LEADER 06557oam 22016934a 450 001 9910554276703321 005 20230120094059.0 010 $a0-691-23103-6 024 7 $a10.1515/9780691231037 035 $a(MiAaPQ)EBC6554435 035 $a(DE-B1597)585665 035 $a(OCoLC)1266228631 035 $a(DE-B1597)9780691231037 035 $a(PPN)265134250 035 $a(EXLCZ)995590000000536983 100 $a20210409d2021 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCogs and monsters $ewhat economics is, and what it should be /$fDiane Coyle 210 1$aPrinceton ;$aOxford :$cPrinceton University Press,$d2021. 215 $avii, 257 pages 320 $aIncludes bibliographical references and index. 327 $aIntroduction: Economics Today and Tomorrow -- The Public Responsibilities of the Economist -- The Economist as Outsider -- AIs, Rats and Humans -- Cogs and Monsters -- Changing Technology, Changing Economics. 330 $a"How economics needs to change to keep pace with the twenty-first century and the digital economy Digital technology, big data, big tech, machine learning, and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. In Cogs and Monsters, Diane Coyle explores the enormous problems-but also opportunities-facing economics today if it is to respond effectively to these dizzying changes and to help policymakers solve the world's crises, from pandemic recovery and inequality to slow growth and the climate emergency. Mainstream economics, Coyle says, still assumes people are "cogs"-self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by "monsters"-untethered, snowballing, and socially influenced unknowns. What is worse, by treating people as cogs, economics is creating its own monsters, leaving itself without the tools to understand the new problems it faces. In response, Coyle asks whether economic individualism is still valid in the digital economy, whether we need to measure growth and progress in new ways, and whether economics can ever be objective, since it influences what it analyzes. Just as important, the discipline needs to correct its striking lack of diversity and inclusion if it is to be able to offer new solutions to new problems.Filled with original insights, Cogs and Monsters offers a roadmap for how economics can adapt to the rewiring of society, including by digital technologies, and realize its potential to play a hugely positive role in the twenty-first century"--$cProvided by publisher. 606 $aeconomics$9eng$2eurovoc 606 $adigital economy$9eng$2eurovoc 606 $ainnovation$9eng$2eurovoc 606 $ahistory$9eng$2eurovoc 610 $aAdoption. 610 $aAdvocacy. 610 $aAlan Greenspan. 610 $aArrow's impossibility theorem. 610 $aArtificial neural network. 610 $aAusterity. 610 $aBig government. 610 $aBillionaire. 610 $aBrown University. 610 $aCalculation. 610 $aCapability (systems engineering). 610 $aCentral bank. 610 $aCivic engagement. 610 $aCompetition and Markets Authority. 610 $aCompetitiveness. 610 $aConventional wisdom. 610 $aDavid Colander. 610 $aDemocracy. 610 $aDigital economy. 610 $aEconomic statistics. 610 $aEconomics. 610 $aEconomist. 610 $aEconomy of Italy. 610 $aEconomy. 610 $aEfficient-market hypothesis. 610 $aEveryday life. 610 $aExpense. 610 $aExternality. 610 $aFinancial crisis of 2007?08. 610 $aFinancial crisis. 610 $aFood bank. 610 $aGlobalization. 610 $aGovernment. 610 $aHomo economicus. 610 $aHuman science. 610 $aImplementation. 610 $aIncentive. 610 $aInflation. 610 $aInseparability. 610 $aInstitutional economics. 610 $aInsurance policy. 610 $aJohn Rawls. 610 $aKenneth Arrow. 610 $aKeynesian economics. 610 $aKnowledge spillover. 610 $aLegitimacy (political). 610 $aLiterature. 610 $aMacroeconomics. 610 $aMainstream economics. 610 $aMarginal cost. 610 $aMinarchism. 610 $aMonetarism. 610 $aMonetary policy. 610 $aMoney supply. 610 $aNate Silver. 610 $aNeoliberalism. 610 $aNetwork theory. 610 $aNew neoclassical synthesis. 610 $aPaul Romer. 610 $aPayment. 610 $aPhilosopher. 610 $aPolicy. 610 $aPolitical economy. 610 $aPolitical science. 610 $aPolitician. 610 $aPolitics. 610 $aPower supply unit (computer). 610 $aPragmatism. 610 $aProduction function. 610 $aProfession. 610 $aPsychological well-being. 610 $aQuality management. 610 $aRadio spectrum. 610 $aReal estate economics. 610 $aRecession. 610 $aReputation. 610 $aResearch and development. 610 $aRhetorical question. 610 $aRoad pricing. 610 $aRule of thumb. 610 $aSchool of thought. 610 $aSmall government. 610 $aSocial cost. 610 $aSocial structure. 610 $aSocialist calculation debate. 610 $aSputnik crisis. 610 $aSuggestion. 610 $aSupply chain. 610 $aSupporter. 610 $aTechnocracy. 610 $aTest score. 610 $aThomas Robert Malthus. 610 $aTrade association. 610 $aTransport economics. 610 $aUndergraduate degree. 610 $aUndergraduate education. 610 $aUnemployment. 610 $aUnpopularity. 610 $aUtilitarianism. 610 $aYear. 615 7$aeconomics. 615 7$adigital economy. 615 7$ainnovation. 615 7$ahistory. 676 $a330 686 $aBUS069000$aBUS051000$2bisacsh 700 $aCoyle$b Diane$0145624 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910554276703321 996 $aCogs and monsters$92815928 997 $aUNINA