One of the claims of this paper is that three Austro-Swedish schools of economics provided much of the foundations for almost all of economic analysis developed after the second world war. Important representatives of the first school are Böhm-Bawerk and Wicksell, Schumpeter and Hayek of the...

Unemployment rates differ dramatically across European regions. This paper analyses these differences by integrating institutional and spatial perspectives into a unified theoretical framework. An econometric model is then used to analyse differences among European NUTS2 regions. The results of...