Jun
11th
Thu
11th
Make the system the unit of analysis. You can’t assess the behavior and performance of a specific agent—for example, a financial-services company—without gauging the behavior and performance of the system in which it is embedded. Proponents of a systemic financial regulator that would span multiple subsectors and geographies are making a similar argument.
Reminds me of an excellent book that I am reading, “The Social Atom”, where Mark Buchanan argues that it is easier to see patterns driven by human social nature rather than the complexity of the individuals.
