“A man cannot step into the same river twice, for it is not the same river and he is not the same man.”

Heraclitus of Ephesus

Looking in to the future is fraught with problems, both methodologically and practically. Unlike Prometheus, we do not possess the gift — or the curse — of foresight; we must work it out the hard way. Prospective analysis, or prognostication, is part art and part science, part history and part stochastic analysis. Either way, it must be projective, imaginative, disciplined and contingent. Above all, it must be interpretive. The path before us is not literally a path.

Prospective analysis must be

The difficulty lies not in accepting the new ideas but in escaping the old ones.

J.M. Keynes, (1936) Preface to The General Theory

Plus ca change, plus c’est la meme chose.

Alphonse Karr (1862) In the journal Les Guepes.

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