On: Economics Simulation

[gyom]

> So this is a valid contribution to economics in the form of an inadequate dynamic model.

With that line of reasoning, don't you feel that anything is a "valid contribution to economics" ?

[reader5000 → gyom]

No, for example if we were discussing a model of weather, that would not directly be a contribution to economics.

[WalterBright → reader5000]

Weather has a rather strong influence on economics, for example as a predictor of future crop prices. The better the weather model, the more accurately prices can be forecast.

Hedge funds very definitely watch the weather projections.

[eru → WalterBright]

Yes, so that would be at best an _indirect_ contribution to economics.

[saraid216 → gyom]

It's economics. Nothing in the field is adequate.