A daily editorial choice

One podcast episode worth your time.

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01

EconTalk

Chaos and Complexity Economics (with J. Doyne Farmer)

J. Doyne Farmer · 65 min

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Why it’s worth your time

Physicist J. Doyne Farmer argues that standard economic models miss what chaos theory and agent-based simulation can capture about real human behavior. Russ Roberts pushes back throughout, which keeps the conversation honest rather than one-sided. It's a genuine debate about what economics is even trying to predict.

Listen for this question

Can economics ever be a genuinely predictive science, or is complexity too fundamental to model away?

Best way to listen

Listen while doing something repetitive, like cooking or folding laundry.

After the episode

Let the disagreement sit unresolved instead of reaching for a tidy conclusion.

Who it’s for: Listeners who like their economics questioned rather than just explained.

How we choose

One a day. That’s the whole idea.

  • Chosen by a human, not an algorithm.
  • Episodes, not podcasts.
  • Never sponsored.