Godechot et al.:
How to Make a Deal. Rankings & Personal Ties in the M&A Market
MaxPo Discussion Paper PDF
Exploring the social and political foundations of modern economies
The Max Planck Institute for the Study of Societies conducts basic research on the governance of modern societies. It aims to develop an empirically based theory of the social and political foundations of modern economies by investigating the interrelation between economic, social and political action. Using primarily an institutional approach, it examines how markets and business organizations are embedded in historical, institutional, political and cultural frameworks, how they develop, and how their social contexts change over time. The institute seeks to build a bridge between theory and policy and to contribute to political debate on major challenges facing modern societies.more
Wolfgang Streeck: How Will Capitalism End? Essays on a Failing System
Capitalism is in critical condition. Growth is giving way to secular stagnation, inequality is leading to instability, and confidence in the capitalist money economy has all but evaporated. In his new book
How Will Capitalism End?, Wolfgang Streeck, an observer of contemporary politics and economics, argues that capitalism’s shotgun marriage with democracy that began in 1945 is breaking up because the regulatory institutions restraining its advance have collapsed.
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