BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Drupal iCal API//EN X-WR-CALNAME:Events items teaser X-WR-TIMEZONE:America/Toronto BEGIN:VTIMEZONE TZID:America/Toronto X-LIC-LOCATION:America/Toronto BEGIN:DAYLIGHT TZNAME:EDT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 DTSTART:20090308T070000 END:DAYLIGHT BEGIN:STANDARD TZNAME:EST TZOFFSETFROM:-0400 TZOFFSETTO:-0500 DTSTART:20081102T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT UID:6875941255860 DTSTART;VALUE=DATE:20090318 SEQUENCE:0 TRANSP:TRANSPARENT DTEND;VALUE=DATE:20090319 URL:/complexity-innovation/events/symmetries-economic-m odels-and-their-consequences SUMMARY:Symmetries in economic models and their consequences CLASS:PUBLIC DESCRIPTION:Summary \n\nProfessor Lee Smolin of the Perimeter Institute for Theoretical\nPhysics examines the fundamental Arrow-Debreu model of marke t\nequilibrium in neoclassical economics. He asks the basic question\nalwa ys raised by physicists when confronting a new system: What are\nthe syste m’s symmetries? Addressing this question\, he argues that\nmany markets have multiple equilibria. He also explores the\napplication of the princip le of gauge invariance to markets — an\nidea originally introduced by Ma laney and Weinstein — and explains\nsome of this principle’s consequen ces for economic theory.\n X-MICROSOFT-CDO-ALLDAYEVENT:TRUE DTSTAMP:20250714T233442Z END:VEVENT END:VCALENDAR