Oxford Martin School
Oxford Martin School
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'Making sense of chaos: a better economics for a better world' with Prof Doyne Farmer
We live in an age of increasing complexity, where accelerating technology and global interconnection hold more promise - and more peril - than any other time in human history.
The fossil fuels that have powered global wealth creation now threaten to destroy the world they helped build. Automation and digitisation promise prosperity for some, unemployment for others. Financial crises fuel growing inequality, polarisation and the retreat of democracy. At heart, all these problems are rooted in the economy, yet the guidance provided by economic models has often failed.
Using big data and ever more powerful computers, we are now able for the first time to apply complex systems science to economic activity, building realistic models of the global economy. The resulting simulations and the emergent behaviour we observe form the cornerstone of the science of complexity economics, allowing us to test ideas and make significantly better economic predictions - to better address the hard problems facing the world.
In this talk Doyne Farmer, author of Making Sense of Chaos: A Better Economics for a Better World presents a manifesto for how to do economics better. He will fuse his profound knowledge and expertise with stories from his life to explain how we can bring a scientific revolution to bear on the economic conundrums facing society.
This is a joint event with INET Oxford.
Переглядів: 1 225

Відео

'Eating to conserve: harnessing seafood sustainability to save threatened sharks' with Divya Karnad
Переглядів 11014 днів тому
The historical philosophy of wildlife conservation suggests that if humans and wildlife are separated, then wildlife will thrive. Yet megadiverse countries, like India, which are highly populated, seem to contradict this idea. While wildlife is imperilled in India, research is beginning to show that a physical and mental (perceived) disconnect from nature, such as through urbanisation, has insi...
Earth Day 2024, Planet vs. Plastics with Cameron Hepburn
Переглядів 13121 день тому
For Earth Day 2024, we sat down with Professor Cameron Hepburn, Director of the Oxford Martin Programme on the Future of Plastics and Battcock Professor of Environmental Economics at the Smith School of Enterprise and the Environment, to briefly discuss the future of plastics. In this interview, Cameron discusses their significance in society and echoes findings from a recent paper published in...
The Agile Initiative: How can maritime shipping transition to green ammonia as fuel?
Переглядів 792 місяці тому
The United Nations International Maritime Organization (IMO) has set a target to reach net-zero GHG emissions by or around 2050. This Agile Initiative research Sprint brought together experts in green ammonia production, shipping and transport infrastructure planning, climate mitigation and economic analysis to determine a pathway the industries and governments can follow to transition the indu...
The Agile Initiative Sprint Call: Webinar and Q&A
Переглядів 802 місяці тому
The Agile Initiative held a Webinar and Q&A on 28th February 2024 to give prospective applicants the opportunity to learn more about the February 2024 Sprint Call. Speakers: Deputy Director Peter Barbrook-Johnson and Programme Manager Rachel Hayman. Deadline to apply: 15th March 2024 To find out more about the Agile Sprint Call: www.agile-initiative.ox.ac.uk/news/new-call-for-agile-sprints/
The Agile Initiative: New models for applied environmental research - what has been done well?
Переглядів 1375 місяців тому
The Agile Initiative: New models for applied environmental research - what has been done well?
The Agile Initiative: New models for applied environmental research - what happens next?
Переглядів 655 місяців тому
The Agile Initiative: New models for applied environmental research - what happens next?
'Time to Look Up' with Sir Alok Sharma | James Martin Memorial Lecture 2023
Переглядів 4976 місяців тому
'Time to Look Up' with Sir Alok Sharma | James Martin Memorial Lecture 2023
The Future of Food with Peter Scarborough
Переглядів 3947 місяців тому
The Future of Food with Peter Scarborough
The Agile Initiative: Lynn Dicks on The Centre for Landscape Regeneration
Переглядів 1497 місяців тому
The Agile Initiative: Lynn Dicks on The Centre for Landscape Regeneration
The Agile Initiative: Annika Hjelmskog on Glasgow's GALLANT programme
Переглядів 737 місяців тому
The Agile Initiative: Annika Hjelmskog on Glasgow's GALLANT programme
The Agile Initiative: Getting Science into Policy
Переглядів 2727 місяців тому
The Agile Initiative: Getting Science into Policy
The Agile Initiative: Angela Cassidy on the RENEW programme
Переглядів 1387 місяців тому
The Agile Initiative: Angela Cassidy on the RENEW programme
The Agile Initiative: Connecting environmental research with policy
Переглядів 2427 місяців тому
The Agile Initiative: Connecting environmental research with policy
This Is How We Stay Cool While Temperatures Soar
Переглядів 3548 місяців тому
This Is How We Stay Cool While Temperatures Soar
We're Developing a 30-Minute Test for Antibiotic Resistance
Переглядів 657Рік тому
We're Developing a 30-Minute Test for Antibiotic Resistance
The rising tide of antimicrobial resistance - a high price to pay (Session 2)
Переглядів 430Рік тому
The rising tide of antimicrobial resistance - a high price to pay (Session 2)
The rising tide of antimicrobial resistance - a high price to pay (Session 1 )
Переглядів 418Рік тому
The rising tide of antimicrobial resistance - a high price to pay (Session 1 )
'Catastrophes of the 21st Century' with Prof Roger Pielke, Jr
Переглядів 9 тис.Рік тому
'Catastrophes of the 21st Century' with Prof Roger Pielke, Jr
'Biodiversity & food: challenges and opportunities to “win more and lose less"' with Prof Tom Tomich
Переглядів 515Рік тому
'Biodiversity & food: challenges and opportunities to “win more and lose less"' with Prof Tom Tomich
'The pathway to delivering fusion power' with Prof Ian Chapman
Переглядів 3,1 тис.Рік тому
'The pathway to delivering fusion power' with Prof Ian Chapman
Renewable Energy is Cheap, Clean and Inclusive Energy
Переглядів 768Рік тому
Renewable Energy is Cheap, Clean and Inclusive Energy
Decarbonising the energy system by 2050 could save trillions
Переглядів 408Рік тому
Decarbonising the energy system by 2050 could save trillions
How we created a roadmap for integrating renewable energy
Переглядів 366Рік тому
How we created a roadmap for integrating renewable energy
'From swimming in data to drowning' with Prof Robert Axtell
Переглядів 594Рік тому
'From swimming in data to drowning' with Prof Robert Axtell
Creating a Better Future for People Living with Epilepsy
Переглядів 8722 роки тому
Creating a Better Future for People Living with Epilepsy
Panel discussion: "On the trail of capital flight from Africa"
Переглядів 6072 роки тому
Panel discussion: "On the trail of capital flight from Africa"
COP27 Panel Video
Переглядів 1,4 тис.2 роки тому
COP27 Panel Video
Meat Your Persona: the National Tour
Переглядів 4072 роки тому
Meat Your Persona: the National Tour
Introducing a Carbon Takeback Policy - Prof. Myles Allen
Переглядів 1,2 тис.2 роки тому
Introducing a Carbon Takeback Policy - Prof. Myles Allen

