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Abstract
In the coming years, the pension system in Germany will face financial challenges. The insurance within pension system must also be strengthened, especially given that the risk of old-age poverty has increased over the years. An effective basic pension that guarantees a minimum amount and is anchored in the pension system would be an important step in reducing poverty in old age. An effective basic pension is also an important prerequisite for implementing necessary pension reforms in Germany, such as increasing the retirement age or stronger (funded) private provision.

In the year 2000, the German government passed the most ambitious tax reform in post-war German history aiming at a significant tax relief for households. One central aim of this tax reform was to improve work incentives and, thereby, foster employment. In this paper, I estimate an intertemporal discrete choice model of female labor supply that allows to analyze the behavioral effects of the tax reform on the labor supply of married and cohabiting women over time. Using the Markov chain property, I analyze the dynamics of labor supply behavior and derive the short- and long-run labor supply effects of the tax reform.

Chapter 1: Introduction -- Chapter 2: Whatever happened to the Third World -- Chapter 3: What preceded development economics -- Chapter 4: The first generation of development economists -- Chapter 5: The second generation of development economists -- Chapter 6: Main components of the third generation -- Chapter 7: trade, globalisation and development.

Dedication -- Preface -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- 1: Political and Economic Developments, 1914-2014 -- A Bird's-Eye View -- The Great War and the Great Depression -- The Roaring Twenties -- The Great Depression -- The Outbreak of World War II -- Capitalism or Socialism? That's the Question -- Preparing for the Postwar Period: Marshall Plan -- Bretton Woods and the UN -- Affluence -- The Return of Neoclassical Economics -- Stagflation -- Slaying the Inflation Dragon -- Neoclassical Economics Takes Centre Stage -- Capitalism Riding High

From Keynes to Piketty provides the reader with an accessible and entertaining insight into the development of economic thought over the past century. Starting with John Maynard Keynes's bestseller, The Economic Consequences of Peace (1919), and ending with Thomas Piketty's blockbuster, Capital in the Twenty First Century (2014), the author explains which dramatic political and economic events changed the way economists interpreted these events, and how they revolutionized the economic science. The book contains biographies of Keynes, Schumpeter, Galbraith, Hayek, Friedman, Hirschman, North, and Piketty, alongside others, and highlights their extraordinary lives and works, anecdotes about them, and their often sharp differences of opinion. Extensive summaries of their main works provide the interested scholar and student with an accurate presentation of their contents. A must-read for all those who wonder what happened to economics during the past century, and why.