We discuss structural and institutional underpinnings of the Greek “Debt” Crisis. We suggest that Greece‟s de facto catching-up competitiveness model and strategy was misguided, short term-focused, and eventually doomed. Alongside this “model” were behaviours and attitudes that...

This essay surveys the new institutional economics, a rapidly growing literature combining economics, law, organization theory, political science, sociology, and anthropology to understand social, political, and commercial institutions. This literature tries to explain what institutions are, how...