<aside> 🛠 We never stopped Central Planning, we just outsourced it

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A website by Dr Steven J Steer

Welcome

This site describes an operating approach that I have coined ‘Economic Architecture’. It is intended to be effective at managing complex socio-economic systems, where the system complexity has outgrown established ‘analogue’ governance methods.

The purpose of Economic Architecture is to improve the process of creating or adapting systems to meet techno-socio-economic challenges where existing governance methods are proving to be unsuited to the challenge. Economic Architecture is generally intended for use with respect to infrastructure-intensive investments and/or public services. Typical ways in which existing governance methods tend to demonstrate inadequacy include a sense of:

• a slow pace of change
• information complexity, lowering confidence in plans
• absence of a market actor with legitimacy to lead change
• repetitive ‘resetting’ of strategy and direction
• implementation regularly falling short of commitments

It is typically assumed that the Economic Architecture method will be applied to national-level challenges, or equivalently complex systems. For simpler systems, this could be described as ‘using a hammer to crack a nut’.

Economic Architecture is itself an emerging approach for facilitating the agreeing, designing and delivery of development of and/or change to new and existing complex systems. Its arguably rather lofty overall aspiration is to enable society to progress to its next epoch, but there is never any harm in setting your sights on an ambitious target, while being pragmatic during the day-to-day.

EconArchIntro.mp3

• Citations

On this site I document information that puts substance to the phrase ‘Economic Architecture’ and related topics. I publish into the public domain to allow others to learn and contribute. I am continually developing my thinking. Documenting my thoughts to an audience helps focus my mind and makes it easier to receive feedback.

If you want to contact me about these topics, I’ll be glad to hear from you

Thanks & enjoy your stay

Steven J Steer

<aside> ✉️ Get in touch:

[email protected]

https://www.linkedin.com/in/sjsteer/

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What I mean by ‘Economic Architecture’

An introduction video outlining what I mean by ‘Economic Architecture’.

https://www.youtube.com/watch?v=xf8Yu5kidD8

Video slides:

Governing our national Economic Architecture Mar2024 v3.pptx