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Complexity Economics: Economic Governance, Science and Policy (Routledge Studies in Economic Theory, Method and Philosophy)
by Olivér KovácsOur socio-economic innovation ecosystem is riddled with ever-increasing complexity, as we are faced with more frequent and intense shocks, such as COVID-19. Unfortunately, addressing complexity requires a different kind of economic governance. There is increasing pressure on economics to not only going beyond its traditional mainstream boundaries but also to tackle real-world problems such as fostering structural change, enhancing sustained growth, promoting inclusive development in the era of the digital economy, and boosting green growth, while addressing the divide between the financial sector and the real economy. This book demonstrates how to apply complexity science to economics, in an effective and instructive way, in the interest of life-enhancing policies. The book revolves around the non-negligible problem of why economics, to date, seems to be insufficient in guiding economic governance to navigate through real and ever-intensifying complex socio-economic and environmental challenges. With its interdisciplinary approach, the book scans the nuanced nexus between complexity and economics by incorporating, as well as transcending the state-of-the-art literature. It identifies ways to trigger opportunities for behaviour change in the economic profession with respect to how to teach and what, introducing and developing further complexity economics thinking with the configuration of its main principles and outlining the silhouette of next-generation economic governance. The book deciphers recommendations both for economic theory, practice, and education and economic governance. It will be of interest to students, scholars, academics, think tank researchers and economic policy practitioners at the national and/or supranational level.
Complexity Economics: Building a New Approach to Ancient Economic History (Palgrave Studies in Ancient Economies)
by Koenraad VerbovenEconomic archaeology and ancient economic history have boomed the past decades. The former thanks to greatly enhanced techniques to identify, collect, and interpret material remains as proxies for economic interactions and performance; the latter by embracing the frameworks of new institutional economics. Both disciplines, however, still have great difficulty talking with each other. There is no reliable method to convert ancient proxy-data into the economic indicators used in economic history. In turn, the shared cultural belief-systems underlying institutions and the symbolic ways in which these are reproduced remain invisible in the material record. This book explores ways to bring both disciplines closer together by building a theoretical and methodological framework to evaluate and integrate archaeological proxy-data in economic history research. Rather than the linear interpretations offered by neoclassical or neomalthusian models, we argue that complexity economics, based on system theory, offers a promising way forward.
Complexity, Heterogeneity, and the Methods of Statistical Physics in Economics: Essays in Memory of Masanao Aoki (Evolutionary Economics and Social Complexity Science #22)
by Hideaki Aoyama Yuji Aruka Hiroshi YoshikawaThis book systematically provides a prospective integrated approach for complexity social science in its view of statistical physics and mathematics, with an impressive collection of the knowledge and expertise of leading researchers from all over the world. The book mainly covers both finitary methods of statistical equilibrium and data-driven analysis by econophysics. The late Professor Masanao Aoki of UCLA, who passed away at the end of July 2018, in his later years dedicated himself to the reconstruction of macroeconomics mainly in terms of statistical physics. Professor Aoki, who was already an IEEE fellow, was also named an Econometric Society Fellow in 1979. Until the early 1990s, however, his contributions were focused on the new developments of a novel algorithm for the time series model and their applications to economic data. Those contributions were undoubtedly equivalent to the Nobel Prize-winning work of Granger's "co-integration method". After the publications of his New Approaches to Macroeconomic Modeling and Modeling Aggregate Behavior and Fluctuations in Economics, both published by Cambridge University Press, in 1996 and 2002, respectively, his contributions rapidly became known and spread throughout the field. In short, these new works challenged econophysicists to develop evolutionary stochastic dynamics, multiple equilibria, and externalities as field effects and revolutionized the stochastic views of interacting agents. In particular, the publication of Reconstructing Macroeconomics, also by Cambridge University Press (2007), in cooperation with Hiroshi Yoshikawa, further sharpened the process of embodying “a perspective from statistical physics and combinatorial stochastic processes” in economic modeling. Interestingly, almost concurrently with Prof. Aoki’s newest development, similar approaches were appearing. Thus, those who were working in the same context around the world at that time came together, exchanging their results during the past decade. In memory of Prof. Aoki, this book has been planned by authors who followed him to present the most advanced outcomes of his heritage.
Complexity in Economics: Cutting Edge Research (New Economic Windows)
by Marisa Faggini Anna ParzialeIn this book, leading experts discuss innovative components of complexity theory and chaos theory in economics. The underlying perspective is that investigations of economic phenomena should view these phenomena not as deterministic, predictable and mechanistic but rather as process dependent, organic and always evolving. The aim is to highlight the exciting potential of this approach in economics and its ability to overcome the limitations of past research and offer important new insights. The book offers a stimulating mix of theory, examples and policy. By casting light on a variety of topics in the field, it will provide an ideal platform for researchers wishing to deepen their understanding and identify areas for further investigation.
