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Forging a new alliance between economics and engineering

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  • Sergio Mariotti

    (Politecnico di Milano)

Abstract

Economists and engineers have played a vital role in addressing the challenges posed by economic and technological progress. Related disciplines have intertwined with each other, leading to mutual cross-fertilization. However, their roles and relationships need to be reconsidered in a society increasingly influenced by the cluster of organizational and market innovations induced by artificial intelligence technologies. Looking at the history of the intriguing relationships between the two disciplines, in this paper three paradigms for the economics–engineering nexus are identified—economics “for/and/as” engineering—and their dimensions are discussed. This investigation enables to infer possible disciplinary scenarios in relation to the contemporary and future society. The paper calls for a new “alliance à la Prigogine” between economics and engineering driven by a transdisciplinary-oriented change in the epistemology and methods of the two disciplines and in their way of being and interacting. The mission of the alliance is to restore a unified perspective of knowledge and putting the study of complexity in the foreground. The conclusions emphasize that implementing the alliance implies large investments in human capital, as well as new bridges among universities and between these and other institutions to develop research programs open to variety, creativity, and participation of cooperative networks of scholars and practitioners.

Suggested Citation

  • Sergio Mariotti, 2021. "Forging a new alliance between economics and engineering," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(4), pages 551-572, December.
    • Handle: RePEc:spr:epolin:v:48:y:2021:i:4:d:10.1007_s40812-021-00187-w
    DOI: 10.1007/s40812-021-00187-w
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    More about this item

    Keywords

    Artificial intelligence; Complexity; Economics–engineering nexus; Epistemology; Transdisciplinarity;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods

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