The experiment and adaptation can work more effectively than the prewritten prescriptions for conflict resolution manner. Economist Tim Harford bet to trial and error.
Can we eradicate poverty? Is there a way to defeat terrorism? According to economist Tim Harford, these and many other problems in the world today can be solved.
Author of books like The Undercover Economist and The Logic of Life, Harford, who is also a columnist for the Financial Times, says that resorting to experiment and adaptation may overcome the most varied conflict situations.
In his latest book, Adapt: why success always starts with failure, to be published in May, the author suggests how to resolve conflicts in the world today. Harford says to complex problems such as environmental degradation, can be interpreted by experiment and adaptation.
Economist explains that you should not go to plan or prewritten recipes. Not be based only on expert opinion much less pretend to be guided by a leader. "The complexity of the modern world forces us to resort to improvisation and apply the method of trial and error if it is intended to solve the problems in an effective way," he says.
Besides showcasing how complex and important global problems can be solved, Harford is bound to micro issues of order and argues that all decisions can be explained from the economy, primarily, from the theory of rational choice.
From his column in the Financial Times wryly responds to readers' personal problems, based on the latest economic theories. The even seemingly irrational daily actions (such as when a smoker lights one cigarette after another) are for this Oxford graduate, logical and rational. All our actions are based on the assessment of costs and benefits, where supply and demand, design strategies, planning and ongoing negotiations involved.
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