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W. Brian Arthur (Part 2) on "Prim Dreams of Order vs. Messy Vitality" in Economics, Math, and Physics
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I'd Like to Have a Catholic Approach to the Economy
i would like to see standard mathematics id as one very good way to look at the economy, but it looks in terms of things that are interrelated and objects that grow or not grow. We have a computational economics, or i prefer to think of it as algarithmic theory, and that shows you different things. But i don't think there's ever any end view, and i hope not, of a fully understanding an economy. In fact, the science keeps changing. And this is true in physics. As the instruments of understanding change, be they mathematical or mechanistic, then the science changes, then the understanding changes. So let's experiment and see how these systems work system
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