In 1975 Niels Thygesen, together with eight other economists - one of us among them - published in The Economist a "manifesto" proposing a new common currency for Europe (Basevi et al., 1975). His co-operation on this subject was pursued within a smaller group, and resulted in the publication of...

"The last few decades have witnessed the emergence of economic imbalances at the world level and within the euro zone. The failure of mainstream economics to accurately predict financial crises, or model the effects of finance-led growth, highlights the need for alternative frameworks. A key...

Preface : the red blanket -- And the weak suffer what they must -- An indecent proposal --Troubled pilgrims -- Trojan horse -- The one that got away -- The reverse alchemists -- Back to the future -- Europe's crisis, America's future -- Afterword : from dissonance to harmony