In an evolutionary approach to macroeconomics, the market disequilibrium dynamics resulting from structural change need to be properly represented at the aggregate level. As suggested by the late F.A.Hayek, a suitable equilibrium concept required to this end as a frame of reference, is that of a...

In this contribution we link the recently re-discovered tendencies towards stagnation with the features of financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic channels of transmission of financialisation-namely, the...

This paper gives a short overview of the unemployment problem in Germany during the last decade. In a disequilibrium macroeconomic framework there are strong linkages between spillovers of domestic demand on trade flows and labor demand. In the econometric part of the paper these linkages are...

Im folgenden Beitrag wird die Frage untersucht, unter welchen Voraussetzungen der Einsatz eines gesamtwirtschaftlichen Planspiels in der Hochschulausbildung auch für Aufwand und Ertrag abwägende Ökonomen vorteilhaft ist. Zuerst werden die von Wissenschaft und Praxis geforderten...