The Alchemy of Finance, a book written by George Soros (1987) on the workings of financial markets, 'has found a place in the reading lists of business schools as distinct from economics departments', according to the author (2003, 4). His theory of reflexivity, which is at the center of the...

Aaron Edlin and Dwight Jaffee point to a problem straight out of Keynes, according to Dirk Ehnts, so why not look to Keynes for the answer?

L’article étudie la Nouvelle Géographie économique (NEG) comme un développement de la Nouvelle Théorie du commerce international (NTCI). L’accent est mis sur les contributions et réflexions de Paul Krugman qui est l’initiateur à la fois de la NTCI et de la NEG. Son approche, connue...

We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis - which began in 2007 - with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been mainly...

We review the main arguments put forward against the horizontalist view of endogenous credit and money and an exogenous rate of interest under the control of monetary policies. We argue that the structuralist arguments put forward in favour of an endogenously increasing interest rate when...

This paper focuses on the links between labor market institutions and offshoring, with specific reference to the role of codetermination in shaping the international operations of German firms. We use case studies to illustrate how works councils deal with three important aspects of offshoring...

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...

Many observers consider the German 'debt brake' beyond criticism. In the current crisis, many European countries have difficulties refinancing their budgets, while the German treasury's funding conditions are most favourable. The 'fiscal compact's' call for the introduction of German-style 'debt...

The severity of the financial and economic crisis which started in 2007 cannot be understood without examining the medium- to long-run developments in the world economy since the early 1980s. The following long-run causes for the crisis can be identified: inefficient regulation of financial...

The viewpoints of 30 Cape Verdean fishermen are used together with an analysis of the state of tuna stocks in the Atlantic Ocean to question the EU's claim that their fleet only targets surplus species. Additionally, local marine catches of the artisanal and semi-industrial fleet are evaluated...