Stephen Wolfram

MAY 25, 2021

But as another example of how this can play out, consider economic systems. But are “numerical prices” the only possible setup for an economic system? Ultimately an economic system is based on a large network of transactions. No doubt there’ll at least be some “natural-science-like” characterizations of what’s going on.

Mathematics 53

Mathematics Physics Computer Algebra 53

Stephen Wolfram

MARCH 15, 2023

One of them is that one can expect to make something equally computationally sophisticated out of all sorts of different kinds of things—whether brain tissue or electronics, or some system in nature. And that term immediately brings to mind wages, economics, etc. This equivalence has many consequences. But plenty is also not.

Computer 105

Computer Biology Mathematics Economics 105

Stephen Wolfram

NOVEMBER 10, 2021

For integers, the obvious notion of equivalence is numerical equality. The global structures of metamathematics , economics , linguistics and evolutionary biology seem likely to provide examples—and in each case we can expect that at the core is the ruliad, with its unique structure. For hypergraphs, it’s isomorphism.

Physics 122

Physics Mathematics Computer Construction 122

Stephen Wolfram

JANUARY 31, 2023

There was one major exception, however, in 1738, when—as part of his eclectic mathematical career spanning probability theory, elasticity theory, biostatistics, economics and more— Daniel Bernoulli (1700–1782) published his book on hydrodynamics. But why should this be true?

Energy 88

Energy Physics Argumentation Mathematics 88