tag:blogger.com,1999:blog-2761684730989137546.post2874103059739048549..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Erica Klarreich — In Game Theory, No Clear Path to Equilibriummike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-87738390988834858452017-07-20T00:00:27.538-04:002017-07-20T00:00:27.538-04:00There's no conflict.
In dynamics the system ...There's no conflict. <br /><br />In dynamics the system orbits an equilibrium point with varying degrees of elliptical orbit, and some of the perturbations may move the system to orbit a different equilibrium point. <br /><br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16766518488672616422017-07-19T08:33:38.136-04:002017-07-19T08:33:38.136-04:00There is a glut of *everything*. There is a glut of *everything*. Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19614220064080993372017-07-19T07:40:44.053-04:002017-07-19T07:40:44.053-04:00We throw away half of our food...We throw away half of our food...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68738652274146801612017-07-19T07:33:18.042-04:002017-07-19T07:33:18.042-04:00Like the oil price was very high and then North Am...Like the oil price was very high and then North America increased output by 6M bpd ... and lowered their offer price...<br /><br />Rig counts at all time highs at $45 as producers keep tapping into the surplus...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-81170611812443851432017-07-19T07:28:14.665-04:002017-07-19T07:28:14.665-04:00This kinda conflicts with that distribution simula...This kinda conflicts with that distribution simulation Neil posted up last week where only a few ended up with most of the munnie...<br /><br />Unless you look at it as "the rich get richer" is a form of "equilibrium"...<br /><br />Also it ignores the macro condition as surplus... it's a conditional probability where the condition is surplus...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com