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Intriguingly, when prosperity skyrocketed in recent centuries, it did so only in some parts of the world, triggering a second major transformation unique to our species: the emergence of immense inequality across societies.
Oded Galor • The Journey of Humanity: The Origins of Wealth and Inequality
Two great problems in Economics Allocation in the Economy Quantities: General equilibrium, international trade, game-theory outcomes . . . Formation in the Economy Processes: Of econ development, discovering novel technologies, structural change, arrival of new institutions, temporary phenomena like bubbles, crashes . . . The former is mathematizab
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Nature of the Universe (TANSTAAFL)
Löwy Juval • Righting Software
Nature of the Universe (TANSTAAFL)
Löwy Juval • Righting Software
“The Global Economy as an Adaptive Process,” at seven pages and zero equations, is well worth a read. Holland recounts many, now familiar, difficulties in mathematical analysis of economics that assume linearity, exclusively negative feedback loops, equilibria, and so on, before proposing that the economy is best thought of as what he calls an adap
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
“The Global Economy as an Adaptive Process,” at seven pages and zero equations, is well worth a read. Holland recounts many, now familiar, difficulties in mathematical analysis of economics that assume linearity, exclusively negative feedback loops, equilibria, and so on, before proposing that the economy is best thought of as what he calls an adap
... See more