Sublime

The bottom line is that small changes in the communication structure can affect decisions.

In economics the particles, that is, agents, are endowed with some kind of foresight. Their image of the future affects the present.

transaction cost theory or new institutional economics.

In the century and a half since Charles Darwin published On the Origin of Species, we still are stymied by the complexity of the biosphere, and, just as with our financial systems, our efforts to intervene have often led to confounding results.

You want problems solved by the right people who can do it most effectively.

So, participation is risky in that sense.

And they need to commit to funding them for the long haul so that researchers know they’ll have a steady flow of support for years to come.

Peter Drucker.