Rebuilding Macroeconomics sees the economy as a living system for creating and using knowledge, often embedded in goods and services. Our emphasis on knowledge makes clear that we live in a world of fundamental uncertainty. Yet far from being powerless to act, it is our ability to harness uncertainty which makes us such a resourceful species.

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This shift in emphasis to knowledge creation allows us to return to the time-honoured big macroeconomic questions of creativity, agency, sustainability, coordination and institutions.