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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 a Way to Conciliate Uncertainty and Intuition?
The economy is an enormously complicated system, and we have different ways or instruments of understanding it. We can examine history, we can exam statistics, we can do a lot of armchair theorizing and thinking through we can do some mathematics. But none of these can capture an actual economy. So i think that what i'd like to see is respect for many ways of looking at the economy,. including armchair inside, historical comparison, statistics, mathematics itselfa algebraic analysis, and now something else: algarithmic mathematics.
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