J. Doyne Farmer is an American complex systems scientist and entrepreneur who was a pioneer in many of the fields that define the scientific agenda of our times- dynamical systems, chaos, complex systems, artificial life, wearable computing, time series analysis, theoretical biology, and the theory of prediction. Currently he is Director of the Complexity Economics programme at the Institute for New Economic Thinking at the Oxford Martin School, Baillie Gifford Professor of Complex Systems Science in the school of Geography and the Environment at the University of Oxford, Senior Associate Research Fellow at Christ Church College, Chief Scientist at Macrocosm, and an External Professor at the Santa Fe Institute. Previously, he was an Oppenheimer Fellow and the founder of the Complex Systems Group at Los Alamos National Laboratory. While a graduate student he led a cooperative calling itself Eudaemonic Enterprises who built the first wearable (and concealed) digital computer and used it in casinos, successfully beating the house. He was a founder of Prediction Company, an early quantitative automated trading firm that was sold to the United Bank of Switzerland in 2006. His current research is in economics, including agent-based modeling, financial instability and technological progress, and a founder of Macrocosm, a new company using complexity economics to guide the green energy transition. As an adventurer and avid sailor, Doyne also finds time to enjoy sailing his boat Eudemon.
In this riveting book, Doyne Farmer profoundly unravels the role played by complex systems in our economy. From the time he was living in a tent while working on climate models on the American west, to his more recent years in the hallowed halls of Oxford University, Farmer’s lifelong journey is a testament to the creativity and perseverance needed to succeed in the rugged landscapes of multidisciplinary science -- César Hidalgo, author of Why Information Grows I can't think of a better person to help us make sense of chaos than one of the founders of the field of chaos theory, J. Doyne Farmer. A physicist by training, but with plenty of financial and economic street cred, Farmer takes on the formidable task of making complexity economics understandable, fascinating, and fun. And he succeeds! -- Andrew W. Lo, author of Adaptive Markets Standard economics has failed us when it comes to the challenge of climate change, and in this remarkable book Doyne Farmer explains why--and shows that a more complex understanding of how economies work yields insights that can help us see, and build, a workable future. Farmer's insights are more general, extending to all kinds of realms; indeed, it's exciting to sense the intellectual ground being broken here. But it's also of the highest practical importance; heeding his thoughtful counsel offers a path out of the box canyon where we're currently stuck as a species -- Bill McKibben, author of The End of Nature Our greatest challenges, such as climate change, force us to move beyond linear thinking to grapple with their complexities. Doyne Farmer’s book shows us how to do so, bringing some clarity to the chaos. I gobbled it up – I hope it gets into the hands (and heads) of those who want to understand our most pressing problems and work towards solving them -- Hannah Ritchie, author of Not the End of the World