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Kenneth Cukier
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“The economy resembles more a complex, adaptive organism that responds to changes than a slab of iron that has predictable properties of density or the diffusion of heat.”
― Framers: Human Advantage in an Age of Technology and Turmoil
― Framers: Human Advantage in an Age of Technology and Turmoil
“In complex organisms, reactions to perceived causes are not always hard-coded. A dog can learn that if it gives its paw, it receives a treat. So, predicting a treat, it will offer to give its paw. The perceived causal link between the paw and the treat influences the dog’s behavior; it shapes its decisions to act. Humans extract causal connections from experiences too; we do it all the time without much thought.”
― Framers: Human Advantage in an Age of Technology and Turmoil
― Framers: Human Advantage in an Age of Technology and Turmoil
“For example, until the mid-2010s many senior executives in traditional companies cackled that Amazon’s business still showed no profits. They felt it was a low-margin activity propped up by a hyperinflated share price. And within their traditional way of understanding corporate performance, they were right. But seen through a different frame, they were utterly wrong. Jeff Bezos had reframed the idea of commercial growth, away from producing annual returns for shareholders (and handing about a third of the profits to governments in the form of tax) and toward reinvesting every penny of net income to establish adjacent business lines, from Kindle books to cloud services. People see it plain as day in hindsight, but the new frame was incomprehensible to many in the moment.”
― Framers: Human Advantage in an Age of Technology and Turmoil
― Framers: Human Advantage in an Age of Technology and Turmoil
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