4.8 • 4.4K Ratings
🗓️ 22 May 2023
⏱️ 78 minutes
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The modern world is large and interconnected, and there are a lot of systems that might be important to how it functions but about which most people are barely aware. One of these is the offshore wealth management network, which wealthy individuals can use both legitimately (to invest and plan their money) and less legitimately (to avoid taxation or hide questionable practices generally). Brooke Harrington is a sociologist who has studied offshore wealth management, including by training to be one. In a recent paper, she and colleagues analyze networks of offshore wealth managers as a complex system, uncovering power-law behavior and interesting nation-dependent network structures.
Web site with transcript: https://www.preposterousuniverse.com/podcast/2023/05/22/237-brooke-harrington-on-offshore-wealth-as-a-complex-system/
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Brooke Harrington received her Ph.D. in sociology from Harvard University. She is currently a professor of sociology at Dartmouth College. Among her awards are the IPM Outstanding Book Award from the American Sociological Association. She is the author of Capital Without Borders: Wealth Management and the One Percent.
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0:00.0 | Hello, everyone, and welcome to the Mindscape Podcast. |
0:02.8 | I'm your host, Sean Carroll. |
0:04.8 | The thing about complex systems, |
0:07.2 | which is a frequent focus of our attention here, |
0:09.9 | is that by definition, they are complicated. |
0:13.7 | They can be very different from each other. |
0:15.6 | You can be complicated in different ways. |
0:17.6 | Simple things are kind of alike, |
0:19.3 | but complicated things are all complicated |
0:21.6 | in their own particular way. |
0:23.3 | The galaxy is a complex system. |
0:25.9 | Our brains are complex systems. |
0:28.1 | The US economy is a complex system. |
0:30.4 | The ecology of the Amazon rainforest is a complex system, |
0:34.4 | but all of these systems are obviously |
0:37.1 | wildly different from each other. |
0:38.4 | So how do you even say that there is a field |
0:42.3 | called complex systems? |
0:44.2 | But the nice thing is, by thinking about it hard, |
0:47.0 | by looking at data, especially, |
0:48.8 | people have come to realize that complex systems very often, |
0:53.2 | maybe not always. |
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