Our team member Cars Hommes et al, have recently published an article in Science in which they explore the role and relevance that complexity theory has (and should have) in economics. Extrapolating results from the natural sciences, estimating systemic risks on financial networks or deepening our understanding of emergent collective behavior of people might be crucial for our future development and stability. In their opinion:
The funding required for essentialpolicy-relevant and fundamental interdis-ciplinary progress in these areas would betrivial compared with the costs of systemicfinancial failures or the collapse of the globalfinancial-economic system.
This article provides further evidence to the need of a project like IBSEN, whose purpose is to contribute to this way of doing social and economic sciences, by providing experimental resources and results in large-scale systems.