Economic complexity examines how the diversity and sophistication of a country’s productive capabilities shape its growth trajectory. By mapping the network of products that economies export or ...

Global markets are complex systems, shaped by feedback loops, sudden shocks, and adaptive behavior that rarely follow textbook rules and which can't be captured by neat equations. That reality is at ...

Economic complexity refers to the diversity and sophistication of the productive capabilities embedded in a country’s industrial structure. It shapes patterns of trade, innovation and resource use, ...

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 ...

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 ...

Complexity theory is needed for a better understanding and management of financial-economic crises, according to a new article. The article, which is authored by an interdisciplinary group of ...

A new paper argues that everything else being equal, the complexity of a country's exports also correlates with its degree of economic equality: The more complex a country's products, the greater ...

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 ...

Industry, Innovation and Science Minister Christopher Pyne says he will release his ‘inner revolutionary’ to help make Australia’s economy more innovative. Mick Tsikas/AAP Australian Prime Minister ...

Eric Beinhocker is the Executive Director of the Institute for New Economic Thinking at the Oxford Martin School, University of Oxford. W. Brian Arthur is External Professor at Santa Fe Institute.