КОМЕНТАРІ

  • @dr.justusaluka4229
    @dr.justusaluka4229 6 годин тому

    excellent post

  • @Massoudscap
    @Massoudscap День тому

    Technological Progress: Widespread unemployment combined with increasing inequality, will lead to social disorder, political unrest, and even threats to the sovereignty of many nations! Dr. Rajiv Malhotra

  • @Massoudscap
    @Massoudscap День тому

    Technological progress in the past did benefit the 1% , In the present does benefit the 1% and in the future will benefit the 1% !!! The humanity in large would suffer unemployment, inequalities and have & have not!

  • @ClaudioStefanoSabinoCastagnino

    INFINITE GROWTH IS POSSIBLE ON AN INFINTE UNIVERSE, IT IS JUST A BRAIN PROBLEM !

  • @omarlocke4351
    @omarlocke4351 5 днів тому

    pure evil.

  • @omarlocke4351
    @omarlocke4351 5 днів тому

    funded by the wellcomme trust. yep! these people are your enemies in the absolute. mandatory vaccines are a no go.

  • @hellenhoran352
    @hellenhoran352 10 днів тому

    The destroyed ozone layer with all the moisture... crazy fks..

  • @hsiaowanglin9782
    @hsiaowanglin9782 10 днів тому

    If government can help Elon musk for all those valuable skills, it would be so great for our country and humanity.

  • @bundleofperceptions1397
    @bundleofperceptions1397 12 днів тому

    These very smart people have been at this for more than 40-years, and yet our economy never seems to improve. I see economics as being right up there with philosophy as just another form of mental masturbation.

