European Economy Since 1945 by Barry J. Eichengreen
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European Economy Since 1945
By Barry J. Eichengreen

The European Economy Since 1945

Coordinated Capitalism and Beyond

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Format: Paperback

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European Economy Since 1945 by Barry J. Eichengreen

Book Description

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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Book Details

ISBN: 9780691138480
ISBN-10: 0691138486
Format: Paperback
(229mm x 152mm x 31mm)
Pages: 520
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 1-Jul-2008
Country of Publication: United States

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Books By Author Barry J. Eichengreen

Labor in the Era of Globalization by Barry J. Eichengreen Labor in the Era of Globalization, Hardback (November 2009)

Analyzes the causes of the decline in labor's global fortunes from 1975 to the 2000s.

Globalizing Capital by Barry J. Eichengreen Globalizing Capital, Paperback (September 2008)

Emphasizes the importance of the international monetary system for understanding the international economy. This book demonstrates that the international monetary system can be understood and effectively governed only if it is seen as a historical phenomenon extending from the period of the gold standard to today's world of fluctuating prices.

Bond Markets in Latin America by Barry J. Eichengreen Bond Markets in Latin America, Hardback (July 2008)

The first comprehensive examination of the importance of local bond market development in Latin America, with conceptual and comparative assessments, case studies of six countries, and new, unique data sets.

Modern Perspectives on the Gold Standard by Barry J. Eichengreen Modern Perspectives on the Gold Standard, Paperback (May 2008)

This book explores exchange rate instability during the 1990s in the light of the operation of the gold standard in the years prior to 1914.

» View all books by Barry J. Eichengreen

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Author Biography - Barry J. Eichengreen

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. His books include "Golden Fetters: The Gold Standard and the Great Depression, 1919-1939" and "Globalizing Capital: A History of the International Monetary System" (Princeton).

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Recent books by Barry J. Eichengreen close
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