The economy, society and politics are the focus of work at the Max Planck Institute for the Study of Societies in Cologne. The Institute conducts advanced basic research aimed at developing an empirically based theory of the social and political foundations of modern economies. The researchers at the Institute are particularly interested in the interrelationship between economic, social and political processes. For example, they are investigating how markets and business organizations are embedded in historic-institutional, political and cultural frameworks, how they develop and how their social contexts change over time.
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