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J. Doyne Farmer on The Complexity Economics Revolution

Offered By: Santa Fe Institute via YouTube

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Climate Change Courses Innovation Courses Externalities Courses Inequality Courses

Course Description

Overview

Explore the groundbreaking field of complexity economics in this illuminating talk by J. Doyne Farmer at the Santa Fe Institute. Delve into the origins of chaos theory and its evolution into complexity economics, which integrates models from various scientific disciplines to enhance our understanding of economic systems. Learn how this revolutionary approach addresses critical issues such as value flow through networks, decision-making processes, and technological evolution. Discover insights on bounded rationality, market ecology, leverage, and their impacts on economic stability. Examine the application of complexity economics to pressing global challenges like climate change and inequality. Gain perspective on the future of economics, including innovative concepts for central banking and the role of cryptocurrencies in the evolving financial landscape.

Syllabus

Introduction
What is randomness
A Card Counter in Vegas
The Chaos Cabal
Identifying Unasked Questions
Bounded rationality
Market ecology
Leverage
The Finite Time Singularity
Externalities
Climate change
Inequality
Incentives
Best and Worst Ideas in Economics
Central Bank of the Future
The Meta
Cryptocurrencies


Taught by

Santa Fe Institute

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