The 2007/2008 crisis revealed the inefficiency of markets' self-adjustment mechanisms and the inability of related regulatory policies to keep markets on a consistent path. Something went wrong with the free market myth. From this perspective, the paper brings to the fore the regulatory roots of...

In the wake of the global change of a new accumulation regime in major capitalist economies, the opening up and liberalisation process of emerging economies from the 1980s has provoked great expectations that resulted in recurrent disappointing crises. Studied as a stylized fact, the Turkish...

Financial development is usually assumed to play a key role in the evolution of modern capitalism. A substantial strand of the academic literature, referring to Schumpeterian Creative Destruction, points out this role in the process of technology-based growth and puts the emphasis on the...