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Nuclear power and financial systems both have the capacity to blow up the world. Perhaps there are lessons from one for the other.
Ethics are about what to do when good behaviour and profitable business are not necessarily the same thing.
Financial economics, for half a century a showpiece in economic departments, is today struggling to maintain credibility in the face of the financial instability of the past two decades.
Humans have always found it hard to cope with the idea that every individual has a lifespan even as life itself goes on. The idea of a natural life cycle for a business, or industrial centre, is even more difficult to accept.
Goodhart suggested that any measure adopted as a target loses the information content that appeared to make it relevant. People change their behaviour to meet the target.
The argument that we need the best and latest is powerful in political decision making, even among people who would never behave that way in their everyday lives.