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That's 180 degrees away from what's happening here.

The difference is that hidden variables in QM won't kill you if you ignore them.

In economics, political and physical externalities can, and will.

Physical and natural processes don't care about cash flow. And economies are physical first, then moral and political, then abstracted and symbolic, and only then can you think about them financially.

You can only make cash flows primary by writing all of those preceding elements out of a model.

Do you really want to do that?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Feb 6th, 2010 at 07:13:23 AM EST
[ Parent ]
And economies are physical first, then moral and political, then abstracted and symbolic, and only then can you think about them financially.

Do you really claim you can do that? What are you doing blogging when you could be revolutionizing social science?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Sat Feb 6th, 2010 at 07:15:01 AM EST
[ Parent ]
Do you really claim you can do the economic equivalent?

Why are you blogging when you could get a job with a think tank doing that?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Feb 6th, 2010 at 07:25:07 AM EST
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No, I claim it's been/being done by certain economists the mainstream is busy ignoring.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Sat Feb 6th, 2010 at 07:28:21 AM EST
[ Parent ]
Migeru:
What are you doing blogging when you could be revolutionizing social science?

um, revolutionizing social science through blogging?

surreal dialogue, lol.

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Sat Feb 6th, 2010 at 10:42:01 AM EST
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