Nicholas Groen, CEO of Ladder Economics, discusses the flaws of traditional economics, explores solutions, and debates the applicability of complexity economics while cautioning against sudden paradigm shifts in the field.
Nicholas Gruen is the CEO of Lateral Economics, Patron of the Australian Digital Alliance, and a Visiting Professor at Kings College London.
In this episode, Nicholas discusses the limitations of traditional economic models and emphasises the importance of nuanced problem-solving. He advocates for critical thinking and an interdisciplinary approach to decision-making within complex economic systems, and asks if embracing another paradigm, in this case, complexity economics, is really the answer.
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