’Nothing in business excites so much interest in the wider world as the pay of top executives.’ theEconomist wrote in a 2003 article titled ’Fat cats feeding - Executive pay’. Indeed, it seems thatthe dwindling heights to which CEO compensation has risen trigger stronger feelings than...

This paper constructs a dynamic analysis of the growth and distribution models of Das and Ghate (2004) and Alesina and Rodrik (1994) when leisure is valued by agents. When leisure enters the utility function, we show that the tax rate on capital income chosen in a political equilibrium is lower...

In meiner Arbeit zur „Wissenschaftsgesellschaft – Von Galileo zur High-Revolution“(Kreibich 1986) habe ich dargelegt, dass ‚Wissenschaft und Technologie’ die zentraleProduktiv- und Innovationskraft der Industriegesellschaft ist. Mit der Entwicklung dermodernen...

Angesichts des seit Jahren grassierenden "Utopieverlusts" und der Dominanz von Thatchers TINA-Ideologie ("There Is No Alternative") ist das Aufzeigen und die Diskussion von konkreten Utopien ein höchst relevantes Unterfangen. Für Linke ist dies sogar eine strategische Notwendigkeit - selbst...

Recently, it has been suggested that the process of economic development should ideally be viewed as a socioeconomictransformation. Such a view requires a comprehensive understanding of how agents learn and changetheir behaviour. However, these aspects have only been inadequately addressed in...