How longer lives are reshaping retirement planning, wealth management, healthcare, and banking by creating a new Complexity Economy.
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 ...
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. Subscribe to our ...
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 ...
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 ...
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 ...
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 ...
A new paper argues that everything else being equal, the complexity of a country's exports also correlates with its degree of economic equality: The more complex a country's products, the greater ...
Eric Beinhocker is the Executive Director of the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford. W. Brian Arthur is External Professor at Santa Fe Institute.
Economic complexity examines how the diversity and sophistication of a country’s productive capabilities shape its growth trajectory. By mapping the network of products that economies export or ...
Economic complexity refers to the diversity and sophistication of the productive capabilities embedded in a country’s industrial structure. It shapes patterns of trade, innovation and resource use, ...