Giorgos Meramveliotakis

Neapolis University · Department of Economics & Business

To meet the ongoing energy crisis, the European Union has developed a toolbox to address the supply and demand side of energy resilience. Regarding the latter, policy instruments and actions aim exclusively at households and businesses’ energy consumption (i.e. indoor lighting), leaving aside any consideration for outdoor lighting, especially munic...

In this article, I propose a reading of Marx’s theory of money and credit through his concepts of fetishism and alienation. Such a reading provides us with a theoretical apparatus, useful to understand key dynamics of contemporary capitalism. Particularly, the concepts of fetishism and alienation do not only provide a key to understanding the curre...

This article aims to provide some broad strokes towards an analytical and methodological framework for the analysis of sustainable development. This is done by calling sustainable development's scholars to return to the multilayered legacy of the classical political economy and conceive sustainable development in both historical and transhistorical...

The aim of this article is s to show that contrary to the common parlance and to the widespread belief that treats small business as “the backbone of the economy”, in the sense of being the prime motor of wealth and prosperity, therefore the underlying logic is what is good for small business will also help government achieves overall economic poli...

he purpose of this article is to review the methodological and analytical foundations of the New Institutional Economics by implying a critical comparison with the Neoclassical and (old) Institutional Economics. After a discussion of the fundamental definitions and concepts of the New Institutional Economics, I turn to the critical comparison with...

The aim of this paper is to sketch out the idea for a grand theory in development studies as the necessary research field for fruitful historical interdisciplinary , arguing that Mill’s stage theory provides such a powerful theoretical framework able to contextualize, develop, and integrate the multiple, diverse, and middle-range contemporary stran...

In recent years the concept of “institutions” has become central in scientific and political discourse. This reflects an increasing awareness of the role of institutions in the functioning of economies and in economic development more generally. Many of the catchphrases articulated within new institutional economics such as “institutions”, “organis...

This article scrutinises and criticises the notion of efficiency and the role of state in the emergence and evolution of institutions and property rights within the tradition of new institutional economics. Specifically, the attempt is to criticise the efficiency view of the formation of property rights and institutions. It is shown that the effici...

The purpose of this paper is to appraise the analytical usefulness of Williamson's theory of the firm by investigating the explanatory capacity of transaction cost concept. Particularly, the aim is to criticize Williamson's main tenet that the emergence of the hierarchical form of capitalist production system can be analysed in terms of efficiency...

This article explicitly deals with and scrutinises what can be perceived to be the core analytical issues and methodological concepts of new institutional economics. New institutionalism seeks to explain not just the origins and evolution of institutions of capitalism, but more generally the scope of the theory is supposed to be universally applica...

Ronald Coase's famous Theorem states that externalities - third-party effects of transactions that undermine the supposed optimality of competitive equilibrium - do not need to be corrected by active government policy, as in the classical presentation by A. C. Pigou, if there are complete markets in property rights. This Theorem, however, is inhere...

This article challenges some fundamental propositions of property rights theory by revealing the inability of new institutional economics to fully grasp the notion of property, as reflected in its narrow and problematic definition of property rights. The concept of property relations is proposed as better suited to capture the social and institutio...

The purpose of this chapter is to determine the competitiveness, exercise of entrepreneurship and quality of the business environment in Greece, based on the analysis of the motives and barriers of inward foreign direct invest-ment (FDI) for the period 1995-2003. The analysis was based on research that was carried out using a questionnaire, which w...

The purpose of this article is to appraise the analytical usefulness of the new institutionalist approach by investigating the explanatory capacity of the transaction cost concept. After a discussion of the problems of defining the concept of transaction costs through the identification of three different uses of the term found in the literature, w...