CCSE Lecture Series: Prosperity on the Edge of Collapse, John Casti

Friday, March 22, 2013 4:00 pm

Location: Babbio 122


Center for Complex Systems and Enterprises
Distinguished Lecture Series

Worlds in Crisis: Complex Systems and the Flow of Human Events
John Casti - The X-Center - Vienna, Austria

Lecture 3: Prosperity on the Edge of Collapse, or Why the Trend is not Your Friend
Friday, March 22; 4:00-5:00 pm | RSVP
Presentation of an entirely new paradigm for thinking about human social processes, one that breaks from the classical Newtonian view of the world as being composed of faceless particles being moved about by mysterious forces. Instead of focusing on tools appropriate for such a physics-based Weltanschauung, we suggest that in the human domain tools from dynamical system theory, probability and statistics are incapable of even formulating the questions of principal concern, let alone answering them. As an alternative, this talk presents ideas from complexity science and mass psychology that appear to hold far greater promise. The use of these ideas will be illustrated by examples ranging from the Fukushima meltdown to the “meltdown” of the global financial markets and the Euro zone.