"Aus der Analyse von Validitätsmängeln herkömmlicher marktlich-monetärer Erfolgsmaße in ihrer möglichen Eigenschaft als Wohlfahrtsindikatoren wird das Konzept eines Sozialindikatoren-Systems zur Bestimmung und empirischen Ermittlung multidimensionaler Erfolgs-Konstrukte entwickelt. Für...

More realistic economics has to start out from the most basic socio-economic phenomena and processes, i.e. dilemma-prone interdependencies and strong uncertainty among agents that have become ubiquitous phenomena in the world today. In the reality of the “new” economy these are represented...

Many regions have experienced long-run economic fluctuations generated by the life cycles of their dominant industrial clusters. During the downswings in the 1970s and 1980s, proactive structural policies were typically launched in German regions to combat job losses in their core clusters and...

This keynote reflects on the phased-out original neoclassical research program and the dominance of originally heterodox issues and questions, all beyond the ‘optimality and equilibrium of the market economy’, in modern cutting-edge economic research. This provides opportunities for...

Analysis of the responses of Bremen and Hampton Roads to cutbacks in military spending illustrates how conversion planning—and economic development planning generally—are embedded within a sociopolitical context. This context is largely determined by the regions’ industrial...

We develop a formal approach to the emergence of institutionalized trust in the context of the evolution of cooperation, with a particular focus on the relevance of the size dimension of this process. While trust in general has been widely investigated, as has the size dimension of structural...

The Theory of Institutional Change as elaborated by P.D. Bush in the tradition of Veblen, Ayres and J.F. Foster provided an important device for analysis, with its clarification of the <i>value bases</i> and of forms and dynamics of <i>value-behavior patterns.</i> Bush pushed institutionalism to a certain...

Policy implications of complexity economics (CE) are investigated. CE deals with “Complex Adaptive (Economic) Systems” [CA(E)S], generally characterized by mechanisms and properties such as “emergence” of structure or some capacity of “self-organization”. With this, CE has manifold...