Jakob Kapeller

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• PhD
• Professor at University of Duisburg-Essen

This paper presents a general framework for estimating the renovation and investment requirements associated with a socio-ecological transformation of the residential sector that effectively reduces the net emissions of the residential sector (close) to zero. The framework takes ecological and distributional considerations into account and aims to...

This paper analyzes developmental trajectories in the EU. In doing so, it diagnoses economic polarization on two different levels: for one, we observe a divergence of average incomes across EU countries as a persistent empirical feature associated with European integration. For another, European economic integration in general and the introduction...

The influential position of multinational corporations in the global economy of the twenty-first century is a particularly controversial and timely subject. This paper aims to improve our understanding of this phenomenon by focusing on one particular aspect of it: corporate power. To this end, it first puts forth a number of conceptual clarificatio...

Following John et al., we provide examples of failing proxies that might help to contextualize the role of proxy failures in applied research. We focus on examples from the sociology of science and illustrate how the notion of proxy failure can sharpen applied analysis, if used in a way that does not obscure other dysfunctional effects of proxies.

In this paper, we present results from of a large-scale replication of Hodgson and Rothman's (1999, The Economic Journal, 109(453): 165-186) seminal analysis of the institutional and geographical concentration of authors publishing in top economic journals. We analyze bibliometric data of more than 49,000 articles published in a set of 30 highly in...

This paper analyzes the emergence of internal debtor-creditor relationships within a monetary union. We develop a stock-flow consistent model consisting of three regions – North, South, and the Rest of the World (RoW) –, where North and South form a monetary union. We show how the simultaneous presence of investment booms, declining export performa...

disp-quote> Reaction to L. P. Fesenfeld in GAIA 30/3 (2021): Glimmers of hope: A global Green New Deal is feasible A Green New Deal is a necessary and viable tool to halt global heating while reducing socio-economic inequalities. Yet it is important to complement currently feasible designs like a Green New Deal with the removal of the remaining str...

This paper is concerned with the problem of modelling the tail of the wealth distribution with survey data when the data does not adequately cover the tail of the distribution. In order to deal with the problem post data collection, it is standard practice to either fit a Pareto tail to the data or to combine wealth survey data with observations fr...

By studying the factors underlying differences in trade performance across European economies, this paper derives six different “trade models” for 22 EU countries and explores their developmental and distributional dynamics. We first introduce a typology of trade models by clustering countries on the basis of four key dimensions of trade performanc...

The Foundation for European Progressive Studies (FEPS) is the think tank of the social democratic political family at EU level. Its mission is to develop innovative research, policy advice, training and debates to inspire and inform progressive politics and policies across Europe. FEPS operates as a hub for thinking to facilitate the emergence of p...

Taking survey data of household wealth as our major example, this short article discusses some of the issues applied researchers are facing when fitting (Type I) Pareto distributions to complex survey data. The contribution of this article is threefold. First, we show how the ordering of the data vector is related to alternative definitions of the...

This paper studies the research interests, paradigmatic orientation and political orientation of about 700 full professors of economics at universities located in German - speaking countries. In doing so, we captured biographical and institutional information on these professorships by collecting data from personal and professional websites as well...

The Foundation for European Progressive Studies (FEPS) is the think tank of the social democratic political family at EU level. Its mission is to develop innovative research, policy advice, training and debates to inspire and inform progressive politics and policies across Europe. FEPS operates as a hub for thinking to facilitate the emergence of p...

This paper analyses the impact of technological capabilities on convergence. While looking at the relevance of differences in technological capabilities has a long tradition in economics when it comes to explaining persistent deviations in income, we provide econometric tests on the role of technology in determining convergence outcomes in a growth...

This paper analyzes the dynamics of structural polarization and macroeconomic divergence in the context of European integration, where the latter is primarily understood as an increase in economic and financial openness. In the process of estimating the dynamic effects of such an openness shock on 26 EU countries, we develop a taxonomy of European...

Jenseits der Konventionen innerhalb der Wissenschaften zu agieren, angebliche ökonomischen Sachzwänge zu hinterfragen, die neoliberale politische Ordnung und die mit ihr einhergehenden ökonomischen sowie politischen Krisen zu durchdringen – all dies ist dringend notwendig in einer Gesellschaft, in der die derzeit herrschende ökonomische Wissenschaf...

