Complexity, economics, and public policy
This article considers the implications of complex systems models for the study of economics and the evaluation of public policies. I argue that complexity can enhance current approaches to formal economic analysis, but does so in ways that complement current approaches. I further argue that while complexity can influence how public policy analysis is conducted, it does not delimit the use of consequentialist approaches to policy comparison to the degree initially suggested by Hayek and most recently defended by Gaus.
Volume (Year): 11 (2012)
Issue (Month): 1 (February)
|Contact details of provider:|
When requesting a correction, please mention this item's handle: RePEc:sae:pophec:v:11:y:2012:i:1:p:45-75. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)
If references are entirely missing, you can add them using this form.