This expositive textbook on monetary integration looks at the economic costs and benefits of such a union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate...

The Political Economy of Monetary Union presents an important collection of the most influential articles covering different areas in this expanding field. The volume brings together both the classical articles which have laid the...

Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points. von Grauwe, Paul De

Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. Challenging this paradigm using simple rules of behaviour this book applies a new model to real-life...