Strike Debt Bay Area Book Group: "Making Sense of Chaos"

For our January, 2025 meeting we will be reading the first seven chapters Making Sense of Chaos by by J. Doyne Farmer (Yale University Press, Amazon)

We live in an age of increasing complexity—an era of accelerating technology and global interconnection that holds more promise, and more peril, than any other time in human history. The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarization, and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed.   Many books have been written about J. Doyne Farmer and his work, but this is the first in his own words. It presents a manifesto for how to do economics better. In this tale of science and ideas, Farmer fuses his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society.   Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions—to better address the hard problems facing the world.

Strike Debt Bay Area hosts this non-technical book group discussion monthly on new and radical economic thinking. Previous readings have included (in chronological order) Doughnut Economics, Limits, Banking on the People, Capital and Its Discontents, How to Be an Anti-Capitalist in the 21st Century, The Deficit Myth,  Revenge Capitalism, the Edge of Chaos blog symposium , Re-enchanting the World: Feminism and the Politics of the Commons, The Optimist’s Telescope, Mission Economy: A Moonshot Guide to Changing Capitalism, Exploring Degrowth, The Origin of Wealth, Mine!, The Dawn of Everything  A History of the World in Seven Cheap Things, Beyond Money, Less is More,  Cannibal Capitalism,  Debt, the First 5000 Years , Poverty, By America, End Times, Jackson Rising Redux , The Feminist Subversion of the Economy, How Infrastructure Works, Inside the Systems that Shape our World, Wealth Supremacy, The Persuaders,  The Path to a Livable Future, Solidarity,  Mutual Aid and Breaking Together.