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

1833.126 - 1861.215 Doyne Farmer

It's also worth noting that the economy is full of feedbacks. That's one of Kane's brilliant insights, is that it requires demand to produce stuff. And if we have a situation where demand falls, for example, because people become unemployed, then we automatically are going to produce less, which means more people are going to become unemployed, which means we're going to have less demand.