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Origins Of The Santa Fe Meeting
- Ken Arrow invited Brian Arthur to a small September 1987 meeting in Santa Fe that paired economists and scientists.
- That gathering became the seed for what turned into the Santa Fe Institute.
An Interdisciplinary Who's Who
- The 1987 meeting included economists like Larry Summers and Tom Sargent and scientists like John Holland and Stuart Kauffman.
- Philip Anderson openly challenged the standard economic assumptions in front of the group.
Limits Of Orthodox Economic Assumptions
- Arthur observed that standard economics assumed identical, hyper-rational agents and equilibrium.
- Physicists and biologists found those assumptions implausible for complex adaptive systems.