"By nature, ‘complex systems’ grow or decay at exponential rates. As suggested by the butterfly-effect in chaos theory, a negligible change in an ‘or… - Alessandro Magnoli Bocchi

"By nature, ‘complex systems’ grow or decay at exponential rates. As suggested by the butterfly-effect in chaos theory, a negligible change in an ‘original state’ can lead to a radically different ‘resulting state’. In other words, a minor event might have large, unpredictable effects - depending on its: a) position in network (i.e.: initial conditions); b) degree of connectivity (i.e.: ease of interaction); and c) size of the impact".

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About Alessandro Magnoli Bocchi

Alessandro Magnoli Bocchi (born 25 April 1968), is an Italian economist, investment professional and manager.

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Alternative Names: Alessandro Magnoli

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"The state needs to enable the markets, but - contrary to the dreams of planners and technocrats - development cannot be ‘state-managed’. For the business environment to lead to innovation, the state needs to protect ‘public goods’ such as: 1) competition; and more broadly 2) the entrepreneurial spirit. Policymakers must achieve a practical, dynamic balance in the state-market mix".

"Thinking about the future gives vertigo. It takes courage to look ahead. The ancient Greeks - when they sought to know - consulted the oracle at Delphi. Religion and magic help manage anxiety, but a dispassionate analysis of data and probabilities may actually provide useful guidance".

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"‘Greening the economy’ is likely to be as challenging: every year governments across the world subsidize fossil-fuels (coal, oil, gas) for an amount equivalent to Japan’s GDP, produce electricity by burning them, and authorize the chopping to ‘non-forest use’ of an area the size of Belgium".

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