tag:blogger.com,1999:blog-6837159629100463303.post2418651590413857171..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: The global productivity frontier and dark matterJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6837159629100463303.post-91338598713935555072015-10-12T10:54:16.518-07:002015-10-12T10:54:16.518-07:00Thanks Jason, I'll take a look.Thanks Jason, I'll take a look.Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-29106688010355128412015-10-12T08:36:52.915-07:002015-10-12T08:36:52.915-07:00Yes, and I wrote a bit about it here:
http://info...Yes, and I wrote a bit about it here:<br /><br /><a href="http://informationtransfereconomics.blogspot.com/2015/04/how-not-to-apply-math-and-physics-to.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2015/04/how-not-to-apply-math-and-physics-to.html</a>Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-40678820098126001222015-10-11T23:50:56.461-07:002015-10-11T23:50:56.461-07:00O/T, I saw this and thought of you:
"The gre...O/T, I saw <a href="https://larspsyll.wordpress.com/2015/10/11/the-nobel-prize-in-economics-is-a-disgrace-dump-it/" rel="nofollow">this</a> and thought of you:<br /><br />"The great Romanian-American mathematical statistician and economist Nicholas Georgescu-Roegen (1906-1994) argued in his epochal The Entropy Law and the Economic Process (1971) that the economy was actually a giant thermodynamic system in which entropy increases inexorably and our material basis disappears."<br /><br />Have you heard of that before?Tom Brownhttp://www.google.comnoreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-89748184935327133322015-10-10T16:02:25.941-07:002015-10-10T16:02:25.941-07:00Bravo!
Actually, that's not so bad. :)Bravo! <br /><br />Actually, that's not so bad. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-69214492590282905902015-10-10T13:13:20.423-07:002015-10-10T13:13:20.423-07:00Also, it's 8702.80 if we leave out the second ...Also, it's 8702.80 if we leave out the second We Energies and scale appropriately (by 10 instead of 11).Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-24971785736934711192015-10-10T13:11:01.012-07:002015-10-10T13:11:01.012-07:00Well, let's see ... take the stock price of th...Well, let's see ... take the stock price of the current form of the companies:<br /><br />American Cotton Oil <br />Unilever (UN, UL [Anglo-Dutch])<br />42.26<br /><br />American Sugar <br />American Sugar Refining (private)<br />(leave out, and scale by 11 instead of 12)<br /><br />American Tobacco <br />RJ Reynolds (RJR), Fortune Brands (FO)<br />46.47<br /><br />Chicago Gas <br />We Energes (WEC)<br />52.36<br /><br />Distilling & Cattle Feeding <br />LyondellBasell Industries (LYB)<br />95.45<br /><br />General Electric (GE)<br />28.06<br /><br />Laclede Gas <br />Laclede Group (LG)<br />56.80<br /><br />National Lead <br />NL Industries (NL)<br />3.69<br /><br />North American <br />We Energies (WEC)<br />52.36<br /><br />Tennessee Coal & Iron <br />US Steel (X)<br />12.38<br /><br />U.S. Leather (pfd) <br />liquidated<br />0.00<br /><br />U.S. Rubber <br />Michelin (Paris)<br />85.99 euro = 97.67<br /><br />11 companies total = 487.50<br /><br />scale to modern size of index (x 30/11) = 1329.55<br /><br />weight by divisor (÷ 0.15) = 8863.64<br /><br />The liquidation of US leather leads to a value that is lower by about 900 than leaving it out.<br /><br />Current DJIA = 17084.49<br /><br />So it would be worth about 50% as much.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-4634713661686420052015-10-10T11:27:23.088-07:002015-10-10T11:27:23.088-07:00"Selecting the most productive firms is very ..."Selecting the most productive firms is very much like the selection process going into selecting firms for a stock index."<br /><br />Right. If the DJIA were comprised of its original firms, where would it be now? ;)Anonymousnoreply@blogger.com