Template-type: ReDIF-Article 1.0 Author-Name: Werner Bonefeld Title: Stateless Money and State Power: Europe as ordoliberal Ordnungsgef?ge Abstract: Since the start of the Euro crisis there has been an abundance of literature that identifies an ordoliberal Europe with the politics of austerity. This literature is confronted by the paradox that the Euro is a stateless currency. Ordoliberalism holds that economic orders are politically constituted and sustained. The article contends that the exploration of ordoliberal principles of economic constitution and Ordnungspolitik uncovers the crucial role of the member states in monetary union. What monetary union integrates is the role of the state in establishing and sustaining a framework for the domestic conduct of economic activity. In detail, in monetary union the democratically constituted member states assume the role of federated executive states of European money, which governs the decentralised relations of competitive adjustment in territorialised labour markets. The European economic order depends on the commitment and capacity of the member states to make it work within their jurisdictions. Classification-JEL: B2, E5, H1, P59 Keywords: Note: Pages:5-26 Volume: 2018/1 Year: 2018 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=61618&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2018-001001 Number: 1 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=61618 Template-type: ReDIF-Article 1.0 Author-Name: Nikolay Nenovsky Author-Name: Pencho Penchev Title: Between Enthusiasm and Skepticism: Bulgarian Economists and Europe (1878-1944) Abstract: In this article, we present the discussions of Bulgarian economists as regards the strategic development opportunities of the Balkans and Bulgaria in particular within Europe. We focus on the integration efforts of Bulgaria within an economic unit larger than national market during the decades of the so-called first Bulgarian capitalism. Those are the years since the Liberation of Bulgaria from the Ottoman rule in 1878 to the forced imposition of the Communist regime in 1944. The public expenditures on bureaucracy, army, foreign policy etc. increased after Bulgaria?s Liberation. The integration efforts on Bulgarian side were an attempt to ameliorate some negative consequences of the lost "public goods" of being part of the Ottoman Empire. This was the main source of the Bulgarian economists? pro-European enthusiasm. However, the enthusiasm was combined with skepticism. The main fuel of skepticism came from the fear that industrially developed countries of Central and Western Europe would not allow the industrialization or modernization of the Bulgarian economy. The presentation follows the historical stages of development of the Bulgarian economy and society. It starts from the late pre-liberation era goes through the late 19th and early 20th-century ideas for Balkan economic integration, the World War I, and the Great Depression effects, and finishes with the Second World War. Classification-JEL: B1, B2, N43, N44, F15 Keywords: Note: Pages:27-55 Volume: 2018/1 Year: 2018 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=61626&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2018-001002 Number: 2 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=61626 Template-type: ReDIF-Article 1.0 Author-Name: Malcolm Abbott Title: Productivity: a history of its measurement Abstract: Productivity has long been an important concept in economics. Despite this long history, the full quantification of productivity dates back largely to work undertaken by economists in the middle part of the twentieth century. The purpose of the paper, therefore, is to describe the origins of the concept in general and in particular the efforts to develop the means to quantify it. To a significant degree, the economic issues that have arisen, as well as general developments in economic theory have influenced the development of productivity quantification efforts. Classification-JEL: B10, B20, D24 Keywords: Note: Pages:57-80 Volume: 2018/1 Year: 2018 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=61627&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2018-001003 Number: 3 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=61627 Template-type: ReDIF-Article 1.0 Author-Name: Anna La Bruna Title: Between Ricardo and Wagner: A Case Study on the History of Banking Legislation (1876-1879) Abstract: This paper provides a case history of the attempt by the first Italian left-wing government to regulate the banks? issue system in the second half of the 19th century. From the point of view of banking policy, behind the gradualist approach to institutional changes lay an "eclectic" theory on the value of money between Ricardo and Wagner, which also characterized the action of the Minister of Economy Majorana in the first three years of the left-wing Government. The "middle way" favored by the Minister for banking regulation was largely inspired by the financial policy developed by Chase, Secretary of the Treasury in President Lincoln?s cabinet, during the American Civil War. These measures formed a model of "moderate" free banking, in the balance between hard and soft money, between the money issued by the State and that produced by private banks, and indeed between decentralization and centralization of the monetary institutions. This policy proved able to unify the currency in the Union on a permanent basis, appropriate to control the very strong inflationary pressures triggered by military spending, also financed by issue of greenbacks, but, above all, opportune to create a market for government bonds. In the case of Italy, examined here, regulatory response proved ineffective due both to the many changes that had been made to the project during parliamentary approval, severely compromising the rationality and consistency of Majorana?s original project, and to the failure to implement it. The insufficient legislation introduced was not able to stem the banking crisis, which became systemic in the early1890s. Classification-JEL: B1, N2 Keywords: Note: Pages:81-97 Volume: 2018/1 Year: 2018 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=61628&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2018-001004 Number: 4 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=61628 Template-type: ReDIF-Article 1.0 Author-Name: Marco Dardi Title: Giacomo Becattini 1927-2017 Abstract: Classification-JEL: Keywords: Note: Pages:99-114 Volume: 2018/1 Year: 2018 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=61629&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2018-001005 Number: 5 Template-type: ReDIF-Article 1.0 Author-Name: Autori vari Title: Book reviews Abstract: Classification-JEL: Keywords: Note: Pages:115-150 Volume: 2018/1 Year: 2018 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=61630&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:spespe:v:html10.3280/SPE2018-001006 Number: 6 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=61630