Abstract: |
I try to prove that the model used in this presentation opens up a new perspective on the economy. This perspective could indicate the economy as being an object with living properties.\nThe model uses two criteria for learning: tension and satisfaction. Tension is the inaccuracy of forecasting and this tension is minimized. Satisfaction is the mutual balance of coefficients used for this forecasting.\nThe model proceeds in an analogical way to living objects: it solves the tension moving according to the gradient of the satisfaction.\nA living object, besides its movement as a whole on the gradient of satisfaction, is characterized by typical parts with a typical behavior. The activity of these parts obeys some rules of consequences, for example: there first occurs a tension which is followed by a reaction in the muscular system which will change its form etc. If we are successful in locating these consequences in the economy it will be another brick in the wall that solidifies its definition as a living object. \nIt seems that fixed capital formation corresponds to the muscular system and consumption of households is a candidate for the nervous system… |
