1 May 2019

New Thinking in Economics

This letter to the editor was published in the April 27th edition of  “The Economist”. It refers briefly to policy insights suggested by embracing the concept of the economy as a complex, adaptive system. A much fuller presentation of those insights, for the conduct of monetary policy in particular, can be found under the category “Presentations” on this website. Posted on 22 April, 2018, the article is entitled “Recognizing the Economy as a Complex, Adaptive System: Implications for Central Banks”.