Niall Ferguson: An Evolutionary Approach to Financial History (via Catagenesis)
Monday, 10 January, 2011 Leave a comment
There is very little I can add to this (that I haven’t already said before on numerous occasions!):
…Ferguson references Schumpeter as well as other pioneering thinkers on the intersection of the natural world / evolutionary processes and the monetary/economic/financial worlds.
Those who recognize that markets & economies are complex systems, who also understand what complex systems are and how they work, are really the only people who are even getting close to an approximation of reality.