Traditional macroeconomics and agent-based simulation (ABS) seem to be two disjunctive worlds, two different sprachspiele in the sense of Wittgenstein. It is not just the fact that macroeconomics has a long and distinguished history that on top of more than 200 years of discourse has recently...

This paper explores the interaction between the world of information processes in human society and the non-information dynamics, which the latter set out to understand. This broad topic is approached with a focus on evolutionary political economy: It turns out that progress in this scientific...

Knowledge comes in two opposed forms – as structural property and as a process. Their interaction - in the time dimension as well as along a logical dimension - characterizes the evolution of knowledge. Knowledge only works, i.e. evolutes, via its presence in carrier media; be it books, hard...

As recent data on average weight of human individuals in OECD countries vividly documents the primary metabolism of human individuals, e.g. physical reproduction, already produces deteriorating results. The concept of needs in the sense of desires for primary reproduction necessities has to be...

Schumpeter’s idea that innovations can be described as new combinations often is understood as a mere metaphor and slight generalization of what he considers as the characterizing feature of entrepreneurship. The main argument of this paper is that more and deeper issues are involved in the...

This paper explores how the visions of a future global political economy might shape its actual emergence. The emergence of powerful visions themselves seems to follow a pattern of discrete steps in historical time; it follows a beat of emancipation. In Europe the fundamental note was provided by...

Standard economic textbooks usually start with the assumptions that there exists • a set of representative consumers with exogenously given, fixed preference structures, • a set of representative production units with exogenously given, fixed production functions, • a set of identical...

This paper combines several important arguments, which have puzzled economic theory for decades, to arrive at a more adequate description of the current global crisis. The main theoretical innovation is to view the long-run economic evolution as a stepwise evolution of money forms. Moreover, as...

The current economic crisis proves how deep the contradictions inherent in contemporary capitalism really are. At the same time it is evident that the financial crisis goes hand in hand with a social crisis, since an increasing number of people lost trust in governments, trade unions and other...

This paper discusses the works of Joseph Schumpeter and Richard Goodwin using the common perspective that both were theoretical mavericks of mainstream economic theory development in the 20th century. In particular the fact that their activities overlapped during their cooperation at Harvard...