How Technology is Challenging the Principles of the Market Economy Dötsch, Jörg J. creator author. aut http://id.loc.gov/vocabulary/relators/aut SpringerLink (Online service) text sz 2024 1st ed. 2024. monographic eng

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access XII, 207 p. 1 illus. online resource. This book addresses how digital technology is challenging the principles of the market economy and the consequences for economic policy. Applying the approach of the Freiburg School as a heuristic perspective, the study examines the concrete effects of digital technology on the price system and monetary policy, the openness of markets, the role of private property, and labour markets. It highlights the emergence of digital innovations such as digital currencies, digital goods, artificial intelligence, digital platforms and the sharing economy and discusses the challenges these innovations pose for economic governance and the development of adequate economic policy instruments. This comprehensive overview provides a basic understanding of the scope of the digital transformation and addresses a wide scale of important aspects of e.g. competition and trade policy, the impact of robotisation on labour market policy, and how economic policy must incorporate social aspects. The book appeals to scholars and students of economics, public management professionals, and anyone interested in the challenges of digitalisation in the context of economic policy. Part I. Theoretical Outline -- Chapter 1. Introduction -- Chapter 2. The Digital Transformation as a starting point -- Chapter 3. The approach of the Freiburg School and why it is particularly useful now -- Part II. An Order Challenger -- Chapter 4. A functioning price system -- Chapter 5. Primacy of monetary policy -- Chapter 6. Open markets under pressure -- Chapter 7. Private property -- Chapter 8. Labour and Incomes -- Chapter 9. Concluding remarks. by Jörg J. Dötsch. Economic policy Evolutionary economics Institutional economics Law and economics Industrial organization Macroeconomics Economic Policy Institutional and Evolutionary Economics Law and Economics Industrial Organization Macroeconomics and Monetary Economics HD87-87.55 9783031530470 https://doi.org/10.1007/978-3-031-53047-0 https://doi.org/10.1007/978-3-031-53047-0 240513 20251030112038.0 978-3-031-53047-0