Viscosity? I want to know the Reynolds number of global governance.

Viscosity and governments? Are we talking constipation or diarrhea here?

I suppose I'll just have to read the paper.

Is this disquisition on viscosity in the context of the Nassau Inn really about parking in Palmer Square?

Dan, the program still has your UChicago affiliation... looks like an interesting paper though (I'll read it when things aren't so busy at work)

"Most of the papers and presentations are downloadable."

You're not kidding. Since when are Power Point presentations, which are supposed to offer a live audience a substitute for a paper, an acceptable means of transmitting arguments or findings to reading audiences? Has excessive use of powerpoint so numbed people's attention spans that, even in reading a printed document, all those bulletpointless words are too hard? Bah! Why in my day, [grumble, grumble...]

Anyway, that's a great lineup-- mighty impressive for an association's first meeting!

I second both of Jacob's comments, but wish to add another curmudgeonly note: many of the presentations I've looked at need lots of work. Way too much information on a single slide, multiple complete sentences for each bullet point, etc. So, in essence, they do look like they're substitutes for papers rather than presentations.

Looking at research presentation list .... What about the big picture? Is there an underlying precise mathematical order, descriptive and predictable of the global macroeconomy - taken as a whole?

Veterans Day and 22 November 2006: The Corrected Maximum Growth Saturation Day.
Posted at 2006-11-18 16:36:50 by theeconomicfractalist

The Quantum Fractal Hypothesis, Theory, and Laws of Saturation Macroeconomics.

Science: ' an operating process that looks for patterns and organizes them as theories or laws ...'

The real science of Quantum Fractal Saturation Macroeconomics is defined by composite asset valuation saturation curves. The valuation saturation curves are organized in a precise and elegant mathematical repetitive fractal order intrinsic to and optimally self-assembled by the causal self-balancing oppositional major elements of the nonstochastic macroeconomic universe. This new paradigm view of the macroeconomy may provide monetarists, macroeconomists, and national banking reserve and regulatory agencies a new framework in assessing and controlling macroeconomic dysequilibria incurred by the major money expansion parameters of interest rate policy, lending policy, governmental debt, and perhaps the investment asset area of equity classes. The latter of these elements consumes much, adds little to the real economy, and is ultimately a source of amplified instability and devolution near the end of great credit cycles. Malinvestment in equity paper assets - rather than facilitated investment in savings, innovative or improved domestic products and services, national infrastructure, and domestic factories - ultimately subtracts from the available creative investment money that produces sustaining and linchpin domestic wages. Imprudent policies and practices involving the aforementioned elements leads to overvaluation, overproduction, over supply, over borrowing, and malinvestment. With the rate limiting factors of one: wages of the masses which are both dependent on and supporting of the whole system and two: ongoing accumulating debt load which ultimately limits and contains dynamic and useful consumption, the excesses created by the money expansion elements necessarily causes or leads to a final asymptotic saturation state where money growth is exactly balanced by asset devolution, debt default, and money contraction. After asymptotic saturation, interconnected and progressive asset deflationary collapse rapidly occurs proportional to the accumulative preceding excesses in debt, over supply, and money expansion. It may be that paper equities representing an amplified derivative of companys' profits, assets, potential earning powers, and debt loads - now considered as an asset class with useful economic purpose - are the most illusive and destructive of all malinvestment areas, unnecessarily amplifying money destruction during the asset deflationary phase. The empirically derived mathematical law for maximal quantum fractal growth is: X/2.5X/2.5X :: 159/398/398. 24 November 2006 is the 398th trading day of the ideal 2.5 X third fractal maximum growth. 24 November 2006 is the final Ideal Maximum Saturation Day for the 14 trillion dollar Composite Wilshire - (secondary to its March 2000 all time high.) Kindly visit: The Economic Fractalist. Lammert.....Addendum and correction: Veteran's day, while a holiday for this veteran, was not a trading holiday. The 398th day for the Wilshire is 22 November 2006. The 16th day of the concurrent and final 8/20/16 day growth fractals for the ten year note, 30 year bond, and CRB is 22 Novembr 2006. The 58th day of the 29/73/58 day fractal for GM is 22 November 2006. 22 November 2006 is the ideal final saturation day for the Wilshire secondary to its March 2000 all time high. Lammert.