Prof. Beinhocker has recently published an essay on a “new economics” research program, which he chairs at the University of Oxford. This essay contains a number of interesting hypotheses and it is worth reading the whole essay to understand how the approach of Prof. Beinhocker and his team differ from the classic economic thinking.

At the core of this thinking is a view which I tried to outline in my previous research on G8 Financial Markets Regulation: the idea that there will never be an optimal financial market regulation as proposed by classic economic thinking. Continue reading →