SMO applied to an economy

In the late 1940s there was a physical model, water driven, of the British economy.  (How does the economy work? | Science Museum

www.google.com.au/?gfe_rd=cr&ei=BmCLVpfUE-jN8AesooCwAw).

This made me wonder if some of the methodologies I read about in SMO could be used, or are being used, to optimize (not sure what objectives would be!!) national economies.

One Response

  1. I have had this idea for a few years! I am quite sure that national and international economies are large optimisation problems with a pseudotime-varying objective and constraints. What exactly they are, I have no idea. I think that requires us to understand politicians and national bank leaders – something that might be close to impossible ;⁠-⁠)

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