Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/140782
Authors: 
Kovács, Olivér
Year of Publication: 
2014
Series/Report no.: 
TIGER Working Paper Series 130
Abstract: 
This contribution argues that uncertainty is integrated into the modern economic systems; however its autochthonously increasing feature is puzzling and should be addressed in a more dedicated way. Behind the curtain of increasing uncertainty, we purport to demonstrate that at least the following intertwined and interrelated main building blocks can be deciphered that are contributing to the deepening global distribution of uncertainty in the advanced world by establishing a vicious circle: (i) increasing complexity; (ii) wicked characteristics of policies; (iii) heigthening role of psychological factors in economics; (iv) secularly declining innovativeness feeding into inequality which reinforces and maintains increasing uncertainties. We also shed light on some implication of increasing fundamental uncertainty on governance.
Subjects: 
uncertainty
complexity
wicked policies
techno-economic paradigm
innovation
JEL: 
H00
D80
O3
Document Type: 
Working Paper

Files in This Item:
File
Size
397.36 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.