Chapter 1: Introduction -- Chapter 2: Importance of Climate Change in Economics -- Chapter 3: Mainstream Climate Economics -- Chapter 4: What is Problematic about Mainstream Climate Economics? -- Chapter 5: Why We Do Not Have More Pluralism -- Chapter 6: Climate Change and Responsibility --...

Understanding a Complex World -- What is Complexity? -- Measurement of Complexity -- Complexity Economics -- The Economy as a Complex Adaptive System -- Nonlinearity -- Feedback, Circular Causality, and System Dynamics -- Self-Organization -- Emergence, Levels, and Hierarchy -- Economic...

This paper investigates the empirical relation between consumer and expert expectations about macroeconomic conditions in Germany. Using data from the EU Consumer Confidence Survey and the ZEW business expectations, static models and error-correction models are estimated explaining consumer...

Game theory predicts that players make strategic commitments that may appear counter-intuitive. We conducted an experiment to see if people make a counter-intuitive but strategically optimal decision to avoid information. The experiment is based on a sequential Nash demand game in which a...

This article reviews the discretionary fiscal policy in Germany during the economic crisis of 2008/2009. After discussing the arguments for and against a fiscal stabilization program, I discuss several features a reasonable program should have. Applying those criteria to the German fiscal...