This important book goes beyond generalizations and takes a hard-headed look at the real strengths and weaknesses of Keynesian demand management and supply side economics. Keynesianism has failed to reconcile high levels of competitiveness with full employment. This was confirmed in the 1980s by...

AbstractIn recent years, parallel trends of organizational restructuring have become manifest among trade unions. Sharing similar experiences of stagnant membership and falling density rates, coupled with structural shifts in employment from industry to services and a growing pressure to attend...

In most rich democracies one finds a tendency for the share in public finance that is available for discretionary spending to shrink. This is because tax revenues do not keep pace with simultaneous increases in fixed expenditures and growing pressures for fiscal consolidation. The present paper...

The 'financial crisis' and its sequel, the current sovereign debt crisis, appear to be the latest permutations of an old conflict between capitalism and democracy that forcefully reasserted itself after the end of the postwar growth period. Today's calamities were preceded by high inflation in...

AbstractEuropean industrial relations are rapidly internationalizing; internationalization, however, is not necessarily de-nationalization. Even as European integration accelerates, national politics and industrial relations will remain the principal arenas for the social regulation of work and...

Europe will not turn into a federal state. As a consequence citizenship in Europe will remain nationally based. Due to the joint commitment of European Union member states to the freedoms of a common market, national citizenship regimes have become accountable to supranational rules, obliging...