This chapter delineates an evolutionary approach to the comparative analysis of economic systems and illustrates its usefulness via an exemplary application to recent developments in the European Union. The first part of the chapter describes the meta-theoretical foundations of the approach,...

Referring to economic ideals of efficiency and equity, we are comparing the state of the Swedish economy in the early 21st century to the situation in other countries, especially the other Nordic countries, the United States (US), and Poland. After presenting the basic facts about Nordic...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

This paper investigates the long first decade of reform in China (1978-1992) to show that Mises, in particular his initiating contribution to the Socialist Calculation Debate, became relevant to the reconfiguration of China's political economy when the reformers gave up on the late Maoist...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

This paper deals with the effects of labour market institutions on labour market performance. We analyse as an indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to keep employment constant). We show for a sample of 17 OECD...

This paper deals with the effects of labour market institutions on labour market performance. We analyse as an indicator for the labour intensity of output growth the employment threshold (the minimum growth rate of output necessary to keep employment constant). We show for a sample of 17 OECD...

This article analyzes the institutional architecture and the level of similarity between the social protection system in 11 new EU member states from Central and Eastern Europe and chosen Western European countries, representing four different models of capitalism identified by Amable. In the...

Objective: Need for the new economic model has been realized at the international level, as numerous and significant flaws have appeared in both two systems capitalism and socialism, which are becoming a great cause for economic crises in almost every economy of the word, in this regard, this...

I propose and test a bottom-up channel through which trust between parties to an exchange can go on to affect comparative economic development of societies as a whole. My approach revolves around the autonomy that employers (principals) grant to workers (agents), which is a key feature of...

1. Introduction; Jorge Alvarez and Svante Prado -- Part 1. Latin America and Scandinavia -- 2. Latin American and Nordic countries: a renewed tradition of comparative studies; Jorge Álvarez, Luis Bértola and Jan Bohlin -- Part 2: Trade, industrialisation and growth -- 3. Foreign trade and...

Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...

Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...

This paper discusses how economic systems can be described by the manner that property rights are allocated to individuals, to the government, or to interests groups. Property rights entail control of use of assets, claim on the net income from an asset, and transferability of the previous two....

Governance of economic and political activities both by private and public institutions is an important source of economic development apart from the conventional sources such as technological progress, capital accumulation and endowment of resources of a nation. China and India are the two...

Collective bargaining has come under renewed scrutiny, especially in Southern European countries, which rely predominantly on sectoral bargaining supported by administrative extensions of collective agreements. Following the global financial crisis, some of these countries have implemented...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

This book is written in honor of Horst Brezinski and explores a wide and diverse range of topics related to comparative economic studies. Containing contributions from a number of former Presidents of the European Association for Comparative Economic Studies, the chapters discuss the hard budget...

Chapter 1: Introduction - European Comparative Economic Studies: Thirty Years After -- Part 1: Political Economy in Comparative Studies -- Chapter 2: The political economy of socialism revisited -- Chapter 3: The development of thinking on the Czechoslovak economic transformation -- Chapter 4:...

"The recognition is growing: truly addressing the problems of the 21st century requires going beyond small tweaks and modest reforms to business as usual-it requires "changing the system." But what does this mean? And what would it entail? The New Systems Reader highlights some of the most...

Chapter 1: Introduction to the Handbook of Comparative Economics -- Part 1: Evolution of the Field of Comparative Economics Systems -- Chapter 2: A Historiography of Comparative Economics -- Chapter 3: The Soviet Economic System: An Archival Re-Evaluation -- Chapter 4: Institutions,...

This book aims to define comparative economics and to illustrate the breadth and depth of its contribution. It starts with an historiography of the field, arguing for a continued legacy of comparative economic systems, which compared socialism and capitalism, a field which some argued should...

This study reports on the status of Comparative Economics Systems (CES) courses in the U.S. undergraduate economics curriculum. The treatment of CES topics in introductory courses is examined through a survey of standard textbooks; findings indicate that the education of American students is...

Existing literature suggests that either colonial settlement conditions or the identity of colonizer were influential in shaping the post-colonial institutional environment, which in turn has impacted long-run economic development, but has treated the two potential identification strategies as...

Twenty-five years after the collapse of the Soviet Union, we reflect on contemporary teaching of undergraduate comparative economic systems (CES). Using qualitative and quantitative measures, we consider how the field responded to the collapse by examining CES textbooks from the 1980s, 1990s,...

There are several Islamic modes and techniques of financing as alternatives to interest based financing. Each of these techniques has different economic implications for those who provide the finance and for those who use the finance. This paper presents some economic dimensions of the major...