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 ...

In 2006, economists at the Federal Reserve Bank of New York started to worry about the overheating US housing market. Concerned that the bubble might burst, they used their best model to predict what ...

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 ...

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 ...

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 ...

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 ...

Forbes contributors publish independent expert analyses and insights. I research & write on longevity, generational trends & innovation. This voice experience is generated by AI. Learn more. This ...

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 ...

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 ...

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 ...

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 ...