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SCOUT· 68%1h 11m·2024-10-21·Science
SCOUT· 68%1h 11m·2024-10-21·Science293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas · 293
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. Nevertheless, many economic…
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