QOTD: Complex Adaptive Financial System

Posted on September 18, 2018 by macromon

….the financial system is complex and hard to understand. It was, in fact, at least partly the growing complexity of the system that got us into such a mess in the first place. – Catherine Rampell, Washington Post

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3 Responses to QOTD: Complex Adaptive Financial System

  2. Andrew J. Szabo, CFA's avatar Andrew J. Szabo, CFA says:
    September 18, 2018 at 7:23 AM

    And a good paper that draws on Human Minsky and others: http://www.levyinstitute.org/pubs/wp_662.pdf

    Reply
  3. Andrew J. Szabo, CFA's avatar Andrew J. Szabo, CFA says:
    September 18, 2018 at 7:24 AM

    Excuse me, Hyman Minsky, John Galbraith, Veblen and K.W. Kapp.

    Reply

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