I'm not really all that mysterious

Growth of Capitalist Economies

I honestly don’t understand why everyone uses exponential curves for their models when sigmoidal curves seem to better model reality for lots of phenomena: population growth, language change, diffusion of innovation… and perhaps even the growth of capitalist economies.

logistic growth curve

Standard logistic sigmoid function • Wikipedia

Economics Might Be Very Wrong About Growth • 2016 Jan 28 • Mark Buchanan • Bloomberg View

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