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David Orrell -
Complex
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Perfect order is boring, perfect randomness is boring, but complex systems are interesting.
David Orrell
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The invisible hand is an emergent property of this system, which never reaches an optimal equilibrium, but instead is fundamentally dynamic and unstable, with complex effects on society.
David Orrell
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Adam Smith's invisible hand does exist, but as an emergent property of a complex system. It has a fuzzy tendency to reduce big price discrepancies, but it acts in a rather haphazard way.
David Orrell
Quote of the day
What do we, as a nation, care about books? How much do you think we spend altogether on our libraries, public or private, as compared with what we spend on our horses?
John Ruskin
David Orrell
Born:
1962
(age 62)
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