The Radford Free Press – Page 54 – All life is problem solving.

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 […]

Economics, Politics / economic theory, Keynesian economics, Paul Samuelson, plutocracy, Robert Solow, Zachary Carter /

Carter on Keynes

June 25, 2020

The biography of Keynes by Zachary Carter ends on a decidedly wimpy note. The concluding chapter is devoted to the financial crisis of 2008 and the subsequent half-hearted sort-0f-Keynesian policy response. Whilst Carter seems fine with his condemnation of neoliberal policies and is clear about the abject failure of the notion that financial markets act […]