293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

1025.643 - 1050.269 Sean Carroll

I'm sure that most audience members have figured this out, but so exogenous is some influence coming in from outside, endogenous is the dynamics within the system. Yes, thank you, definitely. Yeah, and you're saying that classical economic theory, if you restrict yourself to the endogenous influences— because it's looking for equilibrium points, nothing should ever change with time, right?