Chaos

Making sense of chaos.

We live in an age of unprecedented complexity, where rapid technological change and global interconnectivity present both immense opportunities and existential risks unlike any other period in human history. At the root of many current challenges lies the economy, where traditional models have proven inadequate for providing effective guidance. However, the emerging field of complexity economics, leveraging big data and powerful computing, offers a new approach to understanding and addressing these complex issues.

Key Points:

• Fossil fuels enabling economic growth now threaten the world they helped build
• Automation promises prosperity for some, unemployment for others
• Financial crises exacerbate inequality, polarization, and democratic recession
• Applying complex systems science to economic activity allows realistic modelling
• Simulations reveal emergent behaviors, enabling better economic predictions

Complexity economics provides a foundation to tackle major global challenges.