Venkatesh Rao@vgr·Oct 6, 2014I've concluded that microeconomics is over-determined (outcomes are inevitable) but macroeconomics is under-determined (it's an open game).13
Venkatesh Rao@vgrReplying to @brenpdx@brenpdx that's exactly the right question :) the answer is: > median time constant for typical technologies to reach path-independent state8:20 PM · Oct 6, 2014