Ways of Seeing a blog by Nitzan Hermon

    Galloway on the Opprtunity

    I always enjoy reading No Mercy / No Malice, but this one is particularly great.

    Thanks Emma for highlighting.

    The cardinal opportunity in this pandemic is the chance to repair and strengthen relationships. The majority of medals and recognition bestowed on our women and men in uniform is a function of one thing: grace under fire. Your character, and the perception of your character, is a sum of all your actions across your entire life. But the sketch of these actions is traced over with the indelible ink of the grace, or lack thereof, that you demonstrate in times of crisis.

    Complex Adaptive Economics

    Rana Foroohar published an excellent op-ed on the need to move from linear to complex thinking, in the face of apparent interconnectedness and unknown unknown world.

    Linear systems and baseline reversion to equilibrium is generally assumed. And efficiency rather than resiliency is encouraged.

    If the economics profession is going to help solve the world’s biggest problems — from pandemics and climate change to deglobalisation and inequality — economists must stop tweaking the edges of their models and think outside the box.

    https://www.ft.com/content/e1945718–8b84–11ea–9dcb-fe6871f4145a

    Brian Arthur’s (Santa Fe Institute, PARC) ideas on complexity economics are very relevant to this line of thinking. For example, his paper on Complexity economics: a different framework for economic thought as well as some of some SFI’s other published content on COVID.