Tag Archives: complexity

I Pencil and Complexity Theory

Dear Friends,   It seems to me, the most commonly known analogy in economics is, I Pencil. This narrative shows that the capitalist system produces things of such complexity it would be impossible for a central authority to do it. … Continue reading

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Bureaucracy vs Complexity

Dear Friends, It seems to me, the main difference between bureaucratic and complex systems, is that bureaucracies are inefficient and primarily benefit those in charge, while complex systems are extremely efficient and the benefits are more widely distributed. This is … Continue reading

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