The Euro area is currently going through its worst period of recession and economic stagnation since the Great Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the devastating economic effects it has already had and must be...

The differences between mainstream and 'heterodox' theories and policies have become increasingly blurred, and this dynamic has also affected heterodox analyses of development. Being trapped by the primacy of the statistics-based methodological imperative, much heterodox thinking on development...