James B. Glattfelder: Who controls the world?
James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about...
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Translator: Joseph Geni Reviewer: Morton Bast "When the crisis came, the serious limitations of existing economic and financial models immediately became apparent." "There is also a strong belief, which I share, that bad or oversimplistic and overconfident economics helped create the crisis." Now, you've probably all heard of similar criticism coming from people who are skeptical of capitalism. But this is different. This is coming from the heart of finance. The first quote is from Jean-Claude Trichet when he was governor of the European Central Bank. The second quote is from the head of the UK Financial Services Authority. Are these people implying that we don't understand the economic systems that drive our modern societi...
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Translator: Joseph Geni Reviewer: Morton Bast "When the crisis came, the serious limitations of existing economic and financial models immediately became apparent." "There is also a strong belief, which I share, that bad or oversimplistic and overconfident economics helped create the crisis." Now, you've probably all heard of similar criticism coming from people who are skeptical of capitalism. But this is different. This is coming from the heart of finance. The first quote is from Jean-Claude Trichet when he was governor of the European Central Bank. The second quote is from the head of the UK Financial Services Authority. Are these people implying that we don't understand the economic systems that drive our modern societi...
