The present paper firstly examines and comments the arguments proposed by Werner Sinn and Wollmershaeuser in their paper on Target loans, current account balances and capital flows: the ECB’s rescue facility. Secondly, this contribution suggests an alternative view for solving the crisis in...

Sicily is a region which shows a large gap in terms of income per capita with the Centre-North and with the average income per capita of the European Union. The island, however, have an entrepreneurial tradition that has been consolidated in agriculture and craft activities and that has paid off...

This is a prepublication version of the article by the same name in the Journal of Australian Political Economy. It should be cited as “Freeman, A. 2012 'The Profit Rate in the Presence of Financial Markets: a Necessary Correction'. Journal of Australian Political Economy, Number 70, Summer...

On 1 January 1999, the Economic and Monetary Union (EMU) has entered its final stage and the euro was introduced as the single currency of eleven European Union countries. The feature certainly peculiar economic and monetary union (EMU) is that in the face of a single monetary policy set at the...

In Italy the rate of growth of GDP has declined over the period 2000-2006, after joining the single currency. The decrease is not incidental, but it has a structural and long-term nature, so this decrease relates to the potential growth. This weakening of growth takes place in an international...

This paper is a mirror of the same paper published by SSRN, lodged with MPRA for completeness and for the historical record. It should be cited as: 'Freeman, Alan, Is Creation an Industry? A Constructive Critique of the Economics of the Cultural and Creative Industries (June 3, 2012). Available...

This is a prepublication version of the paper published in Review of Political Economy Volume 26, 2010 (http://www.emeraldinsight.com/books.htm?issn=0161-7230&volume=26). It should be cited as Freeman, A. (2010). ‘Crisis and “law of motion” in economics: a critique of positivist...

This is a pre-publication version of an article published by the journal ‘America Latina XXI’. It was originally produced as a tribute to Hugo Chavez and a critical reflection on his reception outside Venezuela, on the occasion of his death.

The European Monetary Union is characterized by a crisis of governance, this has become more evident with the crisis of the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries. The global financial crisis struck the euro area very...

Co-operative banks are an important reality of the credit system and they are spread in Italy and in Europe. These banks are a category different from other banks, as are characterized by a legal form which has some very specific characteristics. These banks may contribute to the development of...