Despite being a key term in institutional economics, the term "institution" seems to be used in various different ways. To what extent is this problematic, given that a shared understanding of key terms among scholars is a necessary condition for scientific progress? We review prominent...

This paper provides an introduction to a unifying heterodox approach to the micro-macro link in economics. We emphasize the analytical problems that may arise from popular misunderstandings about the relationship of individual and aggregate level and thereby illustrate why a thorough...

Agent-based simulations have become increasingly prominent in various disciplines. This trend is to be appreciated, but it comes with challenges: while there are more and more standards for design, verification, validation, and presentation of the models, the various meta-theoretical strategies...

Financial signals' abrupt spectral changes in temporal scale correspond to the perception bias on risk which is a well-known epistemologically decision-making factor in behavioral finance research. In this paper, we explored the epistemological role of S&P 500 signal's non-stationarity on...

Wird über Nachhaltigkeit gesprochen, so stellt sich der Eindruck ein, es gehe um einen Begriff, den bestimmte Akteure benutzen, um mit ihm interessengeleitete Praktiken zu legitimieren. Der ironische Gehalt dieser rhetorischen Figur liegt in der Überschätzung des Begriffs der Nachhaltigkeit...

The introductory contribution to this special issue on “Political Theory of the Digital Constellation” addresses the conditions and possibilities of political theory’s engagement with digital developments. The motivation for this inquiry is the growing interest in questions of political...