Economics is in the midst of a revolution – its biggest in over a century. There are new insights into the workings of the economy. “Complexity Economics,” as Beinhocker of McKinsey calls the new ...

CONSIDER THE task economists have set themselves. The global economy is the outcome of near-constant interaction between billions of unique individuals. To attempt to model even a small corner with a ...

I’ve written before about how economies can be thought of as network-based supercomputers that physically rearrange atoms — what some academics mean by the term “information” — to generate value. As I ...

Goran Roos is a member of the Economic Development Board of South Australia, a member of the Council for Flinders University and also a Stretton Fellow appointed by the City of Playford at University ...

Sergio Focardi does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

In 2006, economists at the Federal Reserve Bank of New York started to worry about the overheating US housing market. Concerned that the bubble might burst, they used their best model to predict what ...

Discover why economics struggles with human unpredictability and market forecasting. Learn how these challenges impact policies and personal finance strategies.

The products we use everyday are complex combinations of specialized knowledge. Harvard and MIT released a report, "The Atlas of Economic Complexity," visually mapping the vast knowledge contained ...

The role of physicists in finance is changing, as quantitative trading opens an exciting alternative to traditional financial modelling, and data science lures would-be 'quants' away. But the void is ...