This idea has been pursued several times in the past, and it always ends up producing lots of interesting academic results and no practical conclusions.
It's certainly an interesting perspective on the development of complex systems. The idea that an economy can be somehow overfitted to its own incentives and constraints I don't think is entirely new, cf the Beer Game. But as a general concept, it's certainly not something that usually finds its way into policy discussion, beyond some very specific talk about reshoring of certain critical industries.
However, I think the most important benefit of this perspective is going to be providing yet another counterargument against the Austrian economics death cult.
It seems to me that something similar to Adam Smith happened to the Austrians: their ideas have been cherry-picked. According to German Wikipedia, their main things were / are a focus on individual preferences, marginal utility, and a rejection of mathematical modeling(!)
There was also something about lower state expenditures (...taxes...) giving better results for the people - that's the one that seems to be very popular with rich people for some reason. Go figure.
Austrian economics also rejects empirical assesment of its claims. Instead, universal thruths are derived "logically" (formal logic banned though) from "obviously true" axioms using a method called praxeology.
It seems a lot like Scientology: the more you learn about it, the more bizarre it gets. And of course it's used to extract a lot of money for few benefactors.
It's certainly an interesting perspective on the development of complex systems. The idea that an economy can be somehow overfitted to its own incentives and constraints I don't think is entirely new, cf the Beer Game. But as a general concept, it's certainly not something that usually finds its way into policy discussion, beyond some very specific talk about reshoring of certain critical industries.
However, I think the most important benefit of this perspective is going to be providing yet another counterargument against the Austrian economics death cult.