The invisible hand

The economies of the European Union are highly integrated, with the euro serving as a unifying currency for most Member States within the euro-zone. To ensure prosperity and stability in line with the European Stability and Growth Pact, it is crucial to monitor and coordinate economic policies across the Union and its Member States. This task is further complicated by the enlargement process, which introduces diverse economic policy concepts and traditions. A comprehensive understanding of the economic and socio-political debates within individual Member States requires knowledge of their historical and social contexts. Unlike natural sciences, economics is deeply influenced by human norms and conflicts, making it essential to consider these factors alongside logical relationships and empirical data. Many economic textbooks, particularly those from the Anglo-Saxon tradition, focus primarily on technical and model-based presentations, often neglecting the socio-political background. Given the importance of economic realities for all European citizens, it is vital to engage those without a formal education in economics, ensuring that the discourse is accessible and relevant to a broader audience.