This paper analyzes the origin and causes of the recent economic and financial crises, mainly for the countries located in the periphery of the European Union (EU), as well as their evolution and transformation into social, political, and institutional crises.
After explaining the differential impact of the crises on EU member economies mand critically analysing the unsuccessful orthodox neoclassical policies more
The New York Monthly Review established by Paul Sweezy and Leo Huberman in 1949 represents a unique venture in disseminating Marxist ideas in a way that has been informed by serious economic analysis. In particular it has benefited from the close relationship that Paul Sweezy had with his PhD supervisor at Harvard, Joseph Schumpeter; Sweezy’s own personal knowledge of finance through his father, who was one of five vice-presidents of the New York-based First National Bank (which eventually became Citibank); More
For the first EU experts’s discussion in 2011 Frieder Otto Wolf had elaborated a text on the „Gemeinschaftsmethode“ (Community method) and on the „Unionsmethode“ (Union method). His English text helps to understand the problems and the context as the societal consequences of the ESM treaty and of the Fiscal compact. It helps also to understand what the document „A Fundamental Law“ of the Spinelli group and the Bertelsmann foundation means and should. Please find Frieder Otto Wolfs paper here.
1. A short introduction
We have used and use our international RLF Conference on Rosa Luxemburgs “Accumulation of Capital” http://kapacc.blog.rosalux.de/2013/05/19/100th-anniversary-of-the-accumulation-of-capital-a-contribution-to-an-economic-explanation-of-imperialism-a-century-old-work-remains-current-provocative-and-eminal/ for the preparation process of the 4th EU experts’ discussion. More
According to a recent report published by the European Commission (2013:14), the global financial crisis has only temporarily stopped the economic growth of the United States (US). In fact, the average per-capita income in this country will return to pre-crisis levels during the period 2014-2023. These figures contrast strikingly with the dim forecast concerning European economies. More
The current post should show that the terms “core” and “periphery” have to be regarded in relation to an “imperial division of labour”. The term has been specifically introduced and elaborated by the Hungarian historian Ivan Berend. We have taken it from his book “History Derailed. Central and Eastern Europe in the Long Nineteenth Century” (2003), which we make use of, including quotes from it. More
This is the third of the three announced posts; it is on the dominant role of Germany in the European Union. The reason for this is easy: In the discussion on austerity policy and the “anti-crisis-policy” within the EU the extraordinarily destructive role played by Germany is, in fact, referred to and focused upon. This is certainly very understandable, but it is not sufficient. More