Sublime

publicly visible.

Nature normally hates power laws. In ordinary systems all quantities follow bell curves, and correlations decay rapidly, obeying exponential laws. But all that changes if the system is forced to undergo a phase transition. Then power laws emerge—nature’s unmistakable sign that chaos is departing in favor of order.

Any view of financial systems must recognize that they are ecosystems, linking agents, stocks, and flows. Just as an ecosystem ecologist is focused on the cycling of crucial elements like carbon, nitrogen, and phosphorus, so too might a “financial ecologist” focus on the sustainable cycling of crucial elements like capital, labor, and financial inn

Nature follows itself; science is our remarkable but imperfect attempt to explain it. Quantification is exact not unto reality, but unto itself.

Durability