Tag: #EconomicBehavior
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How Capitalism WASTES Billions
Mariana Mazzucato’s Tour De Force Professor Mariana Mazzucato is one of the world’s most exciting economic thinkers.Her new book – THE BIG CON – exposes how consultancy firms are eating up billions upon billions of pounds working on government projects and using the capitalism game-rules. You won’t think of our economic system the same way…
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The evolution of universal cooperation
Humans work together in groups to tackle shared problems and contribute to local club goods that benefit other group members. Whereas benefits from club goods remain group bound, groups are often nested in overarching collectives that face shared problems like pandemics or climate change. Such challenges require individuals to cooperate across group boundaries, raising the…
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The Capital Order
In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity— rise in interest rates, privatisation, cuts to…
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HUMAN DEVELOPMENT REPORT 2021-22
The latest Human Development Report, “Uncertain Times, Unsettled Lives: Shaping our Future in a Transforming World”, launched September 8 by UNDP, argues that layers of uncertainty are stacking up and interacting to unsettle life in unprecedented ways. The last two years have had a devastating impact for billions of people around the world, when crises…
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Information theory: A foundation for complexity science
Amos Golan and John Harte published a perspective paper, consolidating the insights and research on knowledge and models from incomplete information in complex environments, based on MaxEnt Modeling and inference are central to most areas of science and especially to evolving and complex systems. Critically, the information we have is often uncertain and insufficient, resulting…
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Need for radical reshape
Capitalism ain’t working. Does it need just another (again!) ‘fix’ or a radical reshape? The latter.“This economist has a plan to fix capitalism. It’s time we all listened” Governments must collaborate with private sector Mission Economy: A Moonshot Guide to Changing Capitalism by Mariana Mazzucato
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Fractal Organization
A recent BCG article “The Organization of the Future Is Fractal” has a clear description of what John Seely Brown expresses as “we’ve moved from the age of enlightenment to the age of entanglement where sense-making aided by imagination is now more critical than ever.” Over the past 50 years or more, as the global…
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Nos mythologies économiques
Économie : la raison économique ou comment déconstruire les idées reçues Éloi Laurent est économiste à l’Observatoire français des conjonctures économiques. Pour lui le discours économique actuel est parcouru de fausses assertions, comme par exemple “la protection sociale est ce qui empêche la croissance économique”. Dans “La raison économique et ses monstres, volume 3”, il s’efforce de…
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World Model – “Free Energy” Selections of Perception & Policy
During their lives humans constantly interact with the physical environment, as well as with themselves and others.World model learning and inference are crucial concepts in brain and cognitive science, as well as in AI and robotics. The outstanding challenges of building a generalpurpose AI needs world modelling and probabilistic inference, needed to realise a brain-like…
