We all use models in daily life to explain our environment. An example: I assume that a tree will grow provided it has sufficient water, nutrients and sun. I am using a simple model here, without understanding the nitty-gritty – what exactly happens in the roots, stem, leaves and cells. Thinking in models is not only useful to understand our world, but also to solve problems. Let’s assum...
Day after day the media, at least the German ones, reveal new allegations against Volkswagen. Now that the scandal around the manipulated testing software for diesel emissions is widening, many fear that the current crisis will hit the company and the German automotive industry so badly that it will affect the whole German economy. This is no wonder, considering the widespread belief - also rei...
Europe is exhausted. It is exhausted after long years of what is labeled as the Eurozone crisis. It is exhausted after years of economic success and – now – prolonged years of political failure. Every single attempt of deepening the political union of Europe after the enactment of the Maastricht Treaty in 1993 and the [...]
