In recent years the growth pattern of Greece has been disturbed, as this country is suffering from a persisting economic crisis that goes beyond the usual business cycle. In this paper, we develop a neoclassical growth model of market and political power interactions that explains this crisis....

The paper tests a quot;bifurcationquot; hypothesis that in much of Europe a relatively small number of firms have moved into a new institutional context, or quot;rules of the game,quot; that are largely common, international institutions and practices, while the large majority of firms continue...

Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be extended to the analysis of the economic-political effect of narratives in the context of the European core-periphery divide, which intensified after the European sovereign-debt...

Since the record-breaking sale of ‘Everydays: The First 5000 Days’ by Mike Winkelmann (better known as Beeple) most people in the art market know what an NFT (non-fungible token) is and that there is significant potential to make money with this ‘artistic movement’. ‘Everydays’...

This paper provides an up-to-date overview of the gradual development of differentiated integration and the ensuing changes in the nature of European integration. It considers the dynamics of deepening and widening of the EU and proposes the metaphor of a 'European Onion' that is designed to...

The population exchange of 1923 between Greece and Turkey consolidated the influx of more than 1.5 million refugees from Anatolia and East Thrace into Greece. In this paper, we exploit the regional distribution of refugees at the sub-prefectural level as a natural experiment in order to...

Law has to be able to respond to new or changing circumstances. This adaptability of the law may be more important than details in the law as such. However, its meaning and its significance have not yet been analysed in detail. Thus, legal adaptability will be examined in this article. It looks...

The article draws on the concepts of cultural and political embeddedness to analyse the local embeddedness of a global transnational engineering firm in transforming economies. It compares the process of the negotiations for and the acquisitions of assets undertaken by ABB in Wroclaw, Poland and...

This paper examines the evolving effects of England's Old Poor Law (1601-1834). It establishes that poor relief reduced social unrest from around the late-17th century through the turn of the 19th century, at which point it began to spur population growth and its social stability effects...