Introduction

One year after the eruption of the global financial and economic crisis of 2008, Robin Williams, often regarded as one of the greatest American comedians of all time, presented his stand-up show in Washington. In fact, at Lehman Brothers, of which the collapse of September 2008 has been recorded as the largest bankruptcy in the US history, there was a model called Damocles to forecast financial crises pertaining primarily to emerging markets. One of the thorniest challenges today in the economy of Europe and the world is the widely perceptible backlash against globalisation, a challenge to which modern governance needs to respond. Addressing complexity requires a refinement of economics itself for it to become an effective contributor to a value-congruent economic governance. The chapter also presents an overview on the key concepts discussed in this book.