Systemic risks in society and economics

Abstract

This contribution presents a summary of sources and drivers of systemic risks in socio-economic systems and related governance issues. The analysis is based on the theory of complex systems and illustrated by numerous examples, including financial market instability. Typical misunderstandings regarding the behavior and functioning of socio-economic systems will be addressed, and some current threats for the stability of social and economic systems are pointed out. © 2012 Springer-Verlag Berlin Heidelberg.