Over the last decade, workfare programmes provided support to the unemployed onlyinsofar as they were willing to accept a job. The theoretical underpinnings of these programmesare that institutional constraints prevent labour supply from adjusting to thetechnologically determined requirements of...

<p> The paper argues that the so-called canonical view of the Italian industrial district (ID)depicts it as a system whose economic and social vitality requires the interaction betweentwo major sub-systems: a community of people and a community of firms. A range ofcircumstances - including...</p>

  One of the key issues in K. Polanyi’s (1944, 1957) work is that capitalist markets maybe inconsistent with societal values. This (external) inconsistency eventually leads to areaction against the rationale of the market, what Polanyi refers to with the notion of thedouble movement. The...

<p> <font size="2"> </font>Lack of labour market flexibility has often been accounted for the low growth rates in theEuropean Union. A recent report on ”An Agenda for a Growing Europe”, better knownas the Sapir Report, discussed this issue and clearly stated the terms of the trade offbetween growth and lack of...</p>

Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to...

If we acknowledge that Adam Smith's two major works are related, we will be better equipped to appreciate the features of the economy we live in. The shift from a close-knit community to a more extensive range of economic relations, however, involves qualitative changes that question Vernon...