Late Night Thoughts

Posted on Fri 12 April 2013 in Rumination • Tagged with economics, heterogeneity, models, systems

[reposted from]

Social systems are dynamic, internally heterogeneous, and loosely coupled. Some may object to my use of the term ‘system’ and certainly the word has a lot of baggage. By calling something a system, I am merely drawing attention to the fact that it admits descriptions …

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