Institutions in Crisis: European Perspectives on the Recession

Author:   David Howden
Publisher:   Edward Elgar Publishing Ltd
ISBN:  

9780857932112


Pages:   264
Publication Date:   30 September 2011
Format:   Hardback
Availability:   To order   Availability explained
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Institutions in Crisis: European Perspectives on the Recession


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Overview

This critical and thought-provoking book explores the causes and consequences of Europe's failed political and economic institutions. Europe's recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European integration - political and monetary unions. This book critically assesses the patchwork solutions continually offered to hold the troubled unions together. Failed political policies, from the prodigious 'Common Agricultural Policy' to ever more common fiscal stimulus packages, are shown to have bred less than stellar results in the past, and to have devastating implications for future European growth. The contributors outline the manner through which European monetary union has subsidized and continues to exacerbate the burgeoning debt crisis. Most strikingly, the interplay between Europe's political and economic realms is exposed as the boondoggle it is, with increasingly bureaucratic institutions plaguing the continent and endangering future potential. Combining political and economic analysis, this comprehensive book will prove essential for researchers and students in international business and macroeconomics. Educated laymen wanting a keener perspective on Europe's recession will also find this book to be invaluable.

Full Product Details

Author:   David Howden
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 1.90cm , Length: 23.40cm
Weight:   0.522kg
ISBN:  

9780857932112


ISBN 10:   085793211
Pages:   264
Publication Date:   30 September 2011
Audience:   College/higher education ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: Foreword Jesus Huerta de Soto 1. Institutional Illusion and Financial Entrepreneurship in the European Debt Scheme Gabriel A. Gimenez-Roche 2. A Stock-taking of the Impact of the Crisis Joerg Guido Hulsmann 3. The Irish Economic 'Miracle': Celtic Tiger or Bengal Kitten? Anthony J. Evans 4. Europe's Unemployment Crisis: Some Hidden Relief? David Howden 5. Europe's Crisis of Accounting Maria Alvarado, Laura Muro and Kirk Lee Tennant 6. Solvency II and the European Sovereign Debt Crisis: The Case of Misplaced Prudence Antonio Zanella 7. The Eurosystem: Costs and Tragedies Philipp Bagus 8. Fiscal Stimulus, Financial Ruin Fernando Ulrich 9. From German Rules to European Discretion: Policy's Slippery Slope Malte Tobias Kahler 10. The Euro as a Hindrance to Recovery? A Comparative Analysis of the Czech Republic and Slovakia Jiri Schwarz and Josef Sima 11. Compounding Agricultural Poverty: How the EU's Common Agricultural Policy is Strangling European Recovery Brian O Caithnia Index

Reviews

'An important and timely contribution. David Howden has brought together an excellent collection of essays which go beyond the theoretical discussion of Austrian business cycle theory, exploring instead its empirical relevance to one of the most serious financial crises in modern European history.' - Mark Pennington, Queen Mary, University of London, UK 'This is an important and refreshing book which provides an approach of current problems quite different from what is (too often) written. In my opinion it is the only correct analysis of the economic crisis and of European problems. In spite of the diversity both of contributors and topics, a common and rigorous intellectual foundation gives unity and strength to this book. It offers the clues for the best understanding of present and future economic problems.' - Pascal Salin, Emeritus Professor of Economics, University Paris-Dauphine, France 'The current European recession is being offered as an excuse for a wider, more expansive centralized Europe. Failure to recognize the true causes of the recession - failed institutions that have plagued Europe for years, and will continue to do so if permitted to continue - will prolong the current malaise, and hold Europe back from its new future. Let us hope that the current volume does much to bring this new Europe to us.' - From the foreword by Jesus Huerta de Soto


`An important and timely contribution. David Howden has brought together an excellent collection of essays which go beyond the theoretical discussion of Austrian business cycle theory, exploring instead its empirical relevance to one of the most serious financial crises in modern European history.' -- Mark Pennington, Kings College, London, UK `This is an important and refreshing book which provides an approach of current problems quite different from what is (too often) written. In my opinion it is the only correct analysis of the economic crisis and of European problems. In spite of the diversity both of contributors and topics, a common and rigorous intellectual foundation gives unity and strength to this book. It offers the clues for the best understanding of present and future economic problems.' -- Pascal Salin, Emeritus Professor of Economics, University Paris-Dauphine, France `The current European recession is being offered as an excuse for a wider, more expansive centralized Europe. Failure to recognize the true causes of the recession - failed institutions that have plagued Europe for years, and will continue to do so if permitted to continue - will prolong the current malaise, and hold Europe back from its new future. Let us hope that the current volume does much to bring this new Europe to us.' -- From the foreword by Jesus Huerta de Soto


Author Information

Edited by David Howden, Saint Louis University, Madrid, Spain

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