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Transcript of W. Brian Arthur (Part 1) on The History of Complexity Economics | COMPLEXITY

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Michael: I think I'd like to take this conversation in three parts. One, kind of looking back at the history of the development of complexity economics and the argument for it that you've put forward in a book and in numerous papers. And then to dig into the actual mechanisms involved and to explore some of the ideas that you get into in The Nature of Technology. Michael: And then you have a 2017 article for McKinsey that I thought was really fascinating in terms of looking forward into the shape that the new economics systems are taking. So if that sounds good to you… Brian: It sounds great. Michael: Awesome. So you were there at the beginning of the Santa Fe Institute's articulation of complexity economics. And I'm curious, what brought that together in the first place, and what got you involved and what you saw, you and the other people involved saw as the need that you were addressing at the time. Brian: Right. In 1987, there was a famous meeting held here at the Santa Fe Institute

Michael: So Brian, it's a pleasure to meet you here amidst the complexity. Brian: Thank you. Delighted to be here. Michael: I think I'd like to take this conversation in three parts. One, kind of looking back at the history of the development of complexity economics and the argument for it that you've put forward in a book and in numerous papers. And then to dig into the actual mechanisms involved and to explore some of the ideas that you get into in The Nature of Technology. Michael: And then you have a 2017 article for McKinsey that I thought was really fascinating in terms of looking…

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