J. Doyne Farmer on The Complexity Economics Revolution

Complexity | 26 March 2021 | 1h 04m | Listen Later | iTunes
Interview with J. Doyne Farmer about ideas from his upcoming book The Complexity Economics Revolution. Discusses how ecology inspires novel forms of macroeconomics; how “bounded rationality” changes the narrative about rational self-interested economic actors; modelling markets with noise traders, value investors and trend followers as an ecological system; how leverage leads to greater instability; how new tools can help us predict emerging innovations and engineer a better banking system; the skewed incentives of science funding and venture capital; his take on cryptocurrencies; and more.

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