PL EN


2015 | 4 | 295-315
Article title

Beyond Resilience – new institutional economics, fragilities and indicators of unsustainability

Authors
Content
Title variants
PL
Poza prężnością – Nowa Ekonomia Instytucjonalna, kruchość oraz wskaźniki nietrwałości
Languages of publication
EN
Abstracts
EN
Based on ideas and notions discussed in Nassim Taleb’s books The Black Swan and Antifragile, in this article it is discussed how theories from the new institutional economics can contribute to research on sustainability issues in different areas as well as corporate social responsibility. While sustainability is often considered from the point of view of resilience, the increasing complexity of the world requires to be prepared for unexpected challenges and unpredictable challenges which may lead to crises or system ruin. The focus in this article is on the identification of fragilities as the bottom line of sustainable development – their elimination may prevent ruin and support system survival. This is based on the idea that not only policy for development may be senseless when the possibility of ruin exists. In general, it is also easier to identify problems than possible improvements. The theoretical framework of the new institutional economics will be used to outline some opportunities and challenges for identifying fragilities and creating indicators of unsustainability.
Year
Issue
4
Pages
295-315
Physical description
Dates
online
2015-12-31
Contributors
author
  • Wrocław School of Banking
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Notes
EN
Document Type
Publication order reference
Identifiers
ISSN
2353 - 9119
YADDA identifier
bwmeta1.element.desklight-f29a238b-4fa8-4f0a-91f6-7931d5c30995
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