Tuesday, June 14, 2022

The Economy as a Natural System...

 It is precisely because the economy makes such fools of the experts who study it that we have to ask if there isn't something fundamentally wrong with the highly mechanistic approaches that they take. A more powerful and useful metaphor for the US economy than a complicated manmade machine is a natural system, like a rainforest. Natural systems are nonadditive and nonlinear, and they morph themselves continuously, (they evolve).

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