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W. Brian Arthur (Part 2) on "Prim Dreams of Order vs. Messy Vitality" in Economics, Math, and Physics
COMPLEXITY
Is There Any Mathematics That Will Take Care of That?
The economy is always exploring and as processes of finding completely new things and re structuring itself. But there's no way in 19 70 or 19 80, even in my opinion, where you could see any of that coming. We have to be careful about using standard mathematics and economics. I think not so much in terms of computers or cranking through things, but in terms of thinking algaritmically.
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