In the public discussion “Europe” is widely received as an economy of integration. Economic guidelines and developements however, are disregarded. This overview by the renowned economic historian Ivan T. Berend fills this gap. Berend discusses the state of the economy in 19th and 20th century Europe by providing an overview of the theoretical basis of market economy and dirigiste economic order of Adam Smith and John Maynard Keynes up to Milton Friedman. This book presents a compact and full overview of economic systems and developments in Europe since the French Revolution.
