Journal of Economic Studies: Volume 26 Issue 4/5

The role of the state in economic growth

Erik S. Reinert

This paper attempts to trace and describe the role played by the government sector – the state – in promoting economic growth in Western societies since the Renaissance. One…

Nation, State and Economy: Mises’ contribution

Leland B. Yeager

This essay offers a review of von Mises’ classic Nation, State and Economy(1919). It focuses specifically on the contexts of liberty, the issue of language and nation.

Monetary policy and the definition of money: Implications for the European Monetary Union

Peter R. Senn

The focus of this paper is the economic theory of the plans for the European Monetary Union. Part 1 demonstrates that economists, bankers and policy makers know very little about…

Eastern Europe: the EU’s frontier – incorporation or regime competition?

Moore McDowell, Rodney Thom

This paper looks at some aspects of trade and investment relations between the EU and the countries of central and eastern Europe (CEEC). The approach used is based on a model of…

Laissez‐faire and, therefore, jeopardized national priorities in the process of transition

Thomas Szira

Former socialist economies, as they are trying to engage in a process of transition from state socialism towards forms of a market economy, and as they are trying to open…

Trade between asymmetrical democratic countries

Joaquim Ramos Silva

This essay sheds light on the problems arising from trade between asymmetric countries, particularly when associated with a different degree of power. At present, when the…

Old lessons not learned: the clash of political and economic nationalism in Latvia

Nicholas W. Balabkins

Latvia, a small country on the Baltic Sea, became independent in 1918, but was occupied by the Soviet Union in 1940. Like its neighbours, Estonia and Lithuania, Latvia has a…

The Kanitz Act Proposal: European agricultural policy in theoretical and historical perspective

Jürgen G. Backhaus

Understanding chances of reforming the common agricultural policy (CAP) of the European Union, for instance, requires an appreciation of its intellectual roots. Seeking such an…