The concept of equilibrium, one of the most central ideas in economics and one of the core assumptions in the vast majority of economic models, may have serious problems, concludes a study from the Institute for New Economic Thinking at the Oxford Martin School.
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Today, we are no longer confined to what nature or natural intelligence must offer. From the steam engine to electricity and digital transformations to artificial intelligence, molecular manufacturing and bioengineering, each new transformative innovation has brought us a new (man-made) way of doing things in ways that nature did not provide for. As new ways […]
The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the ladder – and by 2030, it […]
This year is the 10th anniversary of my decision to devote myself to the creation of the models of social changes. After banging my head against the wall, trying to scale the default coworking business model, I realized that only city-wide catalyst models such as smart city can survive and are ones of the pillars […]
A toxic combination of slow wage growth and skyrocketing rents has put housing out of reach for a greater number of people. Daniel Olguin, 28, works on his computer in the front of his van, while his wife, Mary, 26, checks on their almost-2-year-old child in the back. The couple, who have a band called […]