Brian Arthur

Brian Arthur, storied economist and complexity thinker, discusses topics such as the evolution of technology, the role of software in shaping economic systems, the concept of increasing returns, and the representation of the human condition in Star Wars.

Brian Arthur, a leading economist in complexity economics and professor at the Santa Fe Institute, sheds light on the limitations of traditional economic models. He discusses how the pandemic highlighted irrational decision-making, like sawmills cutting production due to past fears. Arthur advocates for complexity economics, which embraces uncertainty and the dynamic interplay of participants. He argues that this approach can better explain unpredictable market behaviors and the intricate web of supply chain issues we face today.