Complexity Economics And Sustainable Development
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Complexity Economics and Sustainable Development
Author: Omar A. Guerrero
language: en
Publisher: Cambridge University Press
Release Date: 2024-01-25
The Sustainable Development Goals are global objectives set by the UN. They cover fundamental issues in development such as poverty, education, economic growth, and climate. Despite growing data across policy dimensions, popular statistical approaches offer limited solutions as these datasets are not big or detailed enough to meet their technical requirements. Complexity Economics and Sustainable Development provides a novel framework to handle these challenging features, suggesting that complexity science, agent-based modelling, and computational social science can overcome these limitations. Building on interdisciplinary socioeconomic theory, it provides a new framework to quantify the link between public expenditure and development while accounting for complex interdependencies and public governance. Accompanied by comprehensive data of worldwide development indicators and open-source code, it provides a detailed construction of the analytic toolkit, familiarising readers with a diverse set of empirical applications and drawing policy implications that are insightful to a diverse readership.
A Complexity Approach to Sustainability
A major challenge of our times is to understand and manage the increasing complexity of socio-economic reality. This has immediate relevance for sustainable development. The impact of recent contributions from systems and complexity sciences in addressing this issue has not filtered down into effective practice ? notably, there remain problems caused by the legacy of competing paradigms and the application of their associated methodologies. This book argues the urgency for the application of analytical tools that embody the principles of complexity management. The authors describe a theoretical framework based on complexity science with a focus on organisational and second order cybernetics, one that presents a powerful new insight into the concept of sustainability. The book also describes actual applications of the ideas in the area of organisational, societal and environmental management, and reflects upon the impact of such an approach on current practice.
Complexity and Sustainability
Introduction -- Elucidating complexity theories -- Complexity in the natural sciences -- Complexity in social theory -- Towards transdisciplinarity -- Complexity in philosophy: complexification and the limits to knowledge -- Complexity in ethics -- Earth in the anthropocene -- Complexity and climate change -- American dreams, ecological nightmares and new visions -- Complexity and sustainability: wicked problems, gordian knots and synergistic solutions -- Conclusion.