The “great capitalist transformation” in the East was characterized by general
forced “privatisations” in a very opaque and unprecedented context. It had to
radically transform the role of money and markets in the whole economy to
permit capital accumulation while getting rid of the existing forms of social
protection and income within the big factories—the core of the bureaucratic
system of production and distribution. More
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
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
See few tables illustrating the inequality in the European Union and in the European countries.
Starting by reminding you on our „First Thoughts“ from December 2013 we should like to repeat (or to explain) the following points:
1. The workshop in October 2014 will be the fourth in a series of EU experts’ discussions oriented towards elaborating political-economic analyzes which can help us to understand current societal reality More
Globalization is probably the most often used term in social sciences nowadays. Several colleagues, however, maintain that there is nothing new in globalization. The entire early modern and modern history were periods of permanent development of globalization, especially after the discoveries, building colonial empires, later railroads, and establishing laissez-fair system an the international gold standard. The world, no doubt about it, became more international, if you want global all the time. More