IDEAS home Printed from https://ideas.repec.org/p/thk/wpaper/100.html
   My bibliography  Save this paper

The Political Economy of Europe since 1945: A Kaleckian perspective

Author

Listed:
  • Joseph Halevi

    (International University College of Turin)

Abstract

This paper analyzes the early stages of the formation of the Common Market. The period covered runs from the end of WW2 to 1959, which is the year in which the European Payments Union ceased to operate. The essay begins by highlighting the differences between the prewar political economy of Europe and the new dimensions and institutions brought in by the United States after 1945. It focuses on the marginalization of Britain and on the relaunching of French great power ambitions and how the latter determined, in a very problematical way, the European complexion of France. Because of France '92s imperial aspirations, France, not West Germany, emerged as the politically crisis prone country of Europe acting as a factor of instability thereby jeopardizing the process of European integration, Among the large European nations, Germany and Italy appear, for opposite economic reasons, as the countries most focused on furthering integration. Germany expressed the strongest form of neomercantilism while Italy the weakest.

Suggested Citation

  • Joseph Halevi, 2019. "The Political Economy of Europe since 1945: A Kaleckian perspective," Working Papers Series 100, Institute for New Economic Thinking.
    • Handle: RePEc:thk:wpaper:100
    DOI: 10.36687/inetwp104
    as

    Download full text from publisher

    File URL: https://doi.org/10.36687/inetwp100
    File Function: First version, 2019
    Download Restriction: no
    File URL: https://libkey.io/10.36687/inetwp104?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dormois,Jean-Pierre, 2004. "The French Economy in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521660921.
    2. Harald Hagemann & Heinz D. Kurz (ed.), 1998. "Political Economics in Retrospect," Books, Edward Elgar Publishing, number 761.
    3. Dormois,Jean-Pierre, 2004. "The French Economy in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521667876.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joseph Halevi, 2019. "Europe 1957 to 1979: From the Common Market to the European Monetary System," Working Papers Series 101, Institute for New Economic Thinking.
    2. Joseph Halevi, 2019. "From the EMS to the EMU and... to China," Working Papers Series 102, Institute for New Economic Thinking.
    3. Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer, 2015. "Elites, Thickets and Institutions: French Resistance versus German Adaptation to Economic Change, 1945-2015," Working Papers 63, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    4. repec:spo:wpecon:info:hdl:2441/694 is not listed on IDEAS
    5. repec:spo:wpmain:info:hdl:2441/694 is not listed on IDEAS
    6. José Alves, 2018. "Tax incidence and fiscal systems: some problems on tax compared history in XIX and XX centuries," Working Papers REM 2018/45, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    7. Guillaume Daudin, 2005. "France," SciencePo Working papers Main hal-01065990, HAL.
    8. repec:hal:spmain:info:hdl:2441/694 is not listed on IDEAS
    9. Nikita I. Lychakov & Dmitrii L. Saprykin & Nadia Vanteeva, 2020. "Not Backward: Comparative Labour Productivity In British And Russian Manufacturing, Circa 1908," HSE Working papers WP BRP 199/HUM/2020, National Research University Higher School of Economics.
    10. Martin Chick, 2006. "The marginalist approach and the making of fuel policy in France and Britain, 1945–72," Economic History Review, Economic History Society, vol. 59(1), pages 143-167, February.
    11. Miguel Martín-Retortillo & Vicente Pinilla, 2013. "Patterns and causes of growth of European agricultural production, 1950-2005," Documentos de Trabajo (DT-AEHE) 1302, Asociación Española de Historia Económica.
    12. repec:hal:wpspec:info:hdl:2441/694 is not listed on IDEAS
    13. Roberto Scazzieri & Lilia Costabile, 2006. "Social Models, Growth and the International Monetary System: Implications for Europe and the United States," Working Papers wp117, Political Economy Research Institute, University of Massachusetts at Amherst.
    14. Scazzieri, Roberto, 2018. "Structural dynamics and evolutionary change," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 52-58.
    15. Heinz Kurz, 2015. "The beat of the economic heart," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 147-162, January.
    16. Scazzieri, Roberto, 2014. "A structural theory of increasing returns," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 75-88.
    17. Besomi, Daniele, 2007. "Mentor Bouniatian on cycles and equilibrium," Structural Change and Economic Dynamics, Elsevier, vol. 18(1), pages 120-143, March.
    18. Kurz, Heinz D., 2010. "The Beat of the Economic Heart: Joseph Schumpeter and Arthur Spiethoff on Business Cycles," MPRA Paper 20429, University Library of Munich, Germany.
    19. Ertürk, Korkut Alp & Mendieta-Muñoz, Ivan, 2018. "The changing dynamics of short-run output adjustment," MPRA Paper 87409, University Library of Munich, Germany.
    20. Scazzieri, Roberto, 2021. "Structural dynamics and evolutionary change," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 365-371.

    More about this item

    Keywords

    European Monetary System; Common Market; France; Germany; Italy; Netherlands; currency depreciation; European Monetary Union;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:thk:wpaper:100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pia Malaney (email available below). General contact details of provider: https://edirc.repec.org/data/inetnus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.