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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
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
David Orrell
Born:
1962
(age 62)
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