The Rise of the Socialist Welfare State
In practice, the merger between mainstream Keynesian economics and welfare-state policy was exactly what drove most of Europe into its current state of stagnation.
In practice, the merger between mainstream Keynesian economics and welfare-state policy was exactly what drove most of Europe into its current state of stagnation.
Consider what Europe will look like if Russia wins, or loses, the war in Ukraine. Obtaining reliable information, in this case, is nearly impossible. To navigate these uncertain times, the best guidance may be found in the old-school academic discipline of political economy.
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