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The role of emergence for a complexity approach in economics – A reply to Olivér Kovács

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  • Jörg J. Dötsch

    (Chair of Economic Policy, Andrássy University Budapest, Pollack Mihály tér 3, Budapest, H-1088, Hungary)

Abstract

This paper provides a theoretical clarification of an important question raised by Olivér Kovács in Acta Oeconomica 69 (4) and points out further problems and possibilities. It clarifies what role considerations of complexity theory have played in the economic sciences so far and why. Focussing on the complementary phenomenon of emergence, the contribution shows where the limits of this approach lie within the discipline and to what extent serious problems of demarcation arise with regard to other disciplines of the social sciences. Accordingly, this paper aims to demonstrate the conditions under which economics can use concepts of emergence in a fruitful way.

Suggested Citation

  • Jörg J. Dötsch, 2022. "The role of emergence for a complexity approach in economics – A reply to Olivér Kovács," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 72(2), pages 249-269, June.
    • Handle: RePEc:aka:aoecon:v:72:y:2022:i:2:p:249-269
    DOI: 10.1556/032.2022.00014
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    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods

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