Economic History of Greece

Professor George Alogoskoufis, Athens University of Economics and Business


Key Drivers of the History of the Greek Economy: From 1821 to the Present

Summary of a Paper presented by George Alogoskoufis at the online Harvard/Fletcher Conference on New Perspectives on the Greek Revolution, September 24-25, 2021. Modern Greece has a history of about two centuries. During these two hundred years, the country and the economy have been radically transformed.  1. Greece managed to almost triple its national territory, in […]

1821 Before and After: Major Exhibition at the Benaki Museum, Athens

The Benaki Museum, in cooperation with the Bank of Greece, the National Bank of Greece and Alpha Bank, presents a major anniversary exhibition to celebrate the bicentenary of the pivotal year in modern Greek history, 1821, the year when the revolution which resulted in the country’s independence was declared. One thousand and two hundred objects […]

Greece and the Euro: From Crisis to Recovery

The origins of the post-2010 Greek crisis and the pre-conditions – economic, political and institutional – for a sustained recovery of the Greek economy were examined recently by a number of prominent academics, many of whom possess extensive political experience in Greece.  A selection of their contributions, first presented in a workshop at the London […]

The Two Faces of Janus: 1954-73 versus 1974-93

Institutions, Policy Regimes and Macroeconomic Performance in Greece George Alogoskoufis Economic Policy, April 1995 A timely article on the Greek economy from … 1995. It compares macroeconomic performance in Greece during two consecutive twenty year periods, 1954-73 and 1974-93, and analyses how institutions and policy regimes affect macroeconomic performance. The clear change in policy regime […]

Historical Cycles of the Greek Economy (from 1821 to the Present)

George Alogoskoufis English translation and adaptation of a short article published in the Greek newspaper ΤΑ ΝΕΑ, January 23, 2021 The article is a summary of research reported in, Historical Cycles of the Economy of Modern Greece: From 1821 to the Present, Working Paper no. 1-2021, Department of Economics, Athens University of Economics and Business. The economy […]

History of Modern Greece (Wikipedia)

The history of modern Greece covers the history of Greece from the recognition of its autonomy from the Ottoman Empire by the Great Powers (Great Britain, France, and Russia) in 1828, after the Greek War of Independence, to the present day. The main events in the history of modern Greece can be reviewed in the […]

Greece: Economic and Social Developments since Roman Times (Britannica)

… Greece’s existence as an independent state gained formal recognition in the treaty of 1832 between Bavaria and the great powers, but the Greeks themselves were not involved in the making of the treaty. Greece formally became a sovereign state, and the Greeks became the first of the subject peoples of the Ottoman Empire to […]

Greece and the Euro: A Mundellian Tragedy

by George Alogoskoufis GreeSE Paper no. 136, Hellenic Observatory, London School of Economics This paper analyzes the process of destabilization, crisis and adjustment in the Greek economy since the accession of the country to the European Union and, subsequently, the euro area. It reviews four policy cycles of the past 40 years, the four acts […]

History’s Spoiled Children

by Kostas Kostis Professor in the Department of Economics at the University of Athens History’s Spoiled Children is the story of a small Ottoman province and its transformation into a modern European state. In some respects, the challenges to the formation of the Greek state could be likened to those encountered by the Western world in […]

Modern Greece: What Everyone Needs to Know

by Stathis Kalyvas Gladstone Professor of Government, University of Oxford When Greece’s economic troubles began to threaten the stability of the European Union in 2010, the nation found itself in the center of a whirlwind of international finger-pointing. In the years prior, Greece appeared to be politically secure and economically healthy. Upon its emergence in […]

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