Table of Contents

• Introduction
  • The Book at a Glance
  • What Is Not Covered in This Book
  • The Political Dimension
  • Notes on the Book
• Systems and Networks
  • What Are Systems?
  • Correlation and Causality
  • Models, Graphs, and Networks
    • A “Simple” Model
    • Differential Calculus
    • A “Complicated” Model
    • Graphs and Networks
    • A “Complex” Model
  • Agent-Based Modeling (ABM)
    • Sugarscape
    • Why Did the Anasazi Move Away?
    • More “Human” with Agent_Zero
    • Complex Economics
    • You Yourself as an Agent
  • Complex Systems
    • Classification
    • Properties of Complex Systems
    • Differential Equations
    • Agent-Based Modeling (ABM), Part 2
  • Interventions
    • Human Action in Complex Systems
    • Decisions in Complex Systems
  • Black Swans and Antifragility
• Human Beings
  • Two Different Means to an End
  • Bounded Rationality
  • Game Theory and Human Behavior
  • Two Visions of Humanity
• History
  • Trade, Technology, and Social Institutions
    • Exchange Leads to Trade
    • From Trade to Prosperity
    • Technology and Social Development
  • The Economic Means
    • Theory of Constraints
    • The Evolution of Bottlenecks
• The Economy as a Complex System
  • What Is Economics?
  • Criticism of Traditional Economics
    • Historical Development
    • Traditional Economics Is Based on Physics
  • Complex Economics
    • The Economy as a Network
    • Supply, Demand, and Price
    • The Economy as an Information System
  • Markets
    • Supply and Demand
    • The Market
  • Profit Orientation, Bureaucracy, and Social Enterprises
    • Organizations
    • Profit-Oriented vs. Bureaucracy
    • Social Enterprises
  • Evolution and Dynamics
  • Innovations through Collective Intelligence
  • Complex Economics
• The Raw Material: Data
  • Data, Information, and Knowledge
    • A Distinction
    • Different Formats
    • Different Purposes
    • Different Types
  • Data in Practice
    • Application Data in Telecommunications
    • Troubleshooting with Logging Data
    • Data on an Internet Platform
    • Data in Companies
    • Processes as Data: BPM
  • Databases
    • Different Types of Databases
  • The Data Warehouse
  • Business Intelligence
  • Big Data
• Data Science: From Data to Knowledge
  • Introductory Example
  • Classification and Regression
  • Data Mining
    • The Data Mining Process
    • Other Techniques
    • Theory of Machine Learning
    • Text Mining
    • Software
  • Data-Intensive Science
• Artificial Intelligence
  • What Is Artificial Intelligence?
    • Examples
    • Rational Agents
  • The Turing Test
    • Via Chat
    • Via Spoken Language
    • The Visual Turing Test and Humanoid Robots
  • Rational Agents
  • Search
  • Neural Networks
  • Intelligent Robots
  • Status of AI
    • General AI
    • Semantics
    • Consciousness
    • Imitation of Humans
    • Outlook
• The Digital Economy
  • Digital, Innovative, and Growing Exponentially
    • Digitization and Networking
    • Exponential Growth
  • The Digital Economy
  • Innovation vs. Competition
  • Agile Companies
    • Waterfall vs. Agile
    • Capital, Knowledge, and Entrepreneurship
  • Innovations
  • Entrepreneurs
  • New Business Models
    • The Unbundled Corporation
    • Long Tail
    • Crowdfunding
    • Crowdsourcing
    • Two-Sided Market
    • Cloud
    • Open Source
    • Data as Economic Value
  • Social Networks and Democratization
    • Democratization
    • Low-Cost Education
    • Platforms as Middlemen
    • The Arab Spring
  • Economic Growth and GDP
  • “The winner takes it all”
• The Future
  • Utopias and Dystopias
    • Predictions Are Difficult, Especially …
    • Utopias and Dystopias
  • The Conditions
    • What Do the Economic Advisors Say?
    • Globalization and Urbanization
    • Demographic Changes
    • The Disruptive Dozen
  • The Brain: Big Data, Data Science, and AI
  • The Nervous System: The Internet of Things
    • The Internet Today
    • The Internet of Things
    • Identification with RFID
    • Machine-to-Machine Communication (M2M)
    • Still in Development
  • The Improved Collective Intelligence
    • Examples of the Internet of Things
    • Application: Climate
    • Application: Health
    • Application: Financial System
  • The Distant Future: The Singularity
• … and Politics
  • The Political Game
  • Individual and Economic Freedom
  • The Financial System
  • Market and State
    • A Mixture of Capitalism and Socialism
    • The Optimal Mix?
    • Bottom-Up vs. Top-Down
    • Market vs. State
  • Complex Politics
  • Conflicts of Interest
    • Conflicts between Established and New
    • Marxism
  • Work and Jobs
    • Knowledge and Service
    • Substitution and Augmentation
    • The Skills Shortage
    • And Politics?
  • Monopolies and Patents
  • Data Protection and Privacy
    • Data and Data Protection
    • Privacy
    • Economy and State
• Summary and Conclusion
  • Summary
  • Implications
    • Reset and Reassessment
    • Seeing the Future Positively
    • Seeing Changes Positively
    • Accounting for Complexity
    • Progress Is Fragile
    • Innovation Instead of “Political Debate”
• Bibliography