EMERGENT PROBABILITY AND MACROECONOMIC DYNAMICS

 

 

TECHNICAL CONSTRAINTS

 

HUMAN ADAPTATION

 

dynamic equilibrium

 

political will

 

innovative insights

 

      pure cycle

 

goods & services

 

educational services

 

 STANDARD OF LIVING       ..OF ENTIRE SOCIETY

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


INTERPRETATION

 

EDUCATIONAL SERVICES are a pre-condition for innovative insights and the political will to carry them out. These three items of HUMAN ADAPTATION condition the TECHNICAL CONSTRAINTS leading to dynamic equilibrium, a pure cycle, and the production of goods and services needed to maintain or raise the STANDARD OF LIVING OF THE ENTIRE SOCIETY. Such a higher standard is a pre-condition for the improvement of EDUCATIONAL SERVICES. And so on, in an ascending spiral of conditions of a growing economy. One loop of the spiral is shown above. The seven arrows signify probabilities (whether large or small or zero, either positive or negative) pointing towards a conditional consequence from its conditioning antecedent.

This is based on Lonergan's account of EMERGENT PROBABILITY where he says that the divergent series of positive conditions for an event "might tend to coil around in a circle." [Page 141 and ff. in "Insight: A Study of Human Understanding" (vol. 3 of Collected Works of Bernard Lonergan.)]

 

 

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