Lotus Effect

Original obtained from the Tyee

The year 2009 will witness a tsunami of appeals to economists to fix, as disgraced Federal Reserve chairman Alan Greenspan put it, the “flaw” in their thinking. Most will get it wrong.

The proposals for bailouts, regulations and government spending sprees all share one tragic flaw: they assume no physical or biological limits to human growth. Most economists cling to an 18th century mechanical universe that conjured an “invisible hand” of God, that would allegedly convert private greed into public utopia…..

Please see more at the Tyee

The other article in the series i’d recommend is on Neuromarketing

Also in the New Ideas for the New Year, 2009 series

• Idea #1: Slow Towns
• Idea #2: Voter-funded Media
• Idea #3: Embrace the Mediocrity Principle
• Idea #4 New Ways to Warm Your Bum
• Idea #5: Beware of Neuromarketing
• Idea #6: Phase out Fishermen
• Idea #7: Create a Ward System for Vancouver
• Idea #8: Twitter the News
• Idea #9: Progressive Populism
• about the New Ideas for the New Year, 2009 series