Interesting. But surely this issue arises in the other domains where complexity science has been used and yet practitioners in those areas have managed to adequately calibrate those models, ie find the right degree of complexity to imbue their models with, without spiralling out of control and creating the uncontrollably large “maps” Carroll’s fairy tale warns of. And assuming those other fields have made fruitful use of complexity science, I wonder: what makes economics different?
Interesting. But surely this issue arises in the other domains where complexity science has been used and yet practitioners in those areas have managed to adequately calibrate those models, ie find the right degree of complexity to imbue their models with, without spiralling out of control and creating the uncontrollably large “maps” Carroll’s fairy tale warns of. And assuming those other fields have made fruitful use of complexity science, I wonder: what makes economics different?