W. Brian Arthur famous quotes

Last updated: Sep 5, 2024

Complexity is looking at interacting elements and asking how they form patterns and how the patterns unfold. It's important to point out that the patterns may never be finished. They're open-ended. In standard science this hit some things that most scientists have a negative reaction to. Science doesn't like perpetual novelty.
-- W. Brian Arthur

#Important #Negative #Asking
If economics wants to understand the new economy, it not only has to understand increasing returns and the dynamics of instability. It also has to look at cognition itself, something we have never done before in economics.
-- W. Brian Arthur

#Looks #Done #Dynamics
When you mathematize something you distill its essence.
-- W. Brian Arthur

#Essence
The invisible hand is not perfect. Indeed, the invisible hand is a little bit arthritic ... I'm a believer in free markets, but I think we need to be less naÃ¯ve. We need to accept that markets give us pretty good solutions, but occasionally they will lock in something inferior.
-- W. Brian Arthur

#Thinking #Hands #Invisible Hand
Economists got away from really questioning how the world works, how decisions actually got made. If something doesn't conform to neoclassical models ... people are not somehow behaving themselves properly.
-- W. Brian Arthur

#People #Decision #World
We're facing a danger that economics is rigorous deduction based upon faulty assumptions. Science after science gets that way from time to time. When it does, we're in real trouble.
-- W. Brian Arthur

#Real #Doe #Way

Good isn't my thing but Sawyer's important to me. Please remember I've got my limits and you studying my mouth like you want a taste is pushing me dangerously close to the edge of those limits.
I think it's really important to live in the moment.
You look up to your parents and you want them to accept you, and you don't want them to look at you in a negative light. So you do things to make them proud and accept you.
But to me nothing - the negative, the empty - is exceedingly powerful.
Negative thinking will always lead to failure and nervous prostration; but positive faith- positive thinking -will lead you towards happy, healthy, and abundant living.
Unfortunately my career began in Hollywood, doing a negative pickup for Universal pictures.
People say, like, 'Are you a regular person?' 'Well, I'm not a robot, if that's what you're asking, I really am a person.
I joined another circle and the leader gave us a little leaflet in very small print, asking us to read it carefully and then come prepared to ask questions. It was a technical Marxist subject and I did not understand it nor did I know what questions to ask.
Evey Hammond: Who are you? V: Who? Who is but the form following the function of what and what I am is a man in a mask. Evey Hammond: Well I can see that. V: Of course you can. I'm not questioning your powers of observation I'm merely remarking upon the paradox of asking a masked man who he is
I got my first job the old-fashioned way: I took an elevator to the top floor of many buildings and walked down floor by floor on the stairs going into every firm and asking the receptionist if she knew of any jobs available.

W. Brian Arthur famous quotes

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