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Business, Innovation, and Managing Life (June 22, 2022)

The Stephen Wolfram Podcast

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The Future of Economics

There are always the unexpected bugs. You think you've written a program that just does this, but actually something happens that you didn't expect. That's kind of a side effect of this phenomenon of computational irreducibility. One of the things about economics is, is there a way of sort of controlling things to the point where nothing unexpected will ever happen? I don't know exactly when Hayek and people like that were writing about similar kinds of issues in economics.

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