The development of European unification has reached a critical stage. Despite 75 years of peace, increases in welfare, and growth since World War 2, there is now a growing scepticism of the European agenda from various quarters, most notably embodied in the exit of the United Kingdom from the European Union. To fully understand the dynamics at work, this book presents an introduction to the development of the political economy of Europe from 1900 to 2020. The first part of the book provides an overview of European economic and political history from 1900 to the present. It is clear from this history that Europe’s population, and most notably its leaders, have been deeply influenced by ideology during this time. This sets the context for the second part of the book, which takes a closer look at some major paradigms framing European dynamics: (1) the market-oriented paradigm, (2) Marx’s paradigm, and (3) the fascist paradigm. In this part, the essential core of each of these paradigms is presented and critiqued. In the third part, the current bottlenecks of European evolution (the migration crisis, Brexit, rise of new Fascism, the climate crisis, the COVID-19 pandemic) are investigated in the light of a possible emergence of a new scientific paradigm. Europe’s role in the global division of labour – its possibility to serve as a role model for the advantages of democratically governing a highly diverse set of populations – is also explained. This book is an ideal text for students undertaking courses on the political economy of Europe in either economics or politics departments.

The mid-eighteenth century witnessed what might be dubbed an economic turn that resolutely changed the trajectory of world history. The discipline of economics itself emerged amidst this turn, and it is frequently traced back to the work of François Quesnay and his school of Physiocracy. Though lionized by the subsequent historiography of economics, the theoretical postulates and policy consequences of Physiocracy were disastrous at the time, resulting in a veritable subsistence trauma in France. This galvanized relentless and diverse critiques of the doctrine not only in France but also throughout the European world that have, hitherto, been largely neglected by scholars. Though Physiocracy was an integral part of the economic turn, it was rapidly overcome, both theoretically and practically, with durable and important consequences for the history of political economy. The Economic Turn brings together some of the leading historians of that moment to fundamentally recast our understanding of the origins and diverse natures of political economy in the Enlightenment.

Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

Excerpt from History of Political Economy in Europe To attempt a narration of these experiences in Europe from the earliest period - their successes and their fail ures - was the task that M. Blanqui proposed to himself in writing the history under consideration. The result of his labors has been of necessity imperfect, because the material for constructing a complete record does not exist; and because the restriction of the discussion of such material as is available, which the author at the outset seems to have prescribed to himself, namely, two small 12mo volumes (in the French edition), did not admit of the entering at any great length into details, or the accomplishment of much other than the presenta tion of the more important economic transactions in the history of Europe, and the extent of their influences in promoting or retarding the world's material progress and development. Nevertheless the book as it exists to day, with its record terminating in 1842, is in the highest degree instructive, and in a popular sense, exceedingly attractive. It is moreover, one of the comparatively few books published during the last half century which has attained a world-wide reputation, and its translation and present re-publication fills a place, which so far as the observation of the writer extends, is not supplied by any other work in the English language. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.