A biology lesson for bankers
Thanks to Jo Jordan for pointing out research on how biological systems such as the animal kingdom or the environment can offer lessons on how we might have predicted and controlled the behaviour of bankers and thus avoided the financial panic that has rocked our financial system to their core.
Image from EDUInReview.com
"There is common ground in analysing financial systems and ecosystems, especially in the need to identify conditions that dispose a system to be knocked from seeming stability into another, less happy state".
Read the original Nature Paper
Ecology for bankers in Nature Vol 451|21 February 2008
Read the Financial Times Article:
A lesson for bankers from the birds and the bees
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