trendie
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http://www.bbc.co.uk/iplayer/episode/b00yjs4m/Scientists_of_the_Subprime/
30 minute program: explores the idea of using biology and ecology as models for finance and its activities.
That when a system grows to a certain level of complexity, a catastrophic drop-off becomes more likely, not less.
That it was the failure to understand the problem systemically, that made it more difficult to fix. (using analogy of power grid, they (governments) looked at individual power stations to understand and fix the problem, rather than the stations in context of the whole grid.)
30 minute program: explores the idea of using biology and ecology as models for finance and its activities.
That when a system grows to a certain level of complexity, a catastrophic drop-off becomes more likely, not less.
That it was the failure to understand the problem systemically, that made it more difficult to fix. (using analogy of power grid, they (governments) looked at individual power stations to understand and fix the problem, rather than the stations in context of the whole grid.)
