Lecture II - What Is Stability in Today’s Complex Financial Systems?

by Robert May
Oct. 3, 2012

2012 Stanislaw Ulam Memorial Lectures: The Many Faces Of Complexity

The economic crisis prompts May to explore how we might design financial services that satisfy their purpose of efficient distribution of capital in a free-market system but without the fragility and (hidden) costliness of our current systems, with emphasis on what ecology can teach us about banking.

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