This paper examines the validity of economic thoughts of Karl Marx and John Maynard Keynes for the present time. The paper compares Marx and Keynes, and aims to show that the difference in treatment of the major economic issues between them is not as significant as one may expect. Marx and...

In this paper we wish to suggest that: "obsession" with competitiveness and trade openness, together with "hands off" type of economic policy, may hardly lead a country towards "real income" convergence on her long-run development path. Moreover, such an obsession may have deflationary impact...

Long term prospect and perspective of well-being of the enlarged Europe depends to great extent form the efficiency of convergence process between wealthy and more or less (relatively speaking) poor members of the EU. Mainstream economic dogma speaks in favor of trade liberalization and...

Until two years ago the majority of the world and the EU distinguished economists were convinced that the EU may proceed more quickly and efficiently forward into a brighter future abolishing Keynesian macroeconomic management and the welfare state and bringing back "flexible markets" following...

The purpose of this research is to recommend theoretical and program basis for the new economic policy for the purposes of overcoming the recession and enabling the recovery of production in the Croatian economy. Furthermore, the goal is to show that the results of this study provide the...