Tag: economics

Circuits, Shortest Paths, and Capitalism

Shortest Paths

A few weeks back I mentioned a well known resource minimization problem called the Traveling Salesman, and a far out “solution” to an analogous problem (scavenging) leveraging life. Graph theory is an area rich in algorithms which are designed to yield optimal, or more often good enough answers to problems which can’t be computed exhaustively1. In this morning’s riff I’ll explore similarities between shortest paths, current flow and capitalism and hopefully learn a little in the process.

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We don’t need no stinkin’ Bubbles, Intrinsic & Traded Value

The genesis for this economic thought riff is an interview of a gentleman who is a big proponent of the Chicago school of economics, Eugene Fama. I was alerted to it yesterday by Hunch founder Chris Dixon (who forwarded a share from investor Paul Kredosky). Appreciate the share Chris & Paul, and of course the interview by John and Eugene. Whew, now that the heavy linking on my phone is done, time for some fun.

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