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General Asylum General audio topics that don't fit into specific categories. |
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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: LOL...some more quotes... posted by Jack Gribble on May 15, 2004 at 04:37:14:
Actually, there is a connection.Free (as in unregulated) markets are promoted under the guise of economics theory as being efficient. However, a free market is a form of feedback control system. Some historians even relate the beginnings of Cybernetics to Adam Smith's observations in his books "The Theory of Moral Sentiments" (1759) and "The Wealth of Nations" (1776).
Engineers who have studied feedback control systems have found they work within narrow limits of timing. If the information from the outcome of the system takes too long to affect the input, the result is instability. Audio amplifiers employing feedback and with inadequate phase margin oscillate, and markets with time delays in production scaling exhibit boom and bust instability. These are the SAME PHENOMENA at bottom.
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Follow Ups
- Economics theory and audio... - Al Sekela 10:32:27 05/15/04 (2)
- yep... - Jack Gribble 21:59:48 05/15/04 (1)
- Thank you! - Al Sekela 11:56:45 05/16/04 (0)
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