This chapter is about radical innovation and disruptive technological change. Discovering the nature and mechanisms of disruptive technological change can help to understand the long-run dynamics of innovation and map profound transformation in socio-economic systems. The chapter considers four...

This paper deals with the question of whether there is a relationship between Kondratieff cycles and changes in the global monetary system. We use the model of the well-known Kondratieff scientist Carlota Perez to examine this relationship. It has been observed that at the beginning of the...

Evoking Chris Freeman and following from the last book he co-authored, this WP asks why has the Phase B of the fourth long wave been so long, since the major turning point of the 1970s. As Chris's answer was the mismatch between the new techno-economic paradigm, available for decades, and the...

Vorwort – Von unerwarteten Begegnungen und ihren Folgen -- Einleitung -- Puzzlesteine einer Systemkrise -- Die systemische Perspektive -- Wir wagen einen Blick in die Zukunft -- Der Schritt in die Umsetzung -- Wohin geht die Reise?.

The concerns about population ageing apply to both developed and many developing countries and it has turned into a global issue. In the forthcoming decades the population ageing is likely to become one of the most important processes determining the future society characteristics and the...

Purpose There exist long-term fluctuations in the process of capital accumulation. The economic long wave is an essential part of research into non-mainstream western economics. After the Second World War, the capitalist world experienced the fourth long wave of expansion and then entered into a...

The present paper is an empirical exercise that contributes to the debate on whether long-lasting cyclical economic development can be viewed as a deterministic phenomenon or a stochastic process. First, we search for longer lasting, periodically reappearing cycles of GDP per capita in four...

Oft zitiert, kaum konkretisiert IBM die ökologisch-soziale Marktwirtschaft. Dies meint die Umfinanzierung der Arbeitskosten durch Ökosteuern. Konsequenterweise hiesse das: ein bedingungsloses Grundeinkommen, das aber aus der Besteuerung von Energieträgern und (Investiv-)Kapital finanziert...

Concerns about population ageing apply to both developed and many developing countries and it has turned into a global issue. In the forthcoming decades the population ageing is likely to become one of the most important processes determining the future society characteristics and the direction...

In this paper, I investigate the phenomenon of long waves of capitalist development from two perspectives. First, I look for evidence of long waves of economic growth taking the dates for turning points of long waves from the historical literature (Mandel, 1995). Using historical data for 20...

Der Begriff IT, "Information Technology" steht für den 5. und jüngsten Kondratjeff-Zyklus und damit für einen zukünftigen Boom. Gleichzeitig lässt dieser Begriff vermutlich nicht wenige Computernutzer zunächst erschreckt an die PC-Fehlermeldung denken "Bitte wenden Sie sich an Ihren...

Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long swings in the Swiss franc-US dollar foreign...

The purpose of this paper is to analyze the pattern and behavior of Economic Long Waves over time, using the long-wave chronologies of two driving economies, the USA and the UK. The statistical evidence seems in general to support the hypothesis that Long Waves are not symmetric and their...

In this study I review the main scientific contributions of Minsky and other scholars to the financial instability and crisis issues, and the role of institutions in modeling the medium and long financial and business waves. The topics developed in this paper are the following: the relationships...

The economic literature started to recognize the heterogeneity characterizing the nature of different technologies, introducing the concept of General Purpose Technologies. In this paper, we offer a new view of General Purpose Technologies, building on the historical as well as on the recent...

The economic literature started to recognize the heterogeneity characterizing the nature of different technologies, introducing the concept of General Purpose Technologies. In this paper, we offer a "new view of General Purpose Technologies", building on the historical as well as on the recent...

The paper starts by reviewing a recent contribution on long-waves, in order to recall the essential points of a theory that, better than any other, is able to explain the long term development of capitalist economies. Considering that the present technological revolution in ICT is part of the...