 ComplexityDonatella Padua
Chapter 1 in John Maynard Keynes and the Economy of Trust: The Relevance of the Keynesian Social Thought in a Global Society, 2014, pp 6-32 from Palgrave Macmillan Abstract: Abstract In this chapter Padua analyses the Keynesian organic interdependency within the environmental complexity of the current socio-economic system. The consequences of such a complex scenario are: inability to predict; need for a holistic vision; and causes not attributable to the effects. By assuming a progressive prevalence of the intangible over the tangible dimension, in opposition to the ‘Real economy’, Padua explains the original concept of ‘Nominal economy’ as a form of unregulated and unethical speculative economy operating in the complex global financial environment, generating wealth asymmetries and a tendency towards fluctuations. This opposition justifies an evolution of the meaning of value in the current economy, reflecting the dualism between the roles of goods (tangible) and reputation (intangible) in the process of building value. Keywords: economic asymmetries; holistic and organic approach to complexity; intangible; real-nominal; reputation; speculative economy; tangible (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46723-2_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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