Global markets are complex systems, shaped by feedback loops, sudden shocks, and adaptive behavior that rarely follow textbook rules and which can't be captured by neat equations. That reality is at ...

This is a node I have created on the debategraph map of the Pattern Language Project which describes the dynamic phenomena that appear under non equilibrium economics. Below is an abstract/summary ...

Current mainstream economic theory needs a major overhaul. Why? Because it seems to ignore that modern advanced economies are evolutionary complex systems. Both economic theory and political economics ...

Economics is in the midst of a revolution – its biggest in over a century. There are new insights into the workings of the economy. “Complexity Economics,” as Beinhocker of McKinsey calls the new ...

I’ve written before about how economies can be thought of as network-based supercomputers that physically rearrange atoms — what some academics mean by the term “information” — to generate value. As I ...

Complexity theory is needed for a better understanding and management of financial-economic crises, according to a new article. The article, which is authored by an interdisciplinary group of ...

On May 16, the Global Economy and Development program at Brookings will host a panel on “Managing Complexity: Economic Policy Cooperation After the Crisis,” a new edited volume published by Brookings ...

Industry, Innovation and Science Minister Christopher Pyne says he will release his ‘inner revolutionary’ to help make Australia’s economy more innovative. Mick Tsikas/AAP Australian Prime Minister ...

CONSIDER THE task economists have set themselves. The global economy is the outcome of near-constant interaction between billions of unique individuals. To attempt to model even a small corner with a ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...