Primary Functional Relativities in the Diagram of Rates of Flow

As represented below in the Diagram of Rates of Flow, in Functional Macroeconomic Dynamics the “basic terms are rates,” i.e. velocities, defined by their functional relations” among themselves  The fundamental terms are abstractly correlated precise analytical terms from which a superstructure of explanatory relations can be deduced to form a theoretical hypothesis. Thus, the basic abstract explanatory terms and relations are of scientific and explanatory significance.  The diagram is a model of the dynamic economic process. (Continue reading)

Diagram of Rates of Flow 2

Diagram of Rates of Flow

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