The “New” Science of Scarcity

The puzzle with the “development puzzle” is we’ve been asking the wrong questions. Or rather, asking questions in the wrong way. One of the largest innovations in engineering in the last century has been “fault tolerant engineering”; the idea of designing machines and products to minimize the potential mistakes humans may make. This innovation has been HUGE! Surprisingly this innovation has yet to take hold in policy making. We humans are incredibly apt to make mistakes. It is time we designed policies that anticipate the potential mistakes humans make, so that when people make these mistakes, it doesn’t hurt them (or kill them).

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