If we want to put people at the centre of economic policy, then economics has to study people. It has to understand how their thoughts, feelings, aspirations, history, and culture interact inside them to produce the decisions and actions visible to the outside world. Understanding people to understand the economy is at the core of NAEC, and is the central issue of this conference on integrative economics. “Integrative” means an economics that calls on the insights and methods of the range of disciplines needed to paint a realistic picture of how the economic system is shaped and helps shape the larger “system of systems” it is part of.
Traditional economics does not provide the tools we need to analyse the many, often irrational-seeming, behaviours that are generated by the uncountable interactions of billions of people, firms and institutions locally or globally, in small groups or as nations, at timescales ranging from nanoseconds to millennia.
The conference invites world experts on state-of-the-art policy applications emerging from new analytical tools and techniques to show how methodological innovations and interdisciplinary approaches such as agent-based modelling, nowcasting, machine learning, and network analysis could contribute to a better understanding of the complexity and interaction of our economic, financial, social and environmental systems.
=> On 6 March NAEC and its partners will hold master classes with some of the world’s leading practitioners on complexity, network analysis and agent-based modelling - See agenda