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To: Ilaine who wrote (18944)5/14/2002 1:47:32 PM
From: smolejv@gmx.net  Respond to of 74559
 
>>it tries to model the complexity of the real economy<<

Economy is MUCH more than a couple of differential equations. BUT, it's not white noise either. For me, it's the surface of an ocean, and we paddle around in our little life boats and wait for our big Kahuna. The math in the article could be a way to get at/filter out the unpredictable. Get the groove...

Thanks, CB. Lemme see, how it looks 6 months down the road with interest rates;

dj



To: Ilaine who wrote (18944)5/14/2002 4:10:47 PM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
...one more comment on your aussie ref: the predator-prey model has been extended with equations that involve capital investment and resulting debt creation. Fact is, the miracle of these days is (huge) debt creation in US for no apparent CapEx reasons. So we may be far away from the fatal attractor aka point of balance, but for reasons, that are outside the world, the author models.

Maybe 5.15T deficit may help;
dj

PS: I liked the ref to Marx (not the brothers' Marx, the other one;) Sound political economy to start with.