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This paper addresses the hottest potato of economics today, namely why the profession seems to have been lulled into a sense of false security in spite of flourishing economic models as well as subfield-knowledge in various disciplines? The embarrassing question of the Queen of England ‘why did nobody see the crisis of 2008 coming’ emblematically signalled the failure of the collective imagination of the entire profession to understand the system and its emerging patterns. The present paper can be seen therefore as a clarion call for grounding a shift towards an economics barded with the lessons learnt in complexity science in shaping modern governance.

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. Acta Oeconomica , 69 ( 1 ): 81 – 99 . Forgon , M. ( 2000 ): Ágazati kapcsolatok a gazdasági modellezésben (Input-output tables in economic modelling – in Hungarian

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Banking Performance: A Panel Quantile Regression Analysis . Economic Modelling , 67 ( December ): 300 – 306 . 10.1016/j.econmod.2017.01.018 Leonard , M. – Sloan , J. – Lee , T. – Elsheimer , B. ( 2008 ): An Introduction to Similarity

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. Economic Modelling , 59 ( December ): 520 – 528 . 10.1016/j.econmod.2016.07.020 Zhang , Z. ( 1999 ): Rural Industrialization in China. From Backyard Furnace to Township and Village Enterprises . East Asia , 17 ( 3 ): 61 – 87 . 10.1007/s12140

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from China's Growth Enterprise Market Firms . Economic Modelling , 83 ( C ): 287 – 298 . https://doi.org/10.1016/j.econmod.2019.07.005 . 10.1016/j.econmod.2019.07.005 Lin , J. Y. ( 2019 ): China's Growth Deceleration: Causes and Future Growth

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shares in the old and new EU member states - Sectoral effects and the role of relative prices . Economic. Modelling 90 : 254 – 274 . 10.1016/j.econmod.2020.05.010 Kravis , I. B. – Lipsey , R. ( 1983 ): Toward an Explanation of National Price

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. ( 2012 ): A Theory of Optimal Capital Taxation . NBER Working Paper 17989 . Ratto , M. – Roeger , W. – In't Veld , J . ( 2009 ): QUEST III: An Estimated Open-economy DSGE Model of the Euro Area with Fiscal and Monetary Policy . Economic

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, that enable the renting, exchanging, sharing and gifting of idle tangible and/or intangible resources providing wide access and high efficiency” ( Lengyel 2017 : 3) Szűts and Yoo (2015) “a sociological and economic model based on the sharing of physical

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. B. – Meara , J. G. – Shrime , M. G. ( 2020 ): The Impact of Physician Migration on Mortality in Low and Middle- Income Countries: An Economic Modelling Study . BMJ Global Health 5 ( 1 ): e001535 . 10.1136/bmjgh-2019-001535 Sandu , D

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