Complexity Economics at the OECD
18 Dec 2015
Earlier this year the Organization for Economic Cooperation and Development (OECD) launched an initiative called New Approaches to Economic Challenges (NAEC): As the OECD describes it, "The starkness and magnitude of the recent crisis calls for a serious reflection to revisit policy approaches and build a new policy agenda for stronger, more resilient, inclusive and sustainable growth. The OECD initiative on New Approaches to Economic Challenges (NAEC) is a comprehensive organisation-wide reflection process to renew and strengthen the OECD’s analytical frameworks, policy instruments and tools.” INET New York and INET Oxford have supported the OECD in this initiative and provided input into the NAEC process. As a part of this effort, in October, the OECD, INET Oxford, and GloComNet in the Netherlands co-sponsored a two day workshop on Complexity Economics at the OECD’s headquarters in Paris. The meeting was opened by OECD Secretary-General Angel Gurria and presenters included INET Oxford’s Eric Beinhocker and Doyne Farmer, as well as former INET Oxford D.Phil. student Christoph Aymanns. Other presenters included Christian Upper, Head of Financial Markets at the Bank of International Settlements (BIS), Philipp Hartmann Deputy Director of Research at the European Central Bank (ECB) and Catherine Mann, Chief Economist at the OECD. A number of INET Oxford academic collaborators also presented and there was active participation from OECD ambassadors, delegations, and staff. The meeting showed that Complexity Economics is a promising approach for delivering new insights into major public policy challenges and outlined an exciting research agenda going forward.
Read about the NAEC here.
Download the workshop agenda here.