Responding to Complexity in Socio-­Economic Systems: How to Build a Smart and Resilient Society?

6 Pages Posted: 24 Mar 2015  

Dirk Helbing

ETH Zürich - Department of Humanities, Social and Political Sciences (GESS)

Date Written: March 22, 2015

Abstract

The world is changing at an ever-increasing pace. And it has changed in a much more fundamental way than one would think, primarily because it has become more connected and interdependent than in our entire history. Every new product, every new invention can be combined with those that existed before, thereby creating an explosion of complexity: structural complexity, dynamic complexity, functional complexity, and algorithmic complexity. How to respond to this challenge?

Keywords: complex dynamical systems, smart society, digital society, modularization, distributed control, self-organization, Internet of Things, externalities, multi-dimensional finance

JEL Classification: A00

Suggested Citation

Helbing, Dirk, Responding to Complexity in Socio-­Economic Systems: How to Build a Smart and Resilient Society? (March 22, 2015). Available at SSRN: https://ssrn.com/abstract=2583391 or http://dx.doi.org/10.2139/ssrn.2583391

Dirk Helbing (Contact Author)

ETH Zürich - Department of Humanities, Social and Political Sciences (GESS) ( email )

ETH Zurich - Swiss Federal Institute of Technology
Clausiusstrasse 50
Zurich, 8092
Switzerland

HOME PAGE: http://www.coss.ethz.ch

Paper statistics

Downloads
307
Rank
79,836
Abstract Views
2,518