The socioeconomic development of most European countries has been largely shaped by social dialogue, by negotiations between employers and workers representatives. To that respect, Belgium has played a pivotal role. The Belgian post-WW2 institutions, aimed at fostering social dialogue, are often...

In Belgium as in France, the period between the wars was marked by a monetary stabilization in 1926 and a devaluation in the middle of the 1930s. This article compares the context and the consequences of these apparently similar exchange rate policies. The economic consequences of the...

For more than half a century, Gross Domestic Product (GDP) has been viewed as the dominant indicator of economic and social progress. Its visibility and increasingly widespread use have contributed to the incorrect identification of economic growth (that is, increased GDP) with improved...

We present a simple mathematical model for the transition to a sustainable economy in order to explore the long-run evolution of an economy that achieves environment protection, full recycling of material resources and limitation of greenhouse gas emissions. The main concern is to investigate...

Toward the end of his academic career Professor L.H. Dupriez, whose memory this volume honors, became increasingly concerned about the way in which the discipline of economics was developing. He rejected a definition of the subject too constrained by methodological strictures and encouraged his...