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Fostering energy efficiency is a prerequisite of sustainable development. A recently published Synthesis Report argues that the entire innovation ecosystem and the relationships within shall be analysed when promoting energy efficiency especially in countries like Eastern Partnership Countries of the European Union. A more systemic understanding is in order to stimulate the necessary paradigm shift towards more quali

There is no more practical thing than a good theory. Furthermore, the strong predictive power of such theory – as Milton Friedman (1953) argued[i] – is a necessary precondition to consider the given theory as an instructive one. A non-negligible proportion of prominent economists argue that forecasting is the raison d’être of the science of economics. When it comes to forecasting, we enter the sphere of not bei

In the month of the International Woman’s Day, let us remember to an extraordinarily creative and significant female scientist, to Amalie „Emmy“ Noether, who was born 134 years ago in Germany. Noether is widely considered as the inventor of a theorem of which importance is comparable to that of Albert Einstein’s theory of relativity. Without being exhaustive, and at the level of the layman, Noether’

Albeit Christmas is rapidly coming to town, let’s imagine a turkey living in a farm. The turkey feels that everything is just fine because she is in safe, gets food on a daily basis; therefore she assumes that this trend will just continue in the future. However, when Christmas comes, people cut the turkey. All the turkey’s assumptions based on path-experiences and perceptions suddenly fell apart. It turned out that

In the following, we apply complexity science to better understand the Greek situation. In doing so we first address the issue of what is the relationship between innovation activity and non-performing loans. Non-performing loans offer us a springboard to discuss the concept of short-sightedness or short termism. We argue that in an innovation ecosystem we live in, three properties should be addressed (feedbacks; sel

The 21st century started with the transubstantiation of the economic structure in the advanced world. Albeit the growing importance of services was already quite clear in the 1960s, modern services soared right after the revolution of information and communication technologies (ICT) from to the midst of 1970s. Importantly, the emerging new services economies, in which 60-80% of GNI stems from services, are pervaded b