Making sense of chaos : a better economics for a better world

Farmer, J. Doyne2024

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Summary

We live in an age of increasing complexity, where accelerating technology and global interconnection hold 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. 'Making Sense of Chaos' presents a manifesto for how to do economics better. A tale of science and ideas, J. Doyne 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.