What Is European Integration Really About? A Political Guide for Economists
AbstractEurope’s monetary union is part of a broader process of integration that started in the aftermath of World War II. In this “political guide for economists” we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established? What are the goals and determinants of European Integration? What is European integration really about? We address these questions from a political-economy perspective, building on ideas and results from the economic literature on the formation of states and political unions. Specifically, we look at the motivations, assumptions, and limitations of the European strategy, initiated by Jean Monnet and his collaborators, of partially integrating policy functions in a few areas, with the expectation that more integration will follow in other areas, in a sort of chain reaction towards an “ever-closer union.” The euro with its current problems is a child of that strategy and its limits.
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Bibliographic InfoPaper provided by Condorcet Center for political Economy in its series Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS with number 2013-04-ccr.
Date of creation: Jun 2013
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Postal: CREM (UMR CNRS 6211) - Faculty of Economics, 7 place Hoche, 35065 Rennes Cedex - France
Other versions of this item:
- Enrico Spolaore, 2013. "What Is European Integration Really About? A Political Guide for Economists," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 125-44, Summer.
- Spolaore, Enrico, 2013. "What Is European Integration Really About? A Political Guide for Economists," CAGE Online Working Paper Series 140, Competitive Advantage in the Global Economy (CAGE).
- Enrico Spolaore, 2013. "What is European Integration Really About? A Political Guide for Economists," CESifo Working Paper Series 4283, CESifo Group Munich.
- Enrico Spolaore, 2013. "What Is European Integration Really About? A Political Guide for Economists," Discussion Papers Series, Department of Economics, Tufts University 0774, Department of Economics, Tufts University.
- Enrico Spolaore, 2013. "What is European Integration Really About? A Political Guide for Economists," NBER Working Papers 19122, National Bureau of Economic Research, Inc.
- H40 - Public Economics - - Publicly Provided Goods - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-24 (All new papers)
- NEP-PKE-2013-06-24 (Post Keynesian Economics)
- NEP-POL-2013-06-24 (Positive Political Economics)
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