
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
From Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
Published 10/21/2024
A large economy is one of the best examples we have of complex dynamics. There are multiple components arranged in complicated overlapping hierarchies, out-of-equilibrium dynamics, nonlinear coupling and feedback between different levels, and ubiquitous unpredictable and chaotic behavior.…