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Complexity Economics - Economic Governance, Science and Policy (Hardcover)
Loot Price: R5,353
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Complexity Economics - Economic Governance, Science and Policy (Hardcover)
Series: Routledge Studies in Economic Theory, Method and Philosophy
Expected to ship within 12 - 17 working days
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Our socio-economic innovation ecosystem is riddled with
ever-increasing complexity, as we are faced with more frequent and
intense shocks, such as COVID-19. Unfortunately, addressing
complexity requires a different kind of economic governance. There
is increasing pressure on economics to not only going beyond its
traditional mainstream boundaries but also to tackle real-world
problems, such as fostering structural change, enhancing sustained
growth, promoting inclusive development in the era of the digital
economy, and boosting green growth, while addressing the divide
between the financial sector and the real economy. This book
demonstrates how to apply complexity science to economics in an
effective and instructive way, in the interest of life-enhancing
policies. The book revolves around the non-negligible problem of
why economics, to date, seems to be inadequate in guiding economic
governance to navigate through real and ever-intensifying complex
socio-economic and environmental challenges. With its
interdisciplinary approach, the book scans the nuanced nexus
between complexity and economics by incorporating, as well as
transcending, the state-of-the-art literature. It identifies ways
to trigger opportunities for behavioural change in the economic
profession with respect to how and what to teach, introducing and
developing further complexity economics taking into account the
configuration of its main principles and outlining the silhouette
of next-generation economic governance. The book deciphers
recommendations for economic theory, practice, education and
economic governance. It will be of interest to students, scholars,
academics, think-tank researchers and economic policy practitioners
at the national and/or supranational levels.
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