Saturday, October 11, 2008

end of the line for open system macro economics?

so here is my theory
most the macro-economics worked ok in a system that was to all intents
and purposes
infinite (in the sense of unbounded).

what has finally happened is that the expanding economics of US, Asia,
south america and europe finally coupled in a complete, bounded system

the bounds put completely different conditions (in the sense of
boudnary conditions) on the behaviour than in a system that expands -
basically ,you can get all sorts of oscillations from "reflections"
and so on...

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