A basic intellectual challenge for those concerned with the poverty of nations is to come to grips with the nature and causes of the wealth of the world's wealthier nations. One might then be in a position to inform the poorer nations how they might achieve similar outcomes. This paper is...

This paper analyses the evolution of the intellectual property regime (IPR), and more precisely the patent regime, in the USA since the 19th century. To do so, we consider intellectual property laws within the context of wider changes in capitalism, focusing on two main historical phases:...

This paper argues that the so-called Arab spring is part of a tectonic shift which signals the frailty of the Arab state system as such. Countries benefitting from oil and gas rents have been more resilient, because of their potential to create systems of incentives and disincentives in order to...

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...

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...

Kapital scheint sich im 21. Jahrhundert zunehmend zu konzentrieren. Dies hat nicht nur Thomas Piketty festgestellt. Daten der OECD bestätigen dies mit einer sinkenden Lohnquote in großen europäischen Ländern. Funktionale und personelle Einkommensverteilung müssen aber nicht identisch sein....

We scrutinise in this paper the systemic consequences of state intervention triggered by external shocks for the dynamics of investment in the transforming Chinese economy. Our analysis focuses on the period before and after the global crisis. We interpret investment dynamics in a comparative...

Until a few months ago, the stock market narrative in the United States could have been summarized by the popular acronym BTFD – or ‘buy the fucking dip’. Analysts and strategists, emboldened by the world’s synchronized recovery, Trump’s pro-business policies and ample liquidity,...

[FROM THE REVIEW] Nitzan and Bichler produced an exciting and rich volume situated within radical thinking. [Their book] concerns nothing less than the main pillars of economic theory [and] represents a far-reaching reconsideration of the theory of capital from a heterodox perspective.

This paper uses data from 20 OECD countries to investigate the impact of welfare state institutions (especially employment protection, wage bargaining and work incentives) on the functioning of the labour market both theoretically and empirically. It shows that the impact of welfare state...