Doyne Farmer is the world's leading thinker on technological change. For decades, he has focused on the question of how we can understand today's data to see where the world is heading tomorrow. This wonderful book applies this knowledge to the economy, touching on the major global issues of environmental sustainability and the prosperity of people around the world.

We live in an era of increasing complexity, where accelerating technology and global interconnectedness hold more promise—and more risks—than any other time in human history. Along with financial crises, issues related to climate change, automation, rising inequality, and polarization are all rooted in the economy, yet typical economic forecasts fail.

Many books have been written about Doyne Farmer and his pioneering work in chaos and complexity theory. "Making Sense of Chaos" is the first in his own words, presenting a manifesto for better economic practice. In a story of science and ideas, Farmer combines his deep knowledge with stories from his life to explain how to harness a scientific revolution to address the economic deadlocks society faces.

Using big data and increasingly powerful computers, we can for the first time apply the science of complex systems to economic activity, developing realistic models of the global economy. The resulting simulations and the emergent behavior we observe form the core premise of complexity economics. This new science, as Farmer shows, will allow us to test ideas and make significantly better economic forecasts—and ultimately create a better world.

Pages: 384, Dimensions: 13x13cm