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Macroeconomics must take radical uncertainty into account, if it aims at contributing to the solution of serious real-world problems such as climate change. Allowing for radical uncertainty must happen at two levels: the level of modeling and the level of the scientific discipline. I argue that...
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The tools and concepts of the emerging field of complexity science - like agent-based modeling, network theory, and machine learning - can offer powerful insights to economists and crafters of public policy. Complexity science enables us to explicitly model relationships between individuals and...
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