Complexity in Economics (Elements in Complexity and Agent-based Economics)
by Giacomo Gallegati Mauro Gallegati Simone LandiniNeoclassical economics is heavily based on a formalistic method, primarily centred on mathematical deduction. Consequently, mainstream economists became overfocused on describing the states of an economy rather than understanding the processes driving these states. However, many phenomena arise from the intricate interactions among diverse elements, eluding explanation solely through micro-level rules. Such systems, characterised by emergent properties arising from interactions, are defined as complex. This Element delves into the complexity approach, portraying the economy as an evolving system undergoing structural changes over time.
Complexity in Entrepreneurship, Innovation and Technology Research: Applications of Emergent and Neglected Methods (FGF Studies in Small Business and Entrepreneurship)
by Andreas Kuckertz Elisabeth S.C. BergerThisvolume discusses the challenge of dealing with complexity in entrepreneurship,innovation and technology research. Businesses as well as entire economies areincreasingly being confronted by widespread complex systems. Fields such asentrepreneurship and innovation cannot ignore this reality, especially withtheir inherent links to diverse research fields and interdisciplinary methods. However, most methods that allow more detailed analyses of complex problems areeither neglected in mainstream research or are, at best, still emerging. Against this backdrop, this book provides a forum for the discussion ofemergent and neglected methods in the context of complexity inentrepreneurship, innovation and technology research, and also acts as aninspiration for academics across related disciplines to engage more incomplexity research.
Complexity in Financial Markets: Modeling Psychological Behavior in Agent-Based Models and Order Book Models (Springer Theses)
by Matthieu CristelliTools and methods from complex systems science can have a considerable impact on the way in which the quantitative assessment of economic and financial issues is approached, as discussed in this thesis. First it is shown that the self-organization of financial markets is a crucial factor in the understanding of their dynamics. In fact, using an agent-based approach, it is argued that financial markets' stylized facts appear only in the self-organized state. Secondly, the thesis points out the potential of so-called big data science for financial market modeling, investigating how web-driven data can yield a picture of market activities: it has been found that web query volumes anticipate trade volumes. As a third achievement, the metrics developed here for country competitiveness and product complexity is groundbreaking in comparison to mainstream theories of economic growth and technological development. A key element in assessing the intangible variables determining the success of countries in the present globalized economy is represented by the diversification of the productive basket of countries. The comparison between the level of complexity of a country's productive system and economic indicators such as the GDP per capita discloses its hidden growth potential.
Complexity in Organizations: A Research Overview (State of the Art in Business Research)
by Stig O. JohannessenWritten with pace and clarity, this book is a comprehensive and compact overview and introduction to the research landscape of complexity in organizations. In addition to conveying a gripping history of how complexity has influenced organizational ideas, theories, and practices throughout the 20th century and into our present age, the book sheds light on how ground-breaking ideas in chaos and complexity research have emerged and challenged the very foundations of science into a changed vision of nature, society, and human organizations. As well as being an exciting investigation into complexity research in organizations, the book shows how, in the past, researchers who were immersed in the power politics of their day grappled with the theme of complexity in their quest to understand the dynamics of organization in nature and society. By welding fundamental theoretical themes and practical implications into the political and social contexts in which they emerged, this overview provides both depth and breadth to the history, as well as the future, of studies of complexity in organized activity. The book is a lucid and essential study of a topic that will be of interest to scholars, researchers, and students in the fields of business and management, especially those with an interest in the ways that complexity affects and transforms organizations.
Complexity, Learning and Organizations: A Quantum Interpretation of Business
by Walter R.J. BaetsThis fascinating book argues for a new way of looking at the world and at human systems, companies or (Western) society as a whole. Walter R.J. Baets argues that we should let go of our drive to control, manage and organize, in order to be able to create an ideal environment for continuous learning, both for ourselves and for our collaborators. Arguing in favour of a holistic management approach, and very much in opposition to the short-term shareholder value driven approaches that are popular today, Baets’ book develops a logic founded in real life observations, examples and cases that every reader will recognize in their daily practice. It guides the reader to understand an alternative paradigm and allows them finally to be able to work with the dynamics of business on a daily basis. A must-read for students of complexity, strategy and organizational behaviour, this well-researched, well-argued book skilfully guides the reader through this interesting subject.
