EU aggregate demand as a way out of crisis? Engaging the post-Keynesian critique

The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link. Post-Keynesians have delivered an important advance in providing explanations of the Eurozone Crisis, not the least in demonstrating how the formation of the European integration project lacked the means to manage effectively the macroeconomic imbalances between ‘core’ and ‘peripheral’ spaces across the region. Through a critical engagement with such descriptions, this article argues that to account more adequately for the formation of the asymmetrical and crisis-ridden forms of development across the Eurozone, it is necessary to focus on the uneven and combined development of Europe’s ‘peripheral’ spaces and their integration into an expanded free trade regime since the 1980s. It is through a focus on the structuring condition of uneven and combined development shaped by capitalist social relations of production and attendant class struggles that we can better locate the origins of the present crisis.