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Marc Lavoie, “Post-Keynesian Economics: New Foundations” (Edward Elgar, 2014)

New Books in Economics

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The Drawbacks of the Eurozone Construction

A lot of post-cantians would argue that the Eurozone construction is a mistake. There's no way you can readjust prices or wages in the Eurozone, he says. The European payment system called Target II has lots of similarities with the Kansas plan and could be used to force surplus countries to adjust.

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