50. Metaphors and economy
April 13, 2009 § Leave a comment
Aristotle wrote that we can have growth without development, and development without growth. The ambiguities are worth investigating. Take Scrabble. the pattern grows and develops throughout the game. But that is if we look only at the board. Looked at larger, as the game goes on there are diminishing resources till the system ends. The economy is like this, as economists think about it, noting growth and development but failing to notice the impact on resources (the not yet used letters).
There are other subtleties that haunt scrabble players: the loss of potential in the actual choice of letter deployment. What I could have done with …!