The Moral Economy of Tech

Re:The Moral Economy of Tech by gshubert17 on Tuesday June 28, 2016 @04:23PM (#11997221)

It is certainly impossible to create realistic models of the economy, if one's economics is based on assumptions of linearity and equilibrium. Mark Buchanan's book _Forecast_ [0] makes the case for more realistic models, using techniques from the natural sciences, that would have better predictive value.

[0] https://www.amazon.com/Forecast-Physics-Meteorology-Sciences...

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Re:The Moral Economy of Tech by xyience on Wednesday June 29, 2016 @04:23PM (#12004533)

Is he rich from his superior models?

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Re:The Moral Economy of Tech by gshubert17 on Wednesday July 06, 2016 @01:01PM (#12044395)

Good question. The book's blurb says he is a science writer; I don't know how rich he is.

I guess it's easier to point out the flaws in linear, equilibrium models, and to point to better results in, say, meteorology, from using better models based on different assumptions, than it is to construct and validate completely new economic models.

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