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Article Dans Une Revue Journal of Institutional Economics Année : 2015

Economics for a creative world

Roger Koppl
  • Fonction : Auteur
  • PersonId : 998469
Stuart Kauffman
  • Fonction : Auteur
  • PersonId : 995922
Teppo ­­­felin
  • Fonction : Auteur
  • PersonId : 998471

Résumé

Drawing on current biology, we argue that the phase space of economic evolution is not stable. Thus, there are no entailing laws of economic dynamics. In this sense, economic dynamics are creative and the economy is not a causal system. Because economic dynamics are creative, the implicit frame of analysis for the econosphere changes in unprestatable and non­algorithmic ways. New­venture, social, and political entrepreneurs solve the frame problem of the econosphere. Economic evolution is unpredictable, not entailed, and the number of things traded (" cambiodiversity ") increases over time. Our metatheoretic framework points out how institutions, entrepreneurs, and disparate actors enable what we call " novelty intermediation. " We provide examples of novelty intermediation from Rennaissance Italy to Silicon Valley. Our framework does not automatically provide clear policy prescriptions in part because our main result is negative. It may nevertheless provide a useful prolegomena to a future economics fit for a creative world. [T]he matter with which the chemist deals is the same always: but economics, like biology, deals with a matter, of which the inner nature and constitution, as well as the outer form, are constantly changing.
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Dates et versions

hal-01415131 , version 1 (17-01-2017)

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Paternité - Pas d'utilisation commerciale - Pas de modification

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Roger Koppl, Stuart Kauffman, Giuseppe Longo, Teppo ­­­felin. Economics for a creative world. Journal of Institutional Economics, 2015, 11, pp.1 - 31. ⟨10.1017/S1744137414000150⟩. ⟨hal-01415131⟩
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