American commentators have criticized European leaders for failing to deal firmly and swiftly with the eurozone's sovereign debt crisis. These commentators forget the lessons of American history. The United States experienced a similar crisis following the financial panic of 1837. Eight states...

Whereas across Western Europe, the salience of an emerging cultural cleavage has triggered the rise of right-wing populist parties that focus on immigration, in Greece the salience of the materialist cleavage exacerbated by the country’s severe and protracted economic crisis gave rise to...

The existence of adequate numbers of self-employed persons is regarded as crucial for effective competition. The decline of self-employment which could be registered in all the Western industrialized countries has therefore given rise to concern. This article analyses the corresponding trends...