Full employment was the centrepiece of the economic policy of social democracy in the post-war period. Whilst the role of Keynesianism in policy making may be exaggerated, it offered the prospect of maintaining full employment without any section of society having to pay. Problems with the...

While traditional theories of legitimacy have focused on the nation-state, authoritarian regimes and democracies alike seek legitimation not only in the domestic realm but also from international sources. This paper argues that the degree to, and the form in, which they do so depend on the...

The publication of János Kornai's memoirs, By Force of Thought, provides an excellent opportunity to remind ourselves of Kornai's great contributions to economic research. This paper discusses both his basic research strategy and some of his main research results. Kornai has usually dealt with...

Dieser Aufsatz untersucht die wirtschafts- und unternehmensethischen Arbeiten von William Baumol und rekonstruiert seine ökonomische Erklärung für die spektakulären Wachstumserfolge westlicher Marktwirtschaften.

Dieser Artikel gibt einen Überblick über Leben und Werk von Joseph A. Schumpeter. Das Frühwerk (1908 bis 1914) ist zentriert um drei Ideen, die im Spätwerk (1926 bis 1950) wieder aufgegriffen und ausführlich ausgearbeitet werden. Die erste Idee besteht darin, dass es im Wirtschaftsprozess...

A vision of universalised human freedom, equality, security and democracy emerged in the wake of the Scientific Revolution and the Enlightenment, the British Industrial Revolution and the French Revolution. This vision, not even approximately practicable at the time, is now well within reach. A...