This article explores the contribution of religion to the cultural capital of the modern market economy. Networks of church and state that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the...

This article explores religion’s contribution to the cultural capital of the modern market economy. Networks of Church and State that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the...

Networks of Church and State that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the economic history of China apart from that of Europe. The imprints of those networks, which preceded the...

Political economists are learning to adapt network analytics and theories of evolutionary selection to build better models of large-scale socio-economic processes. A complex systems approach offers the conceptual tools to unify these efforts to understand large systems and their macroscopic...

The upheavals of recent decades show us that traditional models of understanding processes of social and economic change are failing to capture real-world risk and volatility. This has resulted in flawed policy that seeks to capture change in terms of the rise or decline of regimes or regions....

"The analytical challenge in such constantly shifting environments, explained Friedrich Hayek in his 1974 Nobel acceptance speech, is to understand an economy as an 'organized complexity.' Although the term 'complex systems' wasn't yet well established, Hayek recognized structures of 'essential...

Hayek thought that the origins of composite social structures, including the economy is among the great unanswered questions of social science. These structures are the result of the beliefs and actions of the multitude and do not follow a single purposeful design. Their non-designed structures,...