{"title":"Global supply chains as global commons: some policy considerations from the perspective of microfoundations in an evolutionary framework","authors":"Henning Schwardt","doi":"10.1007/s40844-023-00273-9","DOIUrl":null,"url":null,"abstract":"<p>Microfoundations have served as a foundation to inform different research interests in evolutionary economics. We will consider aspects of global supply chains. The focus for us will be, in particular, the (lack of) resilience of those structures and what measures might be promising to enhance their resilience. The framing we propose to outline the problem structure rests on (evolutionary) game theory and combines this with an understanding of the embedding system that relies on original institutional economics. This allows to illustrate potential issues that a methodological individualism cannot capture and can inform policy possibilities that go beyond some version of ‘making markets work better’. Specifically, we offer a perspective of global supply as a commons-like problem structure. From this perspective, in a decentralized decision-making structure, focusing on changes to individual incentives only, to increase the resilience of supply chains is not fundamentally achievable, but will have to be supported in further ways by policymakers and administrative units.</p>","PeriodicalId":44114,"journal":{"name":"Evolutionary and Institutional Economics Review","volume":null,"pages":null},"PeriodicalIF":0.6000,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Evolutionary and Institutional Economics Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s40844-023-00273-9","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Microfoundations have served as a foundation to inform different research interests in evolutionary economics. We will consider aspects of global supply chains. The focus for us will be, in particular, the (lack of) resilience of those structures and what measures might be promising to enhance their resilience. The framing we propose to outline the problem structure rests on (evolutionary) game theory and combines this with an understanding of the embedding system that relies on original institutional economics. This allows to illustrate potential issues that a methodological individualism cannot capture and can inform policy possibilities that go beyond some version of ‘making markets work better’. Specifically, we offer a perspective of global supply as a commons-like problem structure. From this perspective, in a decentralized decision-making structure, focusing on changes to individual incentives only, to increase the resilience of supply chains is not fundamentally achievable, but will have to be supported in further ways by policymakers and administrative units.
期刊介绍：
The Evolutionary and Institutional Economics Review (EIER) is issued by the Japan Association for Evolutionary Economics to provide an international forum for new theoretical and empirical approaches to evolutionary and institutional economics. EIER, free from the view of equilibrium economics and methodological individualism, should face the diversity of human behavior and dynamic transformation of institutions. In EIER, “economics” is used in its broadest sense. It covers areas from the classic research in economic history, economic thought, economic theory, and management science to emerging research fields such as economic sociology, bio-economics, evolutionary game theory, agent-based modeling, complex systems study, econo-physics, experimental economics, and so on. EIER follows the belief that a truly interdisciplinary discussion is needed to propel the investigation in the dynamic process of socio-economic change where institutions as emergent outcomes of human actions do matter. Although EIER is an official journal of the Japan Association for Evolutionary Economics, it welcomes non-members'' contributions from all parts of the world. All the contributions are refereed under strict scientific criteria, although EIER does not apply monolithic formalistic measure to them. Evolution goes hand in hand with diversities; this is also the spirit of EIER. Focus areas of the Review (not exhaustive): - Foundations of institutional and evolutionary economics - Criticism of mainstream views in the social sciences - Knowledge and learning in socio-economic life - Development and innovation of technologies - Transformation of industrial organizations and economic systems - Experimental studies in economics - Agent-based modeling of socio-economic systems - Evolution of the governance structure of firms and other organizations - Comparison of dynamically changing institutions of the world - Policy proposals in the transformational process of economic life
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