Market Constellation Research: A Modern Governance Approach to Macroeconomic Policy (Institutionelle und Sozial-Ökonomie / Institutional and. Questo articolo non è disponibile.Market Constellation Research: A Modern Governance Approach to Macroeconomic Policy (Institutionelle und Sozial-Ökonomie / Institutional and

The objective of this reader is manifold: On the one hand, it intends to establish a new perspective at the policy level named ‘market constellations’: institutionally embedded systems of macroeconomic governance which are able to explain differences in growth and employment developments. At the polity level, the question raised is whether or not market constellations can be governed and, thus, whether institutions can be created which will provide the incentives necessary for favourable market constellations. Finally, at the politics level, the immediate question is whether (distributional) vested interests can be bared in order to explain the motivations to create certain market constellations. A promising approach to tackle this task needs to take into account different cultural backgrounds and must provide political transmission mechanisms for turning vested interests into policy.

Arne Heise is professor of Public Economics and Public Policy and Director of the Centre for Economic and Sociological Studies (CESS) at the Department of Socioeconomics, Hamburg University (Germany), and affiliated professor of Economics at the Department of Economics, Izmir University of Economics (Turkey). He is author of several books and numerous articles on macroeconomic theory and policy, regional editor of the International Journal of Public Policy and member of the editorial board of Intereconomics – Review of European Economic Policy.