Display:
I can see I should have studied economics.

No, you shouldn't. This stuff is dynamical systems theory. You should have studied physics or control engineering :-)

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Dec 15th, 2008 at 07:18:32 AM EST
[ Parent ]
that is what economics actually is?

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire
by papicek (papi_cek_at_hotmail_dot_com) on Mon Dec 15th, 2008 at 07:47:04 AM EST
[ Parent ]
Maybe that's what it should be...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Dec 15th, 2008 at 07:52:39 AM EST
[ Parent ]
maybe even most of it, is equilibrium relationships.  Dynamics doesn't enter in much.
by tjbuff (timhess@adelphia.net) on Tue Dec 16th, 2008 at 09:14:10 AM EST
[ Parent ]
Isn't that just what economists would like it to be about?
by Colman (colman at eurotrib.com) on Tue Dec 16th, 2008 at 09:21:38 AM EST
[ Parent ]
Sure makes the math easier.
by tjbuff (timhess@adelphia.net) on Tue Dec 16th, 2008 at 09:27:09 AM EST
[ Parent ]
I just did a book search for "Dynamic systems." I don't want to tell you what titles the miserable text search returned, manga, new age self improvement, "how to fly a kite", etc....

There's one System dynamics title. Hmmm. Looks like I'll have to learn MATLAB as well.

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire

by papicek (papi_cek_at_hotmail_dot_com) on Mon Dec 15th, 2008 at 07:55:26 AM EST
[ Parent ]
Dynamical systems?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Dec 15th, 2008 at 08:04:34 AM EST
[ Parent ]
This is a little book I like.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Dec 15th, 2008 at 08:05:52 AM EST
[ Parent ]
Thanks for the link to the book, too bad Amazon is down for me right now, but I will check it later.

Wikipedia has a nice little entry on Systems Dynamics.

When I'm done with my Phd (which has still a few years to go) my long term goal is to do research on Systems Architecture, especially trying to build Languages to support it.


Vencit omnia veritas.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Dec 15th, 2008 at 09:18:34 AM EST
[ Parent ]
It's called Response and Stability: An Introduction to the Physical Theory by A. B. Pippard. It seems to be out of stock or out of print: all the copies on sale are used...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Dec 15th, 2008 at 12:45:56 PM EST
[ Parent ]
most of the foreign policy titles I read are out of print, so I buy used copies all the time. No problem there. Response and Stability has been added to my Barnes and Noble wish list. Probably delve into it later this winter.

Thanks all :)

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire

by papicek (papi_cek_at_hotmail_dot_com) on Mon Dec 15th, 2008 at 10:29:13 PM EST
[ Parent ]
I like Strogatz Nonlinear Dynamics and Chaos.

It won't drag you though all kinds of mathematical PNing, but it does have sufficient structure and rigour that it's possible to do a self-study from it.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Dec 15th, 2008 at 01:30:08 PM EST
[ Parent ]
A $265 book. I should buy two :)

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire
by papicek (papi_cek_at_hotmail_dot_com) on Mon Dec 15th, 2008 at 10:52:39 PM EST
[ Parent ]
250 US$? You're being ripped off. I didn't pay more than 70 US$ (although that was back when the US$ was half again as expensive as it is now...). Call it a round hundred in today's exchange rates.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Dec 16th, 2008 at 05:11:21 AM EST
[ Parent ]
Eh? This one? £30 from Amazon.co.uk?
by Colman (colman at eurotrib.com) on Tue Dec 16th, 2008 at 05:18:23 AM EST
[ Parent ]
You know, we should just spare people the expense and write a bunch of diaries...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Dec 16th, 2008 at 05:29:19 AM EST
[ Parent ]
... except I paid Danish VAT on it too...

Y'know, I support this whole "paying taxes" thing, but sometimes I wish the ways around paying taxes were a little less obvious and/or a little less legal - I can't quite tell whether it's ethical to pay a tax you can easily and legally get around, or just plain stupid...

But hey, it's worth what I paid for it, so why am I complaining?

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Dec 16th, 2008 at 07:04:53 AM EST
[ Parent ]
That appears to be the original edition, and there's a 2nd edition out, and yes the hardcover is indeed $265. On further investigation, I find the paperback's also available though, at $95.

Hmmm, no used editions. It'll have to wait then. I have lots of other reading lined up.

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire

by papicek (papi_cek_at_hotmail_dot_com) on Wed Dec 17th, 2008 at 01:30:24 AM EST
[ Parent ]
Any control engineer would find what's happening to oil prices very familiar.
by tjbuff (timhess@adelphia.net) on Tue Dec 16th, 2008 at 09:11:54 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
Clipping the wings of a judge
by Migeru - Feb 10
25 comments

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

Romania: protests change government
by DoDo - Feb 8
6 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
8 comments

Sarkozy: Enemies Ahoy!
by afew - Feb 10
5 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9

Bristol Pound
by ChrisCook - Feb 7
14 comments

Recent Diaries
Sarkozy: Enemies Ahoy!
by afew - Feb 10
5 comments

Clipping the wings of a judge
by Migeru - Feb 10
25 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
8 comments

Romania: protests change government
by DoDo - Feb 8
6 comments

Answers to the Renewable Energy Consultation
by Luis de Sousa - Feb 7

Bristol Pound
by ChrisCook - Feb 7
14 comments

The Imitation Of Germany
by afew - Feb 4
31 comments

Strange Fruit
by Frank Schnittger - Feb 4
14 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Mismatch with the Natural Gas Market
by Luis de Sousa - Feb 3
22 comments

The Future of Economics
by ARGeezer - Feb 2
191 comments

Desert Island Discs - Helen's distortions
by Helen - Jan 31
48 comments

Gorila
by DoDo - Jan 29
14 comments

Rail News Blogging #7
by DoDo - Jan 29
15 comments

Obama's State Of The Union: LQD
by Crazy Horse - Jan 25
74 comments

Democracy Technology
by gmoke - Jan 24
1 comment

The Hydrogen dream
by Luis de Sousa - Jan 24
49 comments

ET Paris Meet-Up 2012 (2 UPDATE)
by afew - Jan 23
113 comments

More Diaries...
Occasional Series