Lecture II - What Is Stability in Today's Complex Financial Systems?
2013年 06月 12日
October 3, 2012
2012 Stanislaw Ulam Memorial Lectures
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.