This paper examines the political consequences of introducing the welfare state targeted at blue-collar workers in 19th-century Germany. I conceptualize Bismarck's reform as an accommodation strategy to combat the socialist party as an emerging challenger party. The result of a...

The aim of this paper is to provide a conceptual and theoretical framework for the political settlement and dynamics of social contract relations in Tanzania. The political settlement approach is employed within a theoretical framework that has been developed and applied to analyse political...

The discussion of the growth consequences of socialism has fulminated for a century, sparked off by the Calculation Debate in the 1920s and 30s, and has concerned the performance of the Soviet Union in the 1950s and the mixed development in the 1990s after communism collapsed in Central and...

This paper examines the consequences of a government mimicking the policy of its competitor by studying the introduction of the welfare state in 19th century Germany. The reform conducted by the conservative government targeted blue-collar workers and aimed to reduce the success of the socialist...

Thomas Piketty is the most politically and economically important participant in the ongoing debate about the deleterious effects of income and wealth inequality. The article analyses his arguments carefully because they give Marxists an opportunity to intervene in a mainstream...

Despite the adverse effects of economic crises, incumbents often retain significant electoral support. We attribute this resilience to the intensified political returns of transfers during crises. Our context is the largest infant nutrition program in the world, implemented by Salvador Allende...

The operation of American labor markets during the two World Wars is described and the well-being of civilian workers during those years is assessed. These were periods when decentralized capitalism was replaced with a system of centralized direction and control that some would call socialism....

The purpose of this paper is to revive the historical research on the GDR's savings banks. It argues that socialist banks were interesting intermediary organizations which have so far been largely overlooked by financial, economic, and social historians. Hence, sources produced by the socialist...

Investigating the trajectories of economic nationalisms in Cold War Europe, this open access book explores the scope and limits of small (nation-)state actors pursuing and defending national economic interests in a globalizing world. In so doing, it contributes a new perspective in the economic...

The purpose of this paper is to revive the historical research on the GDR's savings banks. It argues that socialist banks were interesting intermediary organizations which have so far been largely overlooked by financial, economic, and social historians. Hence, sources produced by the socialist...

Economic systems face critical challenges, including widening income inequality, unemployment driven by automation, mounting public debt, and environmental degradation. This study introduces Economocracy as a transformative framework aimed at addressing these systemic issues by integrating...

Despite the adverse effects of economic crises, incumbents often retain significant electoral support. We attribute this resilience to the intensified political returns of transfers during crises. Our context is the largest infant nutrition program in the world, implemented by Salvador Allende...

The operation of American labor markets during the two World Wars is described and the well-being of civilian workers during those years is assessed. These were periods when decentralized capitalism was replaced with a system of centralized direction and control that some would call socialism....

Economic systems face critical challenges, including widening income inequality, unemployment driven by automation, mounting public debt, and environmental degradation. This study introduces Economocracy as a transformative framework aimed at addressing these systemic issues by integrating...

"The capitalist system has often been described by its critics as a heartless economic structure corroding social bonds and symbolic values. Its defenders and analysts likewise use narratives that position emotions as central to the economy. This book enquires into the history of these framings....

Dieser Aufsatz rekonstruiert aus ordonomischer Perspektive die Ratlosigkeit, mit der George Stigler 1979 der säkularen Ausdehnung staatlicher Aktivitäten im 20. Jahrhundert gegenüberstand. Stigler interpretierte das Staatswachstum handlungstheoretisch (als Akteursproblem) als Ergebnis von...

This article examines trends in population, labour, prices, incomes and consumption across eight Eastern European countries - Bulgaria, Czechoslovakia, East Germany, Hungary, Poland, Romania, the Soviet Union and Yugoslavia - between 1950 and 1990. It finds that, despite persistent shortages,...

Why did the socialist system that dominated Eastern European countries for much of the 20th century collapse around 1990? Drawing on the newly released wiiw COMECON Dataset and reports that the wiiw was publishing at that time, we explore whether the collapse was due to unfixable systemic flaws...

