From: John Conover <john@email.johncon.com>
Subject: Additions to Quantitative Analysis of Non-Linear High Entropy Economic Systems
Date: 26 May 2004 08:16:19 -0000
I added a couple of things to the Quantitative Analysis of Non-Linear
High Entropy Economic Systems series:
The distribution of wealth in the US now includes a general
analysis of the effect of taxes and governmental inefficiencies,
(because I was tired of answering questions about why raising
taxes increases the GDP, empirically, in contradiction to the
prevailing wisdom):
http://www.johncon.com/john/correspondence/020217114704.27107.html#example-wealth
And, an appendix on the probabilities of the outcomes of war,
(because I was tired of answering questions on the short/long
probabilities of the prevailing politics and election):
href="http://www.johncon.com/john/correspondence/020508170137.5425.html#appendixIV
John
BTW, Kenneth Arrow's so called "Impossibility Theorem" (Nobel in
Economics/Game Theory in the 50's-its the general welfare problem,)
says that for three or more institutions that must share resources,
there exists no formal process by which priorities can be ranked.
Attempting to do so will always end up, eventually, in an economic
plurality, (an example of an economic plurality is that some think
everyone should read Catcher in the Rye-and others think that no one
should; there is no common ground for compromise.) An unstable
situation, similar to the institutions of Iraq.
--
John Conover, john@email.johncon.com, http://www.johncon.com/