Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are distorted, growth can become permanently stagnant, with...

1. A Brief Economic History of Repeated Defaults -- 2. The Institutional Evolution and the Failed Modernizing Attempts -- 3. The Geostrategic Settings, National Resources, and the Systemic Risks -- 4. The Formation of Idiosyncratic Structure of Institutions and Culture -- 5. Sustainable...

This book assesses the current state of the Greek economy and detects its development and growth prospects up to 2030. The analysis begins with 19th century Greece, addressing the repeated defaults that led to the formation of a dependent state, and the failed modernizing attempts. Then the book...

Introduction -- The Foundations: Human Needs and Cultural Background -- Culture in Economic Thinking -- Cultural Background and Economic System -- The Effect of Cultural Background on Incentives, Growth and Distribution and Vice Versa -- Cultural Background and Rationality -- The Cultural...