Economic Network Topology

In this video we will be taking a look at network topology and how it relates to economic systems, we firstly talk about the process of unbundling, where heightened connectivity disintegrates homogeneous formal organizations as they become distributed out and re-coordinated through networks. We will talk about clustering as a key factor in overall network topology and how it gives rise to network heterogeneity, distinct subsystems within the network that will likely maintain it out of equilibrium. We finally touch on the subject of how network analysis is an important tool for understanding and modeling informal economies.

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