Saturday, March 19, 2016
There is a current effort to develop an old rail coal terminal area in the south of Baltimore being pursued by the Under Armour people and some developers.
A projected "before and after" picture in the tweet below.
The people working on this concept design and illustration at this point in the process do not know anything about the detailed structural steel, concrete, electrical systems, environmental management, marketing, etc. knowledge that will eventually be employed in the completion of this complex project.
So for "macro" design to be effective and successful, it manifestly does NOT require knowledge of what is going on for the "micro" level.
So I don't know what economists are doing when they say they have a "model".
I don't ever recall the word "model" ever being used in my 4+ years of education in engineering. We never did "modeling" at all. Neither will any of the people who will eventually work on the detailed design and construction of this new property development in Baltimore.