This paper surveys measures of economic openness, the latter being understood as the degree to which non-domestic actors can or do participate in a domestic economy. Based on the existing literature, the authors introduce a typology of openness indicators, which distinguishes between ‘real’ and ‘financial’ openness as well as ‘de-facto’ and ‘de-jur...

This paper discusses the uneven consequences of the macroeconomic fallout from the Coronavirus and related economic policy responses against the background of an analysis of longer-term macroeconomic divergence in the Eurozone. We show that the macroeconomic impact of the Corona crisis is estimated to be more severe in Southern Eurozone countries t...

This paper discusses the uneven consequences of the macroeconomic fallout from the coronavirus and related economic policy responses against the background of an analysis of longer-term macroeconomic divergence in the Eurozone. We show that the macroeconomic impact of the Corona crisis is estimated to be more severe in Southern Eurozone countries t...

The Foundation for European Progressive Studies (FEPS) is the think tank of the social democratic political family at EU level. Its mission is to develop innovative research, policy advice, training and debates to inspire and inform progressive politics and policies across Europe. FEPS operates as a hub for thinking to facilitate the emergence of p...

This paper analyses macroeconomic developments in the Eurozone since its inception in 1999. In doing so, we document a process of divergence and polarisation among those countries that joined the Eurozone during its first two years. We find evidence for a 'core-periphery' pattern among Eurozone countries, that is, however, marked by substantial het...

This paper is concerned with the impact of economic ideas on political processes and decision-making. We argue that economic models can serve as a transmission device between economic paradigms and policy programs, which allows actors drawing on the model to exercise power in decision-making. We illustrate this argument by focusing on the European...

Introduction: change and persistence in contemporary economics - Volume 32 Issue 4 - Jakob Kapeller, Daniel Meyer

Argument In this paper we comparatively explore three claims concerning the disciplinary character of economics by means of citation analysis. The three claims under study are: (1) economics exhibits strong forms of institutional stratification and, as a byproduct, a rather pronounced internal hierarchy; (2) economists strongly conform to instituti...

This study discusses the challenges that economic policy-makers in Europe have to cope with, in order to ensure an economically prosperous and institutionally stable community of Member States of the European Union (EU). At the analytical level, we not only document a process of multi-dimensional polarisation of EU countries, but also link the exis...

Diese Studie diskutiert die Herausforderungen, denen sich die wirtschaftspolitischen Akteure in Europa stellen müssen, um eine wirtschaftlich prosperierende und institutionell stabile Gemeinschaft der Mitgliedsländer der Europäischen Union (EU) sicherzustellen. Auf analytischer Ebene dokumentieren wir nicht nur den Prozess einer multi-dimensionalen...

By studying the factors underlying differences in trade performance across European economies, this paper derives six different "trade models" for 22 EU-countries and explores their developmental and distributional implications. We first introduce a typology of trade models by clustering countries based on four key dimensions of trade performance:...

Der vorliegende Beitrag widmet sich einer wissenschaftstheoretischen Betrachtung neoklassischer Ökonomie, die das konzeptionelle Fundament für große Teile des praktizierenden „Mainstreams“ ökonomischer Forschung stellt. Dieses Fundament wurde durch Hans Albert im Besonderen mit dem von ihm formulierten „Modell-Platonismus“-Vorwurf einer kritisch-ra...

This paper surveys existing measures of economic openness understood as the degree to which non-domestic actors can or do participate in a domestic economy. We introduce a typology of openness indicators, which distinguishes between 'real' and 'financial' openness as well as between 'de facto' and 'de jure' measures of openness, and show that this...

Citation metrics and its related indices and rankings have become increasingly important in the evaluation of research. Such indices are part of a more general tendency aiming for the simplification of complex and interconnected phenomena through quantification. The purpose of our contribution is to analyze the impact of such quantitative indices o...

Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we employ a bibliometric approach and compare the content and orientation of economic literature before and after the crisis with reference to two different samples: A large-scale sample consisting of more than 440,000 articles publis...

This paper analyzes the dynamics of structural polarization and macroeconomic convergence vs. divergence in the context of European integration, where the latter is understood primarily as an increase in economic and financial openness. In the process of estimating the dynamic effects of openness shocks on 26 EU countries, we develop a taxonomy of...

Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we employ a bibliometric approach and compare the content and orientation of economic literature before and after the crisis with reference to two different samples: A large-scale sample consisting of more than 440,000 articles publis...

