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We are economists and thinkers from a range of disciplines who challenge conventional wisdom and advance ideas to better serve society.

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Mauro Gallegati

Involvement

Prof. Mauro Gallegati obtained his Ph.D. in Economics in 1989 at the University of Ancona. He is professor of Economics at the Polytechnic University of Marche, Ancona. He has been visiting Professor in several Universities and research institutes, including Cambridge, Stanford, MIT, Columbia, Santa Fe Institute, Brookings Institution and ETH. Prof. Gallegati is on the editorial board of several economic journals, among which the Journal of Economic Interaction and Coordination. His research includes business fluctuations, nonlinear dynamics, models of financial fragility and heterogeneous interacting agents. Mauro Gallegati is well known from his widely cited work with Joseph E. Stiglitz, developing theory of asymmetric information and heterogeneous agents and their applications. He published papers in the top journals on economic, economic history and history of economic analysis, nonlinear mathematics, applied economics, complexity and econophysics. The research group lead by prof. Gallegati studies agent-based models of economic phenomena, with a special focus on the performance of heterogeneous, interacting agents, generating aggregate fluctuations, coordination failures and emerging phenomena in general. The group has extensive knowledge in simulation design and analysis of complex economic phenomena. Prof. Gallegati has been involved in several European projects since 2004. The latest funded EU project is FOC (2010-2013), which is focused on financial crisis forecasting using the tools of complexity theory.

By this expert

Reconstructing Economics: Agent Based Models and Complexity

Paper Conference paper | By Mauro Gallegati | Apr 2012

In 1803 Louis Poinsot, a French physicist, wrote a book of great success, Elements de Statique, which was destined to have practical and social influences unimaginable to the same author.