The Sovereign Debt Iceberg

The irrational covid-19-induced destruction of our economy has exacerbated the north-south divisions in Europe and sparked debates on issues such as austerity, recovery funds, financial stability and, of course, national debts. But when speaking of national debts, economists consistently ignore, or forget, the issue of implicit debt and focus exclusively on explicit debt. We propose…

The Resilience Rating of Easter Island

Easter Island (Chilean territory), is a remote volcanic island in Polynesia. Its native name is Rapa Nui. It’s famed for archaeological sites, including nearly 900 monumental statues called moai, created by inhabitants during the 13th–16th centuries. The moai are carved human figures with oversize heads, often resting on massive stone pedestals called ahus. Ahu Tongariki…

Simplifying a Business is … Like Alchemy

Trying to simplify a business without being able to measure its complexity (simplicity) is like a doctor who proposes a weight loss diet but has no means of measuring the weight of his patients. If one has no complexity metric then we’re talking of subjective opinions, sensations, feelings, certainly not science. The silly images such…

Reinventing Anti-Money Laundering with Complexity

Beyond Madoff: Anti-Money Laundering with Quantitative Complexity Management. By JB Beckett, Author of ‘New Fund Order’. Foreword by Jacek Marczyk. Foreword: “Our society depends on a number of highly complex and highly interconnected networks that process and distribute energy, information, goods, etc. They form an immense system of systems that has one key characteristic –…