Exploring Interdisciplinarity

For their last blog in my Network Economy Class, I asked the students to pretend that they were grandparents who–having lived to a ripe old age–had witnessed everything from the depression era to the present. Imagine, I said, that your grandchild, age 20, comes to you asking for advice about how to best prepare for the future. Having done all the readings for the network economy class, and having participated intensely in all of the discussions, what might you advise? Here are some excerpts from the students’ blogs.

Here are some excerpts from what students’ blogs.

According to Corinna Wu,

always prepare an alternative/alternatives for your goal, either for the sake of a fall back plan, or just for insurance, because nothing is certain, even if you are on top of your game. Be humble, and listen to all outlets, do not close any doors.

Jimalyn Yao might agree. Sitting around the kitchen table with her grandchild–a familiar occurrence in her household–she would emphasize that our deep involvement in our environment does not necessarily imply that we have a deep individual affect on it. Citing Beinhocker, she says:

economics truly is an evolutionary process, and by that same token, it rides the tide of collective change, and not specific ones.

Sherri Berman assumes that by the time she reaches 90 or so, she will be nostalgic for the good old days when life was simple. She would tell her grandchild: 1) Be multifaceted; 2) Be flexible; 3) Do NOT live in a vacuum!

Christina Politi wants her grandchild to think big and to move forward notwithstanding the vicissitudes of changing times and complexity.

Emily Zwelzer would serve her wisdom up with tea and crumpets, saying:

Think of the fitness landscape as the yellow brick road in mythical Oz, adapting to the bumps, and terrain of this path will allow you to survive in uncertainty. The road will undergo phase transitions, sometime perilous (as in time of economic crisis, war, or crisis) but as long as you change along with it you will not be left behind.

Mark Wenger would employ the phrase, Whatever will be, will be. As he says:

This phrase accomplishes two very helpful things: 1) identifies that the larger fitness landscape is beyond your individual control .. and 2) that you do the best given the circumstances you are in. . . its straight out of Beinhocker’s evolutionary economics.

Matthew Tyrrell’s advice is to be true to oneself. As he says:

Find strength in your imagination; it’s what makes you special. Look for the good in people. Put value in relationships. Listen to those who disagree with you. Find what you stand for and stand in it; be the structural hole. The world changes at a constant rate but we need energy (in the form of love, heat and food) that will remain the same.

Jake Landis would caution his grandchildren against a belief in equilibrium, noting that:

Equilibrium is true for baseball players hitting above average, and umbrella sales when its raining, but the human element is unpredictable. Evolution is about surviving challenges and adapting, not returning to the center.

What about reading Erik Beinhocker? Will his book, The Creation of Wealth be out of date? Not according to Rebecca Jacob who drew upon a case, which occurred decades ago–the Soviet Union 5-year manufacturing plan that produced shoes no one wanted. She advised:

Prepare for uncertainty and risk. This might seem counterintuitive, [as] a step by step plan for the future may appear the better thing to do. But what if the future doesn’t fit the plan, as is so often the case?

In her blog, Hope for the Best, Prepare for the Worst, and Expect the Unexpected, Lauren Alfry cited her own grandfather’s advice. He was a taciturn man, so when he spoke it had all the more impact. As he advised Lauren:

Success is where preparation and opportunity meet!

Many students have been affected by the recent economic crisis, and what it bodes for the future. According to one, achieving success in the future will require challenging conventional views, especially the advice and analysis of pundits, equity analysts, and popular economists. Juliette Arnaud, who brings a French skepticism to her writings, might agree. As she urged:

Evolution does not always mean progress. Embrace it! As [her] great grand-father used to say: life is unfair.

NEED I SAY MORE? Imagine how my students might affect the fitness landscape.

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