Economic Networks: The New Challenges
Top Cited Papers
- 24 July 2009
- journal article
- Published by American Association for the Advancement of Science (AAAS) in Science
- Vol. 325 (5939) , 422-425
- https://doi.org/10.1126/science.1173644
Abstract
The current economic crisis illustrates a critical need for new and fundamental understanding of the structure and dynamics of economic networks. Economic systems are increasingly built on interdependencies, implemented through trans-national credit and investment networks, trade relations, or supply chains that have proven difficult to predict and control. We need, therefore, an approach that stresses the systemic complexity of economic networks and that can be used to revise and extend established paradigms in economic theory. This will facilitate the design of policies that reduce conflicts between individual interests and global efficiency, as well as reduce the risk of global failure by making economic networks more robust.Keywords
This publication has 27 references indexed in Scilit:
- Network Analysis in the Social SciencesScience, 2009
- Dynamical Processes on Complex NetworksPublished by Cambridge University Press (CUP) ,2008
- Ecology for bankersNature, 2008
- On algebraic graph theory and the dynamics of innovation networksNetworks & Heterogeneous Media, 2008
- A network analysis of the Italian overnight money marketJournal of Economic Dynamics and Control, 2008
- The rise and fall of a networked society: A formal modelProceedings of the National Academy of Sciences, 2004
- Inter-firm R&D partnerships: an overview of major trends and patterns since 1960Research Policy, 2002
- Statistical mechanics of complex networksReviews of Modern Physics, 2002
- A Noncooperative Model of Network FormationEconometrica, 2000
- A Strategic Model of Social and Economic NetworksJournal of Economic Theory, 1996