viral-claims-spread-by-journalists-on-twitter-in-the-last-week-alone-that-are-false/

...and Then There's Physics said...

I'm certainly of the view that the more time you spend on social media, the greater the chance that you will end up arguing with everyone.

Dan Olner said...

Have you seen this by Zeynep Tufekci? (h/t Tom Stafford.) Original civic visions of the internet may get a resurgence out of this mangled carcrash of facebook/google/twitter/AI and good ol' fashioned cold warfare. Any thoughts on where folks should go to do that gratefully received.