The paper analyses some of the challenges that economic sciences face during theglobal crisis. Ideologically, the crisis caused a fierce debate between the adherents of theultraliberal theory regarding Adam Smith‘s ‘invisible hand‘ and the supporters of stateinterventionism suggested by...

Present essay tries to discuss the process of formation and reformation of spatial identities in the aftermath of globalization. The basic premise of the paper is that identities are more often remain attached to space and these are direct outcome of the culture if the culture is taken as sum...

Outward direct investment (ODI) from the People's Republic of China (PRC) is surging. A common perception is that it was driven by the country's resource-seeking and technology-seeking motives. Using a new, unique, and comprehensive dataset that covers close to 10,000 Chinese ODI deals from 1998...

Wirken die über 40 Jahre bestehenden Systemunterschiede auch 28 Jahre nach der Wende noch nach? Die Ergebnisse einer neuen ifo-Studie zeigen, dass in vielen gesellschaftlichen Teilbereichen ein steter Annäherungsprozess im Gang ist und dass sich die Auffassungen in den beiden Landesteilen eher...

I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, estimates of which can be used for...

The crossroads for modernization are traced back beyond the Reformation towards the 11th and 12th century. The schism between Rome and Byzantium and the concomitant struggle for superiority between the Emperor and the Pope paved the way for the difference between the spiritual and the secular,...

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

The paper proposes a concept of "ethos" (conceived as a system of interaction covering the whole range of the essential functions of a society and shaped from within by convictions concerning the origin, the constitution and the destiny of reality and of human life within it), "religion," "the...