Purpose The entire world is now witnessing the Fourth Industrial Revolution and Artificial Intelligence (AI) is indeed altering the lives of the many in both developing and developed countries. Massive digital transformations are affecting the economies of those countries and are bringing with...

This article addresses Kondratiev’s approach to the problems of economic dynamics, cycle and conjuncture in the context of a new methodological agenda which was formulated in the 1920’s in Europe and the USA by representatives of the "brilliant generation of economists," mostly members of...

A Hobbesian society is modeled to study how the market emerges from violence. From a Cournot military contest for wealth, primitive markets emerge when Rousseau's Garden of Eden or an arms race is the equilibrium rather than war. Politically-dominated (e.g., socialist) or Smithian markets with a...

The main objective of the paper is to use the following terms of Daron Acemoglu and James Robinson - Despotic, Real, Paper, Shackled Leviathans - to check and evaluate the state of democracy, governance and social power in Central and Eastern European Countries (CECCs). Six states were included...

In a prolific and illustrious career, the late Gary Becker (1930 - 2014) developed what he would later call "the economic approach to human behaviour". One of the most significant strands of that research was that which focused on human capital, occuping a significant part of his career,...

The German Institute for Economic Research (DIW Berlin), the largest institute of its kind in Germany, will celebrate its centenary in 2025. It was founded as the Institute for Business Cycle Research (IfK) on July 16 1925 by Ernst Wagemann, then President of the German Statistical Office. The...

In both academic research and policymaking, public sector debt and debt-to-GDP ratios are relied on for a multitude of important economic, political and socioeconomic decisions, especially as public sector balance sheets expand to an unprecedented size in the midst of the 2019–2020 COVID...