Not seen TRIZ before. I can see why the references to it that I did come across (more below) don’t bother to explain the “romantic Russian acronym“. Just follow the Wikipedia link if you must know.
It’s a diagramming notation (now even annotation / mark-up) and a methodology for describing and finding innovative solutions to problem situations, and it seems to have got visibility in the modern BPM world (Business Process Modelling) having orginated with Genrich Altshuller in 1946 in the Soviet Union in connection with invention, innovation and creativity. (Given my history and interests, suprised I’ve not come across it … you live and learn, never too late, etc … I wonder if it’s any good ? I shall download and play with it, and find out.)
Anyway, I came across its evolution and exploitation in SouthBeach Notation. Which in turn I had come across in a comment (an unashamed plug) in Robert Peston’s Picks on the subject of how concerted global governmental intervention was needed as a “circuit-breaker” as a brake against the “Minsky moment” when markets flee from capital in a self-fulfilling spiral. (BTW making these kinds of connections is precisely what blogging is about, it is never a substitute for jounalism, just an alternative – linkable – medium.)
I was in fact about to blog a link to this role of public intervention in otherwise free markets, into a free-markets discussion in another place ….. This is of course one reason why a share of private-profits must be used to fund public-losses in a “free” market that is to be tolerated in a public environment.
On that original subject …. the financial crisis … interesting that other comments (on Peston’s blog and on MoQ Discuss) recognize that the falling numbers themselves are not really the issue … markets go down as well as up, we are often reminded …. and taking a holiday is as good a break / brake as anything. Roll on real pramatists.