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N o te s   f o r   the W N o te s   f o r   the W

N o te s f o r the W - PowerPoint Presentation

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N o te s f o r the W - PPT Presentation

AA S W e b ina r o n A n t i c ip at io n 2015 N eantro S aaved r a Rivano Professor Emeritu s U niversity of T suku b a J uly ID: 635568

nee app anticipation owle app nee owle anticipation han economi ransform mic cas som theory theor wil orm les

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Presentation Transcript

Slide1

N

otes for the

WAAS Webinar on Anticipation 2015

N

eantro

S

aaved

r

a

-

Rivano Professor

Emeritu

s

,

U

niversity

of

T

suku

b

a

J

uly

21,

2015Slide2

Som

e common criticism of conventional economic thinking

Ahistorical method and

app

r

oa

c

h

G

i

v

es

s

h

o

rt

s

hrif

t

o

r

plainly

ig

n

o

r

es

s

o

c

ia

l

i

s

s

ues

P

r

et

en

s

io

n

t

o

b

e

v

alue-f

r

ee

U

nif

orm

p

oli

c

y

r

e

c

ip

es

r

eg

a

r

d

les

s

o

f

s

p

e

c

ific

c

o

un

try

c

o

n

t

ex

t

Me

c

hani

s

t

ic

v

ie

w

o

f

what

s

h

o

ul

d

b

e

a

hu

man

sc

ien

c

eSlide3

M

y own (favorite) critique

Views the “human environment” as immutab

le

I

t

t

hu

s

ig

n

o

r

es

t

h

e

fa

c

t

t

ha

t

t

hi

s

en

v

i

r

o

n

m

ent

ha

s

b

een

c

han

ging

t

h

r

o

u

g

h

o

ut

t

h

e

ag

es

and

t

he

r

e

is

n

o

r

easo

n

t

o

a

s

s

u

m

e

t

ha

t

p

r

o

c

e

s

s

will

s

t

o

p

Im

p

a

c

t

o

f

k

n

owle

d

g

e

is

lim

it

ed

t

o

t

ha

t

o

f

t

e

c

hn

olo

gy

i

n

p

r

o

duc

t

io

n

p

r

o

c

e

s

s

es

Refu

s

es

t

o

a

c

k

n

owle

d

g

e

t

h

e

r

o

l

e

o

f

k

n

owle

d

g

e

and

t

e

c

hn

olo

gy

in

t

ransform

ing

s

o

c

iet

y

,

it

s

in

s

t

it

u

t

io

n

s

and

world

v

iewsSlide4

Som

e elements for an anticipatory approach to economic theory

Recognition that human

and

s

o

c

ia

l

e

f

fo

rt

s

t

o

r

e

d

u

c

e

un

c

ertaint

y

g

enerate

p

r

o

c

es

s

es

t

hat

b

e

c

om

e

p

rim

e

in

d

u

c

ers

o

f

c

han

ge

T

he

s

e

p

r

o

c

es

s

es

a

r

e

b

o

und

t

o

t

ransform

e

c

o

n

o

mic

in

s

t

itut

io

n

s

.

T

hei

r

o

ut

c

om

e

is

n

o

t

alway

s

c

lear

:

i

n

s

om

e

c

ases

c

rises

m

ay

d

elay

t

h

o

s

e

o

ut

c

omes

,

o

ft

en

t

he

r

e

m

ig

h

t

b

e

m

ultip

l

e

s

o

lut

io

ns

Ec

o

n

o

mic

t

he

o

ry

nee

d

s

t

o

“ant

i

c

ip

at

e”

(at

leas

t

)

t

h

e

b

r

oad

o

ut

lines

o

f

t

he

s

e

t

ransform

at

io

n

s

and

a

d

ap

t

it

s

analy

s

is

a

c

c

o

r

d

ing

l

y

.

B

o

t

h

n

orm

at

i

v

e

and

p

o

s

it

i

v

e

app

r

oa

c

he

s

a

r

e

p

o

ss

ib

le

I

n

s

om

e

in

s

t

an

c

es,

t

he

s

e

c

han

g

es

a

r

e

al

r

ea

d

y

t

aking

s

ha

pe

(no

nee

d

o

f

“ant

i

c

ip

at

io

n”),

while

e

c

o

n

o

mic

t

he

o

ry

s

t

il

l

s

t

r

ug

g

les

t

o

r

e

c

o

g

niz

e

t

hemSlide5

Passiv

e versus active anticipation

Three possible situations for a transformation processTransformation already too

k

pl

a

c

e

b

u

t

i

s

n

o

t

g

enerall

y

p

e

r

c

ei

v

e

d

T

r

an

s

i

t

i

o

n

s

moo

t

h

an

d

o

u

t

c

om

e

c

a

n

b

e

g

ue

ss

e

d

T

r

an

s

i

t

i

o

n

i

s

n

o

t

s

moo

t

h

(

c

ri

s

i

s

)

,

m

ul

t

ipli

c

i

t

y

o

f

p

o

ss

i

b

l

e

o

u

t

c

om

e

s

I

n

th

e

firs

t

cas

e

the

r

e

i

s

no

t

particula

r

nee

d

fo

r

anticipation

,

althoug

h

economi

c

theor

y

nee

d

t

o

adjus

t

its

tool

s

an

d

model

s

(positiv

e

app

r

oach)

I

n

th

e

secon

d

cas

e

anticipatio

n

i

s

important

,

albei

t

i

t

wil

l

b

e

passiv

e

i

n

th

e

sens

e

tha

t

i

t

canno

t

a

f

fec

t

the

(unavoidable

)

outcome

;

app

r

oac

h

f

r

o

m

economi

c

theor

y

wil

l

onc

e

agai

n

b

e

positive

I

n

th

e

thi

r

d

cas

e

anticipatio

n

ha

s

a

potentia

l

t

o

b

e

activ

e

an

d

tr

y

t

o

stee

r

th

e

transformatio

n

p

r

oces

s

towa

r

ds

a

desi

r

e

d

(and

,

i

n

som

e

cases

,

designed

)

outcome

;

the

r

e

i

s

a

normativ

e

r

ol

e

fo

r

economi

c

theory

I

n

al

l

cases

,

th

e

impossibilit

y

fo

r

th

e

socia

l

scientis

t

t

o

b

e

a

n

externa

l

observe

r

need

s

t

o

b

e

acknowledgedSlide6

Po

ssible methodological tools (tentative)

Mechanism design theoryArtificial

agent

s

t

he

o

ry

E

xp

eri

m

ent

al

e

c

o

n

o

mi

c

s

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