Thursday, June 11, 2009
A short commentary from Sidney Winter, one of the fathers of evolutionary economics about a subject that we see nowadays in many newspapers' headlines: Is Capitalism dead?
Winter's insights are always interesting. In this short video we can hear from somebody who spent a lifetime building models and trying to understand the inner workings of our market system, the urgent need for designing institutions that promote social welfare.
As societies grow more complex, more interconnected and phenomena scale faster, then the importance of having in place mechanisms aligned with the public interest rises.