Satellite meeting of CCS16
Satellite "Social and Economic Change as a Complex Dynamical System 2016"
Beurs Van Berlage, Amsterdam, The Netherlands
20th September 2016
The increasing interconnectedness and the growing complexity of economic and financial systems pose a radical challenge to mainstream economic theories. The financial crisis and the following economic contagion over the last decade have dramatically demonstrated the need for a paradigm shift in economic thinking. Such new approach must be strongly data-driven and cannot neglect concepts such as complexity, networks and non linear feedbacks. This new thinking must also overcome the present impasse where, very often, economic theories are increasingly seen to be global and ideological paradigms which compete against each other. Using a medical metaphor, we instead, more and more, need tools and methodologies to diagnose the economic state, and in light of this to choose the most appropriate protocol.
Closing conference of project GROWTHCOM