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re: Chaos theory
Greg — (archived)

They are not my chaos theories, they are well documented in economics. The problem is you have no real idea of what you are talking about in terms of economic theory. You got these ideas from an Ayn Rand novel and now the whole world economy has to conform to them because they seem right to you. Unfortunately they are nonsense.

Chaotic systems canot be simplified, this is where you are wrong. You seem to think these bromides can explain explain how an economy works, but it's not true. Some forces in an economy cannot be explained simply just as you well know in aeronautics that turbulence cannot be explained simply.

Your answer to this in economics is like pretending turbulence and chaos don't exist because they don't fit your preconceptions. When these factors are ignored catastrophes occur which is why the economy is having problems.

Some things can't be dumbed down and simplified, they are innately too complex to analyse in the economy.

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