Complexity in Economics
The discussion highlights the challenges faced by those advocating for agent-based models in economics, where traditional views dominate. Central banks are increasingly open to these innovative approaches, recognizing the need for more accurate predictions. The conversation also touches on the marketing difficulties of complexity economics, which lacks the simplicity and elegance of mainstream economic models, yet aims to provide a richer understanding of human decision-making.In this clip
From this podcast
EconTalk
Chaos and Complexity Economics (with J. Doyne Farmer)
Related Questions