The Radford Free Press – Page 50 – All life is problem solving.

Economics / Ayres, Coase, Dupre, economic ontology, evolutionary economics, Georgescu-Roegen, Lawson, Mäki, Richardson, Vromen /

Ontology, Framing, and All That Jazz

July 21, 2020

The collection of papers edited by Uskali Mäki and published in 2001 under the title: “The Economic World View, Studies in the Ontology of Economics” seems to be quite pertinent given the reaction to my recent comments on complexity. It is a wonderfully rich source of thought about what, exactly, economics is, which is something that […]

Economics / Adam Smith, complexity, Cosmides, Gell-Mann, Lionel Robbins, malthus, Plotkin, primary knowledge, secondary knowledge, Tooby /

More Complexity

July 14, 2020

Economists have been talking about complexity for a very long time. This may surprise many of you given the state of mainstream economics, but it is true. A good place to discover a preliminary history of complexity in economics would be the short volume edited by David Colander published in 2000. The papers it contains were all presented at […]

Economics / Brian Arthur, complexity, entropy, Goodwin, Hayek, Hidalgo, information, Kaldor, Keynes, Marshall, Schumpeter, Shackle, Sraffa /

Complex Ideas

July 8, 2020

The economy as a sea of information, constantly churning, far from equilibrium, with computation its key activity. It is complex. It is inscrutable to any method that fails to accommodate its multitude of layers, interconnections, feedback loops, and constant dynamism. Since reading Ilya Prigogine ages ago I have never understood how anyone could not view the […]