"There isn't a single story. The way we understand economics and economies is by learning from lots of sources and thinking about them in lots of different ways."

The development of firms and economies is fundamentally an evolutionary process that has the characteristics that evolutionary natural selection has of adaption, replication and selection. All of these are characteristics of the way economies and businesses evolve. That doesn't mean you do what some people have done and try quite literally to translate mathematical models developed to describe biological evolutionary processes into economic terms, but it does mean that kind of thinking and kind of mathematics is as relevant to economics as it is to biology.


A door like this has cracked open five or six times since we got up on our hind legs. It's the best possible time to be alive, when almost everything you thought you knew is wrong.

~ Tom Stoppard, Arcadia

Modular-Finance concerns it self with Complex Adaptive Systems. Complex Adaptive Systems are Intelligent Systems...