Understanding complexity and equilibrium in the global economy (demand vs.supply vs emerging vs. interconnections vs. self-healing vs ... ) seems fundamental and as the viewpoint is purely mathematical, using for example cell biology systems as well as complex eco-systems as forests and connections between people in a neighborhood or mapping different interactions between people in small or big cities etc.THE equation needs to be modeled beyond the limitations of the physical economy as a primary principle, but not limited to it.
Prof. W. Brian Arthur work focuses on the 'second economy", where the root systems of forests in Aspen are his metaphor on the idea of the second economy , the original writing: http://goo.gl/2cVHdf , a glimpse of it here:
"Aspen root systems: If I were to look for adjectives to describe this second economy, I’d say it is vast, silent, connected, unseen, and autonomous (meaning that human beings may design it but are not directly involved in running it). It is remotely executing and global, always on, and endlessly configurable. It is concurrent—a great computer expression—which means that everything happens in parallel. It is self-configuring, meaning it constantly reconfigures itself on the fly, and increasingly it is also self-organizing, self-architecting, and self-healing."
"These last descriptors sound biological—and they are. In fact, I’m beginning to think of this second economy, which is under the surface of the physical economy, as a huge interconnected root system, very much like the root system for aspen trees. For every acre of aspen trees above the ground, there’s about ten miles of roots underneath, all interconnected with one another, “communicating” with each other."
Stephen Hawking: " the 21st century will be the century of complexity."
Physicist Heinz Pagels: "the nations and people who master the new sciences of complexity will become the economic, cultural, and political superpowers of the 21st century."
"Complexity is a movement in the sciences that greatly influences thoughts about the dynamics of our world. Instead of looking at objects of study top-down in a reductionist manner as has been done for four centuries, complexity science seeks to look at its objects of study from the bottom up, seeing them as systems of interacting elements that form, change, and evolve over time. Complexity therefore is not so much a subject as a way of looking at systems.
Complexity science is exciting. The knowledge it can deliver is crucial to coping with the grand challenges confronting humanity, such as hunger, energy, water, health, climate, security, sustainability, innovation, and the impact of technology. Complexity science is inherently interdisciplinary. It gets its problems from the real non-disciplinary world and its energy and ideas from all fields of science, at the same time affecting each."
- LECTURE of Prof. W. Brian Arthur at NANYANG Technological University http://goo.gl/oMMmp2
- Barabasi short TEDMED as addendum http://goo.gl/Lr2XMu
- image http://goo.gl/YEykcW
There are tons of materials with regard to the complexity and networking systems and my impression was if it is possible to re-fresh the whole bundle of the idea and probably encourage other people in the community to post, especially if this is their focus as scientists or they have grounded their research in these fields or they are interested yet more knowledgeable in the field. IM posting it in Earth, thu I think that it could as well be posted in Life , Physical as well as Social categories. And: this should be regarded as my first appearance with semi-writing and linking the idea I have been thinking of in the last days here in the community on Science on google+ (: