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

COMPLEXITY

CHAPTER

The Relationship Between Different Classes of Economic Activities

i think there is a very deep history at s f i in thinking about these things through the lens of ecology and evolutionary biology. We talked about this villa early in the show with brian arthur in episodes 13 and 14, about the application of evolutionary models to the economy as a non equilibrium system. And more recently, simon levin and andrew low wrote the co edited special issue at p n a s on the tion of evolutionarymodels to financial markets. So anyway, i just love to hear you expound on relatedness before we go a little bit more deeper into production networks and supply chain relationships.

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