New Economic Thinking – Economics of Complexity

Social and economic changes in today’s society for the last years and even decades took place mainly due to innovation technologies. Technologies mean new knowledge. Processes of shaping and using knowledge demonstrate fast growth. For instance, it is assumed that Russian vocabulary will double by 2030. In spite of increasing amount of knowledge, the need in it keeps growing. Human activity is short of both natural-scientific and economic knowledge. Firstly, cognition of economic processes could extend analytical instrument for its analysis. Secondly, development and manufacturing of new products, their number, practical implementation, elaboration of new technologies have influenced greatly on the economic system. It is not the system that was studied and described by founders (classics) for nearly three centuries. For the last 30-40 years fundamental changes in theory and practice took place, which gave an opportunity to design and work out brand new products and processes. Under the impact of accumulated knowledge in related fields certain changes occurred in economic knowledge as well. Shaping of such trend in economic research as economic complexity is one of the results. It is a new trend that now develops its own methodological foundation and instrumental base. This article deals with certain aspects of economic complexity research.