"The notion of the Economy has become so abstract that we cannot conceive of what it means for it to grow, shrink or stagnate - only follow programmed responses to each of these outcomes."They say:
"[Benjamin] Friedman makes a powerful argument that—-politically and sociologically-—modern societies are like bicycles. As we all know, the laws of physics (specifically the conservation of angular momentum) make a bicycle extremely stable as long as its wheels are spinning fast and it is moving forward rapidly, but extremely unstable as it slows to a halt."
Thanks to the Independent for providing inspiration for this format.