Steve Randy Waldman
@interfluidity.com

the abstract looks great! i look forward to reading it. ignoring externalities of resilience (or insurance, or option value) along with “metacapacity” (know-how, tacit knowledge, agglomeration effects) has left us making pretty catastrophic errors on perfectly orthodox grounds.

in reply to this
Steve Randy Waldman
@interfluidity.com

(except the orthodox prefer not to see externalities, even if they must concede that hypothetically they might exist!)

in reply to self