Wednesday, August 03, 2011

The connected economy

Books 2 Byte
Economyths
David Orrell
(http://www.landmarkonthenet.com/)

Robust networks hold lessons for financial systems

One of the ‘ten ways that economics gets it wrong' is the idea of ‘the connected economy,' says David Orrell in Economyths. Techies may like to begin with the section on the science of networks, where the author cites the banking and electrical systems, and transportation and telecommunication networks, as examples of technological networks.

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