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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.

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.

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This book highlights the opportunities and risks of digitalization and digital transformation for our global economy at both the micro and macro level. Experts from various fields, presenting both scientific and practice-oriented perspectives, identify and critically analyse areas of tension and development potential in connection with new business models and sustainability efforts in our society. It is divided into four parts, the first of which highlights new technological advances in areas such as blockchain, cryptocurrencies and fintechs, and discusses the challenges they pose for public regulation. The second part illustrates digitalization's effects on and potential advantages for public welfare, focusing on key areas such as education, health and smart cities. The third part focuses on challenges for corporate and public management, particularly for leadership and Corporate Social Responsibility, while the fourth part discusses new dimensions for analysis based on big data. The contributions gathered here are partly an outcome of the International Conference on Digitalization, Digital Transformation and Sustainability held in Budapest in October 2020 and generously supported by the Hanns Seidel Foundation.

Economic production --- Engineering sciences. Technology --- Business policy --- Financial organisation --- Information systems --- Computer. Automation --- ICT (informatie- en communicatietechnieken) --- innovatiemanagement --- bedrijfseconomie --- technologie --- technologische innovatie --- innovaties --- sociale interventies --- informatica management

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Economic production --- Engineering sciences. Technology --- Business policy --- Financial organisation --- Information systems --- Computer. Automation --- ICT (informatie- en communicatietechnieken) --- innovatiemanagement --- bedrijfseconomie --- technologie --- technologische innovatie --- innovaties --- sociale interventies --- informatica management