The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets –“natural rate theory”- dominated interpretations of...

Das Jahrbuch, das sich dieses Mal der Analyse der Eurokrise und deren Lösungsansätzen widmet, wird von einer großen Gruppe von Wirtschaftswissenschaftlern und Gewerkschaftsmitgliedern erstellt und bezieht gewollt eine Gegenposition zu den Gutachten der "Fünf Wirtschaftsweisen". (LK/OS: Dannert)

As states continue to struggle with the fallout of the Great Recession, the premises of neoliberal globalization come increasingly under fire. In this paper I propose that, although there is currently much discontent over the policy prescriptions available via the neoliberal model and some...