I was researching the European Stability Mechanism this morning for a paper on the evolution of the euro, and I ran across this gem of economics art on the ESM webpage.
(The ESM is sort of europe's internal IMF that can lend money to strapped governments with conditions.)
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Which is, of course, an even more complex example of the classic "parents, teachers, students working together" gear poster: https://starecat.com/education-works-best-when-all-the-parts-are-working-teachers-students-parents-graph-poster-cogs-fail/
ReplyDeleteLOL yeah might overlook an economist not understanding simple gears, but on an education poster - front and center - and only three gears - still a fail.
DeleteWhat I get from the organisationally complex set of intermeshed gears is great difficulty at communication, making decisions and accountability -- all attributes of bureaucrazy's...
DeleteLove the blog and it is a must read for me.
ReplyDeleteHowever you can 100% put toothed belts on gears. Heck, IIRC, the vast majority of Harley bikes are belt drive.
I had the same response... For the same reason. This is the first time I could poke a hole at a Grumpy observation!
DeleteWell, yes, but then you would have a toothed belt, not a flat belt. : )
DeleteIf one looks carefully one sees that if the Board of Governors is turning clockwise, it is twirling both the Managing Director and the Board of Directors counterclockwise, but the Board of Directors is then pushing the Managing Director clockwise. No woik.
DeletePoint to John..................
DeletePoint to John......
Delete'Love the idea that you saw these gears could not turn - says a lot...
ReplyDeleteSee what you get when you let artists figure things out? All imagination, no reality. There you go, Neil Young. Oh - and there you go, all you poets writing about climate change in the editorial pages.
ReplyDeleteMany years ago, in an interview with Amoco, the interviewer asked me: is geology an art or a science? My response was that science is the highest form of art: while artists are free to indulge whatever fancy they like, scientists must create within the narrow boundaries of reality.
That one made me laugh, that's funny. Even looking past the interlocking gears I'm wondering how a traditional org chart could look. How do all those committee's make decisions?
ReplyDeleteI prefer my interactive graphics 😎
ReplyDeletehttps://modeloseconomicos.w3spaces.com/index.html