‘Doyne Farmer is the world's leading thinker on technological change. For decades he has focused on the question of how we can make sense of the data of today to see where the world is going tomorrow. This wonderful book applies these insights to economics, addressing the big global issues of environmental sustainability, and the well-being and prosperity of people around the world’ Max Roser, Founder of Our World in Data
We live in an age of increasing complexity, where accelerating technology and global interconnection hold more promise – and more peril – than any other time in human history. As well as financial crises, issues around climate change, automation, growing inequality and polarization are all rooted in the economy, yet standard economic predictions fail us.
Many books have been written about Doyne Farmer and his pioneering work in chaos and complexity theory. Making Sense of Chaos is the first in his own words, presenting a manifesto for doing economics better. In a tale of science and ideas, Farmer fuses his profound knowledge with stories from his life to explain how to harness a scientific revolution to address the economic conundrums facing society.
Using big data and ever more powerful computers, we can for the first time apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behaviour we observe form the cornerstone of complexity economics. This new science, Farmer shows, will allow us to test ideas and make significantly better economic predictions – and, ultimately, create a better world.
"The man reinventing economics with chaos theory and complexity science" - New Scientist
"Farmer convincingly argues that by using big data and today’s more powerful computers, we can build more realistic models and simulations of the global economy . . . [His] vision will undoubtedly be significant in how economics evolves" - Financial Times, 'Best New Books on Economics'
"Both a manifesto for a revolution in economics and a memoir of an unusual career" - Wall Street Journal
"Remarkable book pulling together chaos theory and economics. Provides the first possibility that economics could become a real science" - Popular Science book reviews
"Farmer is navigating a third economic way between the scylla of traditional free market economics and the charybdis of de-growth economics. Seriously smart stuff from one of the world’s brainiest men" - Keen On podcast
"Farmer, a leading expert on complexity economics at Oxford University, [argues] we can and must be more radical. . . . With greater investment, he says, far more progress in understanding the economy could be made" - Financial Times, 'Best summer books of 2024: Economics'
Формат: Скан PDf
We live in an age of increasing complexity, where accelerating technology and global interconnection hold more promise – and more peril – than any other time in human history. As well as financial crises, issues around climate change, automation, growing inequality and polarization are all rooted in the economy, yet standard economic predictions fail us.
Many books have been written about Doyne Farmer and his pioneering work in chaos and complexity theory. Making Sense of Chaos is the first in his own words, presenting a manifesto for doing economics better. In a tale of science and ideas, Farmer fuses his profound knowledge with stories from his life to explain how to harness a scientific revolution to address the economic conundrums facing society.
Using big data and ever more powerful computers, we can for the first time apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behaviour we observe form the cornerstone of complexity economics. This new science, Farmer shows, will allow us to test ideas and make significantly better economic predictions – and, ultimately, create a better world.
"The man reinventing economics with chaos theory and complexity science" - New Scientist
"Farmer convincingly argues that by using big data and today’s more powerful computers, we can build more realistic models and simulations of the global economy . . . [His] vision will undoubtedly be significant in how economics evolves" - Financial Times, 'Best New Books on Economics'
"Both a manifesto for a revolution in economics and a memoir of an unusual career" - Wall Street Journal
"Remarkable book pulling together chaos theory and economics. Provides the first possibility that economics could become a real science" - Popular Science book reviews
"Farmer is navigating a third economic way between the scylla of traditional free market economics and the charybdis of de-growth economics. Seriously smart stuff from one of the world’s brainiest men" - Keen On podcast
"Farmer, a leading expert on complexity economics at Oxford University, [argues] we can and must be more radical. . . . With greater investment, he says, far more progress in understanding the economy could be made" - Financial Times, 'Best summer books of 2024: Economics'
Формат: Скан PDf
https://www.yakaboo.ua/ua/making-sense-of-chaos-a-better-economics-for-a-better-world.html