October 01, 2005

price dynamics uber alles




 my old teacher

bill the poison pill vickery

used to beat off 
day dreaming about 
new  pricing  substitutes 

and why not 

the man's mind
  dwelled 
              only  in  dark places 
                   where markets 
                      are born/bound  to  fail.....


=====================================================



  but the more general dream is this :

    a set of relative prices
with dynamics
       so quick and nimble
they do all the changing necessary 

to keep 
        the "real variables 
                    plowing straight  ahead
                                   on their various
                                     optimal trajectories 


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Posted by pinky at October 1, 2005 07:13 AM

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