Dear FIS colleagues, Some aspects of the current financial crisis might be related to discussions we had in this list on information and the nature of economic flows years ago ("economic networks", and also, central aspects of ecological "ascendancy").
The amazing growth of financial assets of many kinds during last decade may have conduced finally to a brutal crisis like the current one, not just for "greed" or political lack of control, but also for dearth of scientific understanding. I would argue that: 1. Financial flows are "anticipatory" information flows that preclude the structural changes and the evolution to follow by real economic structures. 2. Without financial anticipation, economic changes could not keep pace with technology & science progress due to the "viscosity" of social and legal webs of relationships. 3. The creation of successive informational (financial) layers becomes an exercise in complexity accumulation, that almost inexorably leads to cross instability thresholds and a general loss resilience. 4. Though the financial info is a sort of virtual builder, a potential energy of sorts, it has to suffer "closure" upon the real economy; then its excessive flows in out from some sector (eg, housing in some strategic countries), amplified in the global complexity, have now potential to destabilize the whole financial layers and bring the real economy to havoc. 5. Economy is an informational systems, in crucial aspects, not well explained yet... advancing an "info economics" would be quite timely. Would it be interesting to argue on some of these very roughly penned aspects (while our pockets get emptier and emptier)? best Pedro PS. The recent track on foundations of art is still worth of some further comment... ------------------------------------------------ Pedro C. Marijuán Grupo de Bioinformación Instituto Aragonés de Ciencias de la Salud Avda. Gómez Laguna, 25, Pl. 11ª 50.009 Zaragoza. España Telf.: 34 976 71 3526 Fax: 34 976 71 5554 [EMAIL PROTECTED] ------------------------------------------------ _______________________________________________ fis mailing list fis@listas.unizar.es https://webmail.unizar.es/cgi-bin/mailman/listinfo/fis