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RBC is essentially an update of Voltaire's Dr. Pangloss.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 4th, 2013 at 02:06:14 PM EST
[ Parent ]
... easiest way to close an anticipatory model. That presumes that an anticipatory model that is a closed system accurately reflects the way that the economy works ...

... even though quite clearly it does not.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Aug 5th, 2013 at 10:37:25 PM EST
[ Parent ]

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