Book contents
- Five Times Faster
- Reviews
- Five Times Faster
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- 1 Introduction
- Part I Science
- Part II Economics
- 9 Worse Than Useless
- 10 The Allocation of Scarce Resources
- 11 The Configuration of Abundance
- 12 Not Just Fixing the Foundations
- 13 Investing With Our Eyes Open
- 14 Regulating for a Free Lunch
- 15 Stuck in First Gear
- 16 Runaway Tipping Points of No Return, Revisited
- 17 Revolutionary
- Part III Diplomacy
- Acknowledgements
- Notes
- Select Bibliography
- Index
11 - The Configuration of Abundance
from Part II - Economics
Published online by Cambridge University Press: 19 March 2023
- Five Times Faster
- Reviews
- Five Times Faster
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- 1 Introduction
- Part I Science
- Part II Economics
- 9 Worse Than Useless
- 10 The Allocation of Scarce Resources
- 11 The Configuration of Abundance
- 12 Not Just Fixing the Foundations
- 13 Investing With Our Eyes Open
- 14 Regulating for a Free Lunch
- 15 Stuck in First Gear
- 16 Runaway Tipping Points of No Return, Revisited
- 17 Revolutionary
- Part III Diplomacy
- Acknowledgements
- Notes
- Select Bibliography
- Index
Summary
Economics is not just about the allocation of scarce resources – how to ‘divide up the pie’. It is also about the creation of novelty, and the formation of new structures – how to make a pie in the first place. The new science of complexity, allied to old ideas of political economy, can help us understand how to create and change things quickly and at large scale. New economic thinking of this kind predicted the global financial crisis, but has barely begun to be applied to policy. It could transform the way we respond to climate change.
- Type
- Chapter
- Information
- Five Times FasterRethinking the Science, Economics, and Diplomacy of Climate Change, pp. 103 - 113Publisher: Cambridge University PressPrint publication year: 2023