Understanding the New Economy

Much has already come out of NAEC in terms of specific ideas, policies, metrics, and approaches. But real change requires that people see the bigger picture as well. Explanations for how the world works, visions for where they want to go, and shared narratives to help them work together to get there. That is why a new narrative of growth is so important to discuss at OECD and so central to its collective mission.  Such a narrative must be based on the best facts and science available, but it must also provide understanding and inspiration.

> Elements for a New Growth Narrative - Draft Report (pdf) / Éléments d’un nouveau discours autour de la croissance - Projet de rapport (pdf)

This draft report of the Secretary General’s Advisory Group sets out a new set of goals and measures of economic and social progress; new frameworks of economic analysis; and new kinds of policies. The report discusses the nature of the profound issues policymakers now face and whether the progress in analysis and policy advice since the onset of the Global Financial Crisis has gone far enough or is still too anchored in the basic historical premises of economic theory. Comments and suggestions on the draft are invited from OECD Committees and Members and it was discussed at the NAEC Group Conference on Averting Systemic Collapse.

> Debate the Issues: The Financial System - Draft October 2018 (pdf)

> Socially Inclusive Economic Growth and the Futures of the Knowledge Economy
Imagination Unleashed – Democratising the Knowledge Economy (pdf). The report is the product of collaboration between the UK’s National Endowment for Science, Technology and the Arts (Nesta) and Harvard Professor Roberto Unger and supported by the OECD’s NAEC Initiative

> Neuroeconomics - The State of Mind in Economics


Systems Thinking, Anticipation and Resilience

There is a clear need for new ideas and approaches to provide a sound basis for better-informed decisions to manage intensifying economic, environmental and social challenges. As these challenges are systemic, interconnected and dynamic, systems thinking, coupled with improved anticipation and strengthened resilience, provides a coherent methodology and the necessary tools to develop the new approaches which are so urgently required to formulate and implement more coherent and effective policies. The Strategic Partnership established by the OECD and the International Institute for Applied Systems Analysis (IIASA) has defined priorities including the formulation of systems-based strategies to address global issues, disseminating systems thinking through education and training, and extending the systems approach across the OECD.

> Why We Need a Multidisciplinary Economics - video talk by Alan Kirman, Professor Emeritus of Economics at Aix-Marseille III and Senior Adviser to the NAEC initiative

> Systemic Thinking for Policy Making - The Potential of Systems Analysis for Addressing Global Policy Challenges in the 21st Century ιι La pensée systémique au service de l’élaboration des politiques publiques - Le potentiel de l’analyse systémique  face aux enjeux mondiaux du XXIe siècle

Resulting from collaboration of OECD and IIASA, this publication demonstrates the potential of systems analysis and systems-based strategies to address critical global issues and guide policy options, drawing on innovative methodologies, models and tools for research and policy analysis. It was presented for comments and contributions of policy communities to stimulate discussion on how systems approaches could be implemented in policymaking at the NAEC Group Conference on Averting Systemic Collapse.

Systems Thinking, Anticipation and Resilience Report (pdf)

Systems Thinking, Anticipation and Resilience Recommendations (pdf)

> Resilience at OECD

> Averting Systemic Collapse, NAEC Group Conference, 17-18 September 2019, OECD Paris

New Analytical Tools and Techniques for Economic Policymaking

OECD has established a NAEC Innovation LAB, co-ordinated by the NAEC Unit and the Office of the Chief Economist, to promote experimentation within the OECD on agent-based modelling (ABM), machine learning, big data applications, and network analysis. The LAB provides a space for cross-Directorate collaboration and exchange to encourage the adoption of new and innovative data and analytical methods across the Organisation, to address new policy questions and bring new policy insights.

> Objectives, Design and Activities of the NAEC Innovation LAB

> Workshops and Seminars of the NAEC Innovation LAB

> NAEC Innovation LAB brochure (pdf)

> NAEC Innovation LAB - A blueprint (pdf)

Why we Need a Multidisciplinary Economics

The field of economics hasn’t changed much in response to sociology, psychology, and other social sciences. Alan Kirman, Directeur d’etudes at EHESS, Professor Emeritus of Economics at Aix-Marseille III and Senior Adviser to the NAEC Initiative, explains why that’s a problem.