Monday, May 23, 2022

Complex Science Theory

 In analyzing complex systems you have to consider the interconnectedness of the parts together with the parts themselves, which implies that in a complex system, the whole is not necessarily equal to the sum of the parts. In technical jargon, that means that dynamics and statics become blended, and the math becomes wickedly difficult. That’s why most economists and social science policy makers have shied away from formal complexity models, and instead used non complex models in which the dynamics are tractable. 

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