This paper analyzes the impact of economic ideas on political processes and decision-making by focusing on the role and impact of the European Commission's 'potential output model'. This model represents a core pillar in European fiscal policy coordination in executing the Stability and Growth Pact, as it provides estimates for 'structural deficits...

In the wake of new digital technologies, organizations rely increasingly on contributions by external actors to innovate or even to fulfill their core tasks, including strategy-making processes. These external actors may take the form of crowds, where actors are isolated and dispersed, or of communities, where these actors are related and self-iden...

This paper analyzes the performative impact of the European Commission's model for estimating ‘potential output’, which is used as a yardstick for measuring the ‘structural budget balance’ of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years, potential output estimates promoted the build-up of privat...

This paper analyses economic developments in the Eurozone since its inception in 1999. In doing so, we document a process of economic divergence and polarization among those countries that joined the Eurozone during its first two years, which fits a typical ‘core – periphery’ pattern. We show how this polarization process first manifested in increa...

This chapter introduces a unifying approach to the micro-macro link in heterodox economics. The first section emphasizes the analytical problems that may arise from popular misunderstandings about the relationship of individual and aggregate level. This discussion illustrates why a thorough understanding of aggregation and aggregates in science is...

We study the classical bargaining problem and its two canonical solutions, (Nash and Kalai-Smorodinsky), from a novel point of view: we ask for stability of the solution if both players are able distort the underlying bargaining process by reference to a third party (e.g. a court). By exploring the simplest case, where decisions of the third party...

We study the classical bargaining problem and its two canonical solutions, (Nash and Kalai-Smorodinsky), from a novel point of view: we ask for stability of the solution if both players are able distort the underlying bargaining process by reference to a third party (e.g. a court). By exploring the simplest case, where decisions of the third party...

This paper analyzes the determinants of the European Commission’s estimates of the non-accelerating inflation rate of unemployment (NAIRU) for 14 European countries during 1985-2012. The NAIRU is a poor proxy for ’structural unemployment’: Labor market institutions − employment protection legislation, union density, tax wedge, minimum wages − under...

In the aftermath of the Great Recession, governments have implemented several policy measures to counteract the collapse of the financial sector and the downswing of the real sector. Within a framework of Minsky–Veblen cycles, where relative consumption concerns, a debt-led growth regime and financial sector confidence constitute the main causes of...

We model the academic production process understood as the creation, submission, evaluation and publication of papers: scientists produce manuscripts to the best of their abilities and try to publish them in academic journals, which rely on referees to judge the submissions. The resulting model is able to reproduce several properties of the journal...

Seit Beginn der globalen Finanz- und Wirtschaftskrise 2007 steht auch die akademische Disziplin der Ökonomie in der Kritik. Dabei ist die Ökonomie nicht nur mit dem Vorwurf konfrontiert, man hätte die Entstehung der Krise sowie die ihr zugrunde liegenden mittel- bis langfristigen Entwicklungen nicht ausreichend beachtet und antizipiert. Vielmehr wi...

In the context of unfettered international competition, free trade tends to undermine basic moral concepts such as justice, dignity, and fairness. Therefore, we suggest moving to a new understanding of markets in international trade, which we call ‘civilized markets’. A civilized market tries to ensure that free entrepreneurship and open markets ar...

Der Wahrheitsanspruch in den Wissenschaften ist ein ebenso altes wie kaum bezwing-bares Ideal. Zwar bilden im allgemeinen Verständnis Wissenschaft und Wahrheit weitgehend komplementäre Güter, sodass die Rede von der wissenschaftlichen Wahrheit oftmals unproblematisch erscheint. Allerdings ist der Anspruch auf Wahrheit-und damit auch der Wahrheitsan...

This paper analyzes the performative impact of the European Commission’s model for estimating ‘potential output’, which is used as a yardstick for measuring the ‘structural budget balance’ of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years, potential output estimates amplified the build-u...

ICAE Working Paper Series 2013/10, Johannes Kepler University of Linz

We focus on the complementarity between original institutional economics, Mario Bunge’s framework of systemism, and the formal tools developed by complexity economists, especially in the context of agent-based modeling. We assert that original institutional economics might profit from exploiting this complementarity.

Zitationsmessungen und darauf basierende Indices und Ranglisten spielen eine immer wesentlichere Rolle im Wissenschaftsbetrieb, insbesondere im Rahmen der Bewertung und Evaluierung von Forschungsleistungen. Die Etablierung quantitativer Evaluationsroutinen im Wissenschaftsbetrieb steht dabei symptomatisch für einen umfassenderen sozialen Trend komp...

