Resilience and Complexity

Posted: July 2, 2017
in Research

The economy is a dynamic system which is far too complex for us to understand. Human nature is extremely complex and billions of irrational humans form the economy. How can such a system ever be thought to be efficient, in equilibrium and stable – as many prominent economists have claimed? But this system, like every other natural or man-made system, must respect the non-negotiable laws of physics, even if they may be unknown at a given time.

Read full article.