Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10003761570
Persistent link: https://www.econbiz.de/10003400172
This paper explores lock-in and lock-out via economic policy. It argues policy decisions may near-irrevocably change the economy's structure, thereby changing its performance. That causes changed economic outcomes concerning distribution of wealth, income and power, which in turn induces...
Persistent link: https://www.econbiz.de/10011572435
This paper uses hysteresis to develop the concept of policy lock-in and lock-out. Policy changes may near-irrevocably change the economy’s structure, thereby changing the distribution of wealth, income and power. That may lock-in policy by changing the political equilibrium. Exit costs that...
Persistent link: https://www.econbiz.de/10011669507
This paper argues Rodrik's (2011) globalization trilemma is analytically mistaken. Rather than a trilemma, globalization poses a dilemma between more globalization and reduced national policy space. Not only may globalization shrink policy space, it may also twist it. The character of the twist...
Persistent link: https://www.econbiz.de/10011924531
Persistent link: https://www.econbiz.de/10011819234
Persistent link: https://www.econbiz.de/10012886483
Persistent link: https://www.econbiz.de/10013369551
The varieties of capitalism (VoCs) approach has the potential to transform economics. It implicitly emphasizes the plasticity of economies, whereby their character and outcomes are significantly a matter of choice. This paper augments VoCs theory to include a distinction between varieties and...
Persistent link: https://www.econbiz.de/10013347211
Neoliberalism is a political economic philosophy that consists of two claims, one economic and the other political. The economic claim is free market laissez-faire economies are the best way to organize economic activity as they generate efficient outcomes that maximize well-being. The political...
Persistent link: https://www.econbiz.de/10014327614