This is a fascinating thinkpiece from four leading thinkers at the Boston Consulting Group, Martin Reeves, Ron Nicol, Thijs Venema and Georg Wittenburg. As well as discussing the power of evolutionary approaches in business, it showcases BCG’s work with agent-based modelling to strengthen strategic thinking (about which more on this blog soon). Much of relevance […]

Complexity-image

A guest cross-post by Melanie Mitchell of the Santa Fe Institute.  In 1894, the physicist and Nobel laureate Albert Michelson declared that science was almost finished; the human race was within a hair’s breadth of understanding everything: It seems probable that most of the grand underlying principles have now been firmly established and that further advances […]

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This piece is cross-posted from the Global Policy blog, where it has been published as part of Global Policy’s new e-book, ‘Emergence, Convergence and the Future of Aid’, edited by Andy Sumner. Contributions from academics and practitioners will be serialised on Global Policy until the e-book’s release in the first quarter of 2014. Find out […]

AidEx

The team behind the Atlas of Economic Complexity (see my post on this here) have come up with a fascinating network-based approach for analysing the global aid system. As they put it: International development is a complex global goal that faces massive coordination barriers. The difference in income between rich and poor has expanded over […]

Many would argue that standard economic theory enabled us to analyse and understand the economy as it used to be, with long stable periods punctuated only by occasional crises. However, the recent evolution of the global economy should drive us to pursue ways of expanding economic theory such that it encompasses the new structures and […]

This is the text of an article in the Washington Post by Dominic Basulto about last week’s events in the financial markets. Great stuff. When news first broke Thursday that JPMorgan’s credit derivatives portfolio had sustained a loss of $2 billion, and potentially as much as $5 billion, on trades gone awry, there was an […]