The funding crowd

Balázs Gyimesi, OECD Observer “Every crowd has a silver lining,” said P.T. Barnum, America’s “greatest showman”. For businesses, Barnum’s play on words is especially true: crowds are becoming something of a motherlode of funding for small and medium-sized enterprises (SMEs). With bank lending declining, smaller businesses are looking for alternative ways of financing. Thanks to […]

Aid for Trade’s 2.0 upgrade

Access to global digital trade can give the development agenda the boost it needs, writes Jorge Moreira da Silva, Director, OECD Development Co-operation Directorate (DCD) What does digital connectivity for sustainable development actually look like? Take the case of business owner, Praew from Thailand, who travelled 15 km each day to sell her clothes at […]

What do Americans know about retirement and what do they expect?

 Joanne Yoong, University of Southern California Center for Economic and Social Research In a letter to his friend Jean Baptiste LeRoy in 1789, the American Founding Father Benjamin Franklin wrote “In this world, nothing can be said to be certain except death and taxes”. Franklin’s letter far predated the United States’ Social Security Act of […]

Going Digital – Making the transformation work for growth and well-being

Douglas Frantz, OECD Deputy Secretary-General and Project Leader for the OECD’s Going Digital project At a conference in China last year, the chief scientist of an American robotics firm predicted the world was approaching the “moment of singularity.” For the uninitiated, technological singularity is the hypothetical event in which artificial general intelligence allows robots and […]

Agent-based models to help economics do a better job

Richard Bookstaber, University of California Economics has not done a very good job of dealing with crises. I think this is because there are four characteristics of human experience that manifest themselves in crises and that cannot be addressed well by the methods of traditional economics. The first of these is computational irreducibility. You may […]

The Future of Economics: From Complexity to Commons

Paul B. Hartzog, Futurist This article looks at three crucial insights for the future of economics: Complex adaptive systems; how technologies of cooperation enable commons-based peer-to-peer networks; and why we need complex adaptive systems to understand new economies COMPLEX ADAPTIVE SYSTEMS The Edge of Chaos Complex adaptive systems has enjoyed considerable attention in recent decades. Chaos […]