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"Spreng's triangle"

14 Comments -

1 – 14 of 14
Blogger Phillip Helbig said...

This parallels the price-performance-quality trade-offs.

1:05 PM, November 18, 2011

OpenID peter-w-morgan said...

Isn't "whether Marilyn wore the dress" information? Then "that dress!" is enough more information to justify the auction price, more-or-less.

2:04 PM, November 18, 2011

Blogger uair01 said...

It's not just a problem with Wikipedia. I remember the same problem occuring while using the physical Encyclopedia Brittanica.

3:10 PM, November 18, 2011

Blogger Bee said...

Hi Peter,

Well, as I said, what Spreng means with information is actually what technology went into the production. Either way, I would argue that "Sabine Hossenfelder wore the dress" is also information, it's just not particularly interesting information. Best,

B.

1:42 AM, November 19, 2011

Blogger Bee said...

Hi Philip,

Yes, that's right. However, I think what Spreng was trying to do is to connect economic activity with physically measurable quantities to get rid of vague properties like "quality" and "value". Actually, he's trying more than that, he's trying to substitute them. Best,

B.

2:28 AM, November 19, 2011

Blogger Don Foster said...

There would need to be some “fittingness”, a degree of mutual information between the nature of the energy supply and the companion system’s energy requirements. If we consider water as an analog for energy, an earthy example would be the practice of flood irrigating a field versus a drip irrigation system.
This would seem to be a truism for biological systems. The energy required to incubate a clutch of eggs, both thermal and mechanical, is highly particular over time.
Our bodies learn to distribute energy most efficiently. In lifting hundred pound bags of potatoes, the first bag will seem heavier than the fifth because our bodies learn which muscles are actually needed and how to coordinate them.
Best.

9:26 AM, November 19, 2011

Blogger Uncle Al said...

Economics is rigor, elegance, and application - not empirical validation. Creeping failures drive immense cashflows from productive cohorts to managerial cohorts. The EU's incipient collapse is unavoidable for the nicest of reasons.

Waste abundant resources to conserve dear ones versus legislated misappropriation (always with positive feedback). "No Child Left Behind" trades thin streams of valuable inputs and outputs for distended cloacas at both ends. The larger the scale the worse the implementation, for reality's tolerences add not average. Sum local optimizations rather than impose global fits.

11:08 AM, November 19, 2011

Blogger Bee said...

Hi Don,

Yes, good point. I suppose Spreng implicitly assumed that the energy is used as efficiently as possible within the given time with the given information. Best,

B.

2:29 AM, November 20, 2011

Blogger Giotis said...

Interesting table. Could you please send it to your chancellor to see herself how many hours the Greeks work with respect to rest of the Europeans?
This should stop the German propaganda about the lazy Greeks:-)

6:07 AM, November 20, 2011

Blogger Bee said...

Yes! I was stunned, the Greeks seem to work like crazy. Best,

B.

6:19 AM, November 20, 2011

Blogger Don Foster said...

Well, golly Bee, I fear I am having another attack of errant enthusiasm.

I don’t think we will progress very much further without a couple of more words to discriminate what sort of “information” we are talking about. I was assuming Spreng was talking about one sort of information, but apparently he was talking about the more prosaic kind.

So, light of heart and for present purpose, let’s call Spreng’s information “Librarian’s Information” or LI. This information is the artifact of human measurement or description, the Wikipedia/Shannon sort of information, a more or less passive commodity that we excel in abstractly conveying from one place to another (a capacity which was enabled by Shannon’s metric).

On the other side of the looking glass is what we will call, for lack of better physics, the “Pauli Information” or PI. This is the business end of physical information. Rather than passive it is actively declarative. It arises from deep natures capacity to make a real choice between one state/path and another.

So LI arises from and is descriptive of PI, but it is not the same thing. PI is intrinsic to a particular local , germinal to the discrimination of one place from another and hence one path from another.

So, going back to drip irrigation, LI may be descriptive of a system, but it is PI that physically enables the real articulation of pathways.
I suppose this is actually an old philosophical saw.
I hope something here translates into a more proper framework.
Best.

12:32 PM, November 20, 2011

Blogger Eric said...

Pretty much agree with Al on this. (sorry, I've been away) All complex physical systems, which economics most certainly is, require feedback to maintain balance over time. Often things aren't required to maintain balance over time but I would tend to categorize them as then not defining a complex system.

Economics as a complex system could be defined similarly to the human body. In order to keep individual cells, or cell types, from unregulated growth at the expense of other cells you need governing methods to stop them. The human body is filled with systems that govern and regulate these processes so we don't develop cancer.

The similarity between national economies and biological entities is that both change over time. They do it by growing or shrinking, but there is a constant need for the different cell types, to remain (more or less) at a constant proportion to each other.

On one end of the axis everyone is supposed to be treated exactly the same no matter their individual merit. On the other end there would be no regulation at all and it would be the law of the jungle with the winner take all. It would be like the game of monopoly where no matter how much your individual merit you will eventually not survive unless you happen to be the lucky 1 out of the 7 billion currently on the planet.

The commonality is that in the sweet spot in the middle of the axis is where we always want to be. And in that sweet spot everything changes but the proportionality of the different functions comprising the economy do not. It's pretty tricky to execute that sweet spot. I think that's why people and economies often succumb to uncontrolled growth in certain segments which kills off the entity as a
whole.

9:58 PM, November 20, 2011

Blogger Eric said...

You could also carry the analogy of death due to agedness and cancer to the opposite extreme. I suppose in a perfect communist system where everyone would be treated exactly alike it would be like an early undifferentiated fetus. There would be huge potential that would be as yet unexperienced. The stem cells had not yet differentiated.

10:07 PM, November 20, 2011

Blogger Bee said...

Hi Don,

Spreng starts out talking about information in the physical sense, rspt entropy actually, but then realizes that this type of information isn't relevant for his purposes. After a lot of blabla, he finally says he doesn't know what the information is he talks about, so let the market measure it. Spreng's information is clearly not passive - it's the information needed to construct or produce something. Best,

B.

3:26 AM, November 21, 2011

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