Re: City of Beijing announces Job Guarantee

[Bruce McFarling <ecbm@xxxxxxxxxxxxxxxxxxx>]

On Sat, 06 Apr 2002 19:23:27 -0800, John O'Donnell
<jackodonnell@xxxxxxx> wrote:

>I have not created a macro model nor have I claimed to have
>done so. What I have done is demonstrate the effect that
>several macro policy choices have on micro decisions that
>lead to beneficial macro effects.

The latter requires what the former states is not done.
And the notion that the organisation of the whole can
be treated as a seperate "part" ignores the way that
complex systems work.  Along the lines that JV pointed
out, the economy itself is a complex system, and in
a complex system the organisation of the parts cannot
be treated as a seperate part without missing the
emergent phenomena of the organised parts themselves.
A system which can be treated as you described is
necessarily a mechanical system (see the books of
Robert Rosen for more detail on this), and therefore
a flawed macroeconomic model.

Anyway, read Keen, read Rosen, read Lorenz, follow it
up.  I'm sure you'll work it out.

Virtually,

Bruce McFarling, New Lambton, NSW
ecbm@xxxxxxxxxxxxxxxxxxx