FolkWisdom

5 posts — Who understands the New Economy best? We suggest that the community of engineers intensely involved from the beginning developed a consistent worldview. But it was impossible for outsiders to understand, for it consisted of odd, even phantasmagorical observations akin to "Red Sky in Morning." A good portion of the early part of this story explains and then interprets this "Folk Wisdom." The big surprise is that our retelling of these odd aphorisms turns into unexpectedly orthodox theory.