Policy implications of complexity economics (CE) are investigated. CE deals with “Complex Adaptive (Economic) Systems” [CA(E)S], generally characterized by mechanisms and properties such as “emergence” of structure or some capacity of “self-organization”. With this, CE has manifold...

Some famous pioneers together with the most promising new practitioners in the field show within this book how they define their subject. This is an authoritative survey of important branches of evolutionary economics, containing innovative new perspectives on market dynamics and evolutionary...

We develop a formal approach to the emergence of institutionalized trust in the context of the evolution of cooperation, with a particular focus on the relevance of the size dimension of this process. While trust in general has been widely investigated, as has the size dimension of structural...

The paper explores the relations of (1) regionalized climate change impulses; (2) their impacts on regional industry sectors; and (3) a regional econometric impact analysis. It develops a methodology by which the impulses of a regional climate change scenario can be transformed into 'primary'...

The paper starts from the increasing spatial and functional fragmentation of value-added chains, global de-regulation and dis-embedding of “markets”, and interdependencies among the Net-based digital technologies. It develops a socio-economic setting with ubiquitous direct interdependencies...

Transaction cost economics explains organizational forms in a market vs. hierarchy dichotomy as hybrids of those two ideal forms. The present paper, in contrast, argues that pure market and hierarchy, including their potential formal hybrids, are an empirically void set and that coordination...

This paper explores the crisis and some implications against the Marxian profit rate (PR). The PR helps explaining a number of phenomena often considered disparate. The focus is on integrating exploded fictitious capital in the PR and to estimate a corrected PR. We estimate global fictitious...

"Aus der Analyse von Validitätsmängeln herkömmlicher marktlich-monetärer Erfolgsmaße in ihrer möglichen Eigenschaft als Wohlfahrtsindikatoren wird das Konzept eines Sozialindikatoren-Systems zur Bestimmung und empirischen Ermittlung multidimensionaler Erfolgs-Konstrukte entwickelt. Für...