Re: Santa Fe-Krugman-Arthur

[PJM0930]

I had thought that the signifigance of choas and complexity theory 
is that they establish in a fairly incontestable way the limits on what
"pre-non-linear" model (i.e. most of the neoclassical position) can
accomplish.  If you demonstrate that economic phenomena embody
chaotic processes then those phenomena are not amenable to prediction
and/or control based on linear models (or perhaps based on any models).  
A similar sort of argument could be made for
adaptive processes found in complexity theory.
-Paul Meyer