Is the modern economy complex enough for a paradigm shift?
Why does the current economic paradigm fail in a complex economy?
What are the propositions for a competition law fit for a complex economy?
My second article about the complexity science written for the Competition Law Insight.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5244963
This article is the next step following my previous publication in this journal, Complexity Science in the Debate on the Future of Competition Law. Just as the first article presented four distinct initiatives for competition law informed by complexity science, this piece introduces their essential propositions. I will explain how complexity increases, why the modern economy has become so complex, and the consequences of this process. The article is divided into three sections. The first describes changes that make the early 21st century a pivotal moment for unlocking the evolution of the economic paradigm within competition law. The second section summarizes critiques of the currently dominant paradigm, explaining the analytical shortcomings of neoclassical economics when faced with the growing complexity of the modern economy. The final section uses this context to briefly present the most important propositions of the previously mentioned initiatives.
The first article:
Filip Lubinski 
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