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Walter Eucken was the head of the Freiburg school of economics, a circle of German ordoliberal scholars of the interwar period, whose thoughts were highly influential in the immediate post war period. Being disillusioned by what he called the "age of experiments"- the failure of both classical...
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efficiency of institutions in the sophistication of production in Latin America compared to economies with greater complexity … the continental part of Latin America and 10 countries with the greatest economic complexity according to the Atlas of … Economic Complexity Index. These countries are classified by their income level, data compiled by the United Nations …
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After the fall of state socialism about two decades ago, democracy and market economies were assumed to diffuse worldwide. However, the American financial crisis of 2008, leading to a worldwide economic crisis caused increasing criticism of capitalism. As laissez-faire capitalism, Keynesianism...
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This paper analyzes the role of complexity in production on the level of output and on its rate of growth. We develop … an endogenous growth model with human capital accumulation, where increased complexity could exert either a positive or a … negative effect on the level of output but always a positive effect on its rate of growth. Our empirical measure of complexity …
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