European Economy Since 1945 Coordinated Capitalism and Beyond

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  • Engels
  • Hardcover
  • 9780691127101
  • 13 november 2006
  • 520 pagina's
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In 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor plumbing. Today, things could hardly be more different. Over the second half of the twentieth century, the average European's buying power tripled, while working hours fell by a third. The European Economy since 1945 is a broad, accessible, forthright 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. Challenging standard views that basic economic forces were behind postwar Europe's success, Eichengreen shows how Western Europe in particular inherited a set of institutions singularly well suited to the economic circumstances that reigned for almost three decades. Economic growth was facilitated by solidarity-centered trade unions, cohesive employers' associations, and growth-minded governments - all legacies of Europe's earlier history. For example, these institutions worked together to mobilize savings, finance investment, and stabilize wages. However, this inheritance of economic and social institutions that was the solution until around 1973 - when Europe had to switch from growth based on brute-force investment and the acquisition of known technologies to growth based on increased efficiency and innovation - then became the problem. Thus, the key questions for the future are whether Europe and its constituent nations can now 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.

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Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
13 november 2006
Aantal pagina's
520
Illustraties
Nee

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Hoofdauteur
Barry Eichengreen
Tweede Auteur
Barry Eichengreen
Hoofduitgeverij
Princeton University Press

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Originele titel
The European Economy Since 1945: Coordinated Capitalism and Beyond

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153 mm
Product hoogte
31 mm
Product lengte
234 mm
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152 mm
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0 mm
Verpakking lengte
235 mm
Verpakkingsgewicht
879 g

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9780691127101

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