QOTD: Complex Adaptive Financial System

….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

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

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

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