Schumpeter’s idea that innovations can be described as new combinations often is understood as a mere metaphor and slight generalization of what he considers as the characterizing feature of entrepreneurship. The main argument of this paper is that more and deeper issues are involved in the...

Thorstein Veblen's class analysis implicitly was a critique of the class analysis of some Marxists, who reduced the interdependence of economic base and ideological superstructure to a causal link from the former to the latter. Veblen's emphasis on the directive to take culture into account...

The current economic crisis proves how deep the contradictions inherent in contemporary capitalism really are. At the same time it is evident that the financial crisis goes hand in hand with a social crisis, since an increasing number of people lost trust in governments, trade unions and other...