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Network Origins of the Global Economy
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Book description

The upheavals of recent decades show us that traditional models of understanding processes of social and economic change are failing to capture real-world risk and volatility. This has resulted in flawed policy that seeks to capture change in terms of the rise or decline of regimes or regions. In order to comprehend current events, understand future risks and decide how to prepare for them, we need to consider economies and social orders as open, complex networks. This highly original work uses the tools of network analysis to understand great transitions in history, particularly those concerning economic development and globalisation. Hilton L. Root shifts attention away from particular agents – whether individuals, groups, nations or policy interventions – and toward their dynamic interactions. Applying insights from complexity science to often overlooked variables across European and Chinese history, he explores the implications of China's unique trajectory and ascendency, as a competitor and counterexample to the West.

Reviews

'[The] subject is indeed of great importance.'

Kenneth Arrow - Nobel Laureate

'Based on a unique methodological combination of institutional economic, complexity theory and network science, Hilton L. Root´s book provides invaluable new means and ideas to address the big questions of global history. It carries us from guestimates based on sparse data to formal approaches and nuanced comparisons.'

Johannes Preiser-Kapeller - Institute for Medieval Research/Division for Byzantine Research, Austrian Academy of Sciences

‘Root … helps unravel many puzzles that have intrigued social scientists, such as the motivation behind European overseas expansion.’

Aris Trantidis Source: Journal Perspectives on Politics

‘In our current state of emergency we are highly focused on nation state dynamics. However complexity economics looks at the dominance of systems and networks beyond these constructs. Hilton Root has written the interconnectedness of Europe and China through the lens of history. My conclusion: supply chains and other relationships won't be that easy to dislodge once this crisis is over. I highly recommend this book to our readers, especially those with an interest in economic history.’

Lyric Hale Source: EconVue

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