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Paper deals with the European Monetary Union from perspective of Post Keynesian school of economic thought. It discusses separately arguments often proposed by mainstream economists. After the brief introduction, which highlights main differences between mainstream & Post Keynesian economic theory, work deals in sequence with trade argument often found in discussion about monetary unification, monetary issues mainly with the role of European Central Bank & lastly, work appraises European Monetary Union from international monetary arrangement perspective proposed by Post Keynesian economists. Based on this evaluation, work concludes stating that Post Keynesian economists are more likely not to be overenthusiastic with European monetary unification. References. Adapted from the source document.

The article deals with the concept of the advantage of "backwardness" and its use in comparative research on European parties and party systems. Politics in the "post-Rokkanian" world, characterized by de-aligning patterns of interest representation and intermediation, raises new questions and challenges in the field of research on political parties, pressure groups, and social movements. The text poses questions that should be asked in regard to this "post-Rokkanian" transformation of political processes connected to the opening of new research perspectives on multilevel party competition in European countries. The article elaborates the concept of the advantage of backwardness at three main levels: the organizational patterns of internal life within political parties, party systems, and interest intermediation systems generally. The article also tries to put the whole concept of the advantage of backwardness into the proper geopolitical and historical area in the framework of European countries. Adapted from the source document.