Der klassische Liberalismus hat die Sicherung individueller Freiheit zum Ziel - im politischen Liberalismus durch die Gewährleistung der Menschwürde und der demokratischen Rechte, im Wirtschaftsliberalismus durch die Sicherung der Freiheit wirtschaftlicher Aktivitäten. Mit Bezug auf...

Die offene Gesellschaft ist ein wesentlicher Kulminationspunkt der Aufklärung und basiert auf der Vorstellung, dass sozialer Fortschritt durch eine gewaltfreie, wissenschaftsgeleitete und demokratische Auseinandersetzung, über gesellschaftliche Konfliktmomente, gefördert werden kann. Während...

It is a well-known criticism that due to its exponential distribution, survey data on wealth is hardly reliable when it comes to analyzing the richest parts of society. This paper addresses this criticism using Austrian data from the Household Finance and Consumption Survey (HFCS). In doing so...

This paper discusses the role of mathematics as a conversational tool in economics. Based on the observation that mathematics is understood as an alternative language to express theoretical concepts and ideas, this paper reports experimental results trying to estimate the potential effects such...

This paper reflects on the development leading to the recent crisis and interprets this development as a series of events within a Minsky-Veblen Cycle. To illustrate this claim we introduce conspicuous consumption concerns, as described by Veblen, into a stock flow consistent Post Keynesian...

This paper extends the theoretical concept of wage-led and profit-led demand regimes, first introduced by Amit Bhaduri and Steven Marglin in the early 1990s, by incorporating relative consumption concerns. Specifically, it integrates the Veblenian concept of conspicuous consumption into a...

Pluralism is a key term in the current discourse in heterodox economics, emphasizing the need for greater theoretical integration and institutional cooperation of different economic traditions. However, both the nature of pluralism and the concrete role ascribed to pluralist thinking for the...

While many heterodox economists hope that the recent financial crisis will lead to paradigmatic change in economics, we argue that path-dependent processes and institutional factors within the economic community hinder such a change. Focusing on the citation behavior of economists in heterodox...