A Different Way Of Comparing Canada & America

Since I’ve come back to Canada, I find myself continually (even subconsciously) comparing it with the US. I’ve noticed that while Canada is roughly 1/10th the size of the States, it feels like it’s way less complicated (and sophisticated). This also worries me, as I wonder how we’ll continue to compete in a more networked,… Continue reading A Different Way Of Comparing Canada & America

Cascading to Failure

So, unless you live under a rock, you heard that yesterday, at 2:45 pm, the stock market dropped like a rock: We don’t know why this yet happened, but there are two likely culprits – and neither should make you happy. The first hypothesis is that this mini-crash was caused by ‘fat fingers’ – an… Continue reading Cascading to Failure

How We Got Here

Two recent articles I read have me thinking about path dependence.  For those who don’t know, path dependence basically means that we (either individuals or institutions) are the sum of historical experiences – history matters.  A corollary is that small events can build up over time to have large historical impacts (read the Wikipedia entry… Continue reading How We Got Here