Tuesday, 29 October 2013
"The Economics of "Emergence Theory" (esp. re: sustainability)"
My regular readers may be wondering precisely what it is I'm talking about when I refer to "Emergence Theory" and it's applications (esp. to economics). Do I mean what have become known as "Emerging Economies" for instance? The answer is no at least not in the conventional sense whereby "emerging economy" is simply another term for the "apparent" economic growth of a formerly less/un-developed nation or region. The concept to which I refer is however nearly as simple, basically it is this; that in order to "balance the books" between the "old" non-renewable economies of agriculture and industry and the "new" (really!!?), sustainable resource base it will be necessary to ensure that any impact on the sustainable resource base caused by the exploitation of the "old" non-renewable resources be ameliorated by direct investment (both by taxation and philanthropy), commensurate with and directly proportional to the financial impact on the sustainable resource base of such exploitation. It is very important to realise however that the "equations" which describe this process are not "static" (and that they are infact essentially dynamic), the object being a zero-sum conclusion in terms of the "old" paradigm non-renewable economy. For a visual representation of "emergence theory" (and to find out more about the "prodigious" talent of he who first described the process in such form go to: http://easyweb.easynet.co.uk/~sfoster/ ).