The economic theory of the last centuries is bursting at the seams. None of its models can be used today to predict crises. In 2007, the IMF predicted a bright future for the global economy, but in 2008, turbulent times came. The reason for "scientific blindness" is simple: no one takes into account the nature of people. Scientific models work only as long as all the supposed participants in the process - consumers, companies, governments - act "like a damned robot." But the economy is a complex mechanism, the movement of which depends on an infinite number of human decisions. Richard Bookstaber proposes a revolutionary agent-based approach. It takes into account the consequences of our interaction with the outside world and its impact on us. The agent economy is ready to face the reality of effectively predicting and preventing economic crises!Richard Bookstaber is a former risk manager at investment banks Morgan Stanley, Salomon Brothers and a number of hedge funds, including Ray Dalio's Bridgewater. He currently serves as Chief Risk Officer at the University of California, where he oversees a $120 billion investment portfolio.Publisher design retained in PDF A4.