Reinventing the Economy: Combination, complexity and value
Speaker: Brian Arthur, Santa Fe Institute
all of the complexity in the world has arisen from combining simpler things
Economist used to have a view that the economy exists stand alone and then inventions and technology are originated (the economists did not know how) and then they were integrated into the economy
Later study – technology are created from simpler objects (pre-existing technology).
Discusses the lunar landing as the sum of multi-stage rocketry, space capable enclosures for keeping astronauts alive, orbiting and other capabilities