This paper, inspired from the entry into force of the European Monetary Union, is a reflection on the issue of Europe, political economy and its history. Are recalled a few highlights of economic history and the history of political economy, which coincide with periods of major transformation of...

This article examines the history of economic thought and cross-border agreements in Europe. The work of early scholars such as Adam Smith and David Ricardo provides an insight into the benefits of trade. Additionally, David Hume’s description of fundamental laws shows the necessity of...

‘Eurasia' seems to be a relatively clear concept in terms of physical geography, but much less so for social sciences. While the word ‘Eurasia' is constantly used in various contexts (more today than twenty years ago), the specific notion of what it actually means is unclear. According to...

We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets, and 1920-1939, documenting the official debt hangover in advanced economies that was created by World...

This paper presents an institution - the Community Responsibility System (CRS) - which has been a missing link in our understanding of market development. The CRS fostered market expansion throughout pre-modern Europe by providing the contract enforcement required for impersonal exchange...

Ogilvie's The European Guilds is a major contribution to economic history and institutional economics. This review essay surveys the main contributions of Guilds, locating it in a long-standing debate over whether craft guilds contributed positively or negatively to economic development in...

Higher education contributes to economic innovation. This study measures and compares the extent to which national governments' policies foster this contribution across Europe. The study stresses the relevance of policies which are 'empowering' for higher education institutions, or in other...

Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic growth. For that purpose higher education must strengthen its innovative power in entrepreneurship education and by focusing research more on societal problems, while being better...

Small and medium-sized enterprises are a centrepiece of Europe?s economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...

Am 18. und 19. Juni 2001 fand in Kopenhagen die 51. EUROCONSTRUCT-Konferenz statt. Im Mittelpunkt standen aktualisierte Prognosen für den europäischen Bausektor, wobei wiederum 15 west- und vier ostmitteleuropäische Staaten einbezogen wurden. Im Ergebnis zeigte sich, dass 2001 für Europa...