Predicting future of the Planet with J. Doyne Farmer I Reason with Science | Complexity Economics

Can economics help us create a sustainable future? Our guest is Doyne Farmer, Director of the Complexity Economics Programme at Oxford University. Trained as a physicist, he’s spent his career studying chaos, complex systems, and prediction, and now applies those ideas to economics, sustainability, and climate change. In this episode, we’ll talk about why traditional economic models often fail, how complexity economics gives us new tools to understand markets, and what agent-based models and heterogeneity can teach us about the real economy. We’ll look at chaos, business cycles, and equilibrium, and draw surprising parallels between biology, supply chains, and innovation.Guest info: Website: https://www.doynefarmer.com/Bluesky: https://bsky.app/profile/doynefarmer.bsky.socialEpisode links: Website: https://reasonwithscience.com/predicting-future-of-the-planet-with-j-doyne-farmerYoutube: https://youtu.be/i7T-1m7s2rYSpotify: https://open.spotify.com/episode/0Mmqc9hETV1yrgxgvv8rHk?si=MxqQzImoR2W0k6W7AvM9pgApple podcast: https://podcasts.apple.com/us/podcast/predicting-future-of-the-planet-with-j-doyne-farmer/id1641776894?i=1000731754638YouTube music: https://music.youtube.com/watch?v=i7T-1m7s2rY&si=OANPQABq3CgX6znIFollow Reason with Science: Website: ⁠⁠⁠https://www.reasonwithscience.com/ ⁠⁠⁠Youtube: ⁠⁠⁠https://www.youtube.com/@ReasonwithScience⁠⁠⁠ Spotify: https://open.spotify.com/show/5qFLGsPWjL4GAGidmF2nKh Apple podcast: https://podcasts.apple.com/us/podcast/reason-with-science/id1641776894 YouTube music: https://music.youtube.com/playlist?list=PLila1Jm-QEwKu4xXtNpYFAsSDmPR9mlZB&si=5ehXeZhZ-z181G5b