The Economy and Complexity Science: Part 1
Simplifying Complexity
00:00
Economists Are Trying to Get the Basics Right
I think economics was quite sensible in that it was trying to get the basics right. Economists relied very heavily on a concept called diminishing returns. Diminishing returns means the more you do of something, either the harder it gets or the more adverse it gets. And I think this is very right and correct.
Transcript
Play full episode
