This paper presents a general framework for estimating the renovation and investment requirements associated with a green transformation of the residential sector that effectively reduces the net emissions of the residential sector (close) to zero. The framework takes ecological and...

This paper analyses the emergence of internal debtor-creditor relationships within a monetary union. Developing a stock- ow consistent model consisting of three regions - North, South, and the Rest of the World (RoW), where North and South form a monetary union - it shows how the simultaneous...

This paper analyses the emergence of internal debtor-creditor relationships within a monetary union. Developing a stock- ow consistent model consisting of three regions - North, South, and the Rest of the World (RoW), where North and South form a monetary union - it shows how the simultaneous...

Economic modeling struggles often with a lack of realism. The reason for that is that economic theory for the last 100 years has focused on simplifying assumptions which reduced important aspects of the economic reality. Concentrating on fix-point solutions and external statistical shocks...

Dieser kurze Text bietet eine kursorische Einführung in die klassische ökonomische Verhaltenstheorie, die auf der Kunstfigur des homo oeconomicus beruht. Es wird versucht die konzeptionellen Grundlagen des Modells darzulegen, die wesentlichen Intuitionen des Modells zu vermitteln und zentrale...

This paper analyzes developmental trajectories in the EU. In doing so, it diagnoses economic polarization on two different levels: for one, we observe a divergence of average incomes across EU countries as a persistent empirical feature associated with European integration. For another, European...

Der klassische Liberalismus hat die Sicherung individueller Freiheit zum Ziel - im politischen Liberalismus durch die Gewährleistung der Menschwürde und der demokratischen Rechte, im Wirtschaftsliberalismus durch die Sicherung der Freiheit wirtschaftlicher Aktivitäten. Mit Bezug auf...

Die offene Gesellschaft ist ein wesentlicher Kulminationspunkt der Aufklärung und basiert auf der Vorstellung, dass sozialer Fortschritt durch eine gewaltfreie, wissenschaftsgeleitete und demokratische Auseinandersetzung, über gesellschaftliche Konfliktmomente, gefördert werden kann. Während...

At its core, the discussion on the micro-macro link in heterodox economics is concerned with the correct treatment of aggregates and aggregation in social theory. In this chapter we survey heterodox approaches to the micro-macro link with a focus on shared understandings and convictions that...

This paper provides a comprehensive overview of the ongoing debate on global income inequality. It shows that global income inequality is a valuable analytical concept that significantly enhances our understanding of global economic dynamics. By addressing key methodological issues in the...