"In this revealing and eminently readable book, Geoffrey M. Hodgson takes readers on an intellectual odyssey through his distinguished career and his work as one of the leading institutional and evolutionary economists. Depicting his life throughout the Cold War, grappling with the military and...

The political, organizational, and ideological deadlock that European social democracy has gone through in recent decades is obvious and much discussed. This impasse is indirectly expressed by the weakness of social democratic parties in maintaining their electoral clientele and social base of...

This paper explains how growing inequality of wealth and asset inflation inhibits social mobility and the functioning of the labour market, whose efficiency is a key feature of macroeconomic theory and labour economics. However, because the composition of wealth differs between social classes,...

Can autocratic governments gain support by implementing a welfare reform and a repressive law? This paper studies a famous case - Bismarck's policies of social insurance and the antisocialist law in late 19th century Germany. The socialist party, I find, increases its vote share in...

"This ambitious book offers a global perspective on the nature of capitalism; its past and future possibilities of survival; the differentiation between neoliberal, authoritarian and social democratic systems, exemplified by the United States, EU and China; and the conflict relationships between...

"This book considers a central issue of our time: the relationship between the macroeconomic objectives of political parties in democratic countries and the legal framework of market economies. The impressive panel of contributors examine social democratic policies on cartels, market...