Doyne Farmer: Making Sense of Chaos

We’re excited to welcome Doyne Farmer to the podcast. Doyne is a pioneering complexity scientist and a leading thinker on economic systems, technological change, and the future of society. Doyne is a Professor of Complex Systems at the University of Oxford, an external professor at the Santa Fe Institute, and Chief Scientist at Macrocosm.

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Doyne’s work spans an extraordinary range of topics, from agent-based modeling of financial markets to exploring how innovation shapes the long-term trajectory of human progress. At the heart of Doyne’s thinking is a focus on prediction—not in the narrow sense of forecasting next week’s market trends, but in understanding the deep, generative forces that shape the evolution of technology and society.

His new book, Making Sense of Chaos: A Better Economics for a Better World, is a reflection on the limitations of traditional economics and a call to embrace the tools of complexity science. In it, Doyne argues that today’s economic models often fall short because they assume simplicity where there is none. What’s especially compelling about Doyne’s perspective is how he uses complexity science to challenge conventional economic assumptions. While traditional economics often treats markets as rational and efficient, Doyne reveals the messy, adaptive, and unpredictable nature of real-world economies. His ideas offer a powerful framework for rethinking how we approach systemic risk, innovation policy, and the role of AI-driven technologies in shaping our future.

We believe Doyne’s ideas are essential for anyone trying to understand the uncertainties we face today. He doesn’t just highlight the complexity—he shows how to navigate it. By tracking the hidden currents that drive change, he helps us see the bigger picture of where we might be headed.

We hope you enjoy our conversation with Doyne Farmer.

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Thanks to Jonathan Coulton for our music