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W. Brian Arthur (Part 2) on "Prim Dreams of Order vs. Messy Vitality" in Economics, Math, and Physics
COMPLEXITY
New ‚math’: computation
The questions of change and formation are crucial for the economy. Standard mathematics and economics may not capture the idea of new structures and processes affecting each other. Computation, including simulations and number crunching, can address this. Process algebras are available but not commonly used.
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