Decoding Complexity [video]: The Organizing Principles Behind our Economy


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More ‘inconvenient truths’ for the financial sector to attempt to sweep under the proverbial carpet!

But hiding the truth changes nothing and the problem will only get worse. It may be easy to ignore the facts when they fit under the carpet but NOT when they take on the scale of an elephant in the room!

It sounds paradoxical, but today it appears that we understand more about the universe than our society. We have created systems that have outgrown our capacity to genuinely understand and control them. Just think about the ongoing financial crisis. But recent advancements in the study of complex systems are able to offer new insights into the workings of many real-world systems.

While our traditional ways of thinking and problem solving have been strongly shaped by the success of the reductionist approach taken in science, the new science of complexity focuses on interconnection and co-dependence. It is a paradigmatic shift away from analysing the nature of “things” to uncovering and understanding the network of interdependence lying behind and influencing the “things” themselves.

As a prominent example, the first global economic network analysis is discussed, offering a new perspective on some relevant issues. For instance, how unequal and unstable is our economy really? And is this the result of a few puppet masters orchestrating the developments behind the scenes?

via TEDxZurich: Who Controls The World « OlsenBlog

Chaos and Complexity


Here is an extract from a good, concise, blog on issues close to my heart. Even better it is part of a series on related subjects. Worth a look: Chaos and Complexity but DO NOT believe all that you read! Ontonix can provide a verifiable definition.

Complexity

Complex systems are a special type of chaotic system. They display a very interesting type of emergent behavior called, logically enough, complex adaptive behavior. But we are getting ahead of ourselves. There’s a need to back up a bit and describe a fundamental behavior that occurs at the granular level and leads to complex adaptive behavior. It is self -organization.

Self Organization occurs when the individual components in a chaotic system come together to work as a team to achieve the desired goal. Remember the non-linear component of chaotic systems? This applies during self-organization and means teams may form, work for a while then fall apart and reconstitute in a different form when an obstacle is met to keep on moving forward.

Complex Adaptive Behavior is the name given to this forming-falling apart-reforming-falling apart-… behavior. Specifically it is defined as many agents working in parallel to accomplish a goal. It is conflict ridden, very fluid, and very positive. The hallmark of emergent, complex adaptive behavior is it brings about a change from the starting point that is not just different in degree but in kind. In biology a good example of this is the emergence of consciousness. Another example is the Manhattan Project and the development of the atomic bomb.