Sublime

The economy is thus comprised of evolving networks of interacting agents, institutions, and technologies—networks of networks. The macro- level patterns of the economy—growth, innovation, business cycles, market booms and busts, inequality, and carbon emissions—then emerge from these dynamic micro- and meso-level interactions. From the complexity e

For example, economist George Steckel and anthropologist Jerome Rose (2002) examined health indicators for Prehispanic New World societies and found that the median health of individuals declined as societies grew more complex. This suggests social complexity emerges from mechanisms that promote coordinated behavior even if it is not in the best in

But overall the profession does not excel at seeing trouble ahead and unlike engineering disciplines it doesn’t have a branch of forward-looking failure-mode analysis or of post-crash forensic analysis.

Clinton’s Libya problem encapsulated the weak point of the technocracy. The argument for expertise as the basis for political authority depends on the experts’ success at managing both their small niche and society as a whole.

Clearly, just imprinting a document in clay is not enough to guarantee efficient, accurate and convenient data processing.

As

a) cashless intra-bank and interbank transactions b) fractional reserve banking and c) central bank monopolies on note issue, the very nature of money evolved in a profoundly important way.