The risks associated with climate change, biodiversity loss, and our responses to those problems are poorly understood, because there are no historical comparisons. LONDON – The statistician Nassim Nicholas Taleb coined the term “black swan” to describe improbable, hard-to-predict events that can have a massive impact on the economy. The appearance of green swans is […]
As one of the world’s leading exporters of natural gas, Norway faces a unique challenge in a world that is increasingly moving away from fossil fuels. But as more countries embrace this route to future prosperity, the value of fossil-fuel assets, technologies, and capabilities will diminish, threatening jobs, export revenues, and industrial innovation in petroleum-dominated […]
CAMBRIDGE – What is money? Some have described it as a shared fiction, or as a form of collective memory. These technologies all facilitate the creation, transfer, and destruction of value, and each works only because a group of participants – a “tribe” – has reached a fundamental agreement about what holds monetary value. A […]