What we in IT call a “bad state” (as in “application ended up in a bad state and needed to be restared”) in economics is called “bad equilibrium.” Here is more on General Equilibrium theory.
Entries Tagged as 'Economics'
Terminology Fun - IT vs Economics
May 14th, 2008 · No Comments
Tags: Economics · technology
Not Everybody Is Outsourcing Manufacturing
May 17th, 2007 · No Comments
I generally disagree with people who believe in protectionism and try to create restrictions on outsourcing in any shape or form. This topic is very interesting to me, and I will probably write more about it in the future.
However, what prompted this post was a little story in WSJ from 5/16/2007 (page A19). BMW […]
Tags: Economics