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Sydney Ideas - Cyber Society Meets Economics

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Civil Engineering Lecture Room 1

Civil and Mining Engineering Building J05

University of Sydney

Camperdown, NSW 2006

Australia

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Professor Paul Ormerod, Centre for Decision Making at University College, London (UCL) and author

Sydney Ideas co-presented with the Centre for Complex Systems in the Faculty of Engineering and Information Technology and the Crisis Response in Interdependent Social-Infrastructure Systems (CRISIS) project


The stupendous rise of the internet and cyber society poses serious challenges for economics. Economics essentially looks at individual units - people, firms, governments - and treats their behaviour as independent.

In the 21st century, this assumption is less and less tenable. Connections determine behaviour. Narratives and perceptions become as important - perhaps even more so - than “objective” reality. What are the implications both for economics and for policy?"

ABOUT THE SPEAKER:
Professor Paul Ormerod is an author, academic and entrepreneur and currently a Visiting Professor in the Centre for Decision Making at University College, London (UCL). His book The Death of Economics (1993) sold over 1 million copies world wide, and his most recent book is Positive Linking: How Networks and Incentives Can Revolutionise the World(2014). He writes a weekly column for London’s City AM newspaper. He originally read economics at Cambridge and took the MPhil in economics at Oxford. More information

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Civil Engineering Lecture Room 1

Civil and Mining Engineering Building J05

University of Sydney

Camperdown, NSW 2006

Australia

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