Complexity, Management and the Dynamics of Change: Challenges for Practice
by Elizabeth McMillanThe insights of complexity science can allow today’s managers to embrace the challenges and uncertainty of the twenty-first century, and successfully oversee organizational change and development. Elizabeth McMillan's book brings these ideas into perspective by: outlining the historical relationship between science and organizations reviewing current perspectives on organizational change and best practice citing real-life examples of the use of complexity science ideas discussing issues which may arise when using ideas from complexity. Written in an accessible style to bridge the gap from scientific theory to commercial applicability, this text shows how organizations can become more effective, democratic and sustainable through complexity science.
The Complexity of Consultancy: Exploring Breakdowns Within Consultancy Practice (Complexity and Management)
by Nicholas Sarra Karina Solsø Chris MowlesConsultancy is a lucrative industry dependent on the production and use of tools and techniques which hold out the promise of success for the organisations it supports: transformation, or greater efficiency and effectiveness, perhaps even culture change. However, a critical and important question is whether these promises are fulfilled in everyday practice in organisations. Is it possible at all for consultants to predict and control the changes that their clients ask for? This volume reframes the role of consultants from detached observers wielding a stable body of knowledge useful in all contexts, to that of skilled participants in the conscious and unconscious processes of organisational life. In this book, one of three in a series looking at complexity and management, the expert authors bring together their experiences to provide vibrant accounts of how to lead in everyday organisational situations using practical judgement. The book includes a brief historical introduction to complexity and leadership, real-world narratives illustrating concrete dilemmas in the workplace, and a concluding chapter that draws together the practical and theoretical implications. With both theoretical grounding and practical insights from managers and consultants in leading firms, this is an ideal resource for executives and students on leadership development and talent management programmes, as well as those undertaking higher education courses in leadership and consulting.
The Complexity of Tax Simplification: Experiences from Around the World
by Simon James Adrian Sawyer Tamer BudakThe Complexity of Tax Simplification: Experiences from Around the World by Simon James, Adrian Sawyer, Tamer Budak.
The Complexity of Vanguard's Entry Decision into ETFs (A)
by Tina Tang Lauren H. Cohen Christopher MalloyCase
The Complexity of Workplace Humour
by Barbara PlesterThis book discusses boundaries for organizational humour as well as the jokers and jesters that enliven modern workplaces. It has long been accepted that humour and tragedy can occupy the same space and that is eloquently demonstrated in this book. Using ethnographic research techniques, a selection of stories, ruminations, cartoons, and narratives of events is combined with theoretical conceptions of humour and fun to create a comprehensive analysis of the good, the bad, and the downright ugly in organizational humour.
Complexity, Organizations and Change: An Essential Introduction (Routledge Studies In Complexity And Management Ser. #Vol. 1)
by Elizabeth McMillanComplexity science has seriously challenged long-held views in the scientific community about how the world works. These ideas, particularly about the living world, also have radical and profound implications for organizations and society as a whole. Available in paperback for the first time, this insightful book describes and considers ideas from
A Complexity Perspective on Researching Organisations: Taking Experience Seriously (Complexity as the Experience of Organizing)
by Ralph Stacey Douglas GriffinPart of the Complexity as the Experience of Organizing series, this book applies complex responsiveness theory to real-life leadership experiences. It features contributions from and details the experience of organizational practitioners, leaders, consultants and managers from various organizations through narrative accounts. It addresses questions such as: How do widespread or global patterns emerge and evolve in the local interactions between people? What actually happens in global change programmes? What does this imply about the relationship between the local and the global? Exploring the perspective of complex responsive processes, the book’s contributors examine how this assists them in making sense of their experience, and how this awareness then leads to their development. This book is a valuable study for academics, business school students and practitioners, as rather than offering mere descriptions of organizational life, it provides reflective accounts of real-life experiences of researching in organizations.
Complexity Theory and Uncertainties: Interdependence Between Man, Society, and the Environment (Understanding Complex Systems)
by Wei-Bin ZhangThis book provides an overview of recent developments of complexity theory within the realm of social sciences. At a time when global and local social, political, cultural, and economic affairs are engulfed in chaos, this book sheds light on the mechanisms of uncertainties, offering new visions and frameworks for analyzing the nonlinear interactions between individuals, societies, and the environment.From exploring the foundational elements that shape our understanding of humanity, such as worldviews, justice, and trust, to applying complexity theory in the realms of politics, economics, management, strategies, and wars, this monograph provides a comprehensive examination of its far-reaching implications. By examining historical bifurcations and structural changes in American history and China's modern development, it emphasizes how complexity theory can serve as a bridge for intellectual and cultural communication between Western (Newtonian) and East Asian (yin-yang-based) civilizations.Moreover, the book elucidates that nonlinear phenomena, including bifurcations, catastrophes, structural changes, emergence of structures, and chaos, are integral aspects of human evolution. It unveils the positive potential within chaos, demonstrating that a comprehensive understanding of catastrophic mechanisms enables humanity to prevent global disasters by leading systems to chaotic attractors without destructive consequences. Through an exploration of the intricate interdependencies among individuals, societies, and the environment, this book offers a unique and comprehensive introduction to the application of complexity theory to the realm of humanity.
