Complexity

Abstract

In this chapter Padua analyses the Keynesian organic interdependency within the environmental complexity of the current socio-economic system. The consequences of such a complex scenario are: inability to predict; need for a holistic vision; and causes not attributable to the effects.

By assuming a progressive prevalence of the intangible over the tangible dimension, in opposition to the ‘Real economy’, Padua explains the original concept of ‘Nominal economy’ as a form of unregulated and unethical speculative economy operating in the complex global financial environment, generating wealth asymmetries and a tendency towards fluctuations. This opposition justifies an evolution of the meaning of value in the current economy, reflecting the dualism between the roles of goods (tangible) and reputation (intangible) in the process of building value.