The European Economy since 1945: Coordinated Capitalism and Beyond / Edition 1

The European Economy since 1945: Coordinated Capitalism and Beyond / Edition 1

by Barry Eichengreen
     
 

ISBN-10: 0691127107

ISBN-13: 9780691127101

Pub. Date: 11/13/2006

Publisher: Princeton University Press

In 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor plumbing. Today, things could hardly be more different. The European Economy since 1945 is an accessible account of the extraordinary development of Europe's economy since the end of World War II. Barry Eichengreen argues that the continent's history has been critical to its…  See more details below

Overview

In 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor plumbing. Today, things could hardly be more different. The European Economy since 1945 is an accessible account of the extraordinary development of Europe's economy since the end of World War II. Barry Eichengreen argues that the continent's history has been critical to its economic performance and that it will continue to be so going forward. He notes, however, that the key questions for the future are whether Europe and its constituent nations can adapt their institutions to the needs of a globalized knowledge economy, and whether in doing so, the continent's distinctive history will be an obstacle or an asset.

About the Author:
Barry Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. His books include Golden Fetters and Globalizing Capital (Princeton)

Product Details

ISBN-13:
9780691127101
Publisher:
Princeton University Press
Publication date:
11/13/2006
Series:
Princeton Economic History of the Western World Series
Edition description:
New Edition
Pages:
520
Product dimensions:
6.40(w) x 9.30(h) x 1.50(d)

Table of Contents


List of Figures     ix
List of Tables     xi
Preface     xv
List of Abbreviations     xix
Introduction     1
Mainsprings of Growth     15
Probing Deeper     20
Institutional Foundations of the Golden Age     31
Institutions and History     40
The End of the Golden Age     47
The Postwar Situation     52
Reconstruction     54
The Transition to Sustained Growth     59
Normalization and the Political Economy of the Marshall Plan     64
German Economic and Monetary Reform     70
Obstacles to Integration     73
The 1949 Devaluations     77
The European Payments Union     79
Dawn of the Golden Age     86
Understanding Growth in the 1950s     89
Germany as Pacesetter     93
Next in Line     97
The Laggards     118
Toward the Golden Age     129
Eastern Europe and the Planned Economy     131
The Strategy of Central Planning     133
Problems of Central Planning     142
Partial Reforms     146
Planning Innovation     154
Regional Integration     155
The End of Reform     160
The Integration of Western Europe     163
Initial Steps     167
EFTA and the British Dilemma     176
Economic Effects     178
The Common Agricultural Policy     182
The Luxembourg Compromise     185
Inklings of Monetary Integration     187
The Common Market as an Established Fact     195
The Apex of the Golden Age     198
The Heyday of Extensive Growth     199
The Incorporation of the European Periphery     204
Wage Explosion and Labor Conflict     216
The End of the Golden Age     223
Mounting Payments Problems     225
Italy's Crisis     226
Britain's Problems     229
The French Crisis and the German Response     238
The Collapse of Bretton Woods     242
The European Response     246
Declining Growth, Rising Rigidities     252
The Productivity Slowdown     253
Innovation     257
Unemployment     263
Stabilization in Britain     277
The EMS Initiative     282
The EMS in Operation      286
The Legacy     290
The Collapse of Central Planning     294
The Survival of Central Planning     296
The Collapse of Communism     301
Recession and Adjustment     303
Dilemmas of Transition     308
Economic Response     310
German Reunification     318
Normalization and Integration     328
Integration and Adjustment     335
The Single Market     336
Integration in Practice     341
From the Delors Report to the Maastricht Treaty     346
The EMS Crisis     357
The Transition to Monetary Union     366
EMU and Its Implications     370
Adjustment and Growth     377
Europe at the Turn of the Twenty-first Century     379
Employment and Growth     381
Reducing Unemployment     388
Implications for European Unemployment     393
Productivity Growth     398
Eastern European Prospects and Western European Implications     406
Economic Prospects     412
The Future of the European Model     414
Battle of the Systems     419
The Shadow of History      423
Sources of Growth     427
References     433
Index     461

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >