The current economic crisis illustrates a critical need for new and fundamental understanding of the structure and dynamics of economic networks. Economic systems are increasingly built on interdependencies, implemented through trans-national credit and investment networks, trade relations, or supply chains that have proven difficult to predict and control. We need, therefore, an approach that stresses the systemic complexity of economic networks and that can be used to revise and extend established paradigms in economic theory. This will facilitate the design of policies that reduce conflicts between individual interests and global efficiency, as well as reduce the risk of global failure by making economic networks more robust.
%0 Journal Article
%1 Schweitzer24072009
%A Schweitzer, Frank
%A Fagiolo, Giorgio
%A Sornette, Didier
%A Vega-Redondo, Fernando
%A Vespignani, Alessandro
%A White, Douglas R.
%D 2009
%J Science
%K banking economics finance meta networks network theory
%N 5939
%P 422-425
%R 10.1126/science.1173644
%T Economic Networks: The New Challenges
%U http://www.sciencemag.org/content/325/5939/422.abstract
%V 325
%X The current economic crisis illustrates a critical need for new and fundamental understanding of the structure and dynamics of economic networks. Economic systems are increasingly built on interdependencies, implemented through trans-national credit and investment networks, trade relations, or supply chains that have proven difficult to predict and control. We need, therefore, an approach that stresses the systemic complexity of economic networks and that can be used to revise and extend established paradigms in economic theory. This will facilitate the design of policies that reduce conflicts between individual interests and global efficiency, as well as reduce the risk of global failure by making economic networks more robust.
@article{Schweitzer24072009,
abstract = {The current economic crisis illustrates a critical need for new and fundamental understanding of the structure and dynamics of economic networks. Economic systems are increasingly built on interdependencies, implemented through trans-national credit and investment networks, trade relations, or supply chains that have proven difficult to predict and control. We need, therefore, an approach that stresses the systemic complexity of economic networks and that can be used to revise and extend established paradigms in economic theory. This will facilitate the design of policies that reduce conflicts between individual interests and global efficiency, as well as reduce the risk of global failure by making economic networks more robust.},
added-at = {2013-03-08T01:40:41.000+0100},
author = {Schweitzer, Frank and Fagiolo, Giorgio and Sornette, Didier and Vega-Redondo, Fernando and Vespignani, Alessandro and White, Douglas R.},
biburl = {https://www.bibsonomy.org/bibtex/24cd82b36524c299784d1554f90330f00/jp},
description = {Economic Networks: The New Challenges},
doi = {10.1126/science.1173644},
eprint = {http://www.sciencemag.org/content/325/5939/422.full.pdf},
interhash = {965c34a21b21aec287131cb16805f851},
intrahash = {4cd82b36524c299784d1554f90330f00},
journal = {Science},
keywords = {banking economics finance meta networks network theory},
number = 5939,
pages = {422-425},
timestamp = {2013-03-09T22:04:26.000+0100},
title = {Economic Networks: The New Challenges},
url = {http://www.sciencemag.org/content/325/5939/422.abstract},
volume = 325,
year = 2009
}