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Complexity Economics: Economic Governance, Science and Policy (Routledge Studies in Economic Theory, Method and Philosophy)

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Book Details
Language
English
Publishers
Routledge; 1st edition (29 Jan. 2024)
Weight
0.52 KG
Publication Date
29/01/2024
ISBN-10
103226456X
Pages
374 pages
ISBN-13
9781032264561
Dimensions
15.6 x 2.16 x 23.4 cm
SKU
9781032264561
Author Name
Olivér Kovács (Author)
Oliver Kovacs is a Hungarian economist, he received his Ph.D. degree with summa cum laude at the University of Debrecen, Doctoral School of Economics „Competitiveness, Globalisation and Regionalism” Doctoral Programme in 2013. He has been a research fellow and project manager at the Budapest-based ICEG European Center since October 2009, and as of 1st September 2017, He has also been a senior research fellow at the Department of Economics and International Economics, Faculty of Public Governance and International Studies at the University of Public Service, Ludovika, Budapest.Fundamentally, his research embraces two fields: (i) sustainable development through the lens of complexity science (incl. structural change, techno-economic paradigmatic shifts, industry 4.0, fiscal sustainability of the state and the theoretical and empirical issues of fiscal policy and fiscal consolidations); (ii) innovation and innovation policy. Beyond these research fields, he also deals with the theoretical and empirical issues of macroeconomic instability from complexity science perspective and the nature of foreign direct investments. He has been preparing quantitative and qualitative research on sectoral development in various fields (e.g. inland waterway transport; railway transport; air transport; tourism and hospitality industry etc.). During his project management activities, he regularly takes part in international projects dealing with innovation policy and competitiveness of nations.His articles appeared in peer-reviewed domestic and international journals, e.g. Acta Oeconomica, Competitio, Economic Review, Eastern Journal of European Studies, Koz-Gazdasag, Public Finance Quarterly, Perspectives on European Politics and Society, Society and Economy, Social Sciences, Technology in Society, Journal of Post-Communist Economies, TIGER Working Paper series etc. Short articles were prepared for INNO-Grips Newsletters as well in theme like ’The Impact of Environmental Regulation and International Agreements on Innovation and Technological Development’. Papers were also issued as book chapters. He also published at the European Commission, the Finland Futures Research Centre, Cornell University (New York), and at the Columbia University – Columbia Center on Sustainable Investment. He regularly takes part in international workshops and conferences. He was awarded by the János Bolyai Research Fellowship of the Hungarian Academy of Sciences for the period 2017-2020, and He also obtained the Scholarship of the New National Excellence Program Bolyai+ initiated by the Ministry of Human Capacities of the Hungarian Government for the period 2018/2019. He has been a member of public body of Hungarian Academy of Sciences since 2015 (Economics and Law Section of the Hungarian Academy of Sciences, Committee on World Economics and Development Studies), a member of the EuroMoney Expert Panel since 2010, and a member of the Darwin Club for Social Sciences which is equipped with the idea of applying evolutionary and complexity approaches to socio-economic phenomena. He is also a Member of the Editorial Board of Economics (ISSN Print: 376-659X), the Journal of Global Humanities and Social Sciences (ISSN: 2737-5374) and that of Intersections. East European Journal of Society and Politics (IEEJSP).His first book, Stability and Dynamism – Fundamentals of Innovative Fiscal Policy was aired in 2015. His second book on Complexity Economics: Economic Governance, Science and Policy was published in July 2022 by Routledge, while his latest book, Reversing the Great Suppression – Unleashing the Catalytic Public Sector for Innovation Dynamism, is to shed light on a systemic tectonic movement that makes impossible for the real economy to be the sole motor of innovation, public sector shall act as a pro-active trendsetter while also redressing and underpinning the bridge between the expanding financial universe and the real economy.Read more about this authorRead less about this author
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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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