Chapter
Economics and Fluid Dynamics: A Comparison
11:22 - 15:38 (04:16)
This podcast discusses the similarities between modeling water with differential equations and modeling economic systems by analyzing different schools of economics.
Clips
The use of differential equations is common in modeling processes that occur through time, such as fluid dynamics.
11:22 - 12:59 (01:37)
Differential Equations
Summary
The use of differential equations is common in modeling processes that occur through time, such as fluid dynamics. While some economists do learn differential equations, they may not learn stability analysis.
ChapterEconomics and Fluid Dynamics: A Comparison
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
This podcast episode discusses the different schools of economics and their relevance in understanding complex systems.
12:59 - 15:38 (02:38)
Economics
Summary
This podcast episode discusses the different schools of economics and their relevance in understanding complex systems. It highlights the neoclassical, post-Keynesian, Austrian, biophysical economics, and other heterodox economic schools and their approaches to analyzing the economy, the human mind, and the biosphere.