Ecologists…helping to thwart the next banking crisis?

Making sense of the relationship between the individual and the system is one of science’s oldest challenges. What might be new to banking is well-studied in biology, for example. This prompted Bob May, ecologist and former government chief scientific adviser, to approach the governor of the Bank of England Mervyn King with an offer of help and advice. Could there be, he wondered, any parallels between banking and ecosystems?

The main idea here seems to be that banking systems would do well do mimic ecosystems, in which the diversity of species and stability tend to go hand in hand.  Read more at the Guardian (link below).

via Scientists of the Subprime: Can biologists avert another banking crisis? | Ehsan Masood | Science |


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