"This time is different" is the title of a contentious book by Carmen M. Reinhart and Kenneth S. Rogoff (2011). For fully seven years, an accumulation of adverse effects has been grounding international businesses, countries and their politics, mostly in Europe. Some of the disastrous...

"This time is different" - so lautet der Titel des umstrittenen Buches von Carmen M. Reinhart und Kenneth S. Rogoff (2011). Eine Häufung von retardierenden Einflüssen lähmt nun schon sieben Jahre die internationale Wirtschaft, die Gesellschaft und die Politik vieler Länder, vor allem...

The ongoing crisis, enveloping in particular the European finance system, is in danger of becoming embedded. Reticent productive investment due to underutilisation and grave uncertainties, budget cuts everywhere, including education and research, growing resistance to reform, a prevalence of...

The credit crunch and economic crisis have shaken the very foundations on which economists build their science. Economic scientists have renewed their efforts to find a new fundamental understanding of the economic system and create more suitable models to analyse future developments, especially...