Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Doyne Farmer
Having the pole be perfectly vertical is keeping the economy on the nice steady path. So it deviates from vertical. I move my hand to correct. I tend to over or under correct. The pole then comes back toward the center, but I miss it as I come back. And so the pole endogenously wobbles back and forth. Now, to illustrate the difference in viewpoint,
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