Grounding Complexity Economics in Framing Modern Governance*

Kovács, Olivér

doi:10.1556/032.2019.69.4.5

Cited by 5 publications

(2 citation statements)

References 42 publications

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“…As Kovács (2019) points out, the approach indicated by complexity economics is now necessary because of numerous phenomena that make the current approach based on a simplified perception of social and economic phenomena impossible to develop effective state policies. Among these phenomena Kovács mentions: 1.…”

Section: Complexity Economicsmentioning

confidence: 99%

Suitability of Complexity Economics for Long-Term Agricultural Policy-Making

Wieliczko

2020

Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economi

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The development of agricultural policy is becoming a more and more difficult task. The number of factors which should be taken into account continues to grow, while at the same time there is an increased diversification of agricultural needs as well as higher consumer and taxpayer expectations. In this situation, the approach to agricultural policy-making used so far does not function properly. The final shape of the Common Agricultural Policy (CAP) in the new multiannual financing frameworks of the European Union has not been fully established yet. The work has been prolonged for many reasons. The current European Commission pays much attention to environmental and climate challenges, proposing the implementation of the European Green Deal strategy. One of the key elements of this development concept is the "Farm to Fork" strategy, which indicates the directions of transformation of food systems in the EU. A question arises whether the proposed shape of the EU strategy for agriculture is optimal in terms of challenges faced by this sector. Complexity economics may be an answer to this question, as it offers an approach to policy-making based on the recognition of the complexity of socioeconomic systems and their specific dynamics requiring a specific shape of actions taken by the state.

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Section: Complexity Economicsmentioning

confidence: 99%

Suitability of Complexity Economics for Long-Term Agricultural Policy-Making

Wieliczko

2020

Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economi

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“…The literature concerning the nature of models and modelling as a scientific practice employed by economists has grown considerably in recent years (Fullbrook et al 2009;Kov acs 2019;Morgan 2012;Morgan -Knuuttila 2008). This is hardly surprising, given that the lion's share of theorising in economics is done by the way of models.…”

Section: Introductionmentioning

confidence: 99%

Economic modelling – Beyond isolation and construction. The case of Austrian Business Cycle Theory as presented by Roger Garrison

Mróz

Hardt

2020

Acta Oeconomica

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The paper explores the nature of economic models. It is claimed that accounting for it along the isolationism-constructivism line is untenable. A more integrated approach is needed, based on the pragmatist philosophical tradition, focussing rather on the modelling process than on the narrower notion of the model. This argument is backed by a case study: analysis of the Austrian Business Cycle Theory (ABCT) as presented by Roger Garrison, which, as is argued, does not fully fit either the isolationist or the constructivist account of models. It is primarily shown by revealing the fact that learning about the world by using ABCT is not of deductive nature. Therefore, even in the presence of such a strong realistic methodology as the one in the Austrian economics, models used by its adherents are not necessarily perfect isolations. At the same time, this realistic methodology is not in line with the constructivist approach in model-building. The paper should be understood as an exercise in philosophy of economics, namely as an attempt at better understanding of various aspects of economics (here it is models and specifically ABCT) by taking the perspective offered by philosophy of science.

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The Hungarian eurology – the road to perdition?

Kovács

2020

Post-Communist Economies

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The study aims at deciphering the driving forces behind the Hungarian eurolessness from a more complexity-aware perspective. To this end, it applies the concept of runaway phenomena, borrowed from complexity science pervaded by an evolutionary view to the socioeconomic innovation ecosystem, in interpreting the runaway Hungarian nationalism. It demonstrates that global runaway phenomena in the world economy have been heavily influencing the Hungarian path. With this approach, it becomes clearer how Hungary turned from eulogy to neutrality, and then has gone even beyond in terms of Europeanisation. The paper also conveys some lessons both for economics theory and economic governance alike.

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Grounding Complexity Economics in Framing Modern Governance*

Cited by 5 publications

References 42 publications

Suitability of Complexity Economics for Long-Term Agricultural Policy-Making

Suitability of Complexity Economics for Long-Term Agricultural Policy-Making

Economic modelling – Beyond isolation and construction. The case of Austrian Business Cycle Theory as presented by Roger Garrison

The Hungarian eurology – the road to perdition?

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