Die Austrian Business Cycle-Theorie behauptet, dass am Anfang eines konjunkturellen Aufschwungs eine kreditfinanzierte Überinvestition stattfindet, die (in der Version Garrisons und in Anlehnung an von Mises) eventuell von einer Überkonsumtion begleitet wird. Beiden Varianten liegt die...

This paper adopts the point of view that a crisis will face a person, organisation, region or country at some point in their life span or history. The question is how to prepare for the crises and recover from them afterwards? Some of us recover better than others and in a shorter time. The...

We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to depart from established policy stances, and reflect on the legacy of the crisis both in terms of future challenges and changes in policy doctrine. The G-20 has addressed important...

The class and social structure of developing nations has undergone profound transformation in recent decades as each nation has incorporated into an increasingly integrated global production and financial system. National elites have experienced a new fractionation. Emergent...