3 ms·
Peter Norvig's Economics Simulation is informative in this case. Without forced redistribution, most OECD nations will become 3rd world eventually. It's a mathe
by nickbauman 11y ago
Peter Norvig's Economics Simulation is informative in this case. Without forced redistribution, most OECD nations will become 3rd world eventually. It's a mathematical certainty. Even with forced redistribution, the rich still get and stay rich.
http://nbviewer.ipython.org/url/norvig.com/ipython/Economics.ipynb http://nbviewer.ipython.org/url/norvig.com/ipython/Economics...
- xrange 11y agoAm I missing something? It seems like all those transactions are merely exchanges, and no wealth has actually been created (i.e. new ipads, hepatitis treatments, Taylor Swift concert tickets, food grown, etc.).
- nickbauman 11y agoNorvig uses the term level of wealth to describe what's being exchanged. I think that covers wealth being created (or destroyed, which, y'know, also happens, eh?)