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Most observers ascribe the recent stagnation in Europe and her falling back behind the US-economy to insufficient and delayed deregulation and privatization, excessive social expenditure, a lag in new technology; some observers mention restrictive economic policy as well. The stagnation,...
Persistent link: https://www.econbiz.de/10005202644
The Queen's question "Why did no one see it coming" provoked professional economists as well. A fierce discussion arose how to modify and improve theory and models. A survey of the literature reveals that almost a hundred analyses warned against the instability of several mechanism, be it...
Persistent link: https://www.econbiz.de/10008751856
It is widely believed that the Information Society and its economic counterpart, the New Economy, afford more flexibility especially in the labour market (i.e. less long-term contracts) to allow faster reactions to the increased speed of change. The paper argues that increased complexity rather...
Persistent link: https://www.econbiz.de/10005686542
Persistent link: https://www.econbiz.de/10010596985