Systems Economics: A New Prescription for Risk Management

In this op-ed for Pensions & Investments, Rory Riggs makes the case for functional, systems-based classification of economic data as an alternative to conventional sector-based risk models.

The piece restates the core argument behind Systems Economics: that industry classification schemes like GICS, SIC, and NAICS organize data by surface appearance and historical convention rather than by what a business actually does, and that a functional coordinate system offers institutional risk managers a more stable, comparable basis for measuring and diversifying business risk.

Read the op-ed at Pensions & Investments →

Scroll to Top