  • @user-nl8om2yn3u
    @user-nl8om2yn3u 13 днів тому

    Hi lk missie van you

  • @chazchendy
    @chazchendy 14 днів тому

    ua-cam.com/video/jH197vpZVa0/v-deo.htmlsi=xpw-gp71pjwLVcaF

  • @error-me
    @error-me 16 днів тому

    hello

  • @RoseMoke
    @RoseMoke 21 день тому

    Brilliant talent chosen

  • @RoseMoke
    @RoseMoke 21 день тому

    Brilliant talent chosen

  • @Braisedin
    @Braisedin 25 днів тому

    I mean wanna help reduce plastics stop shipping stuff so far. California strawberries should stay on the west coast. Avscados stay in Mexico and so on. Reduce how far things need to travel and reduce the need to seal things away for long trips.

  • @slowlysideways8705
    @slowlysideways8705 25 днів тому

    Shut up libtard

  • @ReflectionOcean
    @ReflectionOcean 25 днів тому

    By YouSum Live 00:00:12 Oxford Martin School lecture welcomes Elon Musk. 00:00:27 Elon Musk discusses future of energy and transport. 00:01:59 Elon Musk's focus on transport and energy solutions. 00:02:59 Elon Musk's role as CEO of Tesla Motors and SpaceX. 00:03:56 Elon Musk's innovative approach to space exploration. 00:04:02 Tesla's revolutionary impact on the automobile industry. 00:04:49 Elon Musk's diverse ventures from PayPal to SolarCity. 00:05:30 Elon Musk's vision, bravery, and engineering prowess. 00:06:17 Elon Musk's mission to make space travel accessible. 00:07:00 Elon Musk's journey from South Africa to Silicon Valley. 00:17:24 Elon Musk's analytical approach to problem-solving. 00:19:53 SpaceX's challenging beginnings and eventual success. 00:21:41 Learning from mistakes at a small scale. 00:21:52 Successful development of Falcon 9. 00:22:10 Seizing opportunities with Dragon spacecraft. 00:22:36 Commercial industry involvement in space missions. 00:23:16 Advancing to astronaut transport missions. 00:23:45 Introducing Falcon Heavy for increased capability. 00:24:35 Pursuing fully and rapidly reusable rockets. 00:25:28 Importance of full and rapid reusability in rocketry. 00:36:00 Solar power as a key energy source for the future. 00:43:57 Establishing a self-sustaining civilization on Mars. 00:44:22 Importance of reusable launch systems for Mars missions. 00:44:34 Goal: Create a cost-effective Mars migration under $500,000. 00:45:12 Advocating for spacecraft return for cost reduction in Mars missions. 00:45:29 Confidence in the possibility of success in Mars colonization. 00:45:47 Robotics' role in Mars exploration and human relevance concerns. 00:46:01 Addressing potential AI advancements impacting human existence. 01:02:03 The significance of a carbon tax for combating climate change. 01:05:17 Urgency in taking action to mitigate climate change's momentum. 01:05:53 Optimism about the future. 01:06:42 Solar energy abundance for humanity. 01:08:02 Mars as a feasible fixer-upper planet. 01:11:41 Private and government collaboration in space exploration. 01:15:24 Intellectual property exchange over Martian resources. 01:17:14 Inefficiency of biofuels compared to solar energy. 01:20:19 Adaptations to the electrical grid for electric cars. 01:25:00 Importance of innovation, mistakes, and ambition in exploration. By YouSum Live

  • @deece166
    @deece166 25 днів тому

    Ummm… no. Plastics makes our life better. All the way around. Plastics has propelled humans far beyond where we were prior. Think about every single piece of safety gear that you can think of. Every single one has plastic in it.

    • @professorfluffybottom7510
      @professorfluffybottom7510 25 днів тому

      Wanna bet this @$$hole has either a private jet and/or a yacht.

    • @Braisedin
      @Braisedin 25 днів тому

      There's always a better way. Need to be open to change

    • @professorfluffybottom7510
      @professorfluffybottom7510 25 днів тому

      ​@@Braisedin not saying I'm opposed to change and improvement, but we need to stop listening to these rich pricks, who contribute nothing and are usually the main source for the pollution they're advocating against.

  • @MinishMan
    @MinishMan 26 днів тому

    Sir Helm's analysis of the state of British monetary policy is just awesome. So lucid. Covers every major point. I wish that 10 minutes could be played to everyone in the country to understand where we are and what we're doing. I particularly like how he touched on the balance of payments, which is basically never covered in contemporary mainstream economics, assumed not to matter - 'it's just accounting' or even worse 'it's free goods we don't even have to work for'. I always think of it as a continual pressure to reimport the excess pounds we print, and the only possible way to reimport them is to sell capital assets, since we don't make anything foreigners want, and we don't want to devalue our currency.

