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Second Annual Research Paper Prize:
Complexity in Social Macroeconomics

Rebuilding Macroeconomics is a research project funded by the UK’s Economic and Social Research Council and hosted at the Institute for Global Prosperity, University College London. Our remit is to support interdisciplinary research projects through awarding grants to projects that would fall outside of mainstream funding awards. Complexity Science has emerged as being critical to this process. We describe complexity in economics as the realistic portrayal of human action and institutions to understand how economic systems evolve over time.

In 2019 Rebuilding Macroeconomics launched a Research Prize to attract and identify fresh thinking on complexity research in macroeconomics. We were delighted with the response with twenty-five strong entries. For our second annual Complexity in Macroeconomics prize we would like to narrow the field by inviting applications for research which addresses Social Macroeconomics. We describe Social Macroeconomics as a macroeconomic system based on practical decision-making in a world of partial ignorance.


  1. There will be one first prize of £6,000 (US$8,130), one second prize of £4,000 (US$5,420), and one third prize of £2,000 (US$2,710). The prizes will be payable only in GB pounds and on receipt of a submitted claim. If a paper is co-authored, the prize will be awarded in full to the designated lead author who will then make whatever disbursements are necessary with the co-authors.

  2. The papers are expected to be highly innovative and offer insight into our understanding of the macroeconomy beyond that which is possible using standard methods of economic analysis. The criteria for selecting the winning papers include originality, importance of the insight to our understanding of the macroeconomy and quality of the exposition.

  3. Papers will be judged by a panel of distinguished experts. The relevance of the research to macroeconomics must be stated clearly. Papers must be written in English and be fully understandable to a non-expert audience. The decisions of the judges will be final and there will be no right of appeal.

  4. Applicants will be academic employees, fellows or students at UK or international universities or research organisations; or employees of government or multilateral institutions. We require signed proof from your institution that your current position satisfies this requirement.

  5. Papers will be no more than 10,000 words in length (excluding references) and will be submitted no later than 23.59 BST on 30th June 2022. We require a written declaration of professional integrity from a senior staff member at the host institution, stating that the work is by the named author(s) while at the named institution, and that all other inputs are attributed fully. Any paper suspected of plagiarism or appearing to be questionable authenticity will be disqualified.

  6. Intellectual property rights will be retained by the authors of the papers. Prize winners will permit the promotion and publicization of their papers via the RM Network.

  7. Papers should be submitted as PDF document attachments and e-mailed to Contact details for the lead author (name, department/ institution/centre, mobile number and email) should be given on the cover sheet only, and no details about any author should appear on the remainder of the paper.

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