Haute Lumière

Search

Every published page in the house, and every book on the shelf — 393 volumes and 44,688 passages of it — and every result is a passage that opens where it was written.

2 passages from 1 volume

The House The economy is not a machine, and that is why the forecasts keep missing Emergence is what a system does that no member intended and no member could have done alone. The House The economy is not a machine, and that is why the forecasts keep missing Economies are not badly predicted because the models are crude. They are badly predicted because prediction is the wrong ambition for a system whose most consequential behaviours — booms, crashes, clusters, whole industries appearing where none existed — are things it does to itself rather than things done to it.