Re: Economic Dimensions

[Harry Veeder <aa361@xxxxxxxxxxxxxxx>]

John O'Donnell wrote on Oct. 25:

>
> I believe Basil Moore's error is confusing the measure used to
> judge what to do with the control used to do it. Yes, money
> interest rates are affected by the actions of a central bank that
> restrict the availability of credit. But, it is not the only
> consequence of those actions and it is definitely a measure, not
> a control.

The issue of "confusing" measures with controls depends on what system
one is studying. If "the economy" is understood in terms of many
*interacting* systems, rather than one system, what is considered a measure
for one system might function as a control for another. Since every
system can be distinquished by a purpose, the confusion will lessen
if people state the purpose or intent of their system along with a
list of "measures" and "controls" associated with their system.

Harry Veeder