Coping with turbulence:: more theories and maths?


 

Isn’t it time to review our theories on economics, to see them in a radically different light? What lessons are we learning from this and other  crises, if any at all? 

“…how can you run and govern a fuzzy, chaotic and increasingly complex system of planetary proportions that cannot be embraced by contemporary mathematics? And without one central government. While this does not pretend to be a complete recipe, we may do the following:

Since complexity is growing fast, and because excessive complexity is the source of fragility, we should start monitoring complexity at all scales and wherever possible”:

financial products (derivatives in particular)

corporations

banks

markets

national economies

systems thereof

via Ontonix – Complex Systems Management, Business Risk Management.

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