Economists disagree on what ails the economies of continental western Europe, which are widely perceived to be underperforming in terms of productivity and other metrics. Is it some deficiency in their economic systemin economic institutions or cultural attitudes? Is it some effect of their...

Intro -- Contents -- Contributors -- Series Foreword -- 1 Introduction -- 2 Entrepreneurship in Europe and the United States -- 3 Europe's Venture Capital Institutions Are Good Enough -- 4 Promoting Entrepreneurship -- 5 Innovations to Foster Risk-Taking and Entrepreneurship -- 6 Europe:...

The sixteen essays in this book were written to celebrate the ninetieth birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father or modern public economics. He belongs...

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a "pathological export boom" and a "bazaar effect". Excessively high wages defended by unions and the welfare state against the...