Epstein Secrets

h regard to producing simulations of my models proposed in 2006. The exchange model proved difficult to construct. However, in March 2010 Maria and George produced the first Matlab model for me based on the GLV model in the second part of my 2006 note. Somewhat to my surprise, this produced a perfect

rchers in liquidity. q is just the ratio of K to W. At a whole stock market level, both company risk

ropy, first proposed by Georgescu-Roegen have been treated as fundamental truths. Unfortunately these precepts are trivially mistaken. The paper of Ayres & Nair [Ayres & Nair 1984] provides a typical example. I have found this paper profoundly useful in guiding my ideas as to how to link the mathematics of e

tween the capital K and it's financial equivalent W. We will assume that total K = total W, and so as

negentropy created in the products of the firms. Essentially figures 1.3.5 to 1.3.7 bring together the economic and physical diagrams discussed in Ayres & Nair [Ayres & Nair 1984]; so that the circulation of wealth and money complies with the laws of physics as well as the laws of finance. The discussions o

onsidered it and rejected it on other grounds. J. W. Gibbs served as Irving Fisher's thesis adviser a

nsense. However the concept of absolute value is not nonsense, it is in fact very powerful. The concept of 'negentropy' as value, as articulated by Ayres & Nair [Ayres & Nair 1984] for example, is not just basic common sense; it works as a theoretical approach, as evidenced by the models in part A. Once the