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

1464.73 - 1492.564 Doyne Farmer

Right, right. You know, since we're talking about the endogenous-exogenous distinction, I should say disequilibrium models are also really useful when the shocks come from outside. And the good example of that would be COVID. Now, that was clearly outside, right? I mean, at least from the point of view of the economy, having a virus suddenly cause people to not go to work is an outside shock.