Imagination is more important than knowledge, but if intellect does not provide the needed logical structures, capacities for envisioning new possibilities are overly constrained. The sustainability problems we face today cannot be solved with the same kind of thinking that created them, but...

It is shown that the evolution of modern developed societies results into reduction of the role of centralized governance as well as economic and political competition, whereas the role of collaboration mechanisms is growing. This process is supported by cultural changes: increasing trust,...

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 business and financial waves. The topics developed in this paper are the following: the relationships...

[Part I] The leading part of this volume, authored by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of...

The notion of plan coordination enjoys a central place in the analysis of institutions and competitive market processes. The conventional wisdom is that institutions and policies vary in the extent to which they promote competition and how quickly and completely they bring individuals’ plans...

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...

Goal-oriented transformative change processes - that is, system-transforming processes that are guided by the ambition to resolve current or expected future societal challenges of various kinds - can only start once possible goals are considered by key stakeholders and the relevant actors are...

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 purpose of this work is the study of the institutional transformation problem in the Forest industry of Irkutsk province, determination of the most prospective ways of reforming of the Forest industry in the context of local institutional structure transformation, determination and...

Goal-oriented transformative change processes - that is, system-transforming processes that are guided by the ambition to resolve current or expected future societal challenges of various kinds - can only start once possible goals are considered by key stakeholders and the relevant actors are...