Technology is a complex system, composed of more than one entity or sub-systems of technologies and a relationship that holds between each entity and at least one other entity in the system for achieving specific goals.
Science is a complex system with dynamic elements (e.g., disciplines and research fields) that develop over time. The evolution of science is critical to explain human progress.
Full reserve banking is name for a bank system under which, to over-simplify, private/commercial banks cannot issue money: that is, all money is issued by central banks. Other phrases used to describe that system include “100% reserves”, “Sovereign Money” and “narrow banking”.
In the years following the Second World War, America’s Bell System developed the innovation that would launch a third industrial revolution in the United States and soon after in the rest of the world.
I was privileged to meet Milton Friedman when I was a student in Japan in 1969. The lecture that he gave that August afternoon in the Nihon Keizai Shimbun Hall in Tokyo on “Monetary versus Fiscal Policy” had a profound impact on my thinking.
For those who have been Rip Van Winkling it for the last little while Ross Ulbricht set up Silk Road, which was an electronic market for buying and selling illegal drugs.
Evolution of technology is a stepwise advancement of a complex system of artifact, driven by interactions with sub-systems and other technological systems, considering technical choices, technical requirements and science advances, which generate new and/or...
The humanities and social sciences analyse change, both micro and macro. Thus, there is much talk about development in both explanation and prediction.
Survival analysis or duration modelling is a widely applied statistical method for estimating the expected time until a specific event of interest occurs.