Making Sense of Chaos: A Better Economics for a Better World
Language: English
Published by Yale University Press, 2024
- Hardcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
AbeBooks seller since March 23, 2026
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From a pioneer in the field of complexity science and chaos theory, a plan for solving the world's most pressing problems Farmer convincingly argues that by using big data and today's more powerful computers, we can build more realistic models and simulations of the global economy. . . . Farmer's vision will undoubtedly be significant in how economics evolves.--Tej Parikh, Financial Times, Best New Books on Economics Both a manifesto for a revolution in economics and a memoir of an unusual career.--Ed Ballard, Wall Street Journal We live in an age of increasing complexity--an era of accelerating technology and global interconnection that holds more promise, and more peril, than any other time in human history. The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarization, and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed. Many books have been written about J. Doyne Farmer and his work, but this is the first in his own words. It presents a manifesto for how to do economics better. In this tale of science and ideas, Farmer fuses his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society. Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions--to better address the hard problems facing the world. …
Seller Inventory # CIN0300273770G
- Title
- Making Sense of Chaos: A Better Economics for a Better World
- Author
- J Doyne Farmer
- Publisher
- Yale University Press
- Publication year
- 2024
- Condition
- Good
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0300273770
- ISBN 13
- 9780300273779
"Farmer convincingly argues that by using big data and today's more powerful computers, we can build more realistic models and simulations of the global economy. . . . Farmer's vision will undoubtedly be significant in how economics evolves."--Tej Parikh, Financial Times, "Best New Books on Economics"
"Both a manifesto for a revolution in economics and a memoir of an unusual career."--Ed Ballard, Wall Street Journal
We live in an age of increasing complexity--an era of accelerating technology and global interconnection that holds more promise, and more peril, than any other time in human history. The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitization promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarization, and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed.
Many books have been written about J. Doyne Farmer and his work, but this is the first in his own words. It presents a manifesto for how to do economics better. In this tale of science and ideas, Farmer fuses his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society.
Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions--to better address the hard problems facing the world.
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World of Books Inc
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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …
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