Complexity Economics: Economic Governance, Science and Policy

The book applies complexity science to economics to address real-world problems like structural change, sustained growth, inclusive development, and green growth. It identifies ways to trigger opportunities for behavioral change in the economic profession and deciphers recommendations for economic theory, practice, education, and economic governance.

Format: Paperback / softback
Length: 362 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

The socio-economic innovation ecosystem is becoming increasingly complex, with frequent and intense shocks like COVID-19. Addressing this complexity requires a different approach to economic governance. Economics must go beyond its traditional boundaries and tackle real-world problems such as fostering structural change, enhancing sustained growth, promoting inclusive development in the digital economy, and boosting green growth. Additionally, it must address the divide between the financial sector and the real economy.

This book aims to demonstrate how complexity science can be applied to economics in an effective and instructive way, in the interest of life-enhancing policies. It explores the non-negligible problem of why economics has been inadequate in guiding economic governance through complex socio-economic and environmental challenges. The book adopts an interdisciplinary approach, incorporating and transcending the state-of-the-art literature on complexity and economics. It identifies ways to trigger opportunities for behavioral change in the economic profession regarding teaching methods and content. It introduces and develops further complexity economics, considering the configuration of its main principles and outlining the silhouette of next-generation economic governance.

The book provides 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.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032264561