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 ...

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 ...

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 ...

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 ...

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 ...

ECONOMIST Ricardo Hausmann, of Harvard Univeristy, and César Hidalgo, of the Massachusetts Institute of Technology, have just released the absorbing (and very visually appealing) Atlas of Economic ...

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 ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

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 ...

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 ...