The Price of Fish: A New Approach to Wicked Economics and Better Decisions
- 5h 10m
- Ian Harris, Michael Mainelli
- Nicholas Brealey Publishing
- 2011
Now, more than at any other time in our history, the world is faced with a series of vicious and apparently insurmountable difficulties, chief among them unstable financial markets, rapidly diminishing resources and an eco-system that is becoming dangerously volatile. In The Price of Fish Michael Mainelli and Ian Harris examine in a unique way the world's most abiding and wicked problems sustainability, global warming, over-fishing, overpopulation, the pensions crisis; all of which are characterized by a set of messy, circular, aggressive and peculiarly long-term problems and go on to suggest that it is not the circumstances that are too complex, but our way of reading them that is too simple. Too simple and often wrong. Looking to the models developed by quantum physicists, the authors aim to blend four streams choice, economics, systems and evolution in a combination they believe is the key to making better decisions and, in turn, finding answers to the world's most pernicious problems. Transactional commerce buying and selling is only a small part of the real world of commerce in the larger sense of the word. This book goes beyond economics alone to look at real commerce, and the ways complex interactions adapt and change over time: the price of fish, for instance, cannot be right when we have over-fishing, hunger and ruined seas. Just as physicists strive towards a unifying theory that makes sense of the universe as it actually is, Mainelli and Harris are taking steps towards understanding the knotty world we live in, not a simple exercise in chess-players logic but an approach which addresses the complex, the cyclical, the hostile and the protracted helping communities large and small to make better decisions. If we’re ever going to solve the unsolvable, the first steps start here.
About the Authors
Educated at Harvard, Michael Mainelli is Commerce Professor Emeritus and Fellow at Gresham College (founding home of the Royal Society and former home to Christopher Wren). He is also Visiting Professor at LSE and was responsible for creating the London Accord the world s leading research cooperative into environmental, social and governance investment. He is the co-founder of Z/Yen, the City of London s leading commercial think-tank established in 1994 to promote societal advance through better finance and technology. Over the course of his career, he has worked in economics, political science, seismology, cartography, energy information, research and development, in defence and at the highest level of accountancy.
Ian Harris is a co-founder of Z/Yen, having previously conceived and launched the award-winning joint venture Charity Share and guided the Marine Stewardship Council towards a Best Practice award for its strategic planning and governance, as well as working to solve other problems of long-term thinking in charities and other non-governmental organizations.
In this Book
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The Price of Fish—A New Approach to Wicked Economics and Better Decisions
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Making Sense of the Way the World Really Works
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How Decisions Get Made When You Have Too Much Choice
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Beyond Price: Trust and Ethics
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Choosing To Steal the Family Silver
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Goldilocks Government and the Markets
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Network Economics: Local, Global, or Social
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The Perverse and the Reverse: Measures and Forecasts
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Perceptions Rather Than Rules: Perfectly Unpredictable Market (Mis)Behaviors
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Finance in Motion or Evaporation? Volatility and Liquidity
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It’s A Mad, Bad, Wonderful World: Commercial Diversity
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Enclosures of the Mind: Innovation and Competitive Selection
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Is the Party Over? Save the World
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Sustainable Hopes: A Real Commercial Break
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Notes
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