Tuesday, September 8, 2009

New School

Moral: Wherein having mentioned, several times, the Vienna School (also, known as the Austrian School) which is continental, it stands to reason that we need a link to something on this side of the pond.


So, we'll use the New School's site, though it is mainly a development of an extensive view of "The History of Economic Thought" with links to a whole wealth of material, including commentary. "New School" refers to the university, not another economic school. This site allows a look at the breadth of economic thought.

We see categories, such as the Classical and its Neo follow-on. Plus, there are the alternative views.

One area that we will look at will be the heterodox approaches which were mentioned in a post related to money. The reference, then, alluded to other views, such as thermodynamics as a motivation, and model, rather than just having a gab standard with its star player, the saver sacker. As well, this approach might be better if it were extended with bio-dynamics, too. However, there are other equally valid view to consider.

A lot of the categories are top-down and heavily theoretic. Notice the use of "themes." These we'll look at too, as it's where we can see a focus on game theory or finance, perhaps allowing a bottom-up construction.

Probably, the first reaction to looking at all this thought is that there is not an answer, hence we know economics as dismal. Yet, perhaps, some physically-based model would have more appeal and application than we've seen so far. After all, nature and life have been there a lot longer than have been our analyses and other little intellectual schemes.

Note: We'll also have to address how we see stability in nature, and life, all the while knowing that there is uncertainty, undecidability, unpredictability, and such. The main problem? The computer exacerbates the issues, more so for finance than for engineering. Yet, they both face problems.


03/23/2012 -- Renewal of the idea (and related energies) via Cooper and CiE.

12/15/2009 -- Requiem for the dollar (WSJ) and responses.

Modified: 03/23/2012

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