Die Eurokrise hat tiefgreifende Veränderungen im Gefüge von Institutionen und Kompetenzen in der Europäischen Union angestoßen, dafür stehen der 'Fiskalpakt' und die 'excessive imbalance procedure'. Ein effi zientes Governance-System hat sich aber bisher nicht herausgebildet. Die einzelnen...

Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the last three decades, advancing more realistic economics. It converges with long-standing heterodox schools, and its theoretical and empirical findings are consistent with older...

This paper illustrates the usefulness of computational methods for the investigation of institutions. As an example, we use a computational agent-based model to study the role of general trust and social control in informal value transfer systems (ITVS). We find that, how and in which timeline...

Rezension von: Corneo, Giacomo (2006): New Deal für Deutschland, Frankfurt a. M./New York Truger, Achim (Hg.) (2006): Die Zukunft des deutschen Steuersystems, Marburg Hödl, Erich (Hg.) (2006): Aspekte einer europäischen Wirtschaftsordnung, Marburg Hayden, F. Gregory (2006): Policymaking for a...

Books reviewed: Schettkat, Ronald/Langkau, Jochem (Hg.) (2007): Aufschwung für Deutschland. Plädoyer international renommierter Ökonomen für eine bessere Wirtschaftspolitik, Bonn Roncaglia, Alessandro/Sylos Labini, Paolo (2008): Geschichte des ökonomischen Denkens. Eine kurze Einführung,...

First paragraph: Evaluating economic research today is a most contested field. This applies, most notably, since individual careers of a whole generation of critical young economists are affected. And it applies in economics, perhaps more than in any other discipline, since it is the most...

First paragraph: Evolutionary-institutional economics is more than 110 years old. It started with Thorstein B. Veblen's fundamental criticism, put forward in a bulk of papers and books from the 1880s on, of the then just-established ›neo-classical‹ economic mainstream. Veblen had worked...

This keynote reflects on the phased-out original neoclassical research program and the dominance of originally heterodox issues and questions, all beyond the 'optimality and equilibrium of the market economy', in modern cutting-edge economic research. This provides opportunities for heterodoxies...

Decline and break-up of institutionalized cooperation, at all levels, has occurred frequently. Some of its concomitants, such as international migration, have become topical in the globalized world. Aspects of the phenomenon have also become known as failing states. However, the focus in most...