Month: June 2018
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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 Far Higher than You Think.” He pointed me to his very interesting paper, “Preliminary steps toward a universal economic dynamics for monetary and fiscal policy.” I’m using this space to reply with with some stuff that can’t…