  • @jakubrokita2261
    @jakubrokita2261 Місяць тому

    Free heating from nuclear waste - he meant it… must be senility.

  • @TerryGacao-ls3kw
    @TerryGacao-ls3kw Місяць тому

    Amazing mind.

  • @TerryGacao-ls3kw
    @TerryGacao-ls3kw Місяць тому

    Nov 22, 2012

  • @TerryGacao-ls3kw
    @TerryGacao-ls3kw Місяць тому

    Nov 22, 2012.

  • @ritasseremba6435
    @ritasseremba6435 Місяць тому

    We have so much to learn from him ❤ I am a dicsipel😮

  • @reeserosinfacebookhackedDEAgov
    @reeserosinfacebookhackedDEAgov Місяць тому

    The Armenta school or is it the Martin school, as might be different levels of radiation or corruption. Low noise amplifiers implanted against will by sick military veterans without American loyalty might be bad. Microchipped by cartels don’t help anyone and who is Lance Harlan Vanhorn or forty five hundred block of foxton ave. LancasterCA. David Gutierrez knows Lance , but does he know Jeff in the Navy?

  • @pollenlineages-grandolinav4703
    @pollenlineages-grandolinav4703 Місяць тому

    *climate mitigation & finance / FCO (Laikipia Rd.) & International Development: a renewed focus on the Lake Crawford hard evidence - the contested Anthropocene varves - contrasted against the Lake Turkana ‘post Holocene’ facts (Area X: FWJj V) lays bare the tactile imperatives of the transitional ‘signalling architectures’ laid bare by the critical Anthropocene stratigraphy - establishes the merits of sustainable mineral wealth ‘licence keys’

  • @faithannryan9083
    @faithannryan9083 Місяць тому

    Brilliant

  • @sjhaji
    @sjhaji Місяць тому

    Yes sir congratulations 🎉 for new heights of success

  • @phanNit-ej5nt
    @phanNit-ej5nt Місяць тому

    តើខ្មុំសុំនិយាយជាមួយលោកElon miosk

  • @damienpace7350
    @damienpace7350 Місяць тому

    This speech kinda proves the point though that if you want to have Human Rights at the forefront of world politics you need to have a unipolar world under the leadership of a liberal democracy like America. Can you cope with that truth lefties?

  • @dimitristsagdis7340
    @dimitristsagdis7340 Місяць тому

    Get the state to remove carbon in the same way it is responsible for processing sewage and solid waste. Carbon removal needs to become like the other utilities most countries provide for their populations

  • @Greenammonianews
    @Greenammonianews 2 місяці тому

    Green ammonia for maritime shipping makes a lot of sense. Safety (seems okay) ua-cam.com/video/1aa1p-ahKxI/v-deo.html NOx (seems okay) ua-cam.com/video/Gt2I2OSYzgM/v-deo.html Engine design (seems okay) ua-cam.com/video/S6lNl8cPVX8/v-deo.html Green ammonia supply and demand (production, ships, ports, use as fuel in ships and power plants) ua-cam.com/video/NgyHmEKfYtA/v-deo.html

