How can we determine when an existing institutional path or trajectory is ending and being replaced with a new one? How does such a process take place? How can we distinguish between institutional innovation within an existing trajectory and a switchover to a new trajectory or path? This paper...

No longer does society consider the full extent of the argument and consequences or benefits of a system change. All the record-breaking economic success of the last few decades simply furthers a divide between people/organizations that have money and people/organizations that need money....

An article about the origin, evolution and laws of formation of enterprise systems in the social environment of modern industrial society. The author analyzes the fundamental differ-ences between business and enterprise systems, proving the thesis of the monopolistic nature of corporations in...

This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be...

This paper argues that the traditional social contract that underlies the free market economy has run its course and needs to be replaced by a new contract, based on a new conception of the 'empowering economy.' Whereas different social contracts are relevant to different societies, all these...

An article about the origin, evolution and laws of formation of enterprise systems in the social environment of modern industrial society. The author analyzes the fundamental differ-ences between business and enterprise systems, proving the thesis of the monopolistic nature of corporations in...

During the second half of the twentieth century economists have build newer models of economic growth that consider policy influences of growth and divergent outcomes among countries. These models address issues concerning economic growth, operation of financial markets, trade policy, government...

The article deals with problems of state capitalism. It can be defined as maximisation of political control over economy and society and it is used as the characteristics of systems which exist in China, Russia, Brazil, United Arab Emirates, etc. State capitalism used to be effective in early...

During the second half of the twentieth century economists have build newer models of economic growth that consider policy influences of growth and divergent outcomes among countries. These models addresses issues concerning economic growth, operation of financial markets, trade policy,...

This essay reviews the development of approaches within the comparative capitalisms(CC) literature and points to three theoretical innovations which, taken together, define and distinguish these approaches as a group. First, national economies are characterized by distinct institutional...