Simplifying Complexity

Is complexity economics the answer?

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May 13, 2024
Nicholas Gruen, CEO of Lateral Economics, discusses the limitations of traditional economic models, advocates for critical thinking in problem-solving within complex systems, and debates the relevance of complexity economics. The episode explores the balance between creativity and rigor in decision-making, reevaluates the impact of scale economies on trade models, and emphasizes the need for critical thinking in navigating economic paradigms.
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