How can we understand our complex economy?

Date: 03 March 2017

We are getting better at predicting things about our environment - the impact of climate change for example. But what about predicting our collective effect on ourselves? We can predict the small things, but we fail miserably when it comes to many of the big things. The financial crisis cost the world trillions, yet our ability to forecast and mitigate the next economic crisis is very low. Is this inherently impossible? Or perhaps we are just not going about it the right way?

Doyne Farmer

Complexity Economics