In the Christian Science Monitor, Professor Simon Levin poses the question: What can Mother Nature teach us about managing financial systems?
Like ecosystems, financial markets are complex evolving systems from which unexpected bubbles, crashes, and other surprising behaviors can emerge. Building resilient financial systems may require policymakers to take cues from biology.
More from the story:
Just as an ecosystem ecologist is focused on the cycling of crucial elements like carbon, nitrogen, and phosphorus, so too might a “financial ecologist” focus on the sustainable cycling of crucial elements like capital, labor, and financial innovation.
Read the piece by Levin, James S. McDonnell Distinguished University Professor in Ecology and Evolutionary Biology, here.