It turns out that I wrote two versions of the piece on the financial crisis I posted earlier. The other version, which you’ll find posted here, says basically the same thing but contains the following comment which now haunts me. I had written:
“Unfortunately, most economists appear to have little understanding of system design. (When I [...]
I wrote the piece below some ten years ago, during the height of the Asian financial crisis. Because of its relevance to the current global crisis, I’m posting the piece here.
Globalization: poor design?
by Roberto Verzola
Most successful designers of complex systems follow basic rules of design.
Whether it is a spaceship that will land men on the [...]
