I've concluded that microeconomics is over-determined (outcomes are inevitable) but macroeconomics is under-determined (it's an open game).
@brenpdx that's exactly the right question :) the answer is: > median time constant for typical technologies to reach path-independent state
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@vgr a diffusion problem, and the time constant is proportional to the relative siE of the two domains. Hmm. Interesting. Any examples? -
@brenpdx yes, there's another inequality in the picture, concerning politics, but can't get into it on now :) You're going down right path
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@vgr I suspect you need another inequality. Over sufficiently long times micro and macro are indistinguishable.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr this is tricky: I cannot really agree, as it fails at the upper bound, but am not sure of a better answer. It seems to look like...Thanks. Twitter will use this to make your timeline better. UndoUndo
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