If you consider what an economy consists of — organizations, laws, markets, banking systems, and so on — you realize that human beings have created an enormous system of means or arrangements to meet our needs. And then when you look closely at all of these arrangements, which have become enormously complicated, incredibly interlinked, hyper-communicative, and very much dependent on each other, you realize that they are made up of a huge panoply of technologies. I find this actually quite marvelous — that one of our primary accomplishments as human beings is to get ourselves organized to meet our needs, and we’ve done it in a brilliant way that’s evolved over centuries.
From this fascinating Booz & co interview with economist W. Brian Arthur.
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