After the global financial crisis, hopes were high that there would be a pluralisation of the economics discipline and a boost for heterodox economics that challenged dominant economic models. However, mainstream economics once again proved its enormous resilience and the future of alternatives...

The capitalism John Maynard Keynes struggled to analyse was clearly an industrial capitalism in which the investor used physical capital only to end up with more money than he started with. It is particularly the post Keynesian school of 'monetary or fundamentalist Keynesianism' which elaborated...

When unemployment rates reached double-digit levels in many OECD countries at the beginning of the 1990s, fighting unemployment became the prime target of economic policy-making and a major focus of economic research1. The OECD (1994) launched a major study - the OECD Jobs Study - which...

Populism in modern Western democracies is on the rise. The existing literature concentrates on explanations based on the growing socio-economic and socio-cultural polarisation of modern societies driven by globalisation and individualisation on the one hand and the unresponsiveness of...

It can hardly be denied that perhaps the most serious challenge to mankind has not yet been addressed properly by post-Keynesianism: the over-stretching of our planetary boundaries. Most of the resources which we need to sustain our lives are non-renewable and, therefore, limited. And most of...

In a recent article, Tom Palley begins his critique of Keynesian economics with the well-known story of a drunkard who, when searching for his lost keys, looks not in the darkness of the nearby lawn where he misplaced them, but instead under the light cone of a lamp post because, when asked, he...

In seinem jüngsten Beitrag im Wirtschaftsdienst "Kein Wachstum ist auch keine Lösung - eine Kritik an Degrowth- und Postwachstumsansätzen" greift Fabian Lindner eine essenziell wichtige Debatte auf: Können die Ziele der Pariser Klimakonferenz - die Beschränkung der Erderwärmung auf nicht...

The Great Recession after 2008 did not turn out to be as deep and severe as the Great Depression of the 1930s. According to the European Commission, this positive result is due to the fact that economic policy-makers around the world learnt their lessons from the Great Depression in stabilizing...

Nur wenige Nationalökonomien sind mit eindeutigen begrifflichen Zuschreibungen versehen - die bundesdeutsche Volkswirtschaft aber ist weltweit als 'Soziale Marktwirtschaft' bekannt und gemeinhin wird diese Wirtschaftsordnung als Grundstein des wirtschaftlichen Erfolges der Bundesrepublik - in...