A complex analytical framework, the Interactive Party state model (IPS), is offered for revealing the structural and dynamic background of opposite processes: first, the development of the communist party as a political entity into a politically monopolized regime and then to a social system;...

Individual leaders have been central to the transformation of organizations, political institutions and many instances of social and economic reform. In this paper we take a first step towards analyzing the role of leadership to ask: when and how does a leader engineer change? We show that while...

We present a model to explain why in the transition economies of Central and Eastern Europe an important output fall has been associated with price liberalization. Its key ingredients are search frictions and Williamsonian relation-specific investment, implying that new investments are made only...

The restructuring process of formerly state-owned enterprises, including dismissal of excess labor, has been slow. Since the recovery of transition economies depends on the restructured sector, a convincing take-off has been delayed. Many arguments have been forwarded to explain the low...

National Innovation System is a departure from viewing entrepreneurship as individual-agent based phenomenon. Viewing economy as a network system gives a perspective to make interventions for innovation at systemic level. In this paper, by identifying the network properties of the Indian...

From the standpoint of policies, the different branches of economics may be aggregated into two categories: dirigiste and laissez fairist. Dirigiste theories in economics have been based primarily on the complexity of commodities: this allows commodities to be ranked according to the...

Team decision-making is often conducted under looming deadlines, where time constraints affect team communication and, consequently, team decisions. This study examines teams' ability to communicate and reach an agreement under time pressure in a coordination game and consequent performance. We...

Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the last three decades, advancing more realistic economics. It converges with long-standing heterodox schools, and its theoretical and empirical findings are consistent with older...

This article argues that New York municipalities should integrate land banks into the tax enforcement process to break the unhealthy cycle perpetuated by real estate and lien speculators. By transferring all tax liens and foreclosed properties to local land banks, municipalities can generate an...