The Complexity Turn: Cultural, Management, and Marketing Applications
by Arch G. WoodsideThis book takes the reader beyond net effects and main and interaction effects thinking and methods. Complexity theory includes the tenet that recipes are more important than ingredients—any one antecedent (X) condition is insufficient for a consistent outcome (Y) (e.g., success or failure) even though the presence of certain antecedents may be necessary. A second tenet: modeling contrarian cases is useful because a high or low score for any given antecedent condition (X) associates with a high Y, low Y, and is irrelevant for high/low Y in some recipes in the same data set. Third tenet: equifinality happens—several recipes indicate high/low outcomes.
Compliance: Cultures and Networks of Accommodation (Lifeworlds: Knowledges, Politics, Histories #3)
by Will Rollason Eric HirschExploring compliance from an anthropological perspective, this book offers a varied and international selection of chapters covering taxation, corporate governance, medicine, development, carbon offsetting, irregular migration and the building trade. Compliance emerges as more than the opposite of resistance: instead, it appears as a valuable heuristic approach for understanding collective life, as a means by which actors strive to accommodate themselves to others. This perspective transcends conventional distinctions between power and resistance, and offers to open up new avenues of anthropological enquiry.
Compliance and Initiative in the Production of Safety: A Systems Perspective on Managing Tensions and Building Complementarity (SpringerBriefs in Applied Sciences and Technology)
by Jean-Christophe Le Coze Benoît JournéThis open access book addresses the idea that there are two ways to go about achieving a safe working environment. The text challenges the prevailing notion that compliance with a rule system, imposed from the top of an organization and designed to anticipate possible hazards in system operation, is really incompatible with the idea that the professional expertise of front-line workers is what promotes safe outcomes despite inevitable unanticipated perturbations. The contributors, drawn from academic and industrial backgrounds, demonstrate that rather than being at odds with each other, rules-compliance and proactivity are in fact complementary resources the coexistence of which increases safety. Furthermore, the implications of this approach extend beyond safety, being relevant to business performance, strategies for innovation and system resilience as well.The book steps back from an exclusive focus on front-line work to explore the way in which compliance and initiative are articulated at different levels within the hierarchy of a firm, right up to that of top management. Further, the contributors analyze the way in which safety authorities, the justice system, and the general public perceive and interpret such strategies, in particular in the aftermath of major events.This book deals with issues of interest to researchers and graduate students in safety science and organization studies and to members of expert bodies and experts in industry and consultancy concerned with similar subjects.
The Compliance Business and its Customers
by Edward Kasabov Alex WarlowThe internet has changed the way consumers interact with companies. Businesses must maintain good levels of customer service in a digital world where old strategies may no longer suffice. This book explores what the successful compliance-centred businesses are doing to manage and improve customer experience.
Compliance Capitalism: How Free Markets Have Led to Unfree, Overregulated Workers (The Business, Management and Safety Effects of Neoliberalism)
by Sidney DekkerIn this book, Sidney Dekker sets out to identify the market mechanisms that explain how less government paradoxically leads to greater compliance burdens. This book gives shape and substance to a suspicion that has become widespread among workers in almost every industry: we have to follow more rules than ever—and still, things can go spectacularly wrong. Much has been privatized and deregulated, giving us what is sometimes known as ‘new public management,’ driven by neoliberal, market-favoring policies. But, paradoxically, we typically have more rules today, not fewer. It’s not the government: it’s us. This book is the first of a three-part series on the effects of ‘neoliberalism,’ which promotes the role of the private sector in the economy. Compliance Capitalism examines what aspects of the compliance economy, what mechanisms of bureaucratization, are directly linked to us having given free markets a greater reign over our political economy. The book steps through them, picking up the evidence and levers for change along the way. Dekker’s work has always challenged readers to embrace more humane, empowering ways to think about work and its quality and safety. In Compliance Capitalism, Dekker extends his reach once again, writing for all managers, board members, organization leaders, consultants, practitioners, researchers, lecturers, students, and investigators curious to understand the genuine nature of organizational and safety performance.
