Die zentrale Fragestellung dieses Buches behandelt das Problem, wie neu erzeugtes Wissen aus dem System der Wissenschaft in das ?konomische System gelangen und dort wertsch?pfungsgenerierend appliziert werden kann. Der Handlungsspielraum bzw. die Nutzung neuen Wissens im Wirtschaftssystem sollte...

What causes distinct trajectories of market development? Why did the modern market economy, characterized by impersonal exchange, first emerge in the West? This paper presents a theory of market development and evaluates it based on the histories of England, China, and Japan. The analysis...

In the vast body of development theoretical knowledge one element has been of a considerable longevity: the abstraction of a Gross Domestic Product to represent a given economic entity. This paper suggests approaching the history of development thinking by traveling with the GDP through this...

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...

This paper compares trends in key economic, political and social development outcomes in the Philippines with those of Latin America, particularly since the 1990s. To do so, it uses standard indicators of development, including measures of institutional quality and good governance. The paper...