The common agreement of the advantages of competition is usually supplemented by a similar one on the destructive characteristic of cartels. Starting from this verdict the contribution looks into various assumptions ?and finds considerable practical evidence contradicting the verdict. While...

Americanization is the transfer of values in the economy from the usa. Europe experienced three waves: in the 1920s, during the boom-phase 1949-1973, and since 1985. By using Americanization as a cultural concept, we cannot only describe the waves but explain why they occurred: The Europeans...