The world is in turmoil, the dynamics of political economy seem to have entered a phase where a return to normal cannot be expected. Since the financial crisis, conventional economic theory has proven itself to be rather helpless and political decision makers have become suspicious about this type of economic consultancy. This book offers a different approach. It promises to describe political and economic dynamics as interwoven as they are in real life and it adds to that an evolutionary perspective. The latter allows for a long-run view, which makes it possible to discuss the emergence...

The world is in turmoil, the dynamics of political economy seem to have entered a phase where a return to normal cannot be expected. Since the financial crisis, conventional economic theory has proven itself to be rather helpless and political decision-makers have become suspicious about this type of economic consultancy. This book offers a different approach. It promises to describe political and economic dynamics as interwoven as they are in real life and it adds to that an evolutionary perspective. The latter allows for a long-run view, which makes it possible to discuss the emergence...