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Complexity Theory and Agile Policy-Making


Reference:

Room, G., 2016. Complexity Theory and Agile Policy-Making. In: Stiftung, B., ed. “To the Man with a Hammer…”:. Gütersloh, Germany: Bertelsmann Stiftung, pp. 107-120.

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    Abstract

    Complexity thinking has provided new insights into economic problems. Nevertheless, in many respects it has also reminded us of older approaches to economic analysis, long side-lined by economic orthodoxy but now rediscovered. This chapter starts with some of the central tenets of orthodox economic analysis; it considers how these are put in question by complexity thinking; and it provides three examples of the ‘agile policy-making’ that this new perspective provides. It points to some of the profound institutional changes needed to produce an efficient economic policy, in a world of limited predictability and control.

    Details

    Item Type Book Sections
    CreatorsRoom, G.
    EditorsStiftung, B.
    DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
    Research Centres & Institutes > Institute for Policy Research
    StatusPublished
    ID Code47969

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