It is a well-known criticism that if the distribution of wealth is highly concentrated, survey data are hardly reliable when it comes to analyzing the richest parts of society. This paper addresses this criticism by providing a general rationale of the underlying methodological problem as well as by proposing a specific methodological approach tail...

Die einkommensstärksten 1% der Weltbevölkerung sind die großen Gewinner der letzten 20 Jahre Globalisierung. Ein wesentlicher Grund hierfür sind die starken Machtgefälle, die das derzeitige System erzeugt. Betrachtet man die unterschiedlichen Versuche, die Verteilung von Einkommen und Vermögen zu erklären, so lassen sich diese grob daran untersche...

Unfettered market forces tend to violate basic universal concepts like justice, dignity or fairness. Therefore we suggest moving to a new concept of markets, which we label " civilized markets. " A civilized market tries to ensure that free entrepreneurship and open markets are eventually compatible to these basic and universal values that also ser...

Das Konzept des Fortschritts und die Entstehung politischer Visionen sind immanent miteinander verknüpft. Die Idee eines Fortschreitens der Zeit und eines damit verbundenen Wandels des sozialen Umfelds ist Vorbedingung, um politische Argumente auf Basis normativer Projektionen überhaupt denken zu können. Darüber hinaus prägen Vorstellungen vom Fort...

This paper extends the theoretical concept of wage-led and profit-led demand regimes by incorporating relative consumption concerns. Specifically, it integrates the Veblenian concept of conspicuous consumption into the Bhaduri–Marglin model by assuming that relative consumption concerns matter primarily within the working class. If in such a framew...

This article reflects on the economic development leading to the recent crisis and interprets this development as a series of events within a Minsky-Veblen cycle. To illustrate this claim we introduce conspicuous consumption concerns, as described by Veblen, into a stock-flow-consistent post Keynesian model and demonstrate that, under these conditi...

Der vorliegende Beitrag liefert eine erste Schätzung für das Aufkommenspotenzial einer Vermögenssteuer in Österreich. Möglich gemacht wurde eine solche Schätzung durch das erstmalige Vorliegen genauer Daten zur Vermögensverteilung in Österreich durch die von der OeNB erhobenen HFCS-Daten. Allerdings können diese Daten nicht vorbehaltlos übernom- me...

Based on a conception of strategy as a practice and theoretical arguments related to ‘open strategy’, this paper analyzes six cases of open strategy initiatives situated in two transnational non-profit organizations (Wikimedia and Creative Commons). With regard to openness, we look specifically at the inclusion of external actors in strategy-making...

Solidarity can be conceived in multiple ways. This article probes possible underlying ontological and normative assumptions of solidarity. In order to conceptually clarify the notion of solidarity, we distinguish between five types of solidarity. We suggest that solidarity is either grounded in the Enlightenment ideas of liberty, or a category of l...

In unserer Studie haben wir versucht, die fehlende Erfassung besonders reicher Haushalte im HFCS und die sich dadurch ergebende Verzerrung zu korrigieren. Hierfür haben wir den oberen Rand der Vermögensverteilung mittels einer Pareto-Verteilung geschätzt. Für die Schätzung dieser Verteilung wurde dabei etwas mehr als das obere Fünftel der HFCS-Date...

We argue that the main reason for the prevailing dissent in path dependence research methods is the futile attempt to capture “path dependence as a whole” within either a single-method research design or a single all-encompassing theoretical mechanism. By delineating two conceptual building blocks, path creation/emergence and positive feedback/lock...

Roughly 50 years ago, the eminent German philosopher and social scientist Hans Albert presented a critique of ‘Model-Platonism’ in economics to describe essential elements of the ‘neoclassical style of economic reasoning’. Specifically, Albert advanced a series of epistemological arguments to illustrate conceptual shortcomings in neoclassical theor...

We applaud the effort of Schubert and Cordes (2013, this journal) to contribute a model describing the social mediation of preferences and to apply their results to the more general context of economic welfare. Although we consider this topic to be of utmost importance and interest, we have found a problem in Schubert and Cordes’ argument that rend...

This paper provides an introduction to the Minsky-Veblen Cycles as a specific example of pluralist economic thinking in the context of the recent global economic crisis. It illustrates how pluralism can be applied to economic research. Specifically, the Minsky-Veblen Cycles combine three elements of institutional and post-Keynesian thought to expla...