I just read the Arthur paper. Wonderful. A keeper. As you point out, traditional economics focuses on nouns, on determining fixed things in time using mathematical equations. He suggests using algorithms because they describe processes.
Systems processes are Nature's algorithms. Processes used again and again to inform, to organize Nature's data/changes into systemic wholes.
I just read the Arthur paper. Wonderful. A keeper. As you point out, traditional economics focuses on nouns, on determining fixed things in time using mathematical equations. He suggests using algorithms because they describe processes.
Systems processes are Nature's algorithms. Processes used again and again to inform, to organize Nature's data/changes into systemic wholes.