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DTSTART:20090308T070000
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UID:69e69cbc6d448
DTSTART;VALUE=DATE:20090318
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DTEND;VALUE=DATE:20090319
URL:https://uwaterloo.ca/complexity-innovation/events/symmetries-economic-m
 odels-and-their-consequences
SUMMARY:Symmetries in economic models and their consequences
CLASS:PUBLIC
DESCRIPTION:Professor Lee Smolin of the Perimeter Institute for Theoretical
 \nPhysics examines the fundamental Arrow-Debreu model of market\nequilibri
 um in neoclassical economics. He asks the basic question\nalways raised by
  physicists when confronting a new system: What are\nthe system’s symmet
 ries? Addressing this question\, he argues that\nmany markets have multipl
 e equilibria. He also explores the\napplication of the principle of gauge 
 invariance to markets — an\nidea originally introduced by Malaney and We
 instein — and explains\nsome of this principle’s consequences for econ
 omic theory.
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DTSTAMP:20260420T213804Z
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