This paper reviews the history, economic rationale, and main components of the project of
establishing a monetary union in Europe by 1999. The adoption of a single currency is …

Page 1 Page 2 Page 3 Weak versus Strong Sustainability This One 3P7C-RLB-N4U6 Page 4 To
my students, the past, current and future ones Page 5 Weak versus Strong Sustainability …

Modern macroeconomics textbooks rest upon the assumption of a social welfare function
defined on inflation,, and unemployment, U. 1 However, no formal evidence for the existence …

We show that macroeconomic movements have strong effects on the happiness of nations.
First, we find that there are clear microeconomic patterns in the psychological well-being …

European integration confuses citizens and scholars alike. It appears to transfer power away
from national capitals towards Brussels yet a close study of the EU reveals the absence of …

The labor share is defined as the share of value added which is payed out to workers. It is
therefore often also called the wage share. Generally it is assumed that value added is …

We analyze the impact of commercial and financial policies on the reorientation of trade in
the 1930s. We report evidence that commercial policies attenuated prior connections …

In the debate about sustainable development, the key question is whether natural capital
can be substituted by man-made capital. Proponents of weak sustainability maintain that …

This paper examines trade credit policies of small firms operating in a bank‐dominated
environment (Finland). We find that creditworthiness and access to capital markets are …

Regional unemployment clusters Nearness matters within and across Europe–s borders
High unemployment and regional inequalities are major concerns for European policy …