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November 12th, 2013, 04:30 AM  #1 
Newbie Joined: Nov 2013 Posts: 1 Thanks: 0  Has anyone ever modelled the Global Economy?
I'm curious if this has ever been done as it is probably one of the most pressing issues for humanity. A stable global economic system. We don't have one. Most economists are speculators. Has anyone tried to model the system in a similar way to the climate or matter in the universe? (PS: I'm new here! ) 
November 12th, 2013, 08:56 AM  #2 
Global Moderator Joined: Nov 2006 From: UTC 5 Posts: 16,046 Thanks: 938 Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms  Re: Has anyone ever modelled the Global Economy?
Yes. In fact I think it's a standard test of a new microeconomic model to simulate it and see what its macroeconomic effects would be and if those are consistent with current macro knowledge. Using the simulation to predict outcomes is a bit dicier, since the economy is highly dynamic/chaotic. 

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