Stan,
Aren't all constraints a form of information? I see constraints as informing the bounds of the
adjacent possible and adjacent probable. If this is correct, then it would seem to render the
economy as "almosst pure information". In fact, I think it would render all emergent
systems as pure information. Wouldn't it?
Regards,
Guy
-----Original Message-----
From: fis-bounces@listas.unizar.es on behalf of Stanley N. Salthe
Sent: Sat 2/24/2007 2:51 PM
To: fis@listas.unizar.es
Subject: Re: [Fis] Continuing Discussion of Social and Cultural Complexity
Pedro said:
>Dear Igor and Stan,
>
-snip-
>
>The realm of economy is almost pure information. Rather than planning,
>markets are very clever ways to handle informational complexity. They
>partake a number of formal properties (eg, power laws) indicating that
they
>work as info conveyors on global, regional & sectorial, local scales.
>Paradoxically, "rational" planning can take a man to the moon,
or win a
>war, but cannot bring bread and butter to the breakfast table every day.
>Planning only, lacks the openness, flexibility, resilience, etc. of
>markets. A combination of both, with relative market superiority looks
>better...
It is hard for me to visualize the economy as being almost pure
information! This is to forget about so-called 'externalities' -- sources
and sinks, storms, wars, climate change -- even holidays! The larger scale
material environment constrains the economy, while that(perhaps mostly as
information) constrains human action.
STAN
>with regards,
>
>Pedro
>
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Received on Sat Feb 24 22:13:37 2007
