GROUNDING COMPLEXITY ECONOMICS IN FRAMING MODERN GOVERNANCE

被引:5
作者
Kovacs, Oliver [1 ,2 ]
机构
[1] Natl Univ Publ Serv, Fac Publ Governance & Int Studies, Dept Econ & Int Econ, Budapest, Hungary
[2] ICEG European Ctr, Budapest, Hungary
关键词
complexity; complex system; uncertainty; economic governance; BANK RUNS; EXPECTATIONS; PRICE; FEEDBACK; SYSTEMS; THOUGHT; POLICY; PROOF;
D O I
10.1556/032.2019.69.4.5
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper addresses the hottest potato of economics today, namely why the profession seems to have been lulled into a sense of false security in spite of flourishing economic models as well as subfield-knowledge in various disciplines? The embarrassing question of the Queen of England 'why did nobody see the crisis of 2008 coming' emblematically signalled the failure of the collective imagination of the entire profession to understand the system and its emerging patterns. The present paper can be seen therefore as a clarion call for grounding a shift towards an economics barded with the lessons learnt in complexity science in shaping modern governance.
引用
收藏
页码:571 / 594
页数:24
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