ABSTRACT

This chapter concentrates on developments from 1944 to 1971. It starts with the transmission of Anglo-Saxon economic thought in Greece through the work of British and US economists who were active in the country due to foreign assistance for Greek reconstruction. A special section is devoted to women economists, who started being active and vocal in the country after 1944. The work of Xenophon Zolotas, an academic and central banker, and of Panagis Papaligouras, a yearlong minister of economic affairs, is analyzed, and its importance for liberal economic thought in Greece is demonstrated. Then, Andreas Papandreou and his career until the military dictatorship, his transition from the critical US post-1944 mainstream to interventionist positions for Greek economic development, is discussed. Reference is also made to the ever-growing community of economists, to periodicals, associations, and to debates about economic growth and the possible consequences of the country's association of the country with the EEC. The changing attitude of Greek economists toward Keynesian economics is also discussed.