The extensive public sector measures in support of the financial sector have been key to managing the financial crisis that erupted in mid-2007 and intensified after the bankruptcy of Lehman Brothers. This article looks into the measures taken by central banks to contain the impact of the...

This article discusses the 2001 decision of the European Commission (EC) to block the GE/Honeywell merger, after it was approved by the Antitrust Division in the United States. The authors contend that the EC's decision reflects a rekindling of the fundamental battle between economic...

The recent GE/Honeywell skirmish between competing European and American antitrust enforcers shows that the fundamental battle between economic philosophies favoring greater concentration and (alleged) efficiency versus greater diversity and entrepreneurial opportunity is rekindling. The...

"Three trends have dominated the political economy of integration during the last two decades: globalization, economic nationalism, and regionalization. This book explores comparative regional integration, focusing on both intra-regional integration and relations among regions in the context of...

It is widely accepted that in the last two centuries, liberalism has delivered unprecedented levels of economic prosperity and freedoms to large parts of the world. But liberal history has a darker side: its failure to deliver the promise of liberty and equality to all increasingly appears not...