E.F. Shumacher on Complexity
E.F Schumacher has a great book I’ve been exploring: Small is Beautiful: Economics as if People Mattered.
To be completely honest, the reason I stumbled upon Schumacher is due to the title of his book–I got a chuckle when I read it.
You can read about the old-school economist on wikipedia, but the quick summary on Schumacher is that he was an influencer economist in the UK and a protege of John Maynard Keynes.
Schumacher has some fun insights on complexity:
All changes in a complex mechanism involve some risk and should be undertaken only after careful study of all the facts available.
And my favorite quote:
Any third-rate engineer or researcher can increase complexity; but it takes a certain flair of real insight to make things simple again.
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