“In non linear systems-and the economy is most certainly nonlinear-chaos theory tells you that the slightest uncertainty in your knowledge of the initial conditions will often grow inexorably. After a while, your predictions are nonsense.”
“In non linear systems-and the economy is most certainly nonlinear-chaos theory tells you that the slightest uncertainty in your knowledge of the initial conditions will often grow inexorably. After a while, your predictions are nonsense.”
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