  • @EuclidesClementino
    @EuclidesClementino 2 місяці тому

    👍😊✨✨✨🇺🇸🇺🇸🇺🇸🕊️. Hello. You✨

  • @MrPaddy924
    @MrPaddy924 2 місяці тому

    I found Hannah's case for optimism from our dire predicament quite strenuous and unconvincing, and she constructed a lot of straw men in the book in order to make her points. Her use of data in her book was selective to say the least. I also noted a number of inaccuracies (or at least significant divergencies from my own understanding of our predicament). She has also struggled to justify a lot of the positions she adopted in her own book. The section on de-growth was particularly ill informed, and the idea that renewables can replace fossil fuels, simply fanciful. I also struggled with her 'war' metaphor in the book, which I found bizarre. Her claim to absolute apolitical objectivity also, clearly indefensible. I don't concur with Hannah's definition of a 'doomer'. I regard myself as a doomer in that I think I have a realistic understanding of our predicament and tend not to seek solace in cognitive dissonance or denial. I try to be a grown up and face the grim reality of our predicament. That doesn't mean that I will ever give up hope in our ability to address some of the worst impacts of climate change - far from it - but I do push back against baseless optimism, which I regard as dangerous. Panic is an important human emotion as it can help us to conjure up the motivation and will to act on our worst fears. Buffering people from panic is unhelpful. In respect of the climate crisis, too much panic is not our problem, not enough panic is our problem. It's a shame, because I so want to encounter a positive narrative on the climate crisis in which I can believe. Hope is so difficult to come by, that I really willed Hannah to provide a convincing space for hope, but alas, I struggled to find it in her book. In order to make her somewhat plaintive case for optimism, Hannah found herself contorting and making use of accounting tricks and statistical sleight of hand. These strategies needed to be exposed. They are the same strategies used by climate deniers to such great effect. Ritchie states in the book, as cause for optimism, that the EU and USA have significantly reduced their greenhouse gas emissions. Which is, of course true, but not the cause for optimism that she suggests. Since the rise of China as the world's manufacturing powerhouse, countries like the USA, those in the EU and other developed nations have essentially delegated all of their manufacturing to China which has resulted in their own emissions reducing and China's growing. Overall, global emissions are still rising - it's just that the manufacturing component of those emissions have shifted from other G20 nations to China. This makes China look like the bad guys, when actually all they are doing is producing all of our stuff for us. Against that backdrop, you can understand why it is disingenuous for Ritchie to pick out EU and US emissions to support her case for optimism when these wealthy countries are contributing to record global emissions by buying more stuff than ever from China. At no point in her book does she caveat her positive message with these ugly truths. She's set out to write a positive book and has evidently cherry picked her data to support that thesis. This is why Greta Thunberg urges people to keep their eye on the global emissions data and nothing else. This clarity of focus makes one immune to the positive spin that the likes of Ritchie churns out. I think Bill Gates, and perhaps Elon Musk, had much more influence on this book than Hannah would ever admit. The book is a techno-optimist, neoliberal manifesto and highly ideological and, despite Hannah's assertions to the contrary, very political. She seems to be suggesting that there is a 'business as usual' route to addressing climate change and the book repeats the myth that 'we have the technology in place to solve this' - an assertion that, for me, has never stood up to scrutiny. I found it a troubling book. I recommend listening to her interview with Rachel Donald on Mongabay. Ritchie is utterly exposed. It's excruciating.

  • @malcolmfraser7939
    @malcolmfraser7939 2 місяці тому

    The issues facing Liam Byrne's constituents are Lack of Industrial investment. Education skills and training. Housing, Hospitals Policing . Inequality of wealth is a political , rabble rousing. This is the same argument of the low pay, 3 day week, strikes in the 1970's. The real argument is : Migration . We have a growing young migrant population With no housing , no skills, no training. All with a growing need for medical care. The only way is to : Provide investment opportunities for the capitalists to grow. We have wars everywhere, the capitalists nicest their money in safe haven economies. Switzerland, Tax havens, and US Dollars.

  • @catalinamarquez6937
    @catalinamarquez6937 2 місяці тому

    Thank you very much❤

  • @catalinamarquez6937
    @catalinamarquez6937 2 місяці тому

    Good morning beautiful world 🌎❤

  • @martynhaggerty2294
    @martynhaggerty2294 2 місяці тому

    Would be interested to see what Danny would say now we have chat gtp and super computers. Exponential rise in tech now.

  • @user-mj1yv6io8z
    @user-mj1yv6io8z 2 місяці тому

    🌎🇬🇧🇲🇺📡🧐

  • @Macrocompassion
    @Macrocompassion 2 місяці тому

    To create a more equal distribution of wealth the government should tax land values and remove all other kinds of taxation. The Single Tax as proposed by Henry George in 1879 in his classical book "Progress and Poverty" provided an ethical solution and this book sold at least 3 million copies. The value of useful sites of land depends on the population density in the region where these sites are available for use. Socialism does not achieve this because the managers of it have a greed that is no different to that of industrialized monopolists.

  • @waeljallad671
    @waeljallad671 3 місяці тому

    Top of the page

  • @deborahshort7596
    @deborahshort7596 3 місяці тому

    I'd like to know how the cuddly 'Oxford Principles' have been applied to the geoengineering operations coming from Oxford University, past & present........ 1. Which bodies are currently regulating these operations in order to ensure that geoengineering is a public good? 2. What mechanisms are in place in order to ensure transparency, public participation and informed consent? 3. Where are members of the public able to view the results, including negative results of these operations? 4. Which independent bodies are involved in assessing the risks and impacts of these operations? 5. How do members of the public access evidence that the principle of 'Governance before Deployment' has been applied?

  • @timothymcglynn1935
    @timothymcglynn1935 3 місяці тому

    🎉😮🎉😮🎉... nice 👍

  • @user-go5ih3ji6k
    @user-go5ih3ji6k 3 місяці тому

    Love u ty got to do emails etc lawyer apppotment have fun ❤