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The Development of Economics in Western Europe since 1945. Edited by A. W. Bob Coats. London: Routledge, 2000. xiv; 262 pp. £60.00. For the discipline of economics in Western Europe, the end of World War II initiated a half century of accelerated catching-up. The ï¬rst half of the twentieth century was generally a period of relative stagnation. In the leading American graduate schools the Keynesian revolution was evolving into the neoclassical synthesis. European economists as a whole, however, had barely reached the level of Alfred Marshallâs Principles of 1890. By the end of the twentieth century the gap had largely (if not completely) disappeared. The differences between the continents had become less important than those between different institutions on each of the two continents. A few years ago, Kyklos thus could raise the provocative question of whether there is a European economics. The volume under review may be regarded as a furtherâ and substantialâcontribution to this discussion. Carefully edited by Bob Coats, it presents case studies of ten Western (and Southern) European countries with an introduction and concluding remarks by the editor. For anybody interested in the recent development of economics as a profession it is an indispensable
History of Political Economy – Duke University Press
Published: Sep 1, 2001
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