In mainstream economics cultural differences, habits and mind-sets are considered to be reflected in the institutional setting.
Looking Back to the Future: Time Strata and Economic Analysis
Artikel in Journal of Contextual Economics
Institut der deutschen Wirtschaft (IW)
In mainstream economics cultural differences, habits and mind-sets are considered to be reflected in the institutional setting.
To reintroduce historical time, we combine the concept of path dependency with the concept of time strata; instead of explaining a fact isolated from its historical conditionality, the perspective moves from a contemporary phenomenon to several paths incorporated in it and questions their time-differentiated interlocking, mutual influence and conditioning. At the same time, the direction of the perspective changes: the path is analysed from today to yesterday. We use this approach to explain the particular current economic situation in Germany: namely, the strength in manufacturing and in global exports.
Michael Hüther: Looking Back to the Future – Time Strata and Economic Analysis
Artikel in Journal of Contextual Economics
Institut der deutschen Wirtschaft (IW)

„Es fehlt der wirklich große Wurf”
Wie die Wirtschaft in Deutschland wieder in Gang gebracht werden kann, erklärt IW-Direktor Michael Hüther im Interview mit FOCUS MONEY.
IW
Konjunktur in der Schockstarre
Die deutsche Wirtschaft leidet unter einem schockbehafteten Umfeld. Neben den geoökonomischen Krisen strapazieren hartnäckige Kostenschocks sowie die globale Nachfrageschwäche. Die Weltwirtschaft legt in diesem Jahr mit 2 ½ Prozent nur schwach zu. Dies bekommt ...
IW