Ian Goldin: The Global Market and Nation States (3/7)

The video discusses various network models, particularly in banking, focusing on hub and spoke structures and their vulnerabilities. It explores network design, resource allocation, and the robustness of core-periphery networks. The comparison between human and inanimate networks is examined, highlighting increasing returns and the IT bubble. The impact of epistemic networks on physical networks is analyzed, emphasizing risk models in banking. Finally, the video delves into complexity economics, heterogeneity, and the influence of the Santa Fe meeting on economic thought.

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