The economic literature started to recognize the heterogeneity characterizing the nature of different technologies, introducing the concept of General Purpose Technologies. In this paper, we offer a new view of General Purpose Technologies, building on the historical as well as on the recent...

The New Economy should not be discounted as a temporary stock market phenomenon, but should be recognized as a real and sustainable phenomenon. The basic feature of the transition towards the New Economy is the rising importance of information—both as output and input good—in virtually all...

Akzeptiert man die Theorie der langen Kondratieff-Wellen, so befinden wir uns gegenwärtig im 6. Kondratieff, der auf der Bio- und Nanotechnologie basiert. Wie kann die Volkswirtschaft aus evolutionsökonomischer Sicht an der Kondratieff-Dynamik partizipieren? Welche Rolle kommt dabei der...

This paper presents a stock-flow consistent macroeconomic model in which financial fragility in firm and household sectors evolves endogenously through the interaction between real and financial sectors. Changes in firms' and households' financial practices produce long waves. The Hopf...

In June 2010 Professor Dr. Norbert Koubek gave his valedictory lecture. He retired after four decades in the Department of Business and Economics at the University of Wuppertal. In his lecture 'Light and its economic consequences as a fundamental phenomenon' Professor Dr. Norbert Koubek refers...

"Ideal speech situations", "domination-free discourse" or "deliberative communities" describe political ideals proudly cherished by many sociologists. The sometimes explicit, sometimes implicit, motivation is to mobilise political discourse as an instrument to tame or transform the capitalistic...

This paper examines the relationship among economic context, political institutions, and the political dynamics of adjustment within national models of capitalism through an analysis of recent labor-market reform in France and Germany. It argues that a climate of economic austerity since the...

This paper suggests a two-dimensional concept of nonliberal capitalism: coordinated capitalism (as described in the varieties of capitalism framework) and organized capitalism. While the coordination function of institutions canalizes individual maximization strategies of firms in order to...

This article challenges the methodological nationalism of the convergence debate by arguing that multilevel governance destabilizes the coalitions thought to underpin liberal and coordinated varieties of capitalism. Existing efforts to explain how coherent production regimes emerge and persist...