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In complexity economics, agents differ and in general lack full knowledge of each other and of the situation they are in. Fundamental uncertainty is therefore the norm; ill-defined problems are the norm; and rationality is not necessarily well defined. Agents explore and learn and adapt and open to novel behavior. Outcomes may not be in
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
future.a16z.com • 21 Experts on the Future of Expertise - Future
When the technologies that are shaping the new millennium are considered, it is far more likely that we will see not one world government, but microgovernment, or even conditions approaching anarchy.
James Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
These three factors – data-driven remote management, a globally connected market, and access to specialized capabilities on demand – have transformed the nature of economic power.
Sangeet Paul Choudary • Reshuffle: Who wins when AI restacks the knowledge economy
“we have entered a different phase for the economy, a new era where production matters less and what matters more is access to that production: distribution, in other words—who gets what and how they get it”[282]. In this context, there
Nicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
“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
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