Stop Pretending that an Economy Can Be Controlled

We reproduce verbatim a very interesting article by Angel Gurría, OECD Secretary-General. All our blogs are original, with very minor exceptions. This is one of those exceptions. An exceptional article: “The recent financial crisis exposed some serious flaws in our economic thinking. It has highlighted the need to look at economic policy with more critical,…

The Principle of Fragility

The following equation, which we call the Principle of Fragility, has been coined by Ontonix in early 2005 and indicates why complexity management is a form of risk management: Complexity X Uncertainty = Fragility  In order to understand the Principle of Fragility let us borrow Fourier’s idea of variable separation and create a useful parallel.…