Author(s): David Colander
Complexity science - made possible by modern analytical and computational advances - is changing the way we think about social systems and social theory. Unfortunately, economists' policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. While these standard narratives are useful in some cases, they are damaging in others, directing thinking away from creative, innovative policy solutions. Complexity and the Art of Public Policy outlines a new, more flexible policy narrative, picturing society as a complex evolving system that is uncontrollable but that can be influenced. David Colander and Roland Kupers describe how economists and society became locked into the current policy framework, and lay out fresh alternatives for framing policy questions. Offering original solutions to stubborn problems, the complexity narrative builds on broader philosophical traditions, such as those in the work of John Stuart Mill, to suggest initiatives that the authors call "activist laissez-faire" policies.
Colander and Kupers develop innovative bottom-up solutions that, through new institutional structures such as for - benefit corporations, channel individuals' social instincts into solving societal problems, making profits a tool for change rather than a goal. They argue that a central role for government in this complexity framework is to foster an ecostructure within which diverse forms of social entrepreneurship can emerge and blossom.
David Colander is College Professor in the Department of Economics at Middlebury College, where he was the Christian A. Johnson Distinguished Professor of Economics from 1982 to 2013. His many books include "The Making of an Economist, Redux" (Princeton). Roland Kupers is an associate fellow in the Smith School of Enterprise and the Environment at the University of Oxford and was a senior executive at AT&T and Shell from 1987 to 2010. He is the coauthor of "The Essence of Shell Scenarios: Reframing Strategy".