In the European Union, unemployment rates differ markedly across regions, both within and across nations. This study … presents a coherent theoretical approach to explain the emergence and persistence of such regional unemployment disparities …

participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium … explained by different market constellations which are characterised by different sets of institutions. political and cultural …