PeterD π©πͺ π¨π¦
@ksaust One more book which is not about #ClimateChange. I dug into #Economics for several years after the #FinacialCrisis of 2008. My precious nest egg was invested. -->> "The Origin of Wealth: The Radical Remaking of Economics and What it Means for Business and Society" by Eric D. Beinhocker I found the simulation #Sugarscape fascinating. But my #1 take was and is that #Economics is a "complex adaptive system" and therefore can't really be managed as it continuously evolves.
@hosford42 2 of 2
I came across "complex adaptive system" reading Eric #Beinhocker's book: "The Origin of Wealth" where he discusses conventional #economics vs "complex adaptive system" economics and also an economic simulation called #Sugarscape.
@jef Read Hofstadter, Pirsig, I am still puzzled about that one. Wright - Nonzero - Good. And Watts.
Have a go at Eric Beinhocker's Wealth https://www.amazon.ca/Origin-Wealth-Remaking-Economics-Business/dp/1422121038
#ComplexAdaptiveSystem #Sugarscape
Have a go at Eric Beinhocker's Wealth https://www.amazon.ca/Origin-Wealth-Remaking-Economics-Business/dp/1422121038
#ComplexAdaptiveSystem #Sugarscape
@hannu_ikonen @maggiejk @augieray #YUP. The #GoldenCalf aka #ExtremCapitalism aka #Gold aka #Greed has won. Can't have the #Economy go down the tubes and the #HoiPolloi revolt. So - #Greed it is. #Sugarscape?!
@markkrueg Super πβ After the 2008 Financial Crash researched economics any which way. I had never agreed with their mantra that humans are rational. Like hell. Over the years I have come across #Complexity again and again. And I just love this statement: economics is an "adaptive complex system". Bingo. The book also mentions an AI life experiment called #Sugarscape. Fascinating! https://en.wikipedia.org/wiki/Sugarscape
@markkrueg I think I will steal your bio. πβ
Have you read: "The Origin of Wealth: The Radical Remaking of Economics and What it Means for Business and Society" by Eric Beinhocker. Best explanation of #Economics yet. All previous ones were lacking. He states that economics is an "adaptive complex system". I add: " like the universe." And there is AI life living in a world called #Sugarscape.
Have you read: "The Origin of Wealth: The Radical Remaking of Economics and What it Means for Business and Society" by Eric Beinhocker. Best explanation of #Economics yet. All previous ones were lacking. He states that economics is an "adaptive complex system". I add: " like the universe." And there is AI life living in a world called #Sugarscape.
@BDSandi @evelyntheriault I always thought that economics was dry and irrational despite the claims of economists that it is rational. Eric Beinhocker does a superb job explaining economics. See his: "The Origin of Wealth: The Radical Remaking of Economics and What it Means for Business and Society" https://www.amazon.ca/Origin-Wealth-Remaking-Economics-Business/dp/1422121038 I was and am into computers and the #SugarScape simulation is fascinating.
@DJDynamicNC The short answer is #UGH. The long answer is Eric Beinhocker's "The Origin of Wealth: The Radical Remaking of Economics and What it Means for Business and Society" https://www.amazon.ca/Origin-Wealth-Remaking-Economics-Business/dp/1422121038
#Economics is a "complex adaptive system" and therefore can't be managed and ditto for capitalism. #SugarScape
#Economics is a "complex adaptive system" and therefore can't be managed and ditto for capitalism. #SugarScape
@Jason_A_Evans I enjoyed reading: "The Origin of Wealth: The Radical Remaking of Economics and What It Means for Business and Society
by Eric D. Beinhocker" Best book on economics yet. He states that: "Economics is a 'complex adaptive system'" and I totally agree. He talks about #Sugarscape - a simulation of artificial agents looking for #sugar.
by Eric D. Beinhocker" Best book on economics yet. He states that: "Economics is a 'complex adaptive system'" and I totally agree. He talks about #Sugarscape - a simulation of artificial agents looking for #sugar.