No, I'm not suggesting that when a recession hits, you should go out and invest in squid fisheries. (But I'm not not saying that. I'm--oh, forget it.) Rather, in the words of my PhD advisor William Gilly:
Making good from bad is something that we need to learn more about, and perhaps economics theorists can learn from the strategies of the Humboldt squid.
In his latest blog post at Scientific American, Gilly tells a very curious story about how Humboldt squid in the Gulf of California responded to an "ecological recession," and how they're recovering.
Although squid don't have the internet, they do appear to have a set of remarkable strategies for dealing with the uncertainties associated with a developing El Niño and impending collapse.
For further reading, check out the rest of Gilly's blog posts about his travels in the Gulf!
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