Chaos and Complexity Economics (with J. Doyne Farmer)

What this episode covers

Physicist J. Doyne Farmer wants a new kind of economics that takes account of what we've learned from chaos theory and that builds more accurate models of how humans actually behave. Listen as he makes the case for complexity economics with EconTalk's Russ Roberts. Farmer argues that complexity economics makes better predictions than standard economic theory and does a better job dealing with the biggest problems in today's society.

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How long is this episode of EconTalk?

This episode is 1 hour and 5 minutes long.

When was this EconTalk episode published?

This episode was published on August 26, 2024.

What is this episode about?

Physicist J. Doyne Farmer wants a new kind of economics that takes account of what we've learned from chaos theory and that builds more accurate models of how humans actually behave. Listen as he makes the case for complexity economics with...

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