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

1608.048 - 1636.472 Doyne Farmer

And then once they ran out of, once they reduced production, if they were upstream in the economy, meaning like producing natural resources or stuff that lots of other industries use, then that would propagate, as they say, downstream and hit the other industries. So there were complicated dynamic effects. And mainstream models don't work that way. They assume equilibrium from the get go.