Ian Goldin: Complexity in Economic Theory - INET Panel (3/5)

The video discusses the complexity of global systems, emphasizing the unpredictability of the future despite advanced institutions. It highlights the rapid changes in globalization and connectivity over the past 20 years, driven by technological advancements. The speaker outlines lessons from the financial crisis, focusing on the inadequacy of current regulatory structures, the importance of understanding network nodes, and the need for resilience in economic systems. The video concludes with a call for rethinking management theories to build sustainable and resilient systems.

How has the pace of connectivity and complexity changed over the last 20 years?

What lessons can be learned from the financial crisis regarding the structure of regulatory systems?

What is the significance of understanding the topology and drivers within complex systems?

Discuss the impact of technological innovation on the financial crisis.

What are the implications of the small world problem in dense networks?

How does the concept of resilience challenge traditional management theories?

In what ways do the current financial systems fail to understand the underlying risks?