>"An urgent mystery."

"John Nash’s notion of equilibrium is ubiquitous in economic theory, but a new study shows that it is often impossible to reach efficiently."

Here's a kind of interview with Yaneer Bar-Yam on some research the New Englang Complex Systems Institute (NECSI) has been working on for the past couple years. What sticks out: economics in terms of capital flows. NECSI has a lot of _...Read More_

In my opinion any serious discussion of economics in the era of blockchain networks needs to face the facts of non-equilibrium dynamics and non-ergodic stochastic processes. Here is a primer on economic theory under more realistic _...Read More_