When trying to understand the world, we apply models to it, in order to quantify what we see. Different models are used to look at different things. A crucial point is understanding what models to apply at what resolution. A model which is well suited to say something about the population of a country may break down when increasing the resolution to looking at a city, or it may still hold true, but break down when trying to apply it to residents in a street, the inhabitants of a building, or individual men and women.
Month: May 2016
The following observations are fairly self-evident to me, in all likelihood because I have been reading a number of books about economy and economic theory over the last few years. As it turns out, they are not obvious to everyone. Hence this post.
Author: David J. Anderson
Publisher: Blue Hole Press