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Making sense of chaos : a better economics for a better world
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.
BOOK
Health Equity and Financial Protection
Two key policy goals in the health sector are equity and financial protection. New methods, data and powerful computers have led to a surge of interest in quantitative analysis that permits monitoring progress toward these objectives, and comparisons across countries. ADePT is a new computer program that streamlines and automates such work, ensuring that results are genuinely comparable and allowing them to be produced with a minimum of programming skills. This book provides a step-by-step guide to the use of ADePT for quantitative analysis of equity and financial protection in the health sector. It also gives the reader an accessible guide to the concepts and methods used by the software, as well as more detailed technical explanations.
eBook
Applied computational economics and finance
This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of subspecialties of economics and finance, with particular emphasis on problems in agricultural and resource economics, macroeconomics, and finance. The book also provides an extensive Web-site library of computer utilities and demonstration programs.The book is divided into two parts. The first part develops basic numerical methods, including linear and nonlinear equation methods, complementarity methods, finite-dimensional optimization, numerical integration and differentiation, and function approximation. The second part presents methods for solving dynamic stochastic models in economics and finance, including dynamic programming, rational expectations, and arbitrage pricing models in discrete and continuous time. The book uses MATLAB to illustrate the algorithms and includes a utilities toolbox to help readers develop their own computational economics applications.;
eBook
Computational economics : a concise introduction
This textbook is innovative, easy to read and highly focused, providing students of economics with the skills needed to understand the essentials of using numerical methods to solve economic problems. It also provides more technical readers with an easy way to cope with economics through modelling and simulation. Later in the book, more elaborate economic models and advanced numerical methods are introduced which will prove valuable to those in more advanced study.
Book
The Nature of Data
When we look at some of the most pressing issues in environmental
politics today, it is hard to avoid data technologies. Big data,
artificial intelligence, and data dashboards all promise
\"revolutionary\" advances in the speed and scale at which
governments, corporations, conservationists, and even individuals
can respond to environmental challenges. By bringing together
scholars from geography, anthropology, science and technology
studies, and ecology, The Nature of Data explores how the
digital realm is a significant site in which environmental politics
are waged. This collection as a whole makes the argument that we
cannot fully understand the current conjuncture in critical, global
environmental politics without understanding the role of data
platforms, devices, standards, and institutions. In particular,
The Nature of Data addresses the contested practices of
making and maintaining data infrastructure, the imaginaries
produced by data infrastructures, the relations between state and
civil society that data infrastructure reworks, and the conditions
under which technology can further socio-ecological justice instead
of re-entrenching state and capitalist power. This innovative
volume presents some of the first research in this new but rapidly
growing subfield that addresses the role of data infrastructures in
critical environmental politics.
eBook
Manifesto of the new economy : institutions and business models of the digital society
\"The book is about the future development of the digital society, social search engines of the new generation, and crowdsourcing (collaboration) in information processing. The book examines future development of social networks and their way to monetization. It presents the business model for content producing industries, which further existence is questionable due to rapidly decreasing copyright working capacity. Some chapters are about the economics of people's personal time and laws of emotional asymmetry in information perception - knowledge of such laws helps people to manage their subjective sensation of happiness. How do social networking services earn money? What is the 'second hand of the market' and how does it operate? Why does society need so many different kinds of goods? What does happiness economics not reveal about happiness? What is the link between talent, success and 'stardom'? What is the business development model for the entertainment and media industry? What is emotional hysteresis? How can we measure cultural values? What is subjective time and how can it be made qualitative? What is club economics? You can find the answers to all these questions in the book. It describes the main trends in development of our digital society. It appeals to those who are curious about what will replace search engines, and how social networking services will evolve. It is about the profit from different forms of informational collaboration (crowdsourcing, collaborative filtering) and how it will affect the structure of the society and human pursuit for happiness.\"--Publisher's website.
Book
Blockchain and crypto currency : building a high quality marketplace for crypto data
This open access book contributes to the creation of a cyber ecosystem supported by blockchain technology in which technology and people can coexist in harmony. Blockchains have shown that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. The decentralization of the recording process is expected to significantly economize the cost of transactions. Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them. This book examines the formation of markets for various types of data from the theory of market quality proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a new production factor. Bringing ownership of data to the hands of data producers, blockchains can reduce the possibility of information leakage, enhance the sharing and use of IoT data, and prevent data monopoly and misuse. The industry will have a bright future as soon as better technology is developed and when a healthy infrastructure is created to support the blockchain market.
Book
The mazes with minds of their own
Automated ‘smart mazes’ free behavioural researchers from the tedium of monitoring animals. They also boost data quality and reproducibility.
Automated ‘smart mazes’ free behavioural researchers from the tedium of monitoring animals. They also boost data quality and reproducibility.
Journal Article