The economy is explicitly not a model. It's just a set of rules. It works because it respects the fact that the system is too complex to be modeled.
-
-
-
I need to introduce you to some economists who haven’t heard this https://en.m.wikipedia.org/wiki/General_equilibrium_theory …
- 1 more reply
New conversation -
-
-
Yes. Inverting the question, what besides the economy better encapsulates and summarizes civilization? I don't see obvious candidates. The economy imperfecty encapsulates and summarizes each subdomain but for the most part it at least addresses almost everything.
-
The Leviathan metaphor, the Social Organism metaphor, Gaia... they're all qualitative rather than quantitative, but the quantitative side of the economy isn't particularly helpful for the engineering structure type modeling view I'm think of anyway
- 1 more reply
New conversation -
-
-
No, because it only knows how to model certain interactions and completely ignores everything it can’t model. Most labor is unpaid. It’s like modeling a galaxy without dark matter.
-
“Think of it,” I imagine a member of some more enlightened society saying someday. “They obsessed over a proxy for productive activity that recorded parenting as a null-value activity. Parenting!”
End of conversation
New conversation -
-
-
the economy is an emergent effect of smaller, simpler models portions can be understood and explained but this is akin to asking if day-to-day personal productivity is a good model for understanding health generally yes but many factors can be productive short-term but unhappy
-
better measure of societal health is new capabilities, e.g. innovation that leads to progress but progress can sometimes lag especially in periods of monopolies
End of conversation
New conversation -
-
-
No. It ignores all the ways humans connect that are not transactional.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
No, economy is generative not engineered. Engineered economies are an oxymoron.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.