
Making Sense of Chaos
A Better Economics for a Better World
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Narrated by:
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J. Doyne Farmer
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By:
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J. Doyne Farmer
About this listen
From a pioneer in the field of complexity science and chaos theory, a plan for solving the world’s most pressing problems
“Farmer convincingly argues that by using big data and today’s more powerful computers, we can build more realistic models and simulations of the global economy. . . . Farmer’s vision will undoubtedly be significant in how economics evolves.”—Tej Parikh, Financial Times, “Best New Books on Economics”
“Both a manifesto for a revolution in economics and a memoir of an unusual career.”—Ed Ballard, Wall Street Journal
We live in an age of increasing complexity—an era of accelerating technology and global interconnection that holds more promise, and more peril, than any other time in human history. The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarization, and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed.
Many books have been written about J. Doyne Farmer and his work, but this is the first in his own words. It presents a manifesto for how to do economics better. In this tale of science and ideas, Farmer fuses his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society.
Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions—to better address the hard problems facing the world.
©2024 J. Doyne Farmer (P)2024 Penguin AudioListeners also enjoyed...
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Astrophysicist Neil deGrasse Tyson has attracted one of the world’s largest online followings with his fascinating, widely accessible insights into science and our universe. Now, Tyson invites us to go behind the scenes of his public fame by unveiling his candid correspondence with people across the globe who have sought him out in search of answers. In this hand-picked collection of 100 letters, Tyson draws upon cosmic perspectives to address a vast array of questions about science, faith, philosophy, life, and of course, Pluto.
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Dear Neil...
- By Tina G. on 10-14-19
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Welcome to the Universe
- An Astrophysical Tour
- By: Michael A. Strauss, J. Richard Gott, Neil deGrasse Tyson
- Narrated by: Michael Butler Murray
- Length: 17 hrs and 53 mins
- Unabridged
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Welcome to the Universe is a personal guided tour of the cosmos by three of today's leading astrophysicists. Inspired by the enormously popular introductory astronomy course that Neil deGrasse Tyson, Michael A. Strauss, and J. Richard Gott taught together at Princeton, this book covers it all - from planets, stars, and galaxies to black holes, wormholes, and time travel.
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All About What We Know About the Universe - ALL
- By J.B. on 02-17-17
By: Michael A. Strauss, and others
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Ranger Confidential
- Living, Working, and Dying in the National Parks
- By: Andrea Lankford
- Narrated by: Julia Motyka
- Length: 9 hrs and 28 mins
- Unabridged
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The real stories behind the scenery of America’s national parks. For 12 years, Andrea Lankford lived in the biggest, most impressive national parks in the world, working a job she loved. She chaperoned baby sea turtles on their journey to sea. She pursued bad guys on her galloping patrol horse. She jumped into rescue helicopters bound for the heart of the Grand Canyon. She won arguments with bears. She slept with a few too many rattlesnakes. Hell yeah, it was the best job in the world! Fortunately, Andrea survived it.
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Depressing from Cover to Cover
- By Drew (@drewsant) on 04-13-15
By: Andrea Lankford
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The Quantum Universe
- (And Why Anything That Can Happen, Does)
- By: Brian Cox, Jeff Forshaw
- Narrated by: Samuel West
- Length: 8 hrs and 28 mins
- Unabridged
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In The Quantum Universe, Brian Cox and Jeff Forshaw approach the world of quantum mechanics in the same way they did in Why Does E=mc2? and make fundamental scientific principles accessible - and fascinating - to everyone.The subatomic realm has a reputation for weirdness, spawning any number of profound misunderstandings, journeys into Eastern mysticism, and woolly pronouncements on the interconnectedness of all things. Cox and Forshaw's contention? There is no need for quantum mechanics to be viewed this way.
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Not suitable as an audio book
- By SPN on 03-29-22
By: Brian Cox, and others
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The Structure of Scientific Revolutions
- By: Thomas S. Kuhn
- Narrated by: Dennis Holland
- Length: 10 hrs and 14 mins
- Unabridged
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A good book may have the power to change the way we see the world, but a great book actually becomes part of our daily consciousness, pervading our thinking to the point that we take it for granted, and we forget how provocative and challenging its ideas once were - and still are. The Structure of Scientific Revolutions is that kind of book.
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The problem is not with the book
- By Marcus on 08-09-09
By: Thomas S. Kuhn
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What listeners say about Making Sense of Chaos
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Amazon Customer
- 02-20-25
A Very Important Book and a Great Story of Perseverence
100 years from now, the material in the book may be essential reading for all economic students! I wish it had been around when I did my undergrad degree. Thanks to the author for persevering in the face of conventional wisdom, and ensuring his work was visible and accessible to a mainstream audience.
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- dmh00000
- 08-25-24
Doyne Farmer is brilliant but...
I am all in on complexity science as the only way to examine the economy. I have been fascinated with complexity science since the early 90s and have read roughly 25 books on the topic.
Conventional macroeconomics is a joke. The tools are antiquated and the analysis tainted by assumptions that have been disproven repeatedly. That makes this story that Doyne set out to tell here so important.
Unfortunately, he was the wrong person to write and tell this story.
This book desperately needed a writer and EDITOR that organized the material and story much more logically than is told here. Doyne has made so many wonderful contributions to complexity science that he lost the thread of the story he is telling -- why complexity science is a superior methodology for analyzing, forecasting and managing the economy -- and instead continously peppered the narrative with tangentially related stories of his research, which are fascinating but often seem wandering.
i would still recommend this book but i firmly believe there is a better one to be written on this topic and i sincerely hope someone writes it.
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- Jacob Brenner
- 11-26-24
The best economics book I’ve ever read
I’m a professional scientist, and I read pop-science books in nearly every field, except economics. I’ve never felt the economics models were realistic or useful, but I could not quite put my finger on why. This book explains the problems with the fundamental assumptions of classical Econ (utility maximization, equilibria, rational strategies under near perfect information flow). Then it gives a simple solution, agent based models (ABMs), which work well in nearly every field, but seem particularly suited for Econ. The book also explains the key concepts in complexity science. Well written, humble author who is a luminary in the field, and good narration.
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