Why the Bailout Won’t Work
A frightening take on the economy. It’s hard to not be pessimistic right now, but it seems we should eschew a growth-based economy for something more resilient. My eyes are on the Resilience community (an offshoot of biological studies). I haven’t seen much from them in the wake of the current crisis.
October 8th, 2008
at 12:22 pm on October 8th, 2008
I just saw that two leaders in the Resilience research community, Brian Walker and Carl Folke, had a workshop two weeks ago in Askö (Sweden) on the topic “Multiple Shocks and the Economy” (with a number of very prominent scholars such as Kenneth Arrow, Simon Levin, and Steve Carpenter).
The workshop was supposed to explore how the global economy responds to shocks, and will eventually lead to a paper and a research project application. The resilience community is only recently getting stronger on the social side of things (it started with a purely ecological focus), so the economists are joining up. Cool ideas to come…
at 9:59 am on October 9th, 2008
Wouldn’t you know it, the Resilience Science blog has indeed posted a couple of articles in the last couple days on the financial crisis. I guess I spoke too soon.
Thanks for the comment, I’m looking forward to those cool ideas.