of loosely regulated financial markets and suggests a few principles for relevant financial regulation in an endogenously …—that concerns the organisation and management of financial markets at the macroeconomic level. Such a dilemma leads to the ultimate … regulatory issue of spurring the innovation dynamics of financial markets while ensuring systemic stability and sustainability …

capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable … Schumpeterian perspectives. The nature of institutions in the growth and instability of capitalism is then explored with reference … author concludes, using institutional-evolutionary themes of political economy, that the evolution of modern capitalism is …