Sunday, October 18, 2015

Multiple equilibria in economic models

Its the latest fad, started by Roger Farmer of self fulfilling prophecy fame.
Hefre the straight scoop.  The economy goes through a similar sequence each business cycle. The eight year cycle is a loop in the probability graph.  Specifically the large state/small state problem.  DC is no efficient programs with state scale effects.  And DC programs cannot do both California and Texas at the same time.  The multi-scale delivery of DC cookies is  costly and a money loser. So, the electorate rotates,  between California and Texas, with Mexico butting in.  And DC rotates to the small state scale on occasion.  It is the motion required to maintain equipartition and thus have a cotangent group organization.  All aggregate systems need this kinetic energy, and the balance is maintained between mutual adaption of boson and fermion statistics.  These large states are fermion, as seen by the small states.

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