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How/why is the model different depending on whether energy is a good or a service?

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 Feb 2nd, 2009 at 08:36:21 AM EST
[ Parent ]
Want to know all my secrets, huh?  ;-)

The easiest way to explain it is ...

A good is a noun.  A service is a verb.  

by ATinNM on Mon Feb 2nd, 2009 at 07:32:44 PM EST
[ Parent ]
A good is a noun.  A service is a verb.

I said downthread that a good is extensive, a service is intensive.

Interesting analogies.

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 Feb 3rd, 2009 at 03:34:06 AM EST
[ Parent ]
Good catch.

And from that ... offhand, or superficially, it looks like Power (the entirety of it) can be Modeled using Categorical Logic and Set Theory -- if one allows Triples in the latter.  Bringing up the intriguing notion of using (stealing) the idea of functor from Category Mathematics as a way to handle Power-as-Supply and Power-as-Demand as across Time.

Of course, there are systems of Temporal Logic running around based on Modal Logic.  I'm not convinced, yet, they are all that useful in a dynamic environment.  

by ATinNM on Tue Feb 3rd, 2009 at 12:28:52 PM EST
[ Parent ]
Categories are great for modelling processes because they are naturally represented by directed graphs (arrow diagrams) where sets are naturally represented by collections of points. Of course you can build set theory within category theory or category theory within set theory so it's a matter of choosing the most convenient set of axioms.

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 Wed Feb 4th, 2009 at 04:01:38 AM EST
[ Parent ]
The rest is over my head, unfortunately.

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 Wed Feb 4th, 2009 at 04:04:15 AM EST
[ Parent ]

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