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New theory derived from classical physics predicts how economies respond to major disturbances -- ScienceDaily

The concept for the new model is inspired by classical physics: Linear response theory (LRT) explains, for example, how electric or magnetic substances react to strong electrical or magnetic fields. This is known as susceptibility. It can be measured with special devices, but also be mathematically derived from properties of the material. "We show that LRT applies just as well to input-output economics," says Peter Klimek. "Instead of material properties, we use economic networks; instead of electrical resistance, we determine the susceptibility of economies, their response to shocks." Visualizing economies To make it intuitively understandable how economies work, scientists at the CSH employ an interactive visualization tool. It will be constantly fed with new data until the final version should represent the whole world economy. The tool visualizes the various dependencies of countries and production sectors. "Users can change all kinds of parameters and immediately see the effects across countries and sectors," says Stefan Thurner. A preliminary version, showing Trump tariff effects on Europe, can be seen at https://csh.ac.at/ecores/

#prediction #europe #economics #metaphors #recession - sciencedaily.com

America’s ‘Retail Apocalypse’ Is Really Just Beginning

The debt coming due, along with America’s over-stored suburbs and the continued gains of online shopping, has all the makings of a disaster. The spillover will likely flow far and wide across the U.S. economy. There will be displaced low-income workers, shrinking local tax bases and investor losses on stocks, bonds and real estate. If today is considered a retail apocalypse, then what’s coming next could truly be scary.

#economics #recession #malls #retailing - bloomberg.com

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x6 heart x31 connectome x36 creativity x40 running x94 vision x22 flocks x1 hive-mind x11 murmuration x1 circadian x84 diabetes x77 time-restricted-eating x6 bluelight x7 resting-heart-rate x7 narratives x116 Dont-use-mouthwash-after-running x2 weightlifting x5 peanuts x2 sunlight x69 vitamin-d x5 breath x8 central-europe x23 neanderthals x2 trust x11 sunk-costs x2 children x20 immune-system x35 Alzheimers x26 neurons x109 hsp90 x1 bonds x8 wall-street x18 antidepressants x28 overdiagnosis x2 withdrawal x5 second-order-effects x1 unintended-consequences x4 censorship x7 lobbying x4 science-worship x1 pharma x63 inequality x54 micro-biome x17 insulin x22 melatonin x6 conversation x24 coupling x3 relationship x3 engram x3 allergy x19 risk x12 dementia x2 inflamation x54 evolution x16 panpsychist x5 synapses x12 aging x71 crypto x4 t-cells x10 KOL x1 confidence x6 medicine x44 pricing x28 valuation x1 workation x1 presence x2 wisdom x5 anxiety x56 publishing x95 gut x14 czechoslovakia x2 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