In 2000 the European Union adopted its motto, of “Unity in diversity”. But in fact, economic policy regimes differ among member states and the people are not willing to leave the current path or to vote for painful political actions. In the midst of the present crisis, Europe is at the...

The Impact of Keynes on Economics in the 20th Century reconsiders the nature and significance of Keynes’s theories and economic policies. It provides important contrasting interpretations of Keynesian thought, and illustrates the diversity of Keynesianism in different European countries...

The influence of political developments on the evolution of economic thought is the main theme behind this book. As the authors reveal throughout the book, history has shown many times that political events can trigger the formulation of new economic conceptions that in turn influence the future...

The Cambridge debate of the 1960s showed conclusively that the aggregation of capital, so as to obtain a surrogate production function according to Samuelson, is not possible in general, with critical implications also for other variants of neoclassical theory. The framework for the...