5 Questions You May Have asked: What is Economic Complexity and Which Countries are Increasing Their Economic Complexity?
Yawyawboadu.substack.com
5 Questions You May Have asked: What is Economic Complexity and Which Countries are Increasing Their Economic Complexity?
Complexity basically means that everything is circuitous and hard to understand. Hard to understand means that the things that lead to the things you want aren't the things you want. They're very complex. So you need to do things like work on vacuum tubes to get to computers because vacuum tubes are in the first computers, even though vacuum tubes ... See more
Patrick O'Shaughnessy • Greatness Without Goals
sari added
It would be a lot more useful to measure how well the economy and its various sectors catalyze emergence of human well-being. This is not extremely easy to measure but it can be done in a way that's far less fudgy than current standard attempts to measure economic productivity.
Ben Goertzel • We Should Be Measuring Well-Being Catalysis, Not (trying and largely failing to measure) Economic Productivity
sari added
Complexity Explained
complexityexplained.github.ioJason Badeaux added
models. Complexity economics is basically seeing the economy not as a machine, balanced and perfect and humming along, but as an ecology.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Complexity economics views the economy as a system not necessarily in equilibrium, but rather as one where agents constantly change their actions and strategies in response to the outcomes they mutually create.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Beyond the definitions, science, and patterns that emerge, the field of complexity fascinates me because of how it has captured the imagination and interest of some of the world’s smartest people.
Noah Brier • The Complexity Edition
Keely Adler added
In science complexity is considered a cost, which must be justified by a sufficiently rich set of new and (preferably) interesting predictions of facts that the existing theory cannot explain. This was the challenge we had to meet.
Daniel Kahneman • Thinking, Fast and Slow
Kaustubh Sule added
“Complexity science,” the SFI website explains, “attempts to find common mechanisms that lead to complexity in nominally distinct physical, biological, social, and technological systems.”
Noah Brier • The Complexity Edition
Keely Adler added