Stuart Kauffman is one of the Founders of the Santa Fe Institute. In this video he explains why complex adaptive systems are unpredictable from a Newtonian and Darwinian perspective. From an economic perspective he indicates why equilibrium which fell out of simple Newtonian mechanic views is limiting and wrong. The challenges posed by Kauffman are best understood using a logic of adaptive ecology.
Great video and highly entertaining ht:Paul Kedrosky. The phase space of nature is open ended which means we are part of unknown and mysterious unfolding. Enjoy the ride.
My upcoming book will use some metaphors from ecology and adaptive systems to explain the basics of applied value investing. If anyone has special requests or areas of interest they would like to see in the book, put them in now.