Summary:
Efficiency versus resilience in effectiveness. For example, not all redundancy is inefficient. Think emergency brake. Maybe just-in-time delivery of inventory needs rethinking, especially in vital areas.Conversable EconomistPaul Romer: From Pin Factory to Chaos MonkeyTimothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Efficiency versus resilience in effectiveness. For example, not all redundancy is inefficient. Think emergency brake. Maybe just-in-time delivery of inventory needs rethinking, especially in vital areas.Conversable EconomistPaul Romer: From Pin Factory to Chaos MonkeyTimothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)
Mike Norman writes Corporate buybacks
Mike Norman writes Month end settlements
Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients
Conversable Economist
Paul Romer: From Pin Factory to Chaos Monkey
Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota