tag:blogger.com,1999:blog-8305121148228933423.post3200113910654717032..comments2023-08-21T04:04:54.430-04:00Comments on Baldwin Wallace University Economics Blog ... thinking out loud ...: …every decision, WAIT-TDepartment of Economicshttp://www.blogger.com/profile/04726262634241061767noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8305121148228933423.post-40093438276218631862011-08-09T18:13:12.013-04:002011-08-09T18:13:12.013-04:00Actually, two comments:
1. It would be really fru...Actually, two comments:<br /><br />1. It would be really fruitful to know where the high-degree nodes - the most connected entities - are in the global network. I suspect that we have conferred such status on nexuses as the major stock exchanges, the FRBG, S&P, and in doing so have made them actually important. It's not that they are inherently - whatever that means - critical to the network, but rather that t\we have vested them with oracular power, thereby creating oracles that actually drive the system. This comment is getting 'way too long and is about to sprout footnotes: I think I'll extend it in a separate blog.<br />2. (Much shorter) Check this recent (8/9/11) blog entry at dotearth:<br />http://dotearth.blogs.nytimes.com/2011/08/09/the-risks-in-jarring-a-complex-system/Department of Economicshttps://www.blogger.com/profile/04726262634241061767noreply@blogger.com