Greece’s New Political Economy

Abstract

Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. So, too, our problem is not a human problem of muscles and endurance. It is not an engineering problem or an agricultural problem. It is not even a business problem, if we mean by business those calculations and dispositions and organising acts by which individual entrepreneurs can better themselves. Nor is it a banking problem, if we mean by banking those principles and methods of shrewd judgement by which lasting connections are fostered and unfortunate commitments avoided. On the contrary, it is, in the strictest sense, an economic problem or, to express it better, as suggesting a blend of economic theory with the art of statesmanship, a problem of political economy.

An Empirical Investigation of Audit Pricing in the Public Sector: The Case of Greek LGOs

“…Lyrintzis (2006) claims that the fall of the seven-year military junta was followed by a long period of radicalization and extreme politicization of Greek society. Although the modernization of the political system, the rationalization and the Europeanization of the Greek economy and society are expected to have toned down the extreme levels of politicization (Lavdas, 1997) the Greek society is still highly politicized (Pagoulatos, 2003). 9 Many candidates have the official designation of their respective political parties, while others run for office either with the backing of two or more parties or independent.…”

An Empirical Investigation of Audit Pricing in the Public Sector: The Case of Greek LGOs

“…Lyrintzis () claims that the fall of the seven‐year military junta was followed by a long period of radicalization and extreme politicization of Greek society. Although the modernization of the political system, the rationalization and the Europeanization of the Greek economy and society are expected to have toned down the extreme levels of politicization (Lavdas, ) the Greek society is still highly politicized (Pagoulatos, ).…”

Disciplining Greece: Crisis Management and Its Discontents

“…The growing deficit and inflation in Greece in the 1980s prompted the PASOK administration to adjust its populist social policies and adopt a series of stabilization programs that constitute Greece’s first experiences with structural adjustment and austerity. Greece implemented structural adjustment programs and austerity in 1983, 1985 to 1987, and throughout the 1990s (Pagoulatos 2003; Psalidopoulos 2010). In addition to cutting public expenditure, freezing salaries and wages, restrictions on striking and labor union power, and measures intended to liberalize, privatize, and deregulate the Greek economy, the programs also included currency devaluations (Pagoulatos 2003).…”