We live in an age of increasing complexity - an age of accelerating technology and global interdependence that holds more promise, more risk, than at any time in human history.
Today, the fossil fuels that fueled global economic growth threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises exacerbate inequality, polarization and the decline of democracy. At its core, all of these problems lie in the economy, butThe guidance provided by economic models often disappoints.
Many books have been written about J. Duane Farmer and his works, but this book is the first in which he narrates his own thoughts. The book provides a vision of how economics can be developed. In this novel combining science and ideas, Farmer blends his deep knowledge and experience with stories from his life to explain how we can bring about a scientific revolution in solving the economic dilemmas facing society.Thanks to big data and supercomputers, we are now able, for the first time, to apply the science of complex systems to economic activity, building realistic models of the global economy. The resulting simulations and emergent behavior we observe form the cornerstone of complexity economics, allowing us to test ideas and make much better economic predictions, thereby better addressing the complex problems facing the world.
