EDITORIAL

Introduction by J R Shackleton

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ORIGINAL ARTICLES

• UK monetary and fiscal policy since 2007: Could we have done better?, by Terence Burns

• Debt as a US defence spending consideration since the end of World War II. Part Two Nixon to Biden, by David Tier

• The government-robber comparison: A Long-standing tradition beyond avowed libertarianism, by Brian Mandeville (Open Access)

• Why is competition in the European football market failing, and what should be done about it?, by Magnus Henrekson, Lars Persson (Open Access)

• Modern Monetary Theory: The Bolshevik experiment, by Nikolay Nenovsky, Kevin Dowd

• Your Life versus their jobs: The political economy of transport safety automation, by Roslyn Layton

• The attitude of the Turkish population towards markets, wealth and capitalism, by Murat Çokgezen

• Employer attitudes to concurrent employment: An Analysis of the European Union and Ukraine, by Оlena Yе Lutsenko, Dmytro V Gryn, Oleksii S Nesterovych, Karina Y Halynska, Eugene K Pushkarev

DISCUSSION

• Banking’s transformation and the harmful effects of too much finance, by Guangdong Xu

BOOK REVIEW

• How countries go broke: The big cycle. By Ray Dalio. Avid Reader Press. 2025. 400 pp. £30.00 (hbk). ISBN: 978-1501124068. £15.99 (Kindle ed.). ISBN: 978-1501124075, by Milena Mazzoli

• The political economy of central banking: A short history of the changing role of central banks. By Alessandro Roselli. Palgrave Macmillan. 2024. 348 pp. £109.99 (hbk). ISBN: 978-3031770357. £87.50 (ebk). ISBN: 978-3031770364, by Gabriel Stein

• False dawn: The New Deal and the promise of recovery, 1933–1947 By George Selgin. University of Chicago Press. 2025. 384 pp. £28.00 (hbk). ISBN: 978-0226832937. £26.57 (Kindle ed.). ISBN: 978-0226838991, by Forrest Capie

• The European Miracle and beyond: Essays in honour of Professor E. L. Jones Edited by Gary B. Magee and Kent Deng. Palgrave Macmillan. 2025. 267 pp. £179.99 (hbk). ISBN: 978-3031902475. £143.50 (ebk). ISBN: 978-3031902482, by Michael James