A History of European Economic Thought

A History of European Economic Thought grafts the history of economic thought onto Global History by showing how significant economic ideas have influenced the process of Europe’s formation from the very beginning to the present day. This work combines two classical stories that until today have followed parallel paths. On the one hand, there is the political history of Europe, which is often limited to a few fleeting references to the ideas of the great economists of the past. On the other hand, there is the history of economic thought, which examines Europe as a whole, as a distinct supranational community, only with reference to the institutions created after World War II. The volume sheds light on the constitutive values of Europe, which also stem from a particular economic culture, and provides essential reading for students and scholars of the history of economic thought. Cover Half Title Title Page Copyright Page Dedication Table of Contents Towards a Global and Comparative History of Economic Thought Notes 1 Medieval Economic Thought and the Birth of Europe Introduction The Long Conception of Europe Until 1250 Scholastic and Byzantine Economic Thought The Birth of Europe in 1453 In Short Notes 2 Mercantilism and Physiocracy in the Making of a Europe of Absolute Monarchies (1517–1776) Introduction The Disintegration of Christian Europe Mercantilism and Despotic Absolutism in Westphalian Europe Physiocracy and Enlightened Absolutism in the European Republic of Letters In Short Notes 3 Classical Political Economy and a Europe of Liberal Nation-States (1776–1870) Introduction Revolution in Europe and Resurgent Nationalism Classical Political Economy and Nascent Liberalism A Europe of Liberal Nation-States In Short Notes 4 Neoclassical Economics Vs. Etatism and a Europe of Empires (1871–1918) Introduction The Decline of Liberal Europe Neoclassical Economics and Etatism The Common and Distinctive Features of Neoclassical Economics The Two Faces of Etatism A Europe of Empires at War In Short Notes 5 Neoliberalism(s) and Corporatism: A Europe of Sovereign Nations and Its Failure (1919–1943) Introduction The Paris Order and the Divergent Critique of Keynes and Mises Business Cycles and the Great Depression: Hayek Vs. Keynes and Röpke’s Synthesis Europe Towards the War Between Neoliberalism, Keynesianism and Corporatism In Short Notes 6 The Invention of Functionalism and the “Separated Unification” of Europe (1944–1973) Introduction The Two Europes in the Yalta and Bretton Woods Order The Rise of Keynesianism and Marxism and the Invention of Functionalism The Marshall Plan and the Separated Unification of Europe In Short Notes 7 Decline of Etatism, Rebirth of Neoliberalism and United Europe (1974–2007) Introduction The Crisis of Keynesianism and the Collapse of Marxism The Rebirth of Neoliberalism The Enlargement of the EEC and the Establishment of the EU and EMU In Short Notes 8 Crisis of Neoliberalism, the Greatest Recession and Unfinished Europe (2008–) Introduction The Great Recession of 2008 and the Last Obstacle to European Unity The Economic Trilemma Becomes a Political Trilemma The Crisis of Neoliberalism, the Pandemic Shock and the Recovery Plan In Short Notes Conclusion Bibliography Index "A History of European Economic Thought grafts the history of economic thought onto Global History by showing how significant economic ideas have influenced the process of Europe's formation from the very beginning to the present day. This work joins together two classical stories that until today have followed parallel paths. On the one hand, the political history of Europe, which is often limited to a few fleeting references to the ideas of the great economists of the past, and, on the other hand, the history of economic thought, which looks at Europe as a whole, as a distinct supranational community, only with reference to the institutions created after World War II. The volume contributes to shedding light on the constitutive values of Europe, which also stem from a particular economic culture. It provides essential reading for students and scholars of the history of economic thought. Antonio Magliulo is Full Professor of History of Economic Thought at the University of International Studies of Rome, Italy"-- Provided by publisher