Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Sean Carroll
So, of course, that pole by itself is not in equilibrium. It's at an unstable equilibrium, right? That's right. So is that—I mean, that would change my mind about a lot of things, if you're arguing that the equilibria discovered by classical economics are secretly unstable and small perturbations would tend to grow. Well, the economists know that.
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