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....

It is clear that some of the fundamental principles of the modern economic model have changed significantly over the past decades: the number of jobs with average skills is declining, and only the owners of capital receive high incomes.Technologies by themselves do not have predetermined results...

I analyze structure and function in the network design of historical regimes of China and Western Europe to build a theory for the development of societies and states from endogenous mechanisms of social change. I show how their respective network structures evolved independently but share a...

The modern social contract requires revision and updating on a number of points. The reasons can be broadly divided into three groups: economic, political and security issues. The authors investigate economic reasons, which include: the lack of an equitable distribution of the benefits of...

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...

Building on a model that integrates reforms into exogenous and endogenous growth models, this paper designs an econometric model of the interplay between economic reform measures, political decisions and economic performance. Several key hypotheses about transition are tested using two-stage...

Euroscepticism and the rise of populist parties have often been linked to economic insecurity. This paper identifies regional employment changes as causal factors for forming attitudes towards the European Union and voting for eurosceptic parties in European Parliament elections. To do so, I...

This paper looks at the economic impact of secession through the lens of the disintegration of the former Yugoslavia. It uses an econometric analysis covering the period between 1956 and 2011 – including a series of factors linked to the independence process, socioeconomic and structural...

The word ‘politics’ is typically associated with the business of governments and states, the sphere of public policy and questions of authority. The article discusses the perceptions of the European Union as a system of governance. In order to enable an enlarged European Union to function...