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by bandushrew
5301 days ago
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I think maybe a key mistake economists make regularly is equating an equilibrium with a lack of change. In nature stability - on average - is often achieved by matching peaks and troughs, not by a lack of change (nature abhors a lack of change) (see vacuum fluctuations) |
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or at least in somewhat understandable models beyond simple linear ones:
http://mathworld.wolfram.com/StrangeAttractor.html