Problem Solving: Complexity, History, Sustainability By Joseph Tainter

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Problem Solving: Complexity, History, Sustainability By Joseph Tainter

Problem Solving: Complexity, History, Sustainability By Joseph TainterSustainability or collapse follow from the success or failure of problem-solving institutions. The factors that lead to long-term success or failure in problem solving have received little attention, so that this fundamental activity is poorly understood. The capacity of institutions to solve problems changes over time, suggesting that a science of problem solving, and thus a science of sustainability, must be historical. Complexity is a primary problem-solving strategy, which is often successful in the short-term, but cumulatively may become detrimental to sustainability. Historical case studies illustrate different outcomes to long-term development of complexity in problem solving. These cases clarify future options for contemporary societies: collapse, simplification, or increasing complexity based on increasing energy subsidies.

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H/T: Value Investing World

SALT New York: Canyon, Mudrick, Fortress And Sculptor On Finding Distressed Value

At the 2021 SALT New York conference, which was held earlier this week, one of the panels on the main stage discussed the best macro shifts coming out of the pandemic and investing in value amid distress. The panel featured: Todd Lemkin, the chief investment officer of Canyon Partners; Peter Wallach, the managing director and Read More

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