by Steve Roth What Causes Recessions? A Physicists’ Complex Systems Model I received some very interesting comments from Yaneer Bar-Yam to my recent Evonomics post— “Capital’s Share of Income is…

…If there is a model which fits so many facts that you can’t remember them except as the bunch of facts fit by the model, then fit the model. This…

…let’s call this ever increasing Consumption ‘Growth’. What had once been a Sustainable Economic Model at Equilibrium was now an Economic Model based on Growth. In 1930, a World Population…

…able to figure out that Hassett’s “cubic” model (and probably the IHME’s old model as well) were relying on a third order polynomial function that in Hassett’s case was probably…

…Of these past models, Capitalism of a form is the one most akin our current economic model. Reviewing our current economic model’s past, it functioned best for Americans from around…

…does not reach the standing of the Ptolemaic model which is an astounding scientific accomplishment. Ptolemy’s model as written in Almagest gave useful predictions over a thousand years after it…

…please everyone because people are partially altruistic (the last point is exactly Thurow’s point). A tiny simple model after the jump A tiny super simple model. To start I will…

…of the one grid we all enjoy corrupting Hogan’s model and thus experiment. To be true to his ideological blackboard model he would have built multiple grids. Multiple grids in…

…and larger fortunes? In a new paper and model published in Real-World Economics Review, I try to tackle that question. The model takes advantage of national accountants’ wealth measures that have only been…

…(and empirical) question: what are the purely economic effects of highly-concentrated wealth, held by fewer people, families, and dynasties, in larger and larger fortunes? In a new paper and model published in Real-World…