In the aftermath of the Great Recession governments have implemented several policy measures to counteract the collapse of the financial sector and the downswing of the real economy. Within a framework of Minsky-Veblen cycles, where relative consumption concerns, a debt-led growth regime and...

This paper analyses the emergence of internal debtor-creditor relationships within a monetary union. Developing a stock-flow consistent model consisting of three regions - North, South, and the Rest of the World (RoW), where North and South form a monetary union - it shows how the simultaneous...

In this paper we explore three claims concerning the disciplinary character of economics by means of citation analysis. The three claims under study are: (1) economics exhibits strong forms of intellectual stratification and, as a byproduct, a rather pronounced internal hierarchy, (2) economists...

This paper surveys existing measures of economic openness understood as the degree to which non-domestic actors can or do participate in a domestic economy. We introduce a typology of openness indicators, which distinguishes between "real" and "financial" openness as well as between "de facto"...

Die offene Gesellschaft ist ein wesentlicher Kulminationspunkt der Aufklärung und basiert auf der Vorstellung, dass sozialer Fortschritt durch eine gewaltfreie, wissenschaftsgeleitete und demokratische Auseinandersetzung, über gesellschaftliche Konfliktmomente, gefördert werden kann. Während...

Dieser Beitrag illustriert theoretische Argumente zu den Charakteristika vergangener und gegenwärtiger Globalisierungsprozesse am Beispiel des (ehemaligen) MAN-Produktionsstandortes Steyr. Dabei wird gezeigt, wie sich allgemeine Dynamiken verstärkter internationaler Eigentumskonzentration und...