2min chapter

Simplifying Complexity cover image

What is complexity science and why should you care about it?

Simplifying Complexity

CHAPTER

Thinking Beyond Equilibrium

A lot of our thought is about the static behavior of things. Most of economic theory is about equilibrium. But oddly enough, the theories haven't reflected that dynamical property. We've had to develop methods that was what Lorenz did to study these nonlinear dynamical systems.

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