Arnold Tustin Quote

An economic system is not a linear system, and... this fact stands in the way of the determination of the parameters of the system by methods that presume linearity, and... it introduces great difficulties in the extrapolation from past behaviour for purposes of prediction.


p. ix - The Mechanism of Economic Systems (1953)


An economic system is not a linear system, and... this fact stands in the way of the determination of the parameters of the system by methods that...

An economic system is not a linear system, and... this fact stands in the way of the determination of the parameters of the system by methods that...

An economic system is not a linear system, and... this fact stands in the way of the determination of the parameters of the system by methods that...

An economic system is not a linear system, and... this fact stands in the way of the determination of the parameters of the system by methods that...