Bank models are built on foundations of sand

Foundations of sand

david-rowe

“He was like a foolish man who built his house upon the sand; and the rain fell, and the floods came, the winds blew and beat against that house... and great was the fall thereof” (Matthew 7:26–27).

This year marks the fiftieth anniversary of the publication of Thomas Kuhn’s highly influential book The Structure of Scientific Revolutions. It argued that the popular view of science – developing through a slow, steady accumulation of small advances – only tells part of the story. Less frequent but

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