Although the socio-economic development of many nations during the last two centuries has been very impressive, there are many issues questioning the sustainability of this development. Questions have been raised whether increased consumption will lead to increased happiness, or whether people...

In existing models of direct democratic institutions, the median voter benefits, but representative politicians are harmed since their policy choices can be overridden. This is a puzzle, since representative politicians were instrumental in creating these institutions. I build a model of direct...

I focus on the independent role of social innovation in economic progress. Modern theory of economic growth and development emphasizes endowments, power, incentives, and physical technology, paying scant attention to knowledge of social systems as a scarce resource. I reverse these procedures by...

Die große Bedeutung institutioneller Rahmenbedingungen für das Auftreten und für die Vermeidung sowie für die Wirkungen von Krisen tritt mit jeder neuen Krise in den Fokus wissenschaftlicher Diskussionen. Dieser Sammelband konzentriert sich auf die institutionellen Bezüge von Krisen, so...