BIONOMICS: Economy As Ecosystem/ by Michael Rothschild

Book XIII

Today's mainstream economics uses a mechanical metaphor to explain the economy. According to these theories we should monitor it and repair it when necessary. Bionomics uses a biological metaphor. The economy is like a rain forest not a clock. It evolves in a complex network of interactions that cannot be predicted or controlled. You can't fix it like a clock, but you can destroy it like a rain forest.