I never quite got around to putting up my youtube video about information transfer economics, but I'm going to test the gif capability of blogger with a piece of it. Here is a animation of how the "unit of account (information)" and "medium of (information) exchange" relate:
One thing that is not quite correct: at constant N, increasing M should keep the height of the the stack the same by adding more units to it (making them shrink). Otherwise, this is a pretty good picture to have in your head.
Jason, great... I was just commenting on your static picture of this in a recent post (my jello comment).
ReplyDeleteI've done a similar thing:
http://banking-discussion.blogspot.com/p/epsilon-animation.html
I've also added an interactive post, but it was a big pain the way I did it (with free MicroSoft online Excel... not that it was so bad, but I attempted to do Newton iterations in it):
http://banking-discussion.blogspot.com/2014/04/blog-post.html
I think I'll do more blog readings rather than postings from now on. :D
I know this is an experiment that you've done here, but I'd slow it down a bit... it's a little hard to absorb as it flies by.
Yes, it is a bit fast -- in the video it is a bit slower, but hasn't had the narration put on it yet.
DeleteI would love to do something interactive like that. Mathematica has some ability to make "demonstrations":
http://demonstrations.wolfram.com/
I do think that many economics discussions would benefit from dynamic/interactive pictures like the ones you made there.