This article hypothesizes that economic reforms become sustainable when the discursive conditions prevailing in society tip against the existing paradigm under exceptional circumstances. Thus, unless the pro-liberalization constituencies dominate the development discourse, economic reforms,...

A new heterodox theory of market is suggested. Its key moments are presented. The theory is based on the distinction between two market types – the simple commodity market and the capitalist one. Definitions of market and of each of its types are given. Internal logic of transition from the...

A new heterodox theory of market and capitalism is suggested. Its key moments and general logic are presented. The theory is based on the distinction between two market types – the simple commodity market and the capitalist one. Disequilibrium and "imperfect competition" are admitted to be a...

We integrate a general social norm function which associates status to accumulation of capital and consumption into a simple model of endogenous growth. We show that societies which place a greater weight on capital as opposed to consumption will experience fast growth.Our results are consistent...

Abstract. In the 1980s and at beginning of the 1990s the debate on expectation formation mechanism was dominated by the rational expectation hypothesis. Later on, more interest was directed towards alternative approaches to expectations analysis, mainly based on the bounded rationality paradigm...

As China's economy grows and matures, is it developing institutional patterns that resemble those of other wealthy countries? I offer an innovative theory that deduces the structure of nations' capitalist institutions based on distributive welfare gains to those actors representing an economy's...

Die Freien Berufe und die staatlich gebundenen Freien Berufe agieren in einem wirtschaftsund gesellschaftspolitischen Spannungsfeld, dessen Pole durch Staat und den freien Markt gekennzeichnet werden. Der vorliegende Beitrag thematisiert Privatisierung und Deregulierung für die Freien Berufe...

The essay proposes an alternative understanding of social policy, focussing on social quality and as such bringing together biographical and societal development and as well institutional and communal concerns. On this basis the author proposes a definition of precarity that goes far beyond...