In the 1980s and ’90s, SFI played laboratory to a promising new method known as agent-based modeling. In ensuing decades, agent-based models (ABMs) proliferated across many fields, including economics ...

Reaching net-zero emissions will involve a structural transformation of the global economy. The transition is complicated by deep uncertainty about the new economic configurations that will emerge, ...

Mr. Bookstaber is the author of “A Demon of Our Own Design,” which in 2007 warned of the coming financial crisis. Our economy today has been described variously as “weird,” “really weird” and “very, ...

Economic Model Predictive Control (EMPC) represents an evolution of traditional control strategies, where the primary objective is to directly optimise an economic cost function rather than merely ...

Are you interested in learning more about the US economy and the capitalist economic system? The circular flow model is a way to understand its ebbs and flows better, as it helps to visualize the ...

In “When economists’ forecasts are no better than a coin toss” (Letters, October 4), Tahir Farooq castigates economists for being obsessed with the mathematical formulations of dynamic stochastic ...

Twenty years ago Joshua Cooper Ramo, a consultant, first wrote about the “Beijing consensus”. The Washington consensus of financial liberalisation, floating currencies and openness to foreign capital ...

THE BIG debate about the Chinese economy has long pitted those who see it as a bubble waiting to burst against those who judge it a sustainable success. A new debate is now emerging, which is ...