[From Fred Nickols (2006.06.26.1329 EDT)]
Prompted by my own earlier post, I did a quick web search looking for the
flow of money. Lo and behold, I came across an engineer's look at the
economy in terms parallel to those of an electronic analog closed-loop
circuit. A quick look at the rest of this guy's site leads me to believe
he's got an issue or two but his diagram(s) are quite interesting.
Anyone who's interested can start at the following link (titled "A Failure
Analysis of 20th Century Economics"):
http://www.ovaloffice.org/nltc1.htm
The link that caught my attention was the one titled "Fundamental Structure
of Any National Economy," which is Figure A2-1 at the following link:
http://www.ovaloffice.org/images/gfa21.gif
I am by no means presenting this as "good stuff" economically speaking but
the diagrams are illustrative of the kinds of diagrammatic representations I
think need to be agreed up so as to undergird any continuing discussion of
"the economy."
Regards,
Fred Nickols
Senior Consultant
Distance Consulting
nickols@att.net
www.nickols.us
"Assistance at a Distance"