Monday, August 30, 2010

Mea Culpa

My errors:
1) I am sign dyslexic  more often than not, generally getting up and down; deflation and inflation mixed.
2) I originally thought of the Banking system as too slow to adapt, but then recovered the idea that banking has to be the fast adapter to do its job.
3) I neglected the connection between rational expectations and maximum entropy distribution networks.
4) Failed early on to see the close collaboration between Samuelson and Gibbs.

What I got right.
I knew that the sudden change, or reset, of the economy implied that measurement uncertainty is a fixed constant in the economy, leading right away to a Quantum Mechanical formulation.

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