Archive for May 13th, 2009

Wednesday, May 13th, 2009

The Collapse of Complex Societies

Joseph Tainter’s The Collapse of Complex Societies epitomizes what I think has been a fundamental reason behind the decay of the economy. Tainter’s theory is that as societies become more complex, the costs of meeting new challenges increase, until there comes a point where extra resources devoted to meeting new challenges produce diminishing and negative […]

4 Comments » - Posted in Observations by