Until very recently, the prevailing wisdom cautioned that transitioning to a clean energy economy would be extremely expensive, and therefore only possible if undertaken slowly. New research upends that thinking—when it comes to going green, the faster we go, the cheaper it will be. University of Oxford professors Eric Beinhocker and Doyne Farmer talk with Nick about a new strategy for clean technology that could transform the climate fight.
Making Sense of Chaos (with Doyne Farmer)
This week, Nick and Goldy talk to Doyne Farmer, a renowned physicist and mathematician, to discuss his new book, “Making Sense of Chaos: A Better Economics for a Better World.” Farmer, who is a professor at the Institute for New Economic Thinking, challenges traditional orthodox economic frameworks by applying complex systems theory. Their conversation explores the limitations of mainstream economic models, the importance of incorporating uncertainty into economic thinking, and the potential for complexity economics to provide better guidance for policymakers in addressing pressing issues like climate change and inequality. It’s a thoughtful discussion that explores more effective approaches to understanding and managing complex economic systems.