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David Krakauer on Emergent Political Economies and A Science of Possibility (EPE 01)

COMPLEXITY

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Is There a Difference Between Algebra and Algarythmic Thinking in Economics?

The academic world has, up until now, really largely ignored these kinds of styles of thinking that could enrich the field. The algarhythmic world view is just one of many, and very powerful ones. We have to be care fl about over extending metaphors. There's huge amounts of work by people like anamonversky and others on bias in decision making. But how we put our psychology into our models is very far from obvious. These could be transients. What kinds of frameworks would be appropriate if we're not at equilibrium?

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