Debate the Issues: Complexity and Policy making
The OECD’s New Approaches to Economic Challenges (NAEC) initiative invited experts
from inside and outside the Organisation to discuss complexity theory as a means to
better understand the interconnected nature of the trends and influences shaping our
socio-economic environment. Their contributions, brought together here, examine the
assumptions, strengths and shortcomings of traditional models, and propose a way to
build new ones that would take into account factors such as psychology, history and
culture neglected by these models. The authors concentrate on the discipline of economics
as such; the financial system; and applications of complexity theory to policy making
and governance. They argue that a new narrative is needed to integrate the hopes,
values, attitudes and behaviours of people into economics along with the facts and
data economists are more used to dealing with.
Published on June 06, 2017Also available in: Spanish, French
In series:OECD Insightsview more titles