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D. Rolling Kearney


“By studying the echoes or reflections of the recoil impulse in the airframe, it is possible to discover critical vibrations in the structure of the airframe which either vibrations of the engine or aeolian vibrations of the wings, or a combination of the two, might reinforce resulting in a resonant self- destruction of the airframe in flight as an aircraft. From the standpoint of engineering, this means that the strengths and weaknesses of the structure of the airframe in terms of vibrational energy can be discovered and manipulated.

Application in Economics

To use this method of airframe shock testing in economic engineering, the prices of commodities are shocked, and the public consumer reaction is monitored. The resulting echoes of the economic shock are interpreted theoretically by computers and the psycho-economic structure of the economy is thus discovered. [Ed. note: recall the 1973 Arab oil embargo (OPEC) crisis. “The 1973 “oil price shock”, along with the 1973–1974 stock market crash, have been regarded as the first event since the Great Depression to have a persistent economic effect.” 5] It is by this process that partial differential and difference matrices are discovered that define the family household and make possible its evaluation as an economic industry (dissipative consumer structure).

Then the response of the household to future shocks can be predicted and manipulated, and society becomes a well-regulated animal with its reins under the control of a sophisticated computer- regulated social energy bookkeeping system.

“Eventually every individual element of the structure comes under computer control through a knowledge of personal preferences, such knowledge guaranteed by computer association of consumer preferences (universal product code, UPC; zebra-striped pricing codes on packages) with identified consumers (identified via association with the use of a credit card and later a permanent “tattooed” body number invisible under normal ambient illumination).

Recall that this manual was printed in 1979, when credit cards were in their infancy. 30 years later, they (and debit cards) have all but eliminated the use of both cash and checks. Also, consider all the “preferred customer cards” in existence which most grocery store chains require for one to receive special prices, as well as shopping club cards, chain membership cards, etc. For decades now, all this purchasing data has been fed into mathematical algorithms that sort through it all and provide an extremely accurate snapshot of the mindset of not only the nation as a whole, not only specific national demographics, but also the precise general mentality and emotional/reactionary pulse of states, counties, cities, suburbs, districts, even local blocks and the demographic nuances within them. In the late



Oil Price Shock Research - Princeton

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Source: Perron, P.; University, Princeton; Program, Econometric Research (1988) The Great Crash, the Oil Price Shock and the Unit Root Hypothesis. Econometric Research Program, Princeton University Princeton, New Jersey.


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Oil Price Shock Research - Princeton

Download the Article: PDF (2.5 MB)