5min chapter

COMPLEXITY cover image

Ricardo Hausmann & J. Doyne Farmer on Evolving Technologies & Market Ecologies (EPE 03)

COMPLEXITY

CHAPTER

Ecology - The Interactions of Specialists

Ecology is about the interactions of specialists. So we can s have a trophic level, grassis at the bottom, zebras are in the middle, lions are at the top. Adam smith realizes that specialization is the key to the way the economy works. And ecology also sets up how evolution happens. S the environment that a firm is evalding in depends on the entire ecology that the firm is sitting in. If you want to reduce inequality, for example, you had better understand what's causing it in the first place.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode