Entropy is a concept that deals with the amount of disorder in a system. It is widely understood that the spontaneous gravitational pull to maximum entropy is not restricted to simple thermal systems. Due to its underlying probabilistic nature, the SLOT has led to the universal understanding that all spontaneous change (in any system of whatever type) ultimately leads to maximum disorder. This, of course, beggars the question that if the SLOT applies to all systems of any type, then "how can a complex economy arise and sustain itself without some external organizing force?"
Complexity Economics, Kieran D. Kelly
In The Modular-World*, there's a Time & a Place, a Purpose a Price & a Pace. U Compete U Adapt U Evolve, or U get Repriced, Repackaged or Replaced... Context Matters, Evolution is Modular, and the Band Plays On... In this World as in Business, Sports & The Game of Life, Human Nature is a double agent & often your toughest opponent ~ Welcome to The Modular-World* - The Realm of Complexity Science and Modular-Finance™ ~ Animal Spirits at Work ~ Orgel's Rules in Play ~
Pages
- Home
- About
- Humility
- Modularity
- Emergence
- The Modern World
- Modular-Finance Theory
- Twin Peaks
- The ModularWorld
- The MetaWorld
- Complex Adaptive Systems
- The Origin of Complexity Economics
- Complexity and The Financial System
- Systems Thinking
- Modular-Finance™
- Orgel's Rules
- Mfim*
- Culture
- Competition
- Behavioral Finance
- Evolutionary Psychology
- Slothosaurus Rex
- The Next Level...
- Evonomics
- Complexity Economics
- Machine Learning
- Big Data
- The Spiky World
- Concilience...
- Narrative Economics
No comments:
Post a Comment