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Podcast: Hidden Forces
Episode:

Complexity Theory, Complexity Science and Chaos | A Conversation with W. Brian Arthur
Category: Business
Duration: 0
Publish Date: 2017-04-10 04:11:00
Description:

In Episode 7 of Hidden Forces, host Demetri Kofinas speaks with one of the pioneers in complexity theory and complexity science, W. Brian Arthur. Brian Arthur has long been associated with the Santa Fe Institute, having served on its board of trustees and its board of science. He has been described by Fortune Magazine, as “one of the country’s leading economic thinkers,” and he is best known for his pioneering work on the operation of high-technology markets. He is the author of numerous papers and books, including “The Nature of Technology: What it is and How It Evolves,” and “Complexity and the Economy,” a collection of papers on economics and financial markets examined from the perspective of complexity theory.

In this episode, Demetri Kofinas examines the emerging fields of complexity theory and complexity science. Brian Arthur educates us on the interdisciplinary history of complexity theory. It is a history replete with the work of mathematicians, physicists, philosophers, ecologists, biologists, etc. It is a field bound together not by its adherence to perfection, but by the imperfections of the natural world. This is an episode that moves far from equilibrium. Complexity theory is messy. It zigs and it zags. Demetri Kofinas and W. Brian Arthur cover the booms and the busts of Joseph Schumpeter. They examine the information-laden price signals of Friedrich Hayek. They circle the chaotic orbits of Joseph Ford. They scale the infinite fractals of Benoit Mandelbrot. Demetri Kofinas asks Brian Arthur about information theory, cryptography, and quantum potentiality. Both dive deep into the waves that make markets and life so volatile, a volatility that is born of a universe whose countless mysteries we can never fully understand.

Producer & Host: Demetri Kofinas

Editor: Connor Lynch

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