This essay argues that economic systems should be defined in terms of clusters of complementary institutions. To show how such an approach can be carried out, I use a cluster analysis technique and data on forty different economic institutions in OECD nations to isolate four quite different...

This paper explores the origin and development of the consumer choice paradigm as the core concept of German ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often identified exclusively with the learning of the original...

The purpose of the article is to determine barriers and preconditions for reducing the differences in the level of development in the global economy's countries and to develop recommendations for solving the problem of the global economy's economic systems unification. In order to determine the...

This paper deals with the challenges associated with the generation of a social accounting matrix (SAM) in conditions where up-to-date measured data are particularly scarce and provides future researchers of economic systems with the first SAM for Iraq. It delivers a unique and updated...

This article bridges the gap between the intellectual history and critical geography of neoliberalism through a study of the overlooked figure of the German economist Herbert Giersch. As a public economist and director of the Kiel Institute for the World Economy from 1969 to 1989, Giersch...

The paper discusses the role of the state in shaping an economic system which is, in line with the welfare economics approach, capable of performing socially important functions and achieving socially desirable results. We describe this system through a set of indexes: the IHDI, the World...

The article proposes to consider a complex process of implementation of the state management measures of de-shadowing of the economic system in the conditions of globalization. The stages of the state policy of de-shadowing of the economic system in the conditions of globalization are...