Master of Arts, University Cologne, Germany, 1984. Diplom-Volkswirt, University Cologne, Germany, 1987. Doctor rer.pol., University Cologne, Germany, 1988.
Professor University Duisburg, Germany, 1992—1998. Chairman macroeconomics and institutional change Witten/Herdecke University, Witten, Germany, since 1996. Lifetime visiting professor Zhejiang University, Hangzhou, China, since 2000.
Director Institute Comparative Research on Culture and Economic Systems Witten/Herdecke University, Witten, Germany, since 1996.
Member advisory board Federation Institution for Civic Education, Bonn, Germany, since 1994. Adviser German Academy Exchange Service, 1994—2001. Member of Councils Systems and Evolutionary Economic.
Life partner Sigrun Constanze Caspary. Married Ute Elisabeth Pillath (divorced January 27, 2001). 1 child Luisa.