Econonmy

In: Social Issues

Submitted By ss2222
Words 4214
Pages 17
“The question we ask today is not whether our government is too big or too small, but whether it works, whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified.” – Barack Obama

The world is in economic crisis bringing upheaval throughout the planet. Experts disagree about the best ways to manage paths to stability and prosperity for global societies. The severity of the crisis pressures policy makers toward pragmatism, whatever their ideologies. The big question for every leader involves the effectiveness of their intended actions. Will those actions work? The issues before world leaders range from short-term economic recovery necessitated by the failure of capital markets, to long term survival of humans on the planet earth challenged by climate change and ecological systems, natural resources, and population growth. Potential consequences for world societies and civilizations are enormous.
World leaders need confidence that they can predict outcomes when they implement their plans. They cannot manage their policies without prediction. W. Edwards Deming tells us that management is prediction (Rienzo, 1993). How does the human mind find confidence in predictions? From where does confidence come?
Confidence comes from knowing the systems we are attempting to manage. The purest expressions of knowledge that we have as human beings are scientific laws. Scientific laws allow scientists to predict outcomes with certainty when they engineer physical structures, mechanical technologies, or chemical/biological reactions. Can political and business leaders use processes similar to the ones that produce scientific laws to address the most pressing issues of world societies? The perspective of physicist Nancy Cartwright offers some insight.
Truth is Relative Wherever it is Found
Scientific laws come as…...

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