by Summary:
Reinventing Economics with System Dynamics.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Reinventing Economics with System Dynamics.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Reinventing Economics with System Dynamics. |
I think the foundation of system dynamics for economics is radically better than the algebraic system currently used. Keen’s insight, that economics should be a systems science has already proven itself out with his prediction of the 2008 financial crisis.
Totally agree with Steven.
I remember asking a econometrics lecturer about the recent theories of Non Linear Systems (cplx systems) and getting a blank face. I was treated as a heretic for asking basic questions ⁉️ such as what were the empical studies or evidence ???
Felt more like a theology class.
Driving a car via the rear view mirror. Car crashes ? They called it a science but being an engineer I knew an ology by the manner it approached questions.
In the last few years bio mimicry is very ? interesting. Plants can't relocate so how do they optimize resource allocation ????