Dieser Beitrag rezensiert den außerordentlich lesenswerten Sammelband, den Richard Sturn unter dem Titel 'Joseph Schumpeter und der Staat" in der Nomos-Reihe 'Staatsverständnisse" herausgegeben hat. Zugleich wird herausgearbeitet, dass die Schumpeter Rezeption vor einer groflen Herausforderung...

In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the...

The discussion of the growth consequences of socialism has fulminated for a century, sparked off by the Calculation Debate in the 1920s and 30s, and has concerned the performance of the Soviet Union in the 1950s and the mixed development in the 1990s after communism collapsed in Central and...

The aim of this paper is to provide a conceptual and theoretical framework for the political settlement and dynamics of social contract relations in Tanzania. The political settlement approach is employed within a theoretical framework that has been developed and applied to analyse political...

This study investigates the long-term impact of socialism on economic growth, focusing on the unique case of labor-managed socialism in former Yugoslavia. By comparing Slovenia with OECD and East Asian donor countries that did not undergo postwar socialist transitions, we estimate counterfactual...

This study investigates the long-term impact of socialism on economic growth, focusing on the unique case of labor-managed socialism in former Yugoslavia. By comparing Slovenia with OECD and East Asian donor countries that did not undergo postwar socialist transitions, we estimate counterfactual...

In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the...

Purpose - Regulating and guiding the sound development of capital under a socialist system is not only a significant theoretical innovation rooted in Chinese practice by the Communist Party of China (CPC) but also a major practical exploration for the smooth progression of the party and the...

This paper explores foreign engagements of socialist enterprises in non-socialist countries during the late stage of socialism in Central Europe. It shows that, contrary to popular belief, phenomena such as Foreign Direct Investment (FDI) and Multinational Enterprises (MNEs) were relevant in the...

Dieser Beitrag rezensiert den außerordentlich lesenswerten Sammelband, den Richard Sturn unter dem Titel „Joseph Schumpeter und der Staat“ in der Nomos-Reihe „Staatsverständnisse“ herausgegeben hat. Zugleich wird herausgearbeitet, dass die Schumpeter Rezeption vor einer groflen...

Why did the socialist system that dominated Eastern European countries for much of the 20th century collapse around 1990? Drawing on the newly released wiiw COMECON Dataset and reports that the wiiw was publishing at that time, we explore whether the collapse was due to unfixable systemic flaws...

This article examines trends in population, labour, prices, incomes and consumption across eight Eastern European countries - Bulgaria, Czechoslovakia, East Germany, Hungary, Poland, Romania, the Soviet Union and Yugoslavia - between 1950 and 1990. It finds that, despite persistent shortages,...

Interest in socialism is growing throughout the world. But "socialism" too often simply means belief in equality, democracy, and solidarity with working and oppressed people. That vision remains crucial; but we also need to re-develop the theory of a socialist system -not just a middle path, a...

Operating through digital platforms, the digital economy has flourished, becoming the core driver and new motive force of economic growth and demonstrating its advantages in terms of scale, effectiveness, and penetration. Nevertheless, the digital economy, as an important element in the...

1. Introduction: Werner Sombart and the "Spirit" of Modern Capitalism -- 2. Sombart and the "Spirit" of Modern Capitalism-1900-1910 -- 3. Sombart and the "Spirit" of Modern Capitalism-1910-1920 -- 4. Sombart and the "Spirit" of Modern Capitalism-1920-1930 -- 5. Sombart and Modern Capitalism-The...

For over a generation, the collapse of communism in the Soviet Union and Eastern and Central Europe delegitimized the abolition of private property in the means of production and the practice of central planning as an effective way to achieve the ends of socialism. However, the aspiration of...

A vision of universalised human freedom, equality, security and democracy emerged in the wake of the Scientific Revolution and the Enlightenment, the British Industrial Revolution, and the French Revolution. This vision, not even approximately practicable at the time, is now well within reach. A...

Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was often seen as a reformist that intended to preserve the...

This paper examines the consequences of a government mimicking the policy of its competitor by studying the introduction of the welfare state in 19th century Germany. The reform conducted by the conservative government targeted blue-collar workers and aimed to reduce the success of the socialist...

Purpose - In the new development stage of comprehensively building a socialist modern state, it is imperative to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, comprehensively summarize China's practical experiences in economic development,...