Complexity has a cost — in physical energy, administrative friction and other forms. At first, increases in complexity seem affordable and even useful. Eventually, however, a law of diminishing marginal returns on complexity sets in, and the costs, while difficult to see, become harder to bear. If such a complex society is then buffeted by external or internal shocks, it can collapse. The shocks have typically included droughts, famines, plagues, migrations, rebellions, civil wars and invasions
Complexity has a cost — in physical energy, administrative friction and other forms. At first, increases in complexity seem affordable and even useful. Eventually, however, a law of diminishing marginal returns on complexity sets in, and the costs, while difficult to see, become harder to bear. If such a complex society is then buffeted by external or internal shocks, it can collapse. The shocks have typically included droughts, famines, plagues, migrations, rebellions, civil wars and invasions Complexity has a cost — in physical energy, administrative friction and other forms. At first, increases in complexity seem affordable and even useful. Eventually, however, a law of diminishing marginal returns on complexity sets in, and the costs, while difficult to see, become harder to bear. If such a complex society is then buffeted by external or internal shocks, it can collapse. The shocks have typically included droughts, famines, plagues, migrations, rebellions, civil wars and invasions Moneycontrol Latest News Read More
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