A couple unrelated and random thoughts...

Submitted by Jelal Younes on Mon, 06/26/2006 - 10:29pm. Economics | Markets

The models we design would be an interesting tools for the managers of local businesses, who could use the simulation to help make decisions regarding starting up/shutting down, raising/lowering prices, etc.
Although I only recently came across it online and have yet to read it, Michael Rothschild's Bionomics: Economy as an Ecosystem looks to be a very interesting book, especially when put into the context of Barabasi's Linked, and his "universal network theory." The idea that economics is adopted from a biological framework is an extension of Barabasi's belief that all networks are derived from the same basic principles. This book also speaks to the idea that economics is a "human" science, not a hard science that is stricly based upon mathematics and utility maximization