Reductionism vs Emergence: A Philosophical Debate

This chapter delves into the philosophical tension between reductionism and emergence, particularly in the analysis of complex systems such as economic transactions. It discusses how various forms of reductionism coexist with emergent phenomena and emphasizes the importance of methodological and epistemological distinctions. The conversation also explores pluralistic metaphysics, asserting that all levels of reality are interconnected and that emergent entities possess their own causal powers.