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Epilogue

In: Why and How Humans Trade, Predict, Aggregate, and Innovate

Author

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  • Maurizio Bovi

    (Italian National Institute of Statistics)

Abstract

Bovi scouts how trading, forecasting, aggregating, and innovating affairs (the Four) can reinforce each other and underlines that all these businesses actively contributed to the Industrial Revolution. But the chapter also informs that each of the Four has diverse flipsides. Among others, the chapter considers procrastination, irrational exuberance, pollution, and market power. It then describes some of the solutions concocted by humans. Speculating on near future developments, Bovi guesses that the Four will continue to shape capitalistic systems and that, in their management, states’ responsibilities increase relatively more than those of markets, informal institutions, and social capital. If worries emerge because humans will still behave opportunistically and insatiably, humans living in market systems eventually elaborate hybrid solutions and, in doing so, they perpetuate systems neither perfect nor dystopian.

Suggested Citation

  • Maurizio Bovi, 2022. "Epilogue," Contributions to Economics, in: Why and How Humans Trade, Predict, Aggregate, and Innovate, chapter 6, pages 151-191, Springer.
  • Handle: RePEc:spr:conchp:978-3-030-93885-7_6
    DOI: 10.1007/978-3-030-93885-7_6
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