This book discloses the economic foundations of European fiscal and monetary policies by
introducing readers to an array of alternative approaches in economics. It presents various
heterodox theories put forward by classical economists Marx Sraffa and Keynes as a coherent
challenge to neo-classical theory. The book underscores and critically assesses the analytical
inconsistencies of European economic policy and the conservative nature of the current European
governance. In this light it examines the political obstacles to proposals to reform the
European monetary union as well as those originating in the neo-mercantilist German model.
Given its scope and format the book offers a valuable asset for researchers and members of the
general public alike.
