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Economic Policy in the Digital Age

How Technology is Challenging the Principles of the Market Economy

  • Book
  • Jun 2024

Overview

  • Discusses challenges of digitalization for economic policy
  • Highlights the emergence of digital innovations such as digital currencies and sharing economies
  • Addresses competition, antitrust, and labor market policy

Part of the book series: Contributions to Economics (CE)

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Keywords

  • economic policy
  • social market economy
  • Freiburg School
  • institutional economics
  • digitalization
  • industry 4.0
  • information technology
  • antitrust law
  • technological change
  • digital currencies
  • knowledge economy
  • industrial organization
  • monetary policy

About this book

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 socialaspects.

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.



Authors and Affiliations

  • Andrássy University Budapest, Budapest, Hungary

    Jörg J. Dötsch

About the author




Bibliographic Information

  • Book Title: Economic Policy in the Digital Age

  • Book Subtitle: How Technology is Challenging the Principles of the Market Economy

  • Authors: Jörg J. Dötsch

  • Series Title: Contributions to Economics

  • Publisher: Springer Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024

  • Hardcover ISBN: 978-3-031-53046-3Due: 15 June 2024

  • Softcover ISBN: 978-3-031-53049-4Due: 15 June 2024

  • eBook ISBN: 978-3-031-53047-0Due: 15 June 2024

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XII, 208

  • Number of Illustrations: 1 b/w illustrations

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