Making Sense of Chaos
A Better Economics for a Better World
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Narrated by:
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J. Doyne Farmer
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By:
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J. Doyne Farmer
About this listen
From a pioneer in the field of complexity science and chaos theory, a plan for solving the world’s most pressing problems
“Farmer convincingly argues that by using big data and today’s more powerful computers, we can build more realistic models and simulations of the global economy. . . . Farmer’s vision will undoubtedly be significant in how economics evolves.”—Tej Parikh, Financial Times, “Best New Books on Economics”
“Both a manifesto for a revolution in economics and a memoir of an unusual career.”—Ed Ballard, Wall Street Journal
We live in an age of increasing complexity—an era of accelerating technology and global interconnection that holds more promise, and more peril, than any other time in human history. The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarization, and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed.
Many books have been written about J. Doyne Farmer and his work, but this is the first in his own words. It presents a manifesto for how to do economics better. In this tale of science and ideas, Farmer fuses his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society.
Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions—to better address the hard problems facing the world.
©2024 J. Doyne Farmer (P)2024 Penguin AudioListeners also enjoyed...
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blah
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Chemistry and Our Universe: How It All Works is your in-depth introduction to this vital field, taught through 60 engaging half-hour lectures that are suitable for any background or none at all. Covering a year’s worth of introductory general chemistry at the college level, plus intriguing topics that are rarely discussed in the classroom, this amazingly comprehensive course requires nothing more advanced than high-school math. Your guide is Professor Ron B. Davis, Jr., a research chemist and award-winning teacher at Georgetown University.
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Great Professor, Hard to Follow.
- By Jen on 05-14-19
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The Theory of Everything: The Quest to Explain All Reality
- By: Don Lincoln, The Great Courses
- Narrated by: Don Lincoln
- Length: 12 hrs and 21 mins
- Original Recording
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At the end of his career, Albert Einstein was pursuing a dream far more ambitious than the theory of relativity. He was trying to find an equation that explained all physical reality - a theory of everything. Experimental physicist and award-winning educator Dr. Don Lincoln takes you on this exciting journey in The Theory of Everything: The Quest to Explain All Reality. Suitable for the intellectually curious at all levels and assuming no background beyond basic high-school math, these 24 half-hour lectures cover recent developments at the forefront of particle physics and cosmology.
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Audible’s Best Science Offering, A Gem
- By MikeB on 12-08-18
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Inspired
- How to Create Tech Products Customers Love, Second Edition
- By: Marty Cagan
- Narrated by: Marty Cagan
- Length: 7 hrs and 45 mins
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How do today's most successful tech companies - Amazon, Google, Facebook, Netflix, Tesla - design, develop, and deploy the products that have earned the love of literally billions of people around the world? Perhaps surprisingly, they do it very differently from the vast majority of tech companies. In Inspired, technology product management thought leader Marty Cagan provides listeners with a master class in how to structure and staff a vibrant and successful product organization and how to discover and deliver technology products that your customers will love.
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Great book, terrible audio wanted to ask a refund
- By Srikanth Ramanujam on 11-15-18
By: Marty Cagan
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Reentry
- SpaceX, Elon Musk, and the Reusable Rockets That Launched a Second Space Age
- By: Eric Berger
- Narrated by: Rob Shapiro
- Length: 12 hrs and 59 mins
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From launchpad explosions to a pernicious cricket infestation to the demanding management style of Musk himself, the rise of SpaceX was beset with challenges and far from inevitable. Find out how the startup beat the odds and flew high enough to outpace their rivals... and where they're going next.
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One story after another
- By Darek on 12-30-24
By: Eric Berger
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Your Brain Is a Time Machine
- The Neuroscience and Physics of Time
- By: Dean Buonomano
- Narrated by: Aaron Abano
- Length: 8 hrs and 51 mins
- Unabridged
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In Your Brain Is a Time Machine, brain researcher and best-selling author Dean Buonomano draws on evolutionary biology, physics, and philosophy to present his influential theory of how we tell and perceive time. The human brain, he argues, is a complex system that not only tells time but creates it; it constructs our sense of chronological flow and enables "mental time travel" - simulations of future and past events.
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Great book on an underrated subject
- By Neuron on 05-09-17
By: Dean Buonomano
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A great listen, but a physical book is pre appropriate
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The Four Pillars of Investing, Second Edition
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Retired neurologist and master investor William J. Bernstein has seen it all throughout his career. Buying investments with borrowed money. Chasing past performance. Overestimating one's own risk tolerance. Listening to cable news. These are just a few of the many mistakes he has witnessed smart, serious investors make, to the peril of their portfolios. Add to these behavioral errors such economic factors as deflation, sudden stock declines, and soaring inflation—and investing can seem like something to be avoided at all costs.
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It is impossible to understand the audio book without reading the physical book
- By Aiman on 10-25-23
What listeners say about Making Sense of Chaos
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- dmh00000
- 08-25-24
Doyne Farmer is brilliant but...
I am all in on complexity science as the only way to examine the economy. I have been fascinated with complexity science since the early 90s and have read roughly 25 books on the topic.
Conventional macroeconomics is a joke. The tools are antiquated and the analysis tainted by assumptions that have been disproven repeatedly. That makes this story that Doyne set out to tell here so important.
Unfortunately, he was the wrong person to write and tell this story.
This book desperately needed a writer and EDITOR that organized the material and story much more logically than is told here. Doyne has made so many wonderful contributions to complexity science that he lost the thread of the story he is telling -- why complexity science is a superior methodology for analyzing, forecasting and managing the economy -- and instead continously peppered the narrative with tangentially related stories of his research, which are fascinating but often seem wandering.
i would still recommend this book but i firmly believe there is a better one to be written on this topic and i sincerely hope someone writes it.
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- Jacob Brenner
- 11-26-24
The best economics book I’ve ever read
I’m a professional scientist, and I read pop-science books in nearly every field, except economics. I’ve never felt the economics models were realistic or useful, but I could not quite put my finger on why. This book explains the problems with the fundamental assumptions of classical Econ (utility maximization, equilibria, rational strategies under near perfect information flow). Then it gives a simple solution, agent based models (ABMs), which work well in nearly every field, but seem particularly suited for Econ. The book also explains the key concepts in complexity science. Well written, humble author who is a luminary in the field, and good narration.
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