Stability of Democracies: A Complex Systems Perspective – with Karoline Wiesner, Alvin Birdi, Tina Eliassi-Rad, David Garcia, Stephan Lewandowsky, Patricia Palacios, Don Ross, Didier Sornet and Karim Thebault

Karoline Wiesner, Alvin Birdi, Tina Eliassi-Rad, Henry Farrell, David Garcia, Stephan Lewandowsky, Patricia Palacios, Don Ross, Didier Sornet and Karim Thebault (2019), “Stability of Democracies: A Complex Systems Perspective,” European Journal of Physics 40, 1:014002.

The idea that democracy is under threat, after being largely dormant for at least 40 years, is looming increasingly large in public discourse. Complex systems theory offers a range of powerful new tools to analyse the stability of social institutions in general, and democracy in particular. What makes a democracy stable? And which processes potentially lead to instability of a democratic system? This paper offers a complex systems perspective on this question, informed by areas of the mathematical, natural, and social sciences. We explain the meaning of the term ‘stability’ in different disciplines and discuss how laws, rules, and regulations, but also norms, conventions, and expectations are decisive for the stability of a social institution such as democracy.

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Other Writing:

Essay

A More Imperfect Union: On the European Central Bank

How a central bank created to exist apart from politics got drawn into bitter political arguments. In September, the European Central Bank announced that it had taken decisions on a “number of technical features regarding the Eurosystem’s outright transactions in secondary sovereign bond markets.” The ECB did all it could to make these decisions sound ...
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Academic Article

Consensus, Dissensus and Economic Ideas: Economic Crisis and the Rise and Fall of Keynesianism – with John Quiggin

Henry Farrell and John Quiggin (2017), “Consensus, Dissensus and Economic Ideas: Economic Crisis and the Rise and Fall of Keynesianism,” International Studies Quarterly,61,1:269-283. Subsequent subject of an ISQ Symposium, featuring Paul Krugman, Elizabeth Berman, Stephen Nelson and Andrew Baker, with a response from the authors. During the recent economic crisis, Keynesian ideas about fiscal stimulus briefly seemed ...
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