Final thought on Complexity Economics

This week, I’ve been mulling over Eric Beinhocker’s book, ‘The Origin of Wealth: Evolution, Complexity and the Radical Remaking of Economics’ (see previous posts – an overview and a discussion of the implications for our models of change). One question that remains is ‘why aren’t there more books like this?’ The initial idea of  ‘Complexity Economics’…

By admin January 9, 2009 4

How much is $700bn?

The arguments for a bailout to avoid systemic collapse are of course genuine and persuasive, but so are the arguments for aid and against standing by and allowing a child to die every 3 seconds, or a woman to die in childbirth every minute. To put the proposed Wall Street bailout into perspective. $700bn: · Would…

By admin December 30, 2008 Off

How will the meltdown affect development?

If the current financial meltdown causes the US and Europe to sneeze, will poor countries catch cold, succumb to pneumonia, or have they discovered a new flu vaccine in the growing economic presence of China? I’m currently on a visit to East Africa, and that is the question that is preoccupying many of its leaders.…

By admin December 29, 2008 Off

Shocks and Change

Funny thing, the Chatham House rule. Introduced by the Chatham House thinktank to enable policy makers to speak more freely at seminars and meetings, people often assume it means you are sworn to complete secrecy about what was said. Not so. The actual rule reads “When a meeting, or part thereof, is held under the…

By admin December 29, 2008 Off

Never make predictions, especially about the future

The panacea of technological innovation is routinely trotted out by political leaders faced with difficult problems. Poverty? A laptop in every village! Climate Change? Carbon capture and storage, with a side helping of biofuels! So no need to ask, let alone answer, difficult questions on distribution, or possible environmental limits to growth – the magic bullet…

By admin December 29, 2008 Off