Ricardo Hausmann & J. Doyne Farmer on Evolving Technologies & Market Ecologies (EPE 03)

As our world knits together, economic interdependencies change in both shape and nature. Supply chains, finance, labor, technological innovation, and geography interact in puzzling nonlinear ways. Can we step back far enough and see clearly enough to make sense of these interactions? Can we map the landscape of capability across scales? And what insights emerge by layering networks of people, firms, states, markets, regions? We’re all riding a bucking horse; what questions can we ask to make sure that we can stay in the saddle? Welcome to COMPLEXITY, the official podcast of the Santa Fe Institute. I’m your host, Michael Garfield, and every other week we’ll bring you with us for far-ranging conversations with our worldwide network of rigorous researchers developing new frameworks to explain the deepest mysteries of the universe. This week on Complexity, we speak with two SFI External Professors helping to rethink political economy: newly-appointed Science Board Co-Chair Ricardo Hausmann (Website, Wikipedia, Twitter) is the Director of the Harvard Growth Lab and J. Doyne Farmer (Website, Wikipedia) is Director of the Complexity Economics program at the Institute for New Economic Thinking at the Oxford Martin School. In this episode we zoom wide to try and find a way to garden all together, learning limits that can help inform discussion and decisions on the shape of things to come… If you value our research and communication efforts, please subscribe, rate and review us at Apple Podcasts, and consider making a donation — or finding other ways to engage with us — at santafe.edu/engage. You can find the complete show notes for every episode, with transcripts and links to cited works, at complexity.simplecast.com. Heads up that our online education platform Complexity Explorer’s Origins of Life Course is still open for enrollment until June 1st! We hope to see you in there… Thank you for listening! Join our Facebook discussion group to meet like minds and talk about each episode. Podcast theme music by Mitch Mignano. Follow us on social media: Twitter • YouTube • Facebook • Instagram • LinkedIn Mentions and additional resources: The new paradigm of economic complexity Pierre-Alexandre Balland, Tom Broekel, Dario Diodato, Elisa Giuliani, Ricardo Hausmann, Neave O’Clery, and David Rigby in Research Policy How production networks amplify economic growth James McNerney, Charles Savoie, Francesco Caravelli, Vasco M. Carvalho, and J. Doyne Farmer  in PNAS Productive Ecosystems and the arrow of development by Neave O’Clery, Muhammed Ali Yıldırım, and Ricardo Hausmann  Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfare Ricardo Hausmann and Ulrich Schetter in ScienceDirect Historical effects of shocks on inequality: the great leveler revisited Bas van Bavel and Marten Scheffer in Nature Humanities & Social Sciences Communications (Twitter thread) Complexity 56 - J. Doyne Farmer on The Complexity Economics Revolution The Multiple Paths to Multiple Life Christopher P. Kempes and David C. Krakauer  in Journal of Molecular Evolution Scaling of urban income inequality in the USA Elisa Heinrich Mora, Cate Heine, Jacob J. Jackson, Geoffrey B. West, Vicky Chuqiao Yang and Christopher P. Kempes in Journal of The Royal Society Interface Complexity 12 - Matthew Jackson on Social & Economic Networks Complexity 81 - C. Brandon Ogbunu on Epistasis & The Primacy of Context in Complex Systems Pitchfork Economics by Nick Hanauer (podcast) Complexity 15 - R. Maria del-Rio Chanona on Modeling Labor Markets & Tech Unemployment Will a Large Complex System be Stable? by Robert May in Nature Investigations by Stuart Kauffman The Collapse of Networks by Raissa D’Souza (SFI Symposium Talk)