Complex Systems

Opinion

The Bell School of Economics: An Holistic and Interdisciplinary Approach

“I’ll leave labeling the “school” of economics I fall into to others.” By Holly A. Bell When I discuss economic issues people often ask me which “school” of economic thought I subscribe to. This question usually leaves me a bit tongue-tied because my approach to economics doesn’t fit neatly into any specific “school” as they …

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The New Economics: Meso and Meta

From the article by Andrew Sheng and Xiao Geng: “Indeed, today’s mainstream micro- and macroeconomic models are insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. They fail to answer what Paul Samuelson identified as the key questions for economics – what, how, and for whom are …

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Incorporating the Rentier Sectors into a Financial Model

Incorporating the Rentier Sectors into a Financial Model (via Market Shadows) Incorporating the Rentier Sectors into a Financial Model Courtesy of Michael Hudson By Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in…

Are Financial Markets Organizations or Chaos?

Organizational Behavior and Financial Markets By Holly A. Bell In March I published an article in the journal Insights to a Changing World titled, “Efficient Financial Markets as Organizations: A Metaphoric Analysis”. The purpose of the article was to explore efficient financial markets from the perspective of organizational behavior. The purpose was not to establish …

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