Building faith in a common future, which is at the core of the making of a common currency, has been declining since the turn of the 1980s. The economic neoliberalism that diffused worldwide after the collapse of the Gold Exchange Standard and the economic crisis of the mid 1970s challenged the...

This paper sets out to ask what happened between 1981 and 1986 to the French policy of full employment. The cautious path followed led to the combination of long-term industrial restructuring with comprehensive monitoring of the labor market. Problems arose on both sides. Short-term policies on...

The diversity in the eurozone has costs and advantages, respectively, for countries whether they are confronted with an overvalued or undervalued euro. Rough estimations of these costs and benefits help to assess the adjustments that could lead to a sustainable eurozone. A purely financial type...

The coevolution of technological and organizational change shapes modernization in mature industries. Only large, vertically integrated, managerial firms can bear the delays between the adoption of new information technologies and their positive effects on productivity growth. A feature of the...

This work elaborates the notion of localized technological knowledge, based upon the distinction between information, competence and knowledge, and analyzes the emergence of the new knowledge industry. The evolution of the organization of knowledge production is analyzed through four stylized...