Nonlinear-Systems – A MarketPlace of Ideas

Economist and Economic Modeller Steve Keen showing instability inherent in high debt economies

Steve Keen talks about instability inherent in high debt economies. He does this while modeling economies on a computer and demonstrating the oscillations. Video Notes I have seen this kind of stability analysis applied before. It is valid for circuits and system functions – I would posit it is valid Read more…

By Fudgy McFarlen, 16 yearsAugust 24, 2009 ago

Economics

Nonlinear Modes of Economic System Behavior

You want to use mathematics of some type to model behavior of the economy. How to do this? A model uses carefully simplified descriptions of systems to attempt to predict the future. What the economic system is? I propose a herd of cattle. Why? generally travels in groups – behavior is Read more…

By Fudgy McFarlen, 17 yearsNovember 10, 2008 ago