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The discussion on ideas of scope and scale, the key pillars of two major revolutions of human history viz., agriculture and industrial revolution is indeed a discussion of the ongoing battle between these two revolutions.
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Albert may not have been able to draw on the resources of modern quantificational logic to formalise the two interpretations, but he clearly has some understanding of the idea of scope.
The ideas of scale and scope were however applied largely to industrial production systems at secondary level production.
And other ideas of narrower scope, like contingent convertible securities that can absorb losses without leading to default, are in the works.
The summary of the evolution and spread of the idea of economies of scale with some brief interjections by the ideas of economies of scope to mainstream discourse of economics during the last three centuries is shown in Fig. 1.
"We quickly realised some ideas were out of scope or maybe a little crazy, so eventually steered back and said look: we don't want to change the game that we felt was so successful.
Since industrial revolutions during the last three hundred years, there have been limited and short lived interjections on the ideas of economies of scope.
"Until we have some idea of the scope of the problem in the euro, we wont have idea about the scope of the problem for American banks," Bove said.
All of them, especially Straw, a former foreign secretary, must have had some idea of the scope of GCHQ and NSA operations.
A list of 15 "classic Naxos recordings," created to publicize the label's anniversary, gives an idea of the scope of its current releases.
Add some British-Indian blokery and some slapstick, and you will have some idea of the scope and charm of Desperately Seeking Paradise.
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Justyna Jupowicz-Kozak
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