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#4 - William Hynes from OECD on why prevailing economic paradigms weaken, not strengthen social and environmental resilience
Our special guest this week is William Hynes, Head of The New Approaches to Economic Challenges Unit at OECD.
We originally recorded this podcast on the 11 February 2020.
William and I discussion how traditional economic theory, which strives for market optimisation, inherently overlooks and fails to address social and environmental resilience. We get into new modalities such as complexity and chaos theory, agent-based modelling, and the recognition that we should be thinking about the resilience of economies/societies rather than the triggers. I think this last point may challenge the growing interest (and investment) in trigger (or forecast) based humanitarian interventions.
If you have questions or comments please tweet us at @DRCInnovation or @Adambornstein
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By Adam BornsteinOur special guest this week is William Hynes, Head of The New Approaches to Economic Challenges Unit at OECD.
We originally recorded this podcast on the 11 February 2020.
William and I discussion how traditional economic theory, which strives for market optimisation, inherently overlooks and fails to address social and environmental resilience. We get into new modalities such as complexity and chaos theory, agent-based modelling, and the recognition that we should be thinking about the resilience of economies/societies rather than the triggers. I think this last point may challenge the growing interest (and investment) in trigger (or forecast) based humanitarian interventions.
If you have questions or comments please tweet us at @DRCInnovation or @Adambornstein
Articles highlights: