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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.


The MPIfG welcomes nominations for a director (political science, sociology)
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The Greek Disaster and the Future of the EMU

Costas Lapavitsas
In his lecture on May 10, Costas Lapavitsas, Professor of economics at SOAS, University of London, explores the fundamental causes of the Greek debt and public finance crisis since 2009. He shows how closely these causes are related to the functioning and policies of the EMU, particularly to the divergence of nominal unit labor costs, which is due mostly to extraordinary German wage moderation.
lectures series "One Crisis – Nineteen Points of View: The Division of the Euro Area from Its Members’ Perspective"
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