We present a model for the dynamic spreading of failures in networked systems. The model combines network nodes as active, bistable elements and delayed interactions along directed links. By means of simulations, we explore the time-dependent spreading and cascade failures in different network...

In this paper we discuss the problem of information losses in organizations and how they depend on the organization network structure. Hierarchical networks are an optimal organization structure only when the failure rate of nodes or links is negligible. Otherwise, redundant information links...

In this special issue, an overview of the Thematic Institute (TI) on Information and Material Flows in Complex Systems is given. The TI was carried out within EXYSTENCE, the first EU Network of Excellence in the area of complex systems. Its motivation, research approach and subjects are...

The modeling of complex systems such as ecological or socio-economic systems can be very challenging. Although various modeling approaches exist, they are generally not compatible and mutually consistent, and empirical data often do not allow one to decide what model is the right one, the best...

In this paper we argue that if we want to find a more satisfactory approach to tackling the major socio-economic problems we are facing, we need to thoroughly rethink the basic assumptions of macroeconomics and financial theory. Making minor modifications to the standard models to remove...