The Future of Europe: Reform or Declineby Alberto Alesina, Francesco Giavazzi
A provocative argument that unless Europe takes serious action soon, its economic and political decline is unavoidable, and a clear statement of the steps Europe must take before it's too late.
"This book could have been a diatribe, but is saved from that by the intelligence of the authors' arguments and policy recommendations. A must read for those interested in the European economy." P. K. Kresl Choice
As the new Congress begins work, it should peruse a recently published book, The Future of Europe: Reform or Decline, by two Italian economists, Harvard's Alberto Alesina and Bocconi University's Francesco Giavazzi. They explain what went wrong in Europe in particular in France, Germany, Italy, and Spain and how Europe can continue as a major economic power.
This book could have been a diatribe, but is saved from that by the intelligence of the authors' arguments and policy recommendations. A must read for those interested in the European economy.
- MIT Press
- Publication date:
- Product dimensions:
- 6.00(w) x 9.00(h) x 0.50(d)
- Age Range:
- 18 Years
What People are Saying About This
The authors have written an accepible plea for Europeans to reform their economies along American lines. They have converted a great deal of technical thinking and evidence into a lively book that noneconomists can easily digest.
Like all market-based economies, the transition countries are now subject to financial instability. This timely and important book uncovers the distinctive features of transition that give rise to financial crises in emerging market countries.
"Like all market-based economies, the transition countries are now subject to financial instability. This timely and important book uncovers the distinctive features of transition that give rise to financial crises in emerging market countries."Charles Wyplosz, Professor of Economics, Graduate Institute of International Studies, Geneva
Few scholars are better qualified to analyze the economic condition of Europe than Alesina and Giavazzi. With admirable clarity, supporting each step of thier argument with some striking empricaly findings, they reveal the seriousness of the plight of the major continental European econmies-- and the urgency of the need for liberalizing reforms.
This unique treatment of important political and economic issues offers interesting data that contrasts trends on two continents. The book's succinct clarity and hard-hitting style suggests that it will be a significant, controversial, and widely cited work.
Meet the Author
Alberto Alesina is Nathaniel Ropes Professor of Political Economics at Harvard University. He is the coauthor (with Enrico Spolaore) of The Size of Nations (MIT Press, 2003).
Francesco Giavazzi is Professor of Economics at Bocconi University and Visiting Professor at MIT. He is the coauthor (with Alberto Giovannini) of Limiting Exchange Rate Flexibility: The European Monetary System (MIT Press, 1989).
Most Helpful Customer Reviews
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This book deals with several major policy problems that Europe and Europeans are facing today. The usual suspects include non-competitive research and universities, mishandling of the increasingly multiethnic societies, liberalization of markets, high price of the social state, rigid labor market, to name just a few. There seems to be an increasing amount of literature and critical articles dedicated to these issues, in a stark contrast to the inability of European politicians to get a firm grip on them. Even though this book claims that Europe should not necessarily adopt Anglo-Saxon social and economic model, it is hard to escape this conclusion when reading the actual comparisons with the UK, US and other "Anglo-Saxon" countries. One big policy issue that is not being discussed here deals with the collapse of the European family and its roots in the dismantling of the Judeo-Christian religio-ethical tradition. A good place to start reading more about this is George Weigel's "The Cube And The Cathedral: Europe, America and Politics Without God" Additional criticism of this book concerns its editing. There are numerous spelling and other mistakes, and several graphs and charts are not all that clear. Otherwise, it is a very readable and engaging book.