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They will underline however tha... See more
Rakesh Bhandari • Tweet
who are assumed to want to maximize their utility10 U,
Luis M. A. Bettencourt • Introduction to Urban Science: Evidence and Theory of Cities as Complex Systems
more sensible explanations for how the economy changes from within itself.
J. Doyne Farmer • Making Sense of Chaos: A Better Economics for a Better World
Where does complexity economics find itself now? Certainly, many commentators see it as steadily moving toward the center of economics. And there’s a recognition that it is more than a new set of methods or theories: it is a different way to see the economy. It views the economy not as machinelike, perfectly rational, and essentially static, but as
... See moreJessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Tyler Cowen on the Great Stagnation’s End
open.spotify.comEducation economist Greg Duncan,
David Epstein • Range: Why Generalists Triumph in a Specialized World
no more need to have them enforce our contracts.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Currently, Eurozone members have chosen the first option (a) after the introduction of the euro. By contrast, Harvard economist Dani Rodrik advocates the use of the third option (c) in his book The Globalization Paradox , emphasising that world GDP grew fastest during the Bretton Woods era when capital controls were accepted in mainstream economics
... See morewikipedia.org • Impossible trinity
Economics is broken. It has failed to predict, let alone prevent, financial crises that have shaken the foundations of our societies. Its outdated theories have permitted a world in which extreme poverty persists while the wealth of the super-rich grows year on year. And its blind spots have led to policies that are degrading the living world on a
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