During the crisis, it became evident that the kind of capitalism that was becoming dominant in the developed world over the last twenty or thirty years, so-called it financial capitalism, was the cause of crisis or at least it cannot completely exculpate itself. The growth in debts, credits,...

Though men of letters have a strong impact on public opinion and articulate strong judgments on their economic environment, economic evaluations of those reflections are rather rare. This article analyses the essays of Hans Magnus Enzensberger. It is shown that one cannot distinguish between...

This paper synthesizes, in one Leontief economic model, the arguments of exploitation and unequal distribution of wealth by Roemer (1982,1986) and of the power relationship between employers and employees concerning the labor extraction by Boyles and Gintis (1988,1990). The author introduces the...

This paper presents an introduction to the concept of systems of provision (sop) and illustrates some of the core themes by applying the sop framework to the study of the financialisation of housing and water. The sop approach considers consumption to be part of a chain of activity interlinked...

Gibt es „Wachstumszwänge“? Wir definieren den Begriff relativ eng, strukturieren die diskutierten Mechanismen in sechs Gruppen und analysieren sie. Technischer Fortschritt erweist sich mit seiner Kostendynamik und „technologischer Arbeitslosigkeit“ als Hauptursache für das „grow or...

In the last decades the world changed dramatically. From a global point of view three disruptive processes are on their way which can be called revolutionary: a political, a technological and an economic revolution. This paper aims to give an overview when and how these movements started what...

Worldwide economic growth is fostered, despite its severe conflicts with sustainability and despite the tendency of secular stagnation. To study whether this fostering is 'only' a question of political and individual will or 'unavoidable' to maintain economic stability, we deliver a rather...

Ever since the emergence of economics as a distinct scientific discipline, policy makers have turned to economic models to guide policy interventions. If policy makers seek to enhance growth of an open capitalist economy, they have to take into account, firstly, the uncertainties,...

Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture is measured by indicators of individual values and beliefs, such as trust and respect for others, and confidence in individual self-determination. To isolate the exogenous...

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...