Institutional Failure as Surprise | Samo Burja
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Institutional Failure as Surprise | Samo Burja
Pressure on the technocracy will build. America is heading toward an institutional crisis in which the competence of the technocracy and the institutions of the federal government will be questioned.
we present the following Functional Indeterminacy Theorem (F.I.T.): IN COMPLEX SYSTEMS, MALFUNCTION AND EVEN TOTAL NON-FUNCTION MAY NOT BE DETECTABLE FOR LONG PERIODS, IF EVER
Advanced economies have no divine right to grow at Great Moderation rates: Japan’s, which grew at 5 percent annually during the 1980s, has grown by barely one percent per year since then.43 This may be one reason why forecasters and policy makers were taken so much by surprise by the depth of the 2007 recession. Not only were they failing to accoun
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