This chapter explores the contrasting terminologies and methodologies of anthropology and mainstream economics. It emphasizes the importance of interdisciplinary collaboration while contemplating the future of unconventional economic theories in academia.
Physicist J. Doyne Farmer wants a new kind of economics that takes account of what we've learned from chaos theory and that builds more accurate models of how humans actually behave. Listen as he makes the case for complexity economics with EconTalk's Russ Roberts. Farmer argues that complexity economics makes better predictions than standard economic theory and does a better job dealing with the biggest problems in today's society.
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