Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Henry George: American
Veblen: American
Fisher: American
Keynes: British
Kalecki: Polish
Galbraith: American
Minsky: American
Steve Keen: Australian

Institutional Economics: American
Keynesian economics: British/American
Modern Monetary Theory: British/American

This may have something to do with my own bias as I read mostly in English. Chartalism was developed by a German: Knapp. But the intellectual heirs of the theory are mostly British or American. Monetary Circuit Theory which appears to be most closely associated with French and Italian economists. It bears a strong resemblance to the Tableaux Économiques of Quesnais (an 18th Century French Physiocrat). Silvio Gesell was a German anarchist. The Wörgl experiment took place in Austria. The JAK banking cooperative is Scandinavian.

Pretty much the only prominent economic school originating in Continental Europe is Austrian Economics (Hayek). That then became Neoliberalism and the Chicago School, which was back-exported to Europe where it was adopted with the zeal of the bad student that must memorize Jesuitic nonsense and then spouts it uncritically. I might observe that European central bankers and economic policy makers have been a lot more "orthodox" than Americans in this crisis, who have been more "pragmatic".

Trichet, a Frenchman, was initially more daring in his liquidity provision, but has since been reined in by the recalcitrant ECB council.

Goldbuggery is a sure sign of insanity. Martin Wolf describes the Eurozone's design as a modern version of the classical Gold standard.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Thu Jun 2nd, 2011 at 09:14:23 AM EST
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