It is common knowledge that John Maynard Keynes advocated bold government action to deal with recessions and unemployment. What is not commonly known is that modern "Keynesian policies" bear little, if any, resemblance to the policy measures Keynes himself believed would guarantee true full...

Dieser Beitrag gibt einen Überblick über den Lebenslauf von John Maynard Keynes und entwickelt darauf aufbauend folgende Thesen: (a) Keynes sah sich selbst nicht primär als Wissenschaftler, sondern als Publizist. (b) Seine "General Theory" lässt sich am besten verstehen, wenn man sie als...

Ordoliberalism and Keynesianism are not exactly known to fit hand in glove. Accordingly, the German economists Walter Eucken, head of the Freiburg school, and Wilhelm Röpke, from his Istanbul and Geneva exiles, were in near perfect agreement in their opposition to the interventionist "full...

The transition towards a more resource efficient and circular economy has broad linkages with international trade through the emergence of global value chains as well as trade in second-hand goods, end-of-life products, secondary materials and waste. Despite of the potential linkages between...

This paper examines, from a multidisciplinary perspective, plausible hypotheses for implementation of border carbon adjustment mechanisms, seen as a complement to strong environmental regulation. It highlights economic, legal, and political difficulties raised by border carbon adjustments. After...

This paper deals with the much discussed question how to design labor market policy in a global economy. The starting point of the paper is the fact that national unemployment rates differ greatly, which alludes to country-specific institutional factors being the most plausible culprit for...