I’ve enjoyed you on many a pod cast and streaming channel and find your explanations incredibly helpful - and you were on with Charlie Sykes and refused to comment on something because you said it was not in your wheelhouse so definitely built my trust - so when I saw Platypus I immediately subscribed - but tell folks to get off the Crocodile Dundee references - you’re much cuter than Paul Hogan
This is what made we want to subscribe: "I’ve come to believe that one of the most important things I can do with my life is explain economics – clearly and honestly – to those who don’t have much of a background in it. Not talk at them. Not perform cleverness for my academic peers. Actually teach — and to do that, I have to find people and meet them where they are." This desire, coupled with the skill to make economics not only understandable but actually enjoyable, is why I subscribe. We, who are a variety of other sorts of nerds (I'm a quilt nerd, for example), need you.
I'm absolutely thrilled that you're joining Substack. I look forward to your shows with Waj Ali every month, and now I get more! Welcome and congratulations.
The economy is a complex adaptive system. Some of the most important characteristics of complex adaptive systems are:
The number of elements is sufficiently large that conventional descriptions (e.g. a system of differential equations) are not only impractical, but cease to assist in understanding the system. Moreover, the elements interact dynamically, and the interactions can be physical or involve the exchange of information
Such interactions are rich, i.e. any element or sub-system in the system is affected by and affects several other elements or sub-systems
The interactions are non-linear: small changes in inputs, physical interactions or stimuli can cause large effects or very significant changes in outputs
Any interaction can feed back onto itself directly or after a number of intervening stages.
The overall behavior of the system of elements is not predicted by the behavior of the individual elements.
Such systems may be open and it may be difficult or impossible to define system boundaries.
Complex systems operate under far from equilibrium conditions. There has to be a constant flow of energy to maintain the organization of the system
Agents in the system are adaptive. They update their strategies in response to input from other agents, and the system itself.
Elements in the system may be ignorant of the behavior of the system as a whole, responding only to the information or physical stimuli available to them locally.
I’m excited to see this new enterprise! If I could do my career again, I would study economics, not the weird route I’ve taken to politics and picture-framing. I’ve been a fan and amplified your pithy words as much as I can.
Congratulations on your new venture! So glad you’re doing it!
I’ve enjoyed you on many a pod cast and streaming channel and find your explanations incredibly helpful - and you were on with Charlie Sykes and refused to comment on something because you said it was not in your wheelhouse so definitely built my trust - so when I saw Platypus I immediately subscribed - but tell folks to get off the Crocodile Dundee references - you’re much cuter than Paul Hogan
This is what made we want to subscribe: "I’ve come to believe that one of the most important things I can do with my life is explain economics – clearly and honestly – to those who don’t have much of a background in it. Not talk at them. Not perform cleverness for my academic peers. Actually teach — and to do that, I have to find people and meet them where they are." This desire, coupled with the skill to make economics not only understandable but actually enjoyable, is why I subscribe. We, who are a variety of other sorts of nerds (I'm a quilt nerd, for example), need you.
I'm absolutely thrilled that you're joining Substack. I look forward to your shows with Waj Ali every month, and now I get more! Welcome and congratulations.
The economy is a complex adaptive system. Some of the most important characteristics of complex adaptive systems are:
The number of elements is sufficiently large that conventional descriptions (e.g. a system of differential equations) are not only impractical, but cease to assist in understanding the system. Moreover, the elements interact dynamically, and the interactions can be physical or involve the exchange of information
Such interactions are rich, i.e. any element or sub-system in the system is affected by and affects several other elements or sub-systems
The interactions are non-linear: small changes in inputs, physical interactions or stimuli can cause large effects or very significant changes in outputs
Any interaction can feed back onto itself directly or after a number of intervening stages.
The overall behavior of the system of elements is not predicted by the behavior of the individual elements.
Such systems may be open and it may be difficult or impossible to define system boundaries.
Complex systems operate under far from equilibrium conditions. There has to be a constant flow of energy to maintain the organization of the system
Agents in the system are adaptive. They update their strategies in response to input from other agents, and the system itself.
Elements in the system may be ignorant of the behavior of the system as a whole, responding only to the information or physical stimuli available to them locally.
I’m excited to see this new enterprise! If I could do my career again, I would study economics, not the weird route I’ve taken to politics and picture-framing. I’ve been a fan and amplified your pithy words as much as I can.
Finally economics for the rest of us.
Justin -- looking forward to seeing you at the ELC meeting in A2 this fall. Good luck with this!