Ricardo Hausmann

As our world knits together, economic interdependencies change in both shape and nature. Supply chains, finance, labor, technological innovation, and geography interact in puzzling nonlinear ways. Can we step back far enough and see clearly enough to make sense of these interactions? Can we map the landscape of capability across scales? And what insights emerge by layering networks of people, firms, states, markets, regions? We’re all riding a bucking horse; what questions can we ask to make sure that we can stay in the saddle?Welcome to COMPLEXITY, the official podcast of the Santa Fe Institute. I’m your host, Michael Garfield, and every other week we’ll bring you with us for far-ranging conversations with our worldwide network of rigorous researchers developing new frameworks to explain the deepest mysteries of the universe.This week on Complexity, we speak with two SFI External Professors helping to rethink political economy: newly-appointed Science Board Co-Chair Ricardo Hausmann (Website, Wikipedia, Twitter) is the Director of the Harvard Growth Lab and J. Doyne Farmer (Website, Wikipedia) is Director of the Complexity Economics program at the Institute for New Economic Thinking at the Oxford Martin School. In this episode we zoom wide to try and find a way to garden all together, learning limits that can help inform discussion and decisions on the shape of things to come…If you value our research and communication efforts, please subscribe, rate and review us at Apple Podcasts, and consider making a donation — or finding other ways to engage with us — at santafe.edu/engage. You can find the complete show notes for every episode, with transcripts and links to cited works, at complexity.simplecast.com. Heads up that our online education platform Complexity Explorer’s Origins of Life Course is still open for enrollment until June 1st! We hope to see you in there…Thank you for listening!Join our Facebook discussion group to meet like minds and talk about each episode.Podcast theme music by Mitch Mignano.Follow us on social media:Twitter • YouTube • Facebook • Instagram • LinkedInMentions and additional resources:The new paradigm of economic complexityPierre-Alexandre Balland, Tom Broekel, Dario Diodato, Elisa Giuliani, Ricardo Hausmann, Neave O’Clery, and David Rigbyin Research PolicyHow production networks amplify economic growthJames McNerney, Charles Savoie, Francesco Caravelli, Vasco M. Carvalho, and J. Doyne Farmer in PNASProductive Ecosystems and the arrow of developmentby Neave O’Clery, Muhammed Ali Yıldırım, and Ricardo Hausmann Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfareRicardo Hausmann and Ulrich Schetterin ScienceDirectHistorical effects of shocks on inequality: the great leveler revisitedBas van Bavel and Marten Schefferin Nature Humanities & Social Sciences Communications(Twitter thread)Complexity 56 - J. Doyne Farmer on The Complexity Economics RevolutionThe Multiple Paths to Multiple LifeChristopher P. Kempes and David C. Krakauer in Journal of Molecular EvolutionScaling of urban income inequality in the USAElisa Heinrich Mora, Cate Heine, Jacob J. Jackson, Geoffrey B. West, Vicky Chuqiao Yang and Christopher P. Kempesin Journal of The Royal Society InterfaceComplexity 12 - Matthew Jackson on Social & Economic NetworksComplexity 81 - C. Brandon Ogbunu on Epistasis & The Primacy of Context in Complex SystemsPitchfork Economicsby Nick Hanauer (podcast)Complexity 15 - R. Maria del-Rio Chanona on Modeling Labor Markets & Tech UnemploymentWill a Large Complex System be Stable?by Robert Mayin NatureInvestigationsby Stuart KauffmanThe Collapse of Networksby Raissa D’Souza (SFI Symposium Talk)

Join Ricardo Hausmann, a Harvard professor and economic complexity expert, as he delves into why some countries prosper while others struggle. He explains the concept of economic complexity and how a nation's economic growth can be predicted. Hausmann emphasizes the role of diversified exports and collective societal knowledge in driving development. He uses fascinating examples from countries like Bangladesh and Japan to illustrate how diversifying economies can lead to improved wealth. It's a deep dive into the intricate dance of economies and their evolution.

Economist Ricardo Hausmann and Yascha Mounk discuss the impact of globalization on social stratification, counterintuitive effects of brain drains and immigration on growth, and the overrating of corruption's economic effects.