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Owen and Phil,

Traditional economics borrowed ideas from equilibrium physics and tried
to force-fit reality to make the math tractable prior to the emergence
of computers sufficient to solve the math. No need to do that now.

Also, Pareto optimitality is a sacred cow that must be slaughtered.

And, the myth of rational humans....hah...that is a good one.

I'll find the PPT for the Brazil conference, type up my notes and post
it to the web for the group's reading pleasure. The conference
organizers recorded the speech and I'll try to hunt down the URL.

I will be giving a workshop on simulation in London for a Gartner Group
conference where I will elaborate in more detail.

http://www.europe.gartner.com/bpm

- --
Best regards,

Justin Lyon

M: +423 663 168892 (Worldwide)
M: +44 781 480 2797 (London, UK)

O: +1 210 787-3498 (San Antonio, USA)
O: +44 20 8144 4072  (London, UK)

E: [EMAIL PROTECTED]
W: http://www.simudyne.com

Phil Henshaw wrote:
> The simple big one is that they don't see that growth produces 
> exploding complexity, along with exploding every thing else, and call 
> it a 'stable state'.   There are quite a long list of other things 
> demonstrating the same extraordinary disconnection from reality.
> 
>> How about giving us a hint as to why this seemed so great?!  And  
>> possibly why traditional economics sucks so much?  Are any of your  
>> talks on-line?
>>
>> Thanks!
>>
>>      -- Owen
>>
>> Owen Densmore   http://backspaces.net
>>
>>
>> On Jan 18, 2007, at 9:17 AM, Justin Lyon wrote:
>>
> Colleagues,
> 
> I just finished reading the most amazing book:
> 
> _Origin of Wealth: Evolution, Complexity, and the Radical Remaking 
>> of
> Economics_ by Eric D. Beinhocker
> 
> For those of you that heard my speeches in the UK or in Brazil on 
>> why
> traditional economics is a pseudo-science, you will know my 
>> feelings
> about most economists (with the exception of Dr. Dante Suarez and 
>> a  
> few
> others).
> 
> It's like Eric wrote a manifesto for why we formed Simudyne. 
>> Thank  
> you Eric!
> 
> Get thee to a bookstore and read it if you are interested in  
> simulation
> science (or complexity science or non-linear science or whatever 
>> we're
> calling it today).
> 
> ;-P
> 
> Oh, and I can also recommend _The God Delusion_ by Richard Dawkins.
> 
> Have others on the list read these two books with their clear call 
>> to
> arms? What do you think of the books and their arguments?
> 
>>>
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