publication . Article . Other literature type . 2013

"Two or three things I know about her": Europe in the global crisis and heterodox economics.

Bellofiore, R.;
Open Access
  • Published: 27 Mar 2013 Journal: Cambridge Journal Of Economics, volume 37, issue 3, pages 497-512
Abstract
Europe is in the middle of an economic and social storm. Although the turmoil since the mid-2008 originated elsewhere, the European dynamics may turn the Great Recession into a full-blown Great Depression. Within this dynamics, the faulty design of the 'single currency' is a key element, together with the neomercantilist fracture dividing the 'core' of Northern Europe and the 'periphery', mostly composed of Southern European countries. The paper gives a quick reminder of what the true nature of the global crisis is (Section 2). The neoliberal Great Moderation was a paradoxical kind of financial and 'privatised Keynesianism'. The heart of the Anglo-Saxon model ha...
Subjects
free text keywords: Economics and Econometrics
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