It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it comes to analyzing the richest parts of society. This paper addresses this criticism using Austrian data from the Household Finance and Consumption Survey (HFCS). In doing so...

Dieser Beitrag interessiert sich fuer die Entwicklung der Verteilung und das Potential der Besteuerung von Vermoegen und diskutiert diese Fragen mit Rueckgriff auf neuere Forschungsergebnisse. Dabei wird das gesellschaftspolitische Potential einer direkten Vermoegensbesteuerung vor dem...

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"...

Der Sektor Mobilität steht im Zusammenhang mit der Klimakrise immer wieder im Mittelpunkt der öffentlichen Debatte - auch deshalb, weil es im Verkehrssektor in der Vergangenheit nicht gelungen ist das bestehende Emissionsvolumen zu reduzieren. Vor diesem Hintergrund scheint eine Verlagerung...

This paper extends the theoretical concept of wage-led and profit-led demand regimes, first introduced by Amit Bhaduri and Steven Marglin in the early 1990s, by incorporating relative consumption concerns. Specifically, it integrates the Veblenian concept of conspicuous consumption into a...

This paper reflects on the development leading to the recent crisis and interprets this development as a series of events within a Minsky-Veblen Cycle. To illustrate this claim we introduce conspicuous consumption concerns, as described by Veblen, into a stock flow consistent Post Keynesian...

This paper analyses economic developments in the Eurozone since its inception in 1999. In doing so, we document a process of economic divergence and polarization among those countries that joined the Eurozone during its first two years, which fits a typical 'core - periphery' pattern. We show...