Nature is the only system that has been stamped robust by time. Once we recognize businesses are living systems and not machines, as ecosystem designers of any stripe be it corporate leader or parent, we are faced with the most important question of all: When to intervene?
We in the West tend to take a proactive stance. We have a bias to action. We take the initiative. We seek to control the situation. This has hidden costs. One is that we are all overstimulated — which manifests in high blood pressure and a myriad of stress-related illnesses. These are side effects of an overactive stance. But there are more direct costs, too.
is the medical term for harm from intervention or death by treatment. It is the third leading cause of death in America. Treatment kills more people every year in the United States than any single cancer. This would make health care a pretty slow-learning field, as they have had the Hippocratic oath
(First Do No Harm) for 24 centuries. But health care at least recognizes the notion of harm from treatment. As Nassim Taleb has pointed out, politics and economics have no such term.
In the inaugural issue of design4emergence, biologist Rolf Muertter asked, “Read more
There is new light for the dismal science. Economics as a social science is concerned with the foundational factors underlying the production, distribution, and consumption of goods and services. And over the last century the application of economic analysis has spread and is seen across a diverse fields (business, finance, health care, government) and subjects (war, crime, education, law, politics, religion, social institutions, science, environment). Economics has become one of the most complex of fields to study and understand. But instead of growing more dismal, there is new light. Network scientists are providing old fields like economics with new ways to look at and understand these complex, networked systems. All too often, those furthest from the core discipline of a problem are most likely to provide an innovative solution.
In the words of MIT scientist César Hidalgo
, economics is a relatively ephemeral subject, resting on deep roots in a process that goes back to the foundations of energy and matter and information.
And in viewing the economy in such primal terms, he concludes that the factors that drive resilience and innovation in nature’s networks or ecosystems — namely diversity — should likewise be predictive of an economy’s resilience, innovation, and ability to grow.
Traditional economic measures fail to capture the kind of diversity that drives growth. Identifying factors of production such a... Read more