Economic policy is the area where economics students can best experience that the knowledge provided by mainstream textbooks is far from sufficient, to understand what is going on in the complex, open and dynamic socio-economic innovation ecosystem. This volume draws on contributions from 22 authors suggests that economic policy requires constant vigilance, attention, a holistic approach, a modern economic governance philosophy that seeks to understand the complexity and evolution of the global economy and that consciously distances itself from any delusional complacency.