
Making Sense of Chaos (with Doyne Farmer)
Pitchfork Economics with Nick Hanauer
Rethinking Economic Models: Complexity and Predictions
This chapter delves into the limitations of traditional economic frameworks, advocating for complexity economics to better understand real-world dynamics and decision-making. It highlights advancements in computational modeling and contrasts equilibrium with non-equilibrium approaches, especially in the wake of the COVID-19 pandemic. The discussion examines the impacts of government policies and tax structures on the economy, emphasizing the need for nuanced models that reflect societal challenges.
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