@sfiscience

@sfiscience

Most recents (6)

1/ The Santa Fe approach (@sfiscience) to #complexityeconomics.

'Here was this elusive "Santa Fe approach": Instead of emphasizing decreasing returns, static equilibrium, and perfect rationality, as in the neoclassical view,'

2/ 'the Santa Fe team would emphasize increasing returns, bounded rationality, and the dynamics of evolution and learning.'

3/ 'Instead of basing their theory on assumptions that were mathematically convenient, they would try to make models that were psychologically realistic.'

Read 15 tweets

Santa Fe Institute

@sfiscience

"The 21st Century Question: Emergently Engineering the Future"

Follow this 🧵 today and tomorrow for highlights from our 2022 #AppliedComplexity Network and Board of Trustees Symposium:

santafe.edu/events/annual-…

#Web3 #Cities #Polarization #EmergentEngineering #Decentralization

We start with a talk by SFI President David Krakauer:

"Would anyone care to guess why we're so GOOD at building transistors and so CRAP at designing drugs?"

"This thing [points to transistor] lives in a centralized system. This thing [points to cancer drug] lives in US."

"I'm going to pick on economics, because we like to do that at SFI. 'Ooh, look at that cover! So techy. Global, heat maps...' But here's 'Networks' [in the textbook]. THAT'S IT. Here's '#ComplexityEconomics.' NOTHING."

Read 111 tweets

Santa Fe Institute

@sfiscience

@INETOxford

"The key question around the #GreenEnergy transition is technological progress, and which technologies would improve..."
- SFI Prof J. Doyne Farmer (@INETOxford)

Follow this 🧵 for insights from today's seminar, streaming now on our YouTube channel:

@INETOxford

"We're tracking the evolution of the global #energy landscape over about 140 years: which source is providing our energy, and how much is it providing us with?"
- SFI Prof J. Doyne Farmer (@INETOxford)

Speaking now:

#Solar #Wind #Nuclear #Oil #Gas #Coal

@INETOxford

"#FossilFuels cost about the same now as they did a century ago. #Renewables have been dropping in price at rates of about 10% a year and deployment has been shooting up at about 30% a year, and this has been continuing for several decades."

- J. Doyne Farmer (SFI, @INETOxford)

Read 19 tweets

Santa Fe Institute

@sfiscience

@INETOxford

“We looked at the price of #coal over 140 years. Mines are much more sophisticated, the technology for locating new deposits is much better. Prices have not come down.”
- SFI's Doyne Farmer (@INETOxford)

@billmckibben on #Petro v #CleanEnergy @NewYorker:
newyorker.com/news/essay/in-…

For more on the #CleanEnergy transition, check out this press release, 44-page report, and video presentation on the science and economics supporting the argument for NM to make the leap — authored by SFI Profs Blumsack, Hines, Moore, and Trancik:

santafe.edu/research/proje…

And for more Doyne Farmer, check out our conversation with him last year on #ComplexityPodcast, in which we discuss his work on the declining cost of #WindPower & #Solar (but not #Nuclear) in the broader frame of #ComplexityEconomics:

complexity.simplecast.com/episodes/56

Read 4 tweets

GAVNet

@GAValueNetwork