Оlena Yе Lutsenko, Dmytro V Gryn, Oleksii S Nesterovych, Karina Y Halynska, Eugene K Pushkarev
{"title":"Employer attitudes to concurrent employment: An analysis of the European Union and Ukraine","authors":"Оlena Yе Lutsenko, Dmytro V Gryn, Oleksii S Nesterovych, Karina Y Halynska, Eugene K Pushkarev","doi":"10.1111/ecaf.70031","DOIUrl":"https://doi.org/10.1111/ecaf.70031","url":null,"abstract":"<p>This article examines concurrent employment as a growing feature of contemporary labour markets in the European Union and Ukraine. It analyses employer attitudes, legal regulation, and the impact of external shocks such as digitalisation, the COVID-19 pandemic, and the war in Ukraine. Using comparative legal analysis, literature review, and statistical data, the study identifies common trends and contextual differences between the two regions. The findings show that while the EU emphasises regulated flexibility and worker protection, Ukraine demonstrates greater employer tolerance driven by wartime economic necessity, highlighting the adaptive role of concurrent employment in crisis conditions.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"132-149"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147268978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Your life versus their jobs: The political economy of transport safety automation","authors":"Roslyn Layton","doi":"10.1111/ecaf.70027","DOIUrl":"https://doi.org/10.1111/ecaf.70027","url":null,"abstract":"<p>This article examines regulatory misalignment in US transportation policy, highlighting the tolerance of high roadway fatalities (100 + per day) alongside resistance to safety-enhancing automation in sectors such as aviation and rail. Despite proven risk reduction, modernisation of air traffic control and deployment of autonomous freight trains face institutional constraints from unions and sector-specific regulators. Meanwhile driverless vehicles navigate complex roads in the United States, autonomous public transport has operated reliably for decades, and automated freight trains routinely traverse China and Australia. Through comparative sectoral analysis, the article argues that fragmented governance and stakeholder pressures impede adoption of automation that could improve safety outcomes.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"99-114"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecaf.70027","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147268945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"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","authors":"Milena Mazzoli","doi":"10.1111/ecaf.70030","DOIUrl":"https://doi.org/10.1111/ecaf.70030","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"157-159"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147280112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Banking's transformation and the harmful effects of too much finance","authors":"Guangdong Xu","doi":"10.1111/ecaf.70029","DOIUrl":"https://doi.org/10.1111/ecaf.70029","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"150-156"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147280113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modern Monetary Theory: The Bolshevik experiment","authors":"Nikolay Nenovsky, Kevin Dowd","doi":"10.1111/ecaf.70028","DOIUrl":"https://doi.org/10.1111/ecaf.70028","url":null,"abstract":"<p>In this article we present the monetary theory, known as the ‘Theory of the Emission Economy’, most fully formulated over a century ago by the Russian economist S. A. Falkner (1890–1938). It is strikingly reminiscent of Modern Monetary Theory. The Theory of the Emission Economy was put into practice soon after the October 1917 Bolshevik Revolution and ended in an inflationary catastrophe. Lenin himself, who at first shared its basic ideas, was eventually forced to support a monetary stabilisation based on the introduction of gold coins, the chervonets, that was completed in early 1924, and which ultimately resolved the monetary crisis along conventional monetary lines. This disastrous Bolshevik monetary experiment stands as a clear warning to modern MMT advocates who seek to implement it in a contemporary setting.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"76-98"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147280110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"UK monetary and fiscal policy since 2007: Could we have done better?","authors":"Terence Burns","doi":"10.1111/ecaf.70033","DOIUrl":"https://doi.org/10.1111/ecaf.70033","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"2-16"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147315471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"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","authors":"Michael James","doi":"10.1111/ecaf.70025","DOIUrl":"https://doi.org/10.1111/ecaf.70025","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"166-169"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147315472","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Debt as a US defence spending consideration since the end of World War II. Part Two: Nixon to Biden","authors":"David Tier","doi":"10.1111/ecaf.70016","DOIUrl":"https://doi.org/10.1111/ecaf.70016","url":null,"abstract":"<p>American presidents since 1945 have deliberately considered reducing defence spending as part of a plan to shrink deficits, but they have also found there is a level of defence spending they dare not fall beneath. Using qualitative analysis, I examine the rhetoric these leaders have articulated to consider the trade-offs between the economic costs of deficit spending and the military budgets necessary to defend the nation against military threats. Part One of this study (published in <i>Economic Affairs</i>, vol. 45, no. 3) examined rhetoric through the Lyndon B. Johnson administration. Part Two examines rhetoric from the Nixon through Biden administrations, analyses the total results and, finally, sets out the contribution of this research. These results inform debates over the US national debt, deficit spending, and the mixture of spending cuts and revenue increases needed to achieve a balanced budget.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"17-40"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147268946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The attitude of the Turkish population towards markets, wealth and capitalism","authors":"Murat Çokgezen","doi":"10.1111/ecaf.70026","DOIUrl":"https://doi.org/10.1111/ecaf.70026","url":null,"abstract":"<p>Although most countries today have a capitalist economic system, people's views on capitalism and its features differ. This study aims to assess Turkish people's views on the market mechanism, wealth, and capitalism in general. Face-to-face interviews were conducted with 2011 respondents in 28 Turkish cities in 2024. The survey results show that Turkish people's views on the market mechanism, wealth, and capitalism in general are not positive. These views do not differ systematically by gender, age, education or income. The study also suggests that these attitudes may be related to the fact that the state has played an important role in Turkey's economy since its inception and has become more active since 2010.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"115-131"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147315473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"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","authors":"Forrest Capie","doi":"10.1111/ecaf.70022","DOIUrl":"https://doi.org/10.1111/ecaf.70022","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"46 1","pages":"163-165"},"PeriodicalIF":1.8,"publicationDate":"2026-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147288277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}