Wes, a "node" is simply a circuit point in DC circuits. It is not a component.
Say's Law does parallel Kirchoff it that it regards economic sectors somewhat as nodes where inputs equal outputs and outputs equal inputs. Leontief follows the same line of reasoning and is equally fallacious. This from your post is not a proper rendition of Kirchoff: ***>...all flows, in or out of the node, must be measured and accounted for in the equation for the particular node and the sum of the flows must equal the measured change of inventory within the particular node.<*** There can be no "change of inventory" within a node because a node has no inventory--it is simply a point. The sum of currents into the point must equal the sum of currents simultaneously out of the point. Economic sectors are more like components than points. Inputs do not automatically equal outputs in terms of financial flows. ***>[WSB If social credit had contained a complete and technically valid general theory of human development (GToHD), surly C. H. Douglas would have won public acceptance of it.<*** This is a ridiculous statement on several counts. The technical validity of anything does not guarantee the "public acceptance" of anything--surely you know that. And "public acceptance" does not indicate the technical validity of that which is accepted. Note that the operative term below is "nodality" not "node." [1] In a system of continuous flow such as a pipeline, let N be a nodality which contains a volume V defined by the dimensions of N. Let the rate of flow of aggregate inputs to N be designated I. Let the rate of flow of aggregate outputs be designated O. Let the rate of change in V be designated dV/dt. Then I = O + dV/dt. Now if N's dimensions are fixed, dV/dt = 0, so that I = O. But if N's dimensions are expanding, I is > O. [2] Assert axiomatically that in respect of an expanding nodality in a system of continuous flow, the rate of flow of aggregate inputs must exceed outputs. Now let there be one such nodality P with inputs flowing at rate I and outputs flowing at rate O. Then configure P in a closed circuit with a second such nodality Q so that the outputs of P are the inputs of Q, and the outputs of Q are the inputs of P. Consistent with the assertion above the following conditions must simultaneously obtain: X > Y and Y > X, which is impossible. It is therefore concluded through implication that for such a circuit to function, it must be inferred that it contains within its structural complex a counter-nodality that has outputs greater than inputs that must be factored into the calculation. That counter-nodality in financial systems is credit. [3] In respect of financial institutions, let deposits = D, loans etc. = L, cash in hand = C, and capital = K. Then: assets = L + C, liabilities = D + K, so that L + C = D + K. Differentiating with respect to time: dL/dt + dC/dt = dD/dt; K being fixed, dK/dt = 0. Assuming cash in hand is kept constant, dC/dt = 0. Therefore dL/dt = dD/dt, which means that loans create deposits and the repayment of loans cancel deposits. ---original message--- Date: Thu, 21 Aug 2003 15:59:58 -0400 From: [EMAIL PROTECTED] [snipped] ____________________________________________________________ Get advanced SPAM filtering on Webmail or POP Mail ... Get Lycos Mail! http://login.mail.lycos.com/r/referral?aid=27005 --^---------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^----------------------------------------------------------------
