Aussie economist Steve Keen continues to make a fuss about merging system-dynamics engineering-math concepts and dynamical-systems math-math concepts into macroecon, at the level of popular understanding that is necessary to communicate with the policy-making crowd. This time he critiques mainstream economists for focusing too much attention on fixed-point attractors, when in real world economic systems, one can observe limit cycles and maybe even strange attractors. He claims to have created a model which displays these phenomena.
From the Mistakes Were Made department:
The New York Times reports an inquiry, in which a DIA analyst alleges that his agency’s findings were misrepresented during a routine game of “Telephone”.
Presumably, had US foreign policy leadership been passed unadulterated information, they would not have supported ISIS’s allies and opposed ISIS’s enemies? The article does not speculate.
[ via Stop Making Sense ]