animated financial ecomomy model
animated financial ecomomy model
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Discussion

cqueen

Original Poster:

2,647 posts

249 months

Thursday 19th February 2009
quotequote all
Has anyone ever seen such a thing?

Showing money flowing in a physical form (i.e. sand, water) starts at the top (banks) flows down into business, mortgages, through to customers and back again etc etc etc, could this be used to show how reccession effects the model (plug in sand/water supply).

I've always tried to picture something like this in my head but get lost in a sea of 'what if's'.


eharding

14,648 posts

313 months

Thursday 19th February 2009
quotequote all
cqueen said:
Has anyone ever seen such a thing?

Showing money flowing in a physical form (i.e. sand, water) starts at the top (banks) flows down into business, mortgages, through to customers and back again etc etc etc, could this be used to show how reccession effects the model (plug in sand/water supply).

I've always tried to picture something like this in my head but get lost in a sea of 'what if's'.
If you're looking for an animated model of the Chancellor's thought processes, then this is pretty much bang on.

Edited by eharding on Thursday 19th February 21:18

cqueen

Original Poster:

2,647 posts

249 months

Thursday 19th February 2009
quotequote all
Yeah thats the sort of thing I mean, but shirley it would be much easier and accurate to create a computer software model rather than water pumps and tubes?

marshalla

15,902 posts

230 months

Thursday 19th February 2009
quotequote all
"A sensation when it was unveiled at the London School of Economics in 1949, the Phillips machine used hydraulics"

It IS a computer - an ANALOGUE computer! ( http://dcoward.best.vwh.net/analog/ )

cqueen

Original Poster:

2,647 posts

249 months

Thursday 19th February 2009
quotequote all
Thats pretty impressive, but not much use. You know what I mean though, something that Brown & Darling could use on a laptop to test their ideas first?

marshalla

15,902 posts

230 months

Thursday 19th February 2009
quotequote all

paul.deitch

2,314 posts

286 months

Thursday 19th February 2009
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Two issues here:
Major economic modelling that is useful does not generally run on laptop size machines. Most that does is generally so trivial as to be meaningless except as a teaching aid.
Secondly its pretty much as complex as the weather to model realistically, so many simplier models just take one facet.
But there is a simple PC model here http://www.warwick.ac.uk/fac/soc/Economics/MMB/rr....

Some interesting commentary here http://www.ft.com/cms/s/0/0c3c18fe-fc03-11db-93a4-...
a model here http://www.downloadtopc.com/get/16/30519/Micro_Eco...
another reasonably priced pc runnable model here http://query.nytimes.com/gst/fullpage.html?res=9B0...
and this is said to be one of the best game play economic models http://www.eveonline.com/
enjoy!