Epilogue

Maurizio Bovi ()

Chapter 6 in Why and How Humans Trade, Predict, Aggregate, and Innovate, 2022, pp 151-191 from Springer

Abstract: 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.

Date: 2022
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DOI: 10.1007/978-3-030-93885-7_6

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