financial model. Because the climate model is a model of a physical system. Well, it's a model of a physical system. And the institutional structures that we have constructed in relationship to this model are not ones that activate this model as an instrument of governance. It is merely a representation of a possibility. Many financial models, for example, it's a descriptive model as opposed to a prescriptive one. It's a descriptive model as opposed to a recursive one. Is it as opposed to a recursive one? So many financial models are recursive in ways that climate models are not, in that financial models can in fact cause the thing to happen that they are modeling. Donald McKenzie's book, An Engine, Not a Camera on the History of Sock Exchanges, kind of towards this. So that's the second part of your point, where there's a problem or crisis, if you like. There's this mismatch between we have this tremendous technological capacity to produce models of the world and this tiny little (38/42)
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