Compliance for Coding, Billing & Reimbursement: A Systematic Approach to Developing a Comprehensive Program
by Duane C. Abbey James H. Handwerk Mark J. KaiserWhile the vast majority of providers never intend to commit fraud or file false claims, complex procedures, changing regulations, and evolving technology make it nearly impossible to avoid billing errors. For example, if you play by HIPAA’s rules, a physician is a provider; however, Medicare requires that the same physician must be referred to as a supplier. Even more troubling is the need to alter claims to meet specific requirements that may conflict with national standards. Far from being a benign issue, differing guidelines can lead to false claims with financial and even criminal implications. Compliance for Coding, Billing & Reimbursement, Second Edition: A Systematic Approach to Developing a Comprehensive Program provides an organized way to deal with the complex coding, billing, and reimbursement (CBR) processes that seem to force providers to choose between being paid and being compliant. Fully revised to account for recent changes and evolving terminology, this unique and accessible resource covers statutorily based programs and contract-based relationships, as well as ways to efficiently handle those situations that do not involve formal relationships. Based on 25 years of direct client consultation and drawing on teaching techniques developed in highly successful workshops, Duane Abbey offers a logical approach to CBR compliance. Designed to facilitate efficient reimbursements that don’t run afoul of laws and regulations, this resource – Addresses the seven key elements promulgated by the OIG for any compliance program Discusses numerous types of compliance issues for all type of healthcare providers Offers access to online resources that provide continually updated information Cuts through the morass of terminology and acronyms with a comprehensive glossary Includes downloadable resources packed with regulations and information In addition to offering salient information illustrated by case studies, Dr, Abbey provides healthcare providers and administrators, as well as consultants and attorneys, with the mindset and attitude required to meet this very real challenge with savvy, humor, and perseverance.
Compliance, Governance und Risikomanagement im Krankenhaus: Rechtliche Anforderungen – Praktische Umsetzung – Nachhaltige Organisation
by Gerald Schmola Boris RappDer Herausgeberband stellt die rechtlichen Anforderungen umfassend dar, liefert praktische Beispiele und gibt Handlungsempfehlungen zur frühzeitigen Erkennung von Fehlverhalten und Risiken im Krankenhaus, deren Rechtsfolgen und künftigen Vermeidung. Compliance meint hierbei das Einhalten interner wie externer Vorgaben und Normen sowohl im Hinblick auf die Patientenversorgung und die Abrechnung der erbrachten Leistungen als auch die Beziehungsgeflechte mit Lieferanten und Dienstleistern. Durch Governance-Strukturen ist dieses System in eine auf die Unternehmensführung ausgelegte Richtlinien- und Gremienstruktur eingebettet, zu der auch die Festlegung von Unternehmenszielen und der Weg der Zielerreichung zählen. Das Risikomanagement wiederum beschreibt den Umgang mit bekannten und unbekannten Risiken durch definierte Abläufe, die frühzeitig einsetzen und Strategien zur Risikominimierung und dem Umgang mit potenziellen Schäden umfassen. Alle drei Handlungsfelder sind aufgrund zahlreicher rechtlicher Bezüge und einer im Krankenhausbereich recht jungen Auseinandersetzung damit vielfach noch gar nicht bekannt bzw. organisatorisch unterdurchschnittlich ausgeprägt. Gleichzeitig zeigt sich eine zunehmende gesetzgeberische Tendenz, die rechtlichen Regelungen für die genannten Themenfelder deutlich zu verschärfen, was die Anforderungen an Krankenhausträger, verantwortliche leitende Ärzte und beratende Juristen deutlich erhöht. Das Buch richtet sich mit seiner interdisziplinären Ausrichtung nicht nur an Vertreter aus dem Krankenhausmanagement, sondern auch an Juristen aus dem Bereich des Medizinrechts sowie an Ärzte und Pflegekräfte in leitender Funktion.
Compliance im Unternehmen für Dummies (Für Dummies)
by Oliver Haag Maximilian JantzErfüllt Ihr Unternehmen die gesetzlichen Vorgaben? Die Rechtsfolgen bei Compliance-Verstößen können erheblich sein. Wer sich also mit Compliance auskennt, die Risiken kennt und zu vermeiden oder zumindest zu begrenzen weiß, der ist gut beraten. Dieses Buch zeigt, mit welchen konkreten Compliance-Maßnahmen Sie Ihr Unternehmen sauber halten und sich wirkungsvoll gegen Compliance-Verstöße wie zum Beispiel Korruption oder andere Regelverstößeschützen können.