A few interesting articles I recently came across…
This from Forbes, about lessons of entrepreneurship from the study of complex systems.
[T]he environment, the human brain, the economy, and other complex systems have much in common:
Order in them emerges not from top-down command and control but bottom-up from the interactions of large numbers of interconnected elements. These elements may be individual species creating sustainable ecosystems; neurons creating thought patterns; or buyers and sellers creating business cycles and wage and price levels.
Those interconnected elements also form feedback loops that can produce unpredictable and often extreme results (e.g., peacocks’ tails, fads, best-sellers, cancer).
Diversity tends to grow with the number of combinations of elements, that is, exponentially with the number of elements (e.g., the Cambrian explosion and the Industrial Revolution). Diversity tends to enhance robustness (e.g., genetically similar crops are more vulnerable to parasites; identical PC operating systems, to viruses).
Unintended consequences arise if you try to control such systems top down (e.g., drug wars foster organized crime; draining of wetlands cause flash floods and droughts; rent control reduces the quantity and quality of housing and thus may drive up rents).
The systems are dynamic and never at equilibrium.
The article goes on to list six things entrepreneurs can learn from these principles of complex systems. It’s worth a look. If you want to learn more about complex systems, this video is a good place to start.
So if the economy is a complex system that cannot be predicted or planned from the top down, what does that mean for the tradition institutions of higher education? This post discusses how the creative destruction of the market is changing the game.
Modern colleges and universities have collectively become a rent-seeking cartel, an alliance of nominally competitive institutions that maintains a highly profitable monopoly of accreditation.
Developments in education and information media have always impacted each other. Below is a brief review of the history of each for the past 2,500 years. The aim is to open minds as to how the asymptotic expansion of the information media technology known as the Internet is expanding education beyond its previous boundaries.
Things are changing. Get out ahead of the changes and reap the ‘first-mover’ rewards!