The Political Economy of Europe Since 1945: A Kaleckian Perspective

  title={The Political Economy of Europe Since 1945: A Kaleckian Perspective},
  author={Joseph Halevi},
  journal={Comparative Political Economy: Comparative Regional Economies eJournal},
  • J. Halevi
  • Published 1 June 2019
  • Economics, History
  • Comparative Political Economy: Comparative Regional Economies eJournal
This paper analyzes the early stages of the formation of the Common Market. The period covered runs from the end of WW2 to 1959, which is the year in which the European Payments Union ceased to operate. The essay begins by highlighting the differences between the prewar political economy of Europe and the new dimensions and institutions brought in by the United States after 1945. It focuses on the marginalization of Britain and on the relaunching of French great power ambitions and how the… 

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