This book challenges the macroeconomic policy orthodoxies currently being applied in most European countries. The book identifies the misplaced policy orthodoxies and then sets out 23 policy principles (including new economic policy paradigms) that should guide economic policy-making in Europe going forward. The new overarching policy objective should be to provide stimulus and economic growth without raising public debt. The book argues that current fiscal austerity policies are taking the periphery economies and the United Kingdom in the wrong direction. The book establishes the case for a...