Complexity Economists
WE WELCOME NAIDU, RODRIK, AND ZUCMAN’S contribution and the debate it has inspired. We share much of their agenda for an economics “beyond neoliberalism”, in particular their emphasis on more empiricism, greater policy relevance, an increased focus on economic inclusion, and a broader notion of prosperity. We are also heartened by their calls to turn away from “market fetishism”; to reintroduce concerns about economic, social, and political power; and to take a more systemic, less siloed view of the economy.
Nonetheless, we believe that Naidu, Rodrik, and Zucman do not go far enough in their calls for reform. The vision they paint is still focused on the discipline of economics and anchored in the core ideas of neoclassical theory that dominated the field in the twentieth century. We believe that in order for economics to progress, it needs to fully embrace a transdisciplinary approach and modernize a number of its key concepts. Our backgrounds are in economics, political science, psychology, anthropology, physics, computer science, evolutionary theory, and complex systems theory. To us, the phenomenon called “the economy” is a highly complex, multilevel system that encompasses human biology, human behavior, group behavior, institutions, technologies, and culture, all mutually entangled in networks of nonlinear, dynamic feedback.
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Economics After Neoliberalism (Summer 2019)
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