When discussing the employment effects of minimum wages, mainstream economic discussion as well as mainstream economics textbooks mainly center around two variations of the neoclassical model: the model of the competitive and the monopsonistic labor market. The current paper offers a different...

This paper proposes a 2-country stock-flow consistent agent-based model of a monetary union and exposes it to three supposed drivers of imbalances in the build-up to the Great Recession: unequal developments in investment, competitiveness and wages. The model has some innovative features: It...

Dieser kurze Text bietet eine kursorische Einführung in die klassische ökonomische Verhaltenstheorie, die auf der Kunstfigur des homo oeconomicus beruht. Es wird versucht die konzeptionellen Grundlagen des Modells darzulegen, die wesentlichen Intuitionen des Modells zu vermitteln und zentrale...