Jeffrey Sachs on Judge Napolitano's Talk Show
My comment:
See Clara Mattei on Institutions and Economics.
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My comment:
If you only look at capital flows then you will never be able to find any solution to the problems. You have to look at material and energy flows and at the web of dependencies they create and then at how that web would look in a properly functioning (i.e. sustainable) economy. A very important part of this analysis is information, knowledge and the necessary human skills to realise any industry. Economists try to understand all this by abstracting all the details away and then end up talking absolute nonsense about value as if it is measured in US dollars.
We need to build stable systems with convergent dynamics. See Jenann Ismael - Laplace meets Godel: How Self reference Foils Prediction.
See Frederic Schuller on Metric and Topological Spaces and Tensor Fields and